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The rise of “buy now, pay later” e-commerce PayPal announced the cancellation of late fees
Original title: The rise of “buy now, pay later” e-commerce PayPal announces cancellation of late fees Source: Sina Technology According to reports, with the rise of “buy now, pay later” (BNPL) services and heightened market competition, PayPal announced today that it will no longer charge late fees to “buy now, pay later” users. PayPal said the policy will take effect in the US, UK and France from October this year. Currently, PayPal's “buy now, pay later” service in Germany and Australia is exempt from late fees. Last year, PayPal began offering “buy now, pay later” services for the first time. PayPal said today, hope
Yellen: the Biden spending Plan is the key for the United States to maintain its position as the world's leading economic power
Us Treasury Secretary Janet Yellen says President Joe Biden's spending plans for infrastructure, child care and education are necessary to maintain America's position as a leading economic power. According to a summary of Yellen's speech in Atlanta, the bipartisan infrastructure bill considered by Congress is "just the beginning." other parts of Biden's economic agenda for housing, child care and school education will be "key elements" to help the American people. "We are used to the fact that the United States is the world's leading economic power," the Treasury Department wrote in a summary of the speech released before Ms. Yellen's speech. "We are not destined to keep
Fed Vice Chairman Clarida says the first interest rate hike in 2023 is in line with the new policy framework.
Clarida pointed out that his inflation outlook is facing upward risks. The Fed vice chairman also warned that the Delta variant poses a downside risk to the economy. Fed Vice Chairman Richard Clarida said on Wednesday that if the economy behaves as expected by policy makers, the Fed is expected to start raising interest rates in 2023. "the necessary conditions for raising the target range of the federal funds rate will be met by the end of 2022," he said in a speech at the Peterson Institute for International Economics webinar. " The Federal Reserve has said it will keep short-term interest rates near zero.
Goldman Sachs: short sellers in US stocks are bound to make up this week, sending US stocks to heaven.
Original title: Goldman Sachs: short sellers in US stocks are bound to make up this week. Last week, although the S & P 500 fell 1% on Thursday, its whole week rose to a series of all-time highs. Goldman Sachs had previously pointed out that the market would have its best two weeks of the year in early July. Global stock market sentiment fell sharply last week, with Goldman Sachs observing last Thursday that the New York Stock Exchange jump index TICK was under one of the biggest selling pressures in history (top four) at the start of trading. TICK reflects the rise and fall of stocks on the New York Stock Exchange. Why was the stock market so volatile last Thursday? The general feeling is that
A number of progressive lawmakers in the United States have proposed a "super millionaire" tax.
Us Senator Elizabeth Warren, Congressman Pramila Jayapal and Brendan Boyle have proposed a new wealth tax on households with a net worth of more than $50 million. The lawmakers said on Monday that under the new tax, known as the Super millionaire tax Act, a 2 per cent tax would be levied on households and trusts with net worth of between $50 million and $1 billion a year to create a "fairer" economy; a wealth tax of 3 per cent at a rate of more than $1 billion would be difficult to pass by the U.S. Senate, which is currently split equally between two parties, and most bills require 60 members.
Ford's poor revenue in the fourth quarter is expected to invest $29 billion in electric cars and self-driving.
Ford released its fourth-quarter results after trading on Thursday. Ford's fourth-quarter adjusted earnings per share were 34 cents and the market expected a loss of 7 cents, while revenue was $33.2 billion and the market was expected to be $33.89 billion, according to the results. Ford also said it plans to invest $29 billion in electric vehicles and self-driving by 2025. John Lawler, Ford's chief financial officer, said he expected the company's adjusted pre-tax profit in 2021 to be between $8 billion and $9 billion and its adjusted free cash flow to be between $3.5 billion and $4.5 billion. He said that semiconductors