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British Prime Minister to meet with Bezos to urge him to pay taxes fairly
On his way to the United Nations General Assembly in the United States, British Prime Minister Boris Johnson said he would meet with Amazon.Com Inc founder and chairman Jeff Bezos on Monday and would tell the world's richest man. his company must pay its fair share of taxes in the UK. Johnson said he would also urge Bezos to address the working standards of British employees, and said he would congratulate Bezos on his "large-scale afforestation program."he has invested a lot of money in planting trees around the world."
Goldman Sachs raised its target for the S & P 500 by the end of the year to 4700 from 4300.
Goldman Sachs strategists raised their S & P 500 point forecasts under the dual influence of better-than-expected earnings and lower-than-expected interest rates. Strategists, including David J. Kostin and Ben Snider, raised the S & P target by 9 per cent to 4700 from 4300 by the end of 2021, meaning the index still has 7 per cent room to rise from its current level. The target will be raised from 4600 to 4900 by the end of 2022. The S & P closed Wednesday at 4402.66. "We expect earnings growth to be the second half of this year.
Fed QE important signal: portfolio size will increase to a peak of $9 trillion in 2023
Original title: Fed QE important signal: portfolio size will increase to a peak of $9 trillion in 2023 the New York Fed said in its annual report on the open market account (SOMA) released on Monday that the SOMA portfolio is likely to expand with continued asset purchases, reaching $9 trillion by 2023, accounting for 39% of US GDP. The benchmark forecast largely reflects the expectations of market participants and is based on the results of surveys of primary dealers and market participants. After that, as the FOMC monetary policy position normalizes, the evolution path of the portfolio will depend on the policy choice. The New York Fed is anticipating
Warren proposes nearly tripling the IRS budget to crack down on tax evasion by the rich
Us Senator Elizabeth Warren unveiled a bill on Monday proposing to nearly triple the IRS (IRS) 's annual mandatory budget to $31.5 billion from the $11.9 billion approved by Congress this fiscal year to help the agency step up enforcement and crack down on tax evasion by the rich. Warren's proposal would propose that the agency's funds be removed from the annual funding process so that the amount does not change as a result of the whims of Congress year after year. "strengthening the IRS's ability to crack down on wealthy tax fraudsters requires not only more money, but also more stable money," Warren said. Mandatory funding will be made on a sustained basis
Strong demand prospects for crude oil futures hit the highest closing price since March
Crude oil futures prices hit their highest closing price since March on Wednesday in the early morning Beijing time. Oil prices have been boosted by the optimistic demand outlook for the second half of 2021 and the decline in US crude oil inventories. Traders are also watching gasoline shortages in the southeastern United States. Colonial Pipeline is currently repairing an important pipeline system for transporting oil products locally. The (IEA) of the International Energy Agency said in its monthly report that the crude oil glut that occurred after the outbreak, which led oil-producing countries to cut production, had basically returned to normal. IEA lowered its demand growth forecast for 2021
Shift Technologies Appoints Retail Veteran Oded Shein As Finance Chief