Financial news of the week

in LeoFinance4 years ago

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  1. U.S. President Joe Biden's plans to tighten the tax burden were in reality not as ambitious as he said and this is good primarily for the big tech sector, as we see with you in the quotes.
    On Wednesday, the US Treasury Department released more information about the plans: the 15% minimum tax proposed last week by Janet Yellen will only apply to companies with annual revenues of over $2 billion, not to companies with annual revenues of $100 million as was discussed last year, but the overall rhetoric is not as aggressive.
    Biden's new initiatives, including the huge infrastructure spending he also presented not so long ago, are not met with sufficiently fierce resistance in the Republican sphere and Biden said here too that he is ready to negotiate, ready to look for some points for discussion. At the moment, the market is in a positive mood.

  2. The story with the shortage and semiconductors cause big problems for big companies, Apple said it was forced to postpone the release of some MacBook laptops and tablets Aipad because of the lack of chips and displays, but while the chip shortage has not affected the production of iPhone, although the supply of some components for smartphones is quite limited for here is very important
    The situation does not affect the final earnings of the company apple and analysts quoted enough in the American media believes that now is the perfect time to buy stocks of apple because it is still the best of the technology sector and before the end of the year the stock could add another 25 - 30% forecast is approximate that sales of iPhones in 2021 will be in the range 240 - 250 million, this is much higher than expected on Wall Street
    In addition to Apple, I suggest taking a closer look at shares of Microsoft and Nuance Communications in the near future.

  3. On April 12, the White House will meet with representatives of the auto industry, for example, which is the hardest hit by the chip shortage at the moment, and with specialists in national security.

  4. The cryptocurrency debate continues unabated around the world.
    Rural co-founder Peter Thiel suggested that Bitcoin could be a financial weapon for China to weaken the U.S. dollar, he said at a Richard Nixon Foundation event. Thiel's quote: "Despite the fact that I am a supporter of cryptocurrency I am interested at this stage to consider bitcoin as a Chinese financial weapon against the United States - it threatens fiat money especially the dollar" - the billionaire believes that authorities should consider stricter regulation of digital assets.
    Not long ago, Morgan Stanley called Bitcoin a possible competitor to the dollar, thanks to its growing role as a means of payment. and you

  5. JP Morgan head Jamie Dimon's predictions for the U.S. economy
    He stated, "I have no doubt that once the pandemic is over, the economy
    the U.S. economy is likely to boom and it could easily continue into 2023 because consumer finances in the U.S. are in great shape on average and high stock market valuations are justified, but also the economic growth that Dimon expects over the next two years could create opportunities to address inequality.
    Indeed, more and more economists are recognizing recently that the economy has already entered a recovery phase and it is likely that we will indeed have several years in which we will see a fairly steady and rapid economic recovery, fueled by the huge injections that Central Banks and authorities are making around the world.

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