The Queen’s Jubilee long weekend, which (according to The Royal Mint) means “shared lunches, street parties and concerts.”
We’re not so sure about the whole “shared lunches” thing, but we are sure there will be plenty of celebration here in the UK.
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Platinum Jubilee: Crowds cheer Queen at the palace as Jubilee begins
Senior royals gathered on Buckingham Palace balcony for the first time since the pandemic
Biden authorizes additional $800 million in military assistance for Ukraine
Biden announced another $800 million in military assistance on Wednesday following a phone call with Ukrainian President Volodymyr Zelenskyy.
Since Moscow’s Feb. 24 invasion, the Biden administration has deployed more than 100,000 U.S. troops to NATO-member countries and authorized $2.6 billion in security assistance.
Intel commits $36 billion to making chips in Europe
The Santa Clara chipmaker said it will build a new “mega factory” in Germany as part of the investment, which is being subsidized with public funding.
It also pledged to create a new R&D and design hub in France, and to invest in R&D, manufacturing and foundry services in Ireland, Italy, Poland and Spain.
Intel’s investments are part of a broader package that will see the company invest as much as 80 billion euros in Europe over the next decade.
Amazon stock has its second-best day of 2022 on planned 20-for-1 split
Amazon shares climbed more than 5% on Thursday after the company announced plans to split its stock for the first time since 1999.
The 20-for-1 split could put the company in contention for inclusion in the Dow Jones Industrial Average.
The only better day the stock has had this year came after the company’s fourth-quarter earnings report last month.
IMF expects to cut global growth forecast in response to Russia-Ukraine war, managing director says
The International Monetary Fund expects to cut its global growth forecast to account for the economic consequences from Russia’s invasion of Ukraine.
“We still expect the world to be in positive growth territory,” managing director Kristalina Georgieva told CNBC on Thursday.
Her comments come a day after the IMF approved $1.4 billion in emergency aid to Ukraine.
Indonesia has a ‘surprising’ way to fund a larger government deficit — but its currency suffers
Indonesia’s currency, the rupiah, is the worst-performing Asian currency so far this year partly due to investor concerns over its central bank helping to finance a larger government deficit.
The “debt burden sharing” arrangement involves the central bank buying 397.6 trillion Indonesian rupiah ($26.97 billion) worth of government-issued bonds to fund increased spending to fight the coronavirus.
The program has been likened to an unconventional tool called quantitative easing, which has until recently been used only by major central banks in developed economies such as the U.S. and Europe.
Indonesia, Southeast Asia’s largest economy, recorded its first economic contraction in more than two decades as it struggles to contain the coronavirus outbreak.
10-year Treasury yield falls below 1% for the first time after Fed slashes rates due to coronavirus
The 10-year Treasury yield broke below 1% for the first time ever in the wake of an emergency rate cut by the Federal Reserve to combat the economic effects of the spreading coronavirus.
Morgan Stanley is paying $2,500 per customer for E-Trade. You can earn a $3,500 sign-up bonus for signing with a new broker — with one major catch
Morgan Stanley is paying $2,500 per customer for E-Trade. You can earn a $3,500 sign-up…
WHO raises coronavirus threat assessment to its highest level: ‘Wake up. Get ready. This virus may be on its way’
WHO raises coronavirus threat assessment to its highest level: ‘Wake up. Get ready. This virus…
