The passage of a $550 billion infrastructure bill by the U.S. Senate won a major victory for Biden.
The Speaker of the House of Representatives will link the vote on the bill to a $3.5 trillion economic plan. $550 billion will be used to upgrade and expand roads, railways, power grids, and broadband. The US Senate passed a $550 billion infrastructure bill, marking the largest public utility spending in decades and winning President Joe Biden a major victory on the economic agenda. Members of both parties in the Senate passed the infrastructure bill by a 69-30 vote on Tuesday, making a breakthrough on an issue that has plagued Congress and the president for years. But the spirit of bipartisanship will soon fade away, Senate Majority Leader Chuck
Microsoft will give employees a bonus of 1500 US dollars to reward their efforts during the epidemic.
More than a year after being affected by COVID-19 's epidemic, Microsoft will pay employees a bonus of 1500 US dollars. As companies reopen office facilities and employees consider possible job changes, such care may help reduce the impact of the Great Resignation trend. The bonus, which will cost Microsoft about $200 million, is a gesture of gratitude to employees for their efforts for customers and partners over the past year, a Microsoft spokesman said on Thursday. At the end of the first quarter, the company had more than $125 billion in cash, equivalents and short-term investments. On Thursday, Weibo
AMC is going to issue additional shares again! It is also "considerate" to remind investors to be careful to lose money.
AMC Entertainment Holdings said after trading on Thursday that it would ask shareholders to authorize it to issue up to 25 million more shares, just after the company announced that it had raised $587 million in a 11.55 million rights issue and had issued 8.5 million shares to Mudrick Capital, a hedge fund, earlier this week. Adam Allen (Adam Aron), CEO of AMC, said in a statement: "in order to successfully guide the way forward, we seek to integrate all financial instruments that may help us. An important tool for any company is that when there is the right value
Hedge fund mogul Aikman may acquire Universal Music and go public to create the biggest SPAC deal to date
According to people familiar with the matter, a special purpose acquisition company of American billionaire investor Bill Aikman is close to completing a merger and listing deal with Universal Music Group (UMG). This will be the largest SPAC deal in the world so far, with Universal Music's valuation reaching around 40 billion US dollars. Southeast Asia ride-hailing software giant Grab and Altimeter Growth Corp. will retire from the SPAC deal after merging. According to SPAC Research, the deal valued Grab at over $30 billion. Influenced by this news, Ai
Goldman Sachs is bullish on commodity prices and says there is no need to worry about the Fed's tough stance
Recently, commodities have “made a lot of noise”, and market participants have different opinions on how long commodity prices will continue to rise. Goldman Sachs also gave their latest predictions on Monday. Goldman Sachs emphasized the previous judgment that there is no need to worry about commodities being affected by the Fed's tough stance or the flattening of the yield curve. Earlier, Goldman Sachs anticipated that the US non-farm payroll report for April reduced the possibility that the Federal Reserve would reduce the scale of debt purchases by the fourth quarter of this year, but it is still expected that the FOMC will begin debt reduction early next year. According to Goldman Sachs, the ideal commodity scenario is taking shape. There are still opportunities for commodities in the next 12 months: “Yes
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