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Amazon.Com Inc launched the installment service in conjunction with Affirm, whose shares soared 40% in after-hours trading.
Amazon.Com Inc announced Friday that he will cooperate with Affirm, a US e-commerce installment service provider, to provide users with installment payment options for the first time. Affirm's "buy and pay" option will be available to some Amazon.Com Inc customers in the United States from Friday and will be promoted more widely in the coming months, the two companies said in a statement. The partnership will allow Amazon.Com Inc customers to pay $50 or more in installments. Affirm shares soared more than 40 per cent in after-hours trading on Friday on the news. Amazon.Com Inc's share price has not changed significantly. Affirm is a famous installment service provider.
At the end of the day, US stocks were basically flat and the Dow erased morning gains.
In the early morning of the 14th Beijing time, U. S. stocks were basically flat late Friday. Investors are weighing mixed economic data and earnings, and are watching the rapid spread of the newly crowned delta strain. The Dow fell 6.97 points, or 0.02%, to 35492.88; the Nasdaq fell 10.48 points, or 0.07%, to 14805.78; and the S & P 500 rose 2.40 points, or 0.05%, to 4463.23. On Friday morning, the Dow rose as high as 35610.57 and the S & P rose to 4468.37, the highest in intraday and closing history.
Corporate earnings growth may peak, and the road to a bull market in the S & P 500 index is in jeopardy.
Banks will be the first to report results on July 13, and second-quarter earnings are likely to look strong, with 64% of S & P 500 companies expected to grow, or mark the culmination of the expansion cycle. This has raised fears that the key factors that underpinned the 15-month bull market, from economic prosperity to massive policy support, will lose momentum.
Taro Aso of Japan is expected to make progress on a global tax agreement next week.
Taro Aso, Japan's finance minister, told reporters after a conference call with his G7 counterparts that taxes were not on the official agenda during Friday's virtual meeting, but Japan stressed the need for co-operation to reach global tax rules. He said final adjustments to the agreement are expected at the G7 finance ministers' meeting in London next week. "stopping competitive cuts in corporate tax will benefit every country in the Group of Seven," said Taro Aso. Issues such as the scope of taxed companies and the minimum tax rate will be discussed at the upcoming meeting. Taro Aso says taxes are not on today's agenda.
WTO: broad recovery in global merchandise trade may accelerate
The broad recovery in global merchandise trade is likely to accelerate amid strong consumer demand, according to a report released by the World Trade Organization on Friday. The WTO quarterly merchandise trade index rose to 109.7, up steadily from 103.9 released in February. The latest figures are "broadly in line with the WTO's current trade forecast (March 31), that is, the volume of merchandise trade is expected to grow by 8% in 2021". An index of 100 indicates that the growth in the next quarter is in line with the medium-term trend. Strong growth in air cargo, electronics and automobile trade reflects an improvement in consumer confidence, the report said. "all sub-indices of this index are higher than the trend.
New evidence of US inflation the Philadelphia Fed survey shows that the price index is the highest in 40 years.
Companies plan to raise product prices and new employee capital, and inflationary pressures are intensifying. Due to persistent capacity constraints, the number of outstanding orders surged to the highest level since 1973, according to a report by the Philadelphia Federal Reserve. Inflationary pressures are intensifying as companies plan to raise product prices and new employee capital. The Philadelphia Fed's latest manufacturing survey shows that rising input costs for producers pushed the price index to its highest level in 40 years in May. The data also showed that the price index paid this month soared to its highest level since March 1980. Nearly 77% of companies report input costs
Midday: technology stocks led US stocks to rebound and the Dow rose 300 points.
In the early morning of the 21st Beijing time, US stocks maintained a rising pattern at midday on Thursday, led by the technology sector. Investors continue to pay attention to inflation and its impact on the Fed's current loose monetary policy. The minutes of yesterday's Fed meeting hinted at a possible tightening of monetary policy. The data for unemployment benefits in the United States reached its lowest level since the outbreak last week. The Philadelphia Fed survey index confirms once again the rise in inflationary pressures in the United States. The Dow rose 294.74 points, or 0.87%, to 34190.78; the Nasdaq rose 229.56 points, or 1.73%, to 13529.30; and the Standard & Poor's 500 Index rose 48.53 points, or 1.18
Fed survey: 1/3 banks have limited balance sheet size
According to a march survey of financial executives released by the federal reserve on Thursday, 1/3 of respondents said their banks had taken action to limit the size of their balance sheets and expected their banks to continue to do so. Another 1/3 of respondents said they would take action to maintain or reduce the size of the balance sheet if it increased. Almost half of those who talked about limiting the size of their balance sheets identified net interest margin pressure and return on assets as important or very important factors affecting the decision. Of those who took part in a previous survey last September, 40% reported that the last few months of 2020
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