No city enjoyed a bigger boom in the years between the Great Recession and the pandemic than Seattle. During the 2010s, its population grew by an astonishing 24 percent, the most of any major city. People were drawn by the jobs created by a metastasizing economy led by Amazon and Microsoft. Seattle recently passed Atlanta… Source:www.governing.com Original Image Link
La croissance devrait accélérer au Moyen-Orient, en Afrique du Nord, dans le Caucase et en Asie centrale, mais le chemin de la reprise est encore long, diverge selon les pays, et dépendra de l’action des pouvoirs publics et du déploiement des vaccins. Jihad Azour, directeur du département Moyen-Orient et Asie centrale du FMI, présente les principales conclusions de notre nouvelle édition des Perspectives économiques régionales.
Pour en savoir plus, consulter le rapport complet à l’adresse ow.ly/9r0150ElnNX
Published: 16th Apr 2021 02:38:24 By: IMF
IMF Video: آفاق الاقتصاد الإقليمي للشرق الأوسط وآسيا الوسطى | ابريل/نيسان 2021
من المتوقع أن ينتعش النمو في الشرق الأوسط وشمال إفريقيا والقوقاز وآسيا الوسطى، ولكن مسار التعافي لا يزال طويلا ومتباينا ومتوقفا على السياسات الحكومية ونشر اللقاحات. الدكتور جهاد أزعور، مدير إدارة الشرق الأوسط وآسيا الوسطى في صندوق النقد الدولي، يستعرض أهم النتائج المستخلصة من آخر عدد من تقريرنا عن "آفاق الاقتصاد الإقليمي".
لمعرفة المزيد، اقرأ التقرير الكامل عبر هذا الرابط
ow.ly/nm4K50ElHvo
Published: 16th Apr 2021 02:35:07 By: IMF
IMF Video: Regional Economic Outlook for the Middle East, North Africa, Caucasus, and Central Asia | April 2021
Growth is expected to pick up in the Middle East, North Africa, Caucasus, and Central Asia, but the path to recovery is still long, divergent, and dependent on government policies and vaccine rollouts. IMF Middle East and Central Asia Director Jihad Azour provides the key takeaways of our latest Regional Economic Outlook.
To learn more, read the full report at ow.ly/gMzG50ElHwT
Published: 16th Apr 2021 02:30:31 By: IMF
IMF Video: Press Briefing: Western Hemisphere Department
What does the path to recovery look like in the Caucasus and Central Asia? What will be the impact of policy responses, underlying fragilities, and the race between the virus and vaccines? How can policies continue supporting the recovery in 2021, while balancing the need for debt sustainability and financial resilience?
The Financial Times' Nastassia Astrasheuskaya moderates a discussion with Subir Lall, Natela Turnava, Timur Ishmetov, and Peter Burian on these issues and more from the IMF’s April 2021 Regional Economic Outlook (REO) Update: Middle East and Central Asia. They explore the challenges facing the region and ways in which policymakers can build forward better and accelerate the transition to more inclusive, resilient, and green economies.
Read the full report at http://ow.ly/gMzG50ElHwT
#CentralAsia #Caucasus
Published: 15th Apr 2021 02:41:31 By: IMF
Davos Video: Unlocking Innovation to Transform Food Systems | DAVOS AGENDA 2021
From food-sensing technologies and blockchain-enabled traceability, to societal, science and business model innovation, all collectively present an unprecedented opportunity to transform food systems by 2030.
What practices, policies and partnerships are needed to reset food systems to offer more inclusive, nutritious and healthy, environmentally sustainable and efficient futures for people and the planet?
Speakers: Sean de Cleene, Tjada McKenna, Svein Tore Holsether, Achim Steiner, Tereza Cristina Corrêa da Costa Dias, Narendra Singh Tomar, Johan Swinnen, Ishmael Sunga, Hanneke Faber, J. Erik Fyrwald, Ndidi O. Nwuneli
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Published: 16th Apr 2021 12:00:33 By: World Economic Forum
Davos Video: An Insight, An Idea with Masayoshi Son | DAVOS AGENDA 2021
A conversation with Masayoshi Son, Chief Executive Officer of SoftBank.
Speakers: Laurence D. Fink, Masayoshi Son
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 15th Apr 2021 02:45:01 By: World Economic Forum
This session forms part of the Annual Meeting of the African Circular Economy Alliance (ACEA). Panellists will announce and discuss a new Alliance report on the Five Big Bets for the Circular Economy in Africa. The report explores major opportunities for the continent on food systems, packaging, the built environment, electronics, and fashion and textiles.
Published: 15th Apr 2021 10:37:29 By: World Economic Forum
Davos Video: Delivering the Reskilling Revolution | DAVOS AGENDA 2021
The future of work has already arrived in many industries, making the skills gap in the world's 3 billion-strong workforce one of the most urgent challenges for governments, businesses and workers alike.
What policies, practices and partnerships are needed to meet the challenge of skilling, reskilling and upskilling 1 billion people by 2030?
Speakers: Andrew McAfee, Asheesh Advani, Mariéme Jamme, Ryan Roslansky, Majid Jafar, Saadia Zahidi, Leena Nair
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 12th Apr 2021 12:00:19 By: World Economic Forum
Davos Video: UpLink: Tracking ocean traffic to fight illegal fishing and piracy | World Economic Forum
This is how this start-up is tracking ocean traffic to fight illegal fishing and piracy.
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
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Published: 12th Apr 2021 10:00:00 By: World Economic Forum
Economic Video: Pfizer CEO says a third vaccine dose is likely, Moderna updates booster shot timeline
#coronavirusvaccine #Pfizer #Moderna
Pfizer CEO sees need for a third vaccine dose as Moderna updates its timeline on third booster shot. Pause on the Johnson & Johnson vaccine remains. Yahoo Finance’s Anjalee Khemlani breaks down the details.
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As Michigan struggles with another Covid-19 surge, rural communities that were relying on the Johnson & Johnson vaccine and mobile clinics are among the hardest hit by the pause. NBC News' Ellison Barber breaks down how the one-shot vaccine made it easier for health care workers to administer in people’s homes.
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How Johnson & Johnson Vaccine Pause Is Impacting Michigan's Rural Communities | NBC News NOW
Published: 16th Apr 2021 04:29:53 By: NBC News
Economic Video: Market Recap: Thursday, April 15: Dow closes above 34,000 for the first time
#stockmarket #stocks #YahooFInance
Stocks jumped Thursday to reach record levels as traders eyed a much stronger than expected print on consumer spending and a sharp improvement in the number of new jobless claims. The Dow gained more than 200 points, or about 0.7%, to reach a record intraday high and break above the 34,000 level. The S&P 500 and Nasdaq also rose to reverse declines from a day earlier, with tech stocks leading the Nasdaq higher by more than 1%. Shares of Coinbase, the largest cryptocurrency exchange in the U.S., jumped after closing below its opening trade price in a volatile first day on the public markets. BMO Global Asset Management senior investment strategist Jon Adams and Director of Portfolio Strategy at Verdence Capital Advisors Megan Horneman joined Yahoo Finance Live to discuss.
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Morgan Stanley posted blockbuster results for the first quarter, but a single prime brokerage client cost the firm nearly $1 billion. The firm had a $644 million loss from a “credit event” for that client, as well as $267 million in related trading losses, the New York-based bank said Friday in first-quarter earnings results that handily exceeded analysts’ expectations for the quarter. CNBC's Jim Cramer and David Faber discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Morgan Stanley posted blockbuster results for the first quarter, but a single prime brokerage client cost the firm nearly $1 billion.
In its earnings results, Morgan Stanley said Friday it had a $644 million loss from a “credit event” for that client, as well as $267 million in related trading losses.
That client was Bill Hwang’s Archegos, Morgan Stanley CEO James Gorman said during a conference call with analysts, confirming what a person with knowledge of the situation told CNBC earlier.
While Morgan Stanley was the biggest prime broker to Archegos, other banks suffered larger losses. Credit Suisse, which CNBC has reported was the No. 2 broker to Archegos, took a $4.7 billion hit to unwind the losing bets and shuffled top managers because of the meltdown. Nomura said it could face $2 billion in losses.
During his scheduled call with analysts to discuss the quarter, Gorman said Archegos owed it $644 million after its meltdown in late March.
“We liquidated some very large single stock positions through a series of block sales culminating on Sunday night, March 28,” Gorman said. “That resulted in a net loss of $644 million which represents the amount the client owed us under the transactions that they failed to pay us.”
He added: “Subsequently, we made a management decision to completely de-risk the remaining smaller long and short positions,” Gorman said. “We decided we would be out of the risk as rapidly as possible, and in so doing, incurred an incremental loss of $267 million. I regard that decision as necessary and money well spent.”
Morgan Stanley may have been misled by the family office, CFO Jon Pruzan said during the call. The bank held collateral for Archegos based on facts that turned out to be untrue, he said.
Archegos representatives could not immediately be located for comment. Its previous communications firm said it no longer represented the family office.
At least part of the Archegos loss was driven by the fact that Morgan Stanley had been an underwriter on ViacomCBS shares the previous week, so it held off selling a block of the company’s stock until Sunday, which caused the bank to be later in selling than others, Gorman said.
During the call, an analyst asked Gorman if the episode would change the firm’s approach to risk management in the prime brokerage business.
“I think we’ll certainly be looking hard at family office-type relationships where they are very concentrated and you have multiple prime brokers and frankly, the transparency and lack of disclosure relating to those institutions is just different” from hedge funds, Gorman said. “That’s something I’m sure the SEC is going to be looking at and that’s probably good for the whole industry.”
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Published: 16th Apr 2021 01:47:18 By: CNBC Television
Economic Video: China GDP figures reveal 'fascinating double-digit growth' in exports, says economist
Tommy Wu, lead economist at Oxford Economics, discusses the likelihood of continued growth in Chinese exports, manufacturing demand, and domestic household consumption.
Published: 16th Apr 2021 11:23:43 By: CNBC International TV
Business Video: Bernie Madoff, infamous Ponzi schemer, dies
Bernard Madoff, whose name became synonymous with financial fraud, died while serving a 150-year sentence in Federal Prison. He was 82 years old.
His death Wednesday at the Federal Medical Center in the prison in Butner, North Carolina, was confirmed by the US Bureau of Prisons. A cause of death was not released.
In February 2020, he petitioned the courts for an early release from prison, stating that he had terminal kidney failure and a life expectancy of less than 18 months. But the US Attorney's office for the southern district of New York said Madoff's crime was "unprecedented in scope and magnitude" and is "sufficient reason" to deny Madoff's request.
Madoff was the mastermind behind a $20 billion Ponzi scheme -- the largest financial fraud in history.
He had a legendary career on Wall Street, famously delivering astronomical returns for his investors, which included director Steven Spielberg, actors Kevin Bacon and Kyra Sedgwick and New York Mets owner Fred Wilpon.
#ChristineRomans #CNNBusiness #News
Published: 14th Apr 2021 03:03:20 By: CNN
Business Video: ADL CEO calls for Fox News to fire Tucker Carlson
Tucker Carlson ignited backlash for his comments about "replacement" theory during a Fox News show. Anti-Defamation League CEO Jonathan Greenblatt speaks to CNN's Brian Stelter about Carlson's rhetoric and the ADL's letter to Fox News Media CEO Suzanne Scott.
#BrianStelter #CNNBusiness #ReliableSources
DMX, a rapper known as much for his troubles as his music, has died, his family announced in a statement. He was 50.
"We are deeply saddened to announce today that our loved one, DMX, birth name of Earl Simmons, passed away at 50-years-old at White Plains Hospital with his family by his side after being placed on life support for the past few days," family's statement read in part.
The artist had been hospitalized since last week when he suffered a heart attack at his home in New York, according to his longtime attorney, Murray Richman.
DMX (Dark Man X) began rapping in the early 1990s and released his debut album, "It's Dark and Hell Is Hot," in 1998.
With the deaths of fellow rappers The Notorious B.I.G. and Tupac Shakur before he burst on the scene, DMX became one of the reigning stars of hardcore hip hop and was the premier artist signed to the Ruffhouse Records label.
His single, "Ruff Ryders Anthem," helped to seal his critical and commercial success.
#DMX #CNNBusiness #News
Published: 9th Apr 2021 06:57:26 By: CNN
Business Video: Levi's CEO has message for Mitch McConnell about voting rights
President and CEO of Levi Strauss & Co., Chip Bergh, weighs in on Georgia's new voting law and tells CNN's Poppy Harlow what the company is doing to ensure "fair and equal access to the polls."
#CNNBusiness #News #PoppyHarlow
Published: 9th Apr 2021 03:59:23 By: CNN
Business Video: See co-anchor's hilarious sendoff to Alisyn Camerota
"New Day" co-host John Berman wishes farewell to Alisyn Camerota before she moves to her new role anchoring CNN's weekday coverage with Victor Blackwell. #CNN #News
Published: 6th Apr 2021 09:00:02 By: CNN
Markets Finance Video: Bank of America Sees Trading Revenue Jump, Banking Fees Surge
Apr.15 -- Bank of America matched its Wall Street peers in delivering better-than-expected earnings, although growth from its fixed income and stocks desks lagged behind the blowout numbers from JPMorgan Chase and Goldman Sachs. Sonali Basak and David George of Baird discuss all the results on "Bloomberg The Open."
Published: 15th Apr 2021 04:24:26 By: Bloomberg Markets and Finance
Markets Finance Video: Next Leg of Bank Rally Needs to Be Revenue Growth: KBW CEO
Apr.15 -- Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Caroline Hyde, Romaine Bostick, Taylor Riggs, Carol Massar, and Tim Stenovec.
Published: 15th Apr 2021 02:07:41 By: Bloomberg Markets and Finance
Markets Finance Video: Coinbase Had Very Successful Direct Listing: Nasdaq President
Apr.14 -- Cryptocurrency exchange Coinbase Global Inc. reached a valuation of $105 billion in its trading debut Wednesday on the Nasdaq. After opening at $318 it surged to more than $405. Matt Miller and Joe Weisenthal discuss.
Published: 14th Apr 2021 07:36:39 By: Bloomberg Markets and Finance
Mon, 12 Apr 2021 15:59:00 GMTTwo governing boards are to meet this week. The Rowland Board of Commissioners are to meet in-person at 6:30 p.m. Tuesday. The meeting will take place at Town Hall, located at 202 W. Main St. On ...
Thu, 08 Apr 2021 22:02:00 GMTThe economy has proven to be more resilient than could have been imagined a year ago. Making future growth more equitable is a priority without obvious solutions.
Tue, 06 Apr 2021 16:50:00 GMTMemorial Hermann Ironman Texas North American Championship Triathlon has been rescheduled to October in The Woodlands after the original April race date was called off last month. In a statement sent ...
Mon, 05 Apr 2021 04:30:00 GMTFor thousands of kids across the state, it’s the first day of school. The first day of full-time, in-person school, that is. Many public schools are bringing their youngest students back to the ...
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