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KKR has wiggle room to sweeten Telecom Italia bidKKR’s jumbo bid for Telecom Italia may get chunkier. The private equity group could have to raise its 33 billion euro offer for the Italian telecom operator to win over investors Vivendi and state-controlled Cassa Depositi e Prestiti (CDP). The deal already looks set to be the largest buyout in European history. But the U.S. group can probably pay more without overloading its target with too much debt.
Source: Breakingviews - 🏆 470. / 51 Read more »
Raging inflation may force Fed’s hand on ratesPowell, newly nominated by President Joe Biden for a second term, would disappoint many progressives and Fed watchers if he chooses to curb the central bank's efforts to boost the economy.
Source: politico - 🏆 381. / 59 Read more »
After a long wait, Joe Biden reappoints Jerome Powell as Fed chairmanIn his second term, Jerome Powell will confront two broad challenges: how to quell inflation without harming the economy and how to reorient the Fed on concerns from climate change to digital currencies And protect profits at any price in degradation of the majority. Obviously. Differentiate between types of inflation and inflationary pressures caused by Demand, Stimulus, Logistics and Supply... This should work until 2025. I always hated bitcoin and thought it was a scam, till I met AMBREY__MARCUS_, I made my first successful withdrawal of $70,000 thanks to AMBREY__MARCUS_ now am financially stable..
Source: TheEconomist - 🏆 6. / 92 Read more »
Bidens resume Thanksgiving tradition in NantucketPres. Biden, first lady Jill Biden and other members of the Biden family woke up in Nantucket, Massachusetts, resuming a Thanksgiving tradition that dates back to 1975. Who’s job is it to tell him where he is when he wakes up? Good for them. They deserve it. Hopefully next year I’ll be able to afford enough gasoline to visit my family on Thanksgiving. Lost my life savings sheltering from the pandemic and fires
Source: ABC - 🏆 471. / 51 Read more »
Opinion | Why a Trump official can help Biden politicallyBiden is reasserting himself on the economy by renominating Powell and keeping his distance from Democrats' left flank, which only appeals to a small segment of voters.
Source: NBCNews - 🏆 10. / 86 Read more »