[ad_1]
The US trade deficit swelled to a record high in February. The deficit in goods and services rose in February according to the US Census Bureau by 4.8 percent compared to the previous month to 71.1 billion US dollars. Exports fell 2.6 percent, or $ 5 billion, to $ 187.3 billion, while imports fell by a more modest 0.7 percent, or $ 1.7 billion, to $ 258.3 billion. US dollars fell.
Federal Reserve officials said the risk of unexpectedly high inflation was roughly the same as that of unexpectedly sluggish inflation. “Most of the participants indicated that they considered the risks to the inflation outlook largely balancedâ€, According to the minutes of the Federal Open Market Committee meeting in March, released on Wednesday.
US health groups are exploring a possible treatment for people with “Covid brain fog“. Akili Interactive has partnered with Weill Cornell Medicine, NewYork-Presbyterian Hospital and Vanderbilt University Medical Center to test Akili’s digital therapeutic AKL-T01 for treating cognitive dysfunction in people with Covid-19.
Turkey will cut both interest rates and inflation to the single digits, said President Recep Tayyip Erdogan a week before the central bank’s first rate-fixing meeting with a new governor, whose surprising appointment was in March exasperated investors. Erdogan has long raged against high interest rates, which he believes cause inflation.
High earners and businesses that thrived in the pandemic should pay additional taxes to show solidarity with those hardest hit, according to the IMF. A temporary tax would help reduce social inequalities exacerbated by the economic and health crisis last year, the fund announced on Wednesday in its financial monitor, which is published twice a year.
According to Royal Dutch Shell, higher oil prices in the first quarter enabled their exploration and production business to develop well, although gas trading results were expected to be “well below average”. The British-Dutch major said adjusted profits in the upstream business in the first three months of this year is “positive”.
Former British Airways chief Willie Walsh has returned to the aviation industry with a blunt warning to Heathrow and other airports not to take advantage of the pandemic increase prices. In his new position as head of the International Air Transport Association, the Irish executive accused other parts of the industry of monopoly prices.
Carnival, the world’s largest cruise company, said vacation bookings in 2022 were above 2019 levels, suggesting it Pent-up demand for cruise trips despite the turbulent year. According to Carnival, bookings in the first quarter of 2021 were 90 percent higher than in the last quarter of 2020.
A huge increase in US Government Spending will stimulate the economy for at least the next two years, said Jamie Dimon, CEO of JPMorgan Chase. He told shareholders that high savings rates, stimulus programs, a potential infrastructure package and “euphoria about the end of the pandemic” would likely boost the US economy.
[ad_2]
