Sunday, May 16, 2021

Biden’s US$1.9 trillion stimulus won’t be enough to reignite world economy

The economic orthodoxy has long been that governments should try to balance their books and leave all the heavy lifting in managing their economies to central banks. We saw this writ large in the years after the financial crisis of 2007-09, as most major powers pursued austerity while their central banks slashed interest rates and […]

S&P 500 resumes record run on economic rebound hopes

The S&P 500 hit a record high for the fourth straight session on Tuesday as economy-linked and tech stocks gained ground on confidence that the U.S. economy is on its path to a roaring rebound. The S&P 500 and the Dow reached record levels with the CBOE volatility index retreating to pre-pandemic lows, driven by […]

Founders of LinkedIn and Zynga to buy flying taxi start-up Joby

LinkedIn co-founder Reid Hoffman and tech entrepreneur Mark Pincus are nearing a deal to merge their blank cheque company with Joby Aviation, valuing the flying taxi developer at about $5.7bn, said people briefed on the matter. Reinvent Technology Partners, their special purpose acquisition company, which raised $690m in a public listing in 2020, is finalising […]

IPOs within Europe have best start to year since 2015 with €8bn haul

A flurry of tech and ecommerce listings have given Europe’s market for initial public offerings its best start to the year since 2015, as extended pandemic lockdowns fuel investor enthusiasm for digital companies.  So far this year, companies listing on European stock exchanges including London’s have sold €8.4bn in equity through 16 deals, according to […]