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Business

“Payhawk, a $1 billion corporate card startup, plans M&A shopping spree after 86% sales growth”

“AMSTERDAM — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the corporate spend management world and take on big players like SAP. Bulgarian-founded Payhawk said it is looking to acquire a company or companies at… Continue Reading…

Economy, Precious Metals

“Demand for lithium and other critical minerals is skyrocketing, IEA says, but concerns over supply linger”

“…In a new report published Tuesday, the Paris-based organization said the period between 2017 and 2022 saw a “tripling in overall demand for lithium, a 70% jump in demand for cobalt, and a 40% rise in demand for nickel.”… Investment in the… Continue Reading…

Business

“Boycotts hit stocks hard. Here’s what might be next for Bud, Target and others caught in the anti-Pride backlash”

“One by one, companies have come under an expanding attack. Anheuser-Busch,Target, Kohl’s and VF Corp.’s North Face brand have all felt the vitriol of this latest push from the right. And the list keeps growing. These companies have been branded as “woke capitalists” — and… Continue Reading…

Economy

“The hidden price of eggs: How high costs may trickle into other foods”

“Consumers are paying record prices for eggs. Beyond the sticker price for a dozen eggs, there’s also a hidden expense to the soaring costs. Elevated egg prices are trickling into food items across the grocery store — namely those in… Continue Reading…

Economy

“BlackRock — the world’s largest asset manager — says central banks are ‘deliberately’ causing recessions and warns of a downturn unlike any other…”

“Many experts have already sounded the alarm on the U.S. economy. But you still want to pay attention to what BlackRock — the world’s largest asset manager — has to say for a very simple reason: it’s predicting a recession… Continue Reading…

Banking, Cryptocurrencies

“Goldman Sachs is close to offering bitcoin and other digital assets to its wealth management clients”

“Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC has learned exclusively. The bank aims to begin offering investments in the emerging asset class in the second… Continue Reading…

Cryptocurrencies

“…regulator’s blunt warning on bitcoin and other cryptocurrencies”

“The warning was prompted by firms “offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns,” the Financial Conduct Authority said. The regulator said it had five concerns: Consumer protection, price volatility, product complexity, charges and… Continue Reading…

Economy

“Trump to fight coronavirus economic impact with payroll tax cut proposal and other programs”

“President Trump and his coronavirus task force spoke to the nation again Monday night and spoke of  “major” and “very dramatic” economic plans as a result of the coronavirus outbreak. Trump said he would go to Capitol Hill on Tuesday and ask for Congress to approve a… Continue Reading…

Business, Stocks

“Uber stock tanks 6% after losing its London operating license: ‘There is a risk that other cities could follow’ (UBER)”

“Uber’s stock was set to sink Monday morning after the ride-hailing firm lost its license to operate in London. The stock was down 6.3% in premarket trading as of 10:30 a.m. in London (5:30 a.m. ET) after the regulator Transport for London… Continue Reading…