split

Many GOP billionaires balked at Jan. 6. They’re coming back to Trump.

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Many GOP billionaires balked at Jan. 6. They’re coming back to Trump.

Nelson Peltz expressed remorse for voting for Donald Trump after the Capitol insurrection on Jan. 6, 2021, but later had breakfast with Trump and other billionaires at his mansion in Palm Beach, Florida. Peltz has stated that he would “probably” vote for the GOP front-runner in 2024. Elite donors who were once critical of Trump are now rediscovering their affinity for him due to fears of President Biden’s tax agenda. Some billionaires are considering supporting Trump financially, including Larry Ellison and Richard Uihlein, while others like Ken Griffin and Peter Thiel remain resistant. Some tech investors and leaders in Silicon Valley who were alienated by Trump’s election-fraud crusade are now coming around to support him. Gary Cohn, who was once critical of Trump, has recently spoken positively about the former president. Robert Bigelow, who criticized Trump after the Capitol riot, has pledged million to a pro-Trump campaign group. Trump is facing financial challenges and is seeking support from wealthy donors to fund his campaign.

Tennessee lawmakers split on how and why to give businesses major tax help under fear of lawsuit

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Tennessee lawmakers split on how and why to give businesses major tax help under fear of lawsuit

Republicans in the Tennessee House and Senate are planning to offer businesses new tax help worth over billion. The Senate has passed a proposal that includes .56 billion in one-time refunds for potentially 100,000 businesses and 3 million in annual tax breaks. The House has presented a version that limits tax refunds to 0 million, requires public disclosure of businesses receiving refunds, and sets limits on suing. The debate is complicated by Tennessee’s financial situation and concerns that the state’s franchise tax may violate the U.S. Constitution’s Commerce Clause.

Euro-dollar stabilises after ECB rate cut comments

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Euro-dollar stabilises after ECB rate cut comments

The European Central Bank (ECB) is considering cutting interest rates in June, causing weakness for the Euro and depressing the EURUSD pair. ECB officials have expressed dovish views on rate cuts, while the Federal Reserve in the US seems more split on the issue. Bargain hunters may see dips in the EURUSD pair as a buying opportunity, and economists at ING expect the pair to stabilize around 1.0850.

Boeing may turn to outsider CEO to tackle spiraling crisis

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Boeing may turn to outsider CEO to tackle spiraling crisis

Boeing’s board is searching for a new CEO to replace Dave Calhoun, who is stepping down by year-end. Potential candidates include GE CEO Larry Culp, Spirit Aerosystems CEO Pat Shanahan, former Boeing CFO Greg Smith, and Boeing board member David Gitlin. Analysts suggest Boeing may prefer an outsider to bring a fresh perspective and address safety concerns. Unions at Boeing are advocating for the next CEO to be an engineer.

The fifth freedom: Corporate mobility within the EU

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The fifth freedom: Corporate mobility within the EU

The text discusses the impact of Directive (EU) 2019/2121, which amends Directive (EU) 2017/1132, on the legal and business environment in Cyprus. This Directive enhances the mobility of companies within the EU internal market by facilitating cross-border conversions, mergers, and divisions, thus acting as an extension of the freedom of establishment. It aims to promote economic growth, competitiveness, and stability within the European single market by harmonizing rules and procedures across member states. The Directive includes provisions to protect the interests of shareholders, employees, and creditors during cross-border operations. Its implementation in Cyprus is expected to increase cross-border business activity, enhance competitiveness, improve legal certainty, and ensure stakeholder protections, but it may also present challenges in terms of compliance and adaptation for Cypriot companies. The text also notes that the existing Companies Law in Cyprus, CAP 113, already regulates cross-border mergers and the transfer of company seats in line with the Directive, but the new provisions on cross-border divisions represent a significant development for the Cyprus legal corporate system.

The dangers of looking your best

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The dangers of looking your best

– Fast fashion involves making and selling cheap clothes with short lifespans at mass volumes.
– Fast fashion has significant environmental costs and can contain toxic chemicals such as PFAS, azo dyes, phthalates, and formaldehyde.
– Approximately 8,000 synthetic chemicals are used in the fast fashion manufacturing process, with residues remaining on the garments.
– Azo dyes, restricted in the EU, can be absorbed through the skin, causing health issues.
– Trainers, popular for their comfort and style, can lead to poor foot posture and the widening of feet if worn excessively.
– Platform trainers can strain the feet and gait, while sock sneakers are most likely to lead to sprained ankles.
– Waist trainers, popularized by celebrities, can improve posture but may cause water loss, muscle atrophy, gastrointestinal issues, respiratory problems, and fainting due to prolonged wear.
– Heavy earrings can cause elongation and thinning of the earlobe, potentially leading to splitting, with lobe surgery becoming a common corrective procedure.
– Large hoop earrings can get caught in hair and clothes, posing a risk of tearing the earlobe.
– Thongs can cause intimate irritation and chafing, especially if made from synthetic fabrics, but well-fitting thongs made from natural fibers can be comfortable if worn with good hygiene practices.

Stoic Sabalenka makes winning start to Miami Open

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Stoic Sabalenka makes winning start to Miami Open

Aryna Sabalenka, the world number two tennis player, won against Paula Badosa with scores of 6-4, 6-3 at the Miami Open, advancing to the third round. This match occurred shortly after the death of Sabalenka’s former boyfriend, Konstantin Koltsov. The match’s start was delayed by over six hours due to heavy rain in South Florida. Sabalenka, who is 25 years old and from Belarus, had received a bye in the first round. Despite the emotional and weather-related challenges, she performed well against Badosa, who acknowledged Sabalenka’s strength and wished her well in the tournament. Sabalenka had issued a statement expressing her heartbreak over Koltsov’s death, who was confirmed to have died after jumping off a balcony at a Miami resort, with no foul play suspected according to the Miami-Dade police department. Koltsov was a former professional hockey player who participated in the 2002 and 2010 Olympics and played for the Pittsburgh Penguins in the NHL. Sabalenka’s next opponent in the tournament is Ukraine’s Anhelina Kalinina. Additionally, on the men’s side of the Miami Open, Czech player Tomas Machac defeated the fifth seed Andrey Rublev, while American Coco Gauff won against Argentine qualifier Nadia Podoroska in the women’s category.

Dollar struggles to find demand in Fed aftermath

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Dollar struggles to find demand in Fed aftermath

– The US Dollar experienced significant losses against major rivals after the Federal Reserve left the interest rate unchanged and due to Chairman Jerome Powell’s comments on the policy outlook.
– Investors are awaiting the Bank of England’s policy announcements and S&P Global PMI data for Germany, the Euro area, the UK, and the US.
– The US economic docket will include weekly Initial Jobless Claims and Existing Home Sales data for February.
– The Federal Reserve’s Summary of Projections indicates a total of 75 basis points reduction in the policy rate expected in 2024.
– Chairman Powell noted high inflation numbers in January and February but attributed them to seasonal effects, suggesting they do not alter the disinflation narrative.
– Following the Federal Reserve event, the 10-year US Treasury bond yield approached 4.25%, Wall Street indexes rallied, and the USD Index dropped nearly 0.5%, ending a four-day winning streak.
– In Asian trading, Australian unemployment decreased to 3.7% in February, better than the expected 4%, and employment rose by 116,500, significantly above the anticipated 40,000.
– The AUDUSD pair saw gains, rising more than 0.5% above 0.6620.
– The USDJPY pair experienced fluctuations, with a notable correction below 150.50 before regaining momentum.
– The Bank of England is anticipated to maintain the policy rate at 5.25%, with market participants looking for indications on policy direction following soft UK inflation data.
– The GBPUSD rose 0.5%, trading near 1.2800.
– Gold reached a new all-time high of ,222 before retreating toward ,200.
– The EURUSD pair rallied above 1.0900, trading slightly below 1.0950.