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Money Stuff: SEC Sues Space SPAC

In November 2019, a special purpose acquisition company called Stable Road Acquisition Corp. went public, raising $172.5 million from investors to merge with a company to be named later. Specifically, according to the first paragraph of its prospectus, ...

The great exit: central banks line up to dial back emergency stimulus

LONDON, July 14 (Reuters) - The Reserve Bank of New Zealand on Wednesday said it would halt its pandemic-induced quantitative easing programme, becoming the latest major central bank to start exiting emergency stimulus. As major economies bounce ...

ECB Starts Next Digital-Euro Stage With Investigation Phase

The European Central Bank took a major step toward a digital euro on Wednesday, approving an "investigation phase" that could ultimately lead to a virtual currency being implemented around the middle of the decade.

Biden's executive order takes on right-to-repair. It could make fixing your smartphone easier

CNN

CNN

Many big device manufacturers have increasingly designed products to make them difficult to repair without specialized equipment and instructions — and have limited the authorized repair shops where customers can access such repairs without compromising ...

Seven months and ticking, the case for keeping Powell as Fed chair builds

WASHINGTON, July 14 (Reuters) - With the U.S. Federal Reserve in the midst of a complicated policy shift, central bank watchers see a renomination of Jerome Powell to a second 4-year term as Fed chief as increasingly likely, a view bolstered by Powell's ...

BlackRock Closes In on the Once Unthinkable, $10 Trillion in Assets

The Wall Street Journal

The Wall Street Journal

Known for its funds that track markets and trade rapidly on exchanges, BlackRock's returns reflect the market's tremendous rally since the depth of the pandemic and Chief Executive Larry Fink's push to build a company that serves nearly all types of investors.

US producer prices post biggest annual gain in more than 10-1/2 years

WASHINGTON, July 14 (Reuters) - U.S. producer prices accelerated in June, leading to the largest annual increase in more than 10-1/2 years, suggesting inflation could remain high as robust demand fueled by the economy's recovery from the COVID-19 ...

Factbox-ECB launches digital euro project

It is part of a drive by central banks to meet growing demand for electronic means of payment and tackle a boom in private sector digital currencies from bitcoin to Facebook's proposed Diem. Here's what we know so ...

Watch live: The Fed chair says inflation will likely remain high in coming months.

The New York Times

The New York Times

Price gains are up "notably," the Federal Reserve chair told House lawmakers, but that owes partly to temporary factors. Britain's annual inflation rate jumps to 2.5 percent, exceeding expectations.

Moderna's Next Act Is Using mRNA vs. Flu, Zika, HIV, and Cancer

Featured in Bloomberg Businessweek, July 19, 2021. Subscribe now. Image: 731. The speed with which Moderna and its primary mRNA competitor, a partnership between Pfizer Inc. and ...