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...complaint, where you’ll find a small but telling paragraph: While Apple’s anti-competitive conduct arguably has benefited its shareholders to the tune of over $77 billion in stock buybacks in its 2023 fiscal...
...(laughter) Claer BarrettAnd why do you say that, Ms Martin?...
...French president called for an international “new consensus” on economic policy that would not play down the role of the state and the public sector like the old “Washington consensus”, which favoured fiscal...
...Tech companies were “really sensitive” to the corporate tax increases that could be pushed by the Democrats if they control Congress, Ms Malik said, adding she was less concerned about a regulatory crackdown...
...In that scenario, value stocks “would have been boosted by the significant fiscal stimulus”, said Ms Ubaldino....
...“We were worried about a higher tax rate not just for business, but capital gains — tech was an area where we had a lot of capital gains,” said Ms Schmidt....
...The benchmark S&P 500 index gained 0.8 per cent, while the tech-heavy Nasdaq Composite rose 1.5 per cent....
...Tech stocks, particularly in the US, have underpinned much of the global rally over the past 12 months, as Covid-related lockdowns have increased reliance on their products....
...,” said Ms Alexander....
...However US tech companies are still divided, though many want a deal to avoid an avalanche of separate tax regimes in individual countries....
...Ms Somerset Webb too is a touch sceptical, saying that governments are seizing on green policies as “an excuse to have massive fiscal spending going into next year and the year after . . . probably linked...
...The tech-heavy Nasdaq fared better, gaining 0.2 per cent for the day....
...He cautioned that a rise in inflation from a big fiscal package could trigger a cyclical rotation that may hurt tech stocks that have led the market this year....
...Krishna Guha, vice-chairman at Evercore ISI, said the Fed’s “increasingly shrill calls” for more fiscal support were “shaking confidence in the outlook given near-certainty that this additional fiscal support...
...Close ties to the Li family’s Cheung Kong business empire, one of Asia’s largest conglomerates, have afforded Ms Chau introductions to emerging tech stars....
...Katy Huberty, an analyst at Morgan Stanley, estimates that Apple will sell 220m iPhones in the fiscal year that began this month — a 22 per cent jump from the previous year — and that annual revenue will...
...Hopes for fresh stimulus faded further after Ms Pelosi, in a television appearance, called Mr Trump’s decision to cease negotiations until after the election a “terrible mistake” that reflected “erratic...
...Gains for bank stocks helped the S&P 500 index to rise 0.5 per cent, erasing morning losses, while the tech-heavy Nasdaq Composite gained 0.2 per cent....
...Ms Pelosi had at the weekend said there had to be clarity on an agreement by Tuesday in order for a package to be passed before voters headed to the polls....
...At the same time, a new president is being sworn in, one who looks likely to back a barbed bundle of regulation for the tech giants that are driving overvaluation; one who has promised sharp rises in taxation...
...US stocks rose as Ms Yellen made the case for large-scale fiscal stimulus....
...This time fiscal policy is expected to play a lead role in generating growth, as the central bank seeks a return to a more normalised monetary policy....
...Thanks to worldwide monetary easing and fiscal stimuli that generated money for investment, global stock markets have recovered faster than real economies....
...Ms Merkel’s conversion during the Covid crisis has taken the EU one step closer to fiscal integration....
...The tech-focused Nasdaq Composite climbed by a larger magnitude, gaining 1.4 per cent....
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