The Fed Meets as Economic Data Offers Surprises and Mixed Signals

Investors will scour the Federal Reserve’s policy statement and economic projections Wednesday for any hint that recent data surprises — including faster-than-expected inflation and slower job growth — have shaken up the central bank’s plans for its cheap-money policies. Economic policymakers are unlikely to make major changes at a time when interest rates are expected to stay near zero for […]

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Rocket Lab wins Mars contract

Rocket Lab has been awarded a contract to design two Photon spacecraft for a scientific mission to Mars. The “Escapade” (Escape and Plasma Acceleration and Dynamics Explorers) mission, led by the University of California, Berkeley, will see two Photons blast off for the Red Planet aboard a Nasa-provided rocket in 2024. Rocket Lab first launched a Photon – its first […]

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U.S. retail sales fall in May; producer prices increase

WASHINGTON (Reuters) – U.S. retail sales fell more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the COVID-19 pandemic.FILE PHOTO: People shop for clothes at a Target retail chain in Westbury, New York, U.S., May 20, 2021. REUTERS/Shannon Stapleton/File PhotoRetail […]

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Minister wants ‘full legislative review’ of multi billion dollar retirement village sector

The minister responsible for retirement villages has backed the Retirement Commissioner’s call for a full legislative review of the system, saying a “full legislative review” is needed. Poto Williams, Associate Housing Minister (Public Housing), responded to Retirement Commissioner Jane Wrightson’s report this month calling for an “urgent” review of law governing the sector. “I agree with the commission that the […]

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More Singapore investors putting money into making a difference: UBS survey

SINGAPORE – The Covid-19 pandemic has prompted increasing numbers of investors to put their money into social and sustainable causes, according to a new survey. It noted that around 90 per cent of Singapore respondents said they wanted investments to align with their values. The findings of the global survey come amid efforts to develop the country into a sustainability […]

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Tips on investing in ethical companies

(NYTIMES) – Vital Farms says on its website that its eggs and butter “are delicious, ethical food you don’t have to question”. But a lawsuit filed against it last month claims that its marketing has misled consumers and investors into believing they’re supporting a company that is more ethical and humane than it actually is. Vital Farms responded that it […]

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Liam Dann: Did we just have a recession? Here comes the big reveal

OPINION: Brace yourself for the big reveal. Has New Zealand been in a recession … or not? We find out on Thursday, when Stats NZ releases the official GDP figures for the first quarter. For the record, a consensus of market economists now expects the GDP figure to be positive, meaning we will have avoided recession by its most common […]

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Pulitzer Prizes Focus on Coverage of Pandemic and Law Enforcement

The Pulitzer board recognized reporting on the murder of George Floyd, including a special citation for Darnella Frazier, the teenager who filmed the killing. The public service prize went to The New York Times for Covid coverage. By Katie Robertson Pulitzer Prizes were awarded on Friday to news organizations that provided in-depth coverage of the dramatic turns of 2020, a […]

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