April 24, 2021


Biden Bid to Raise Economic Speed Limit Gets Boost From Business

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Good timing may not be everything. But it sure does help.

That looks to be the case when it comes to President Joe Biden’s drive to reverse a decades-long decline in U.S. economic dynamism. While Biden’s efforts on their own are likely to yield only limited results, they come at a time when some economists see the U.S. as primed for a sustained run of stronger growth.

After more than a year of business restrictions

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Apple to boost ads business as iPhone changes hurt Facebook

Enlarge / Tim Cook, chief executive officer of Apple Inc., speaks about the new iPhone during an event at the Steve Jobs Theater in Cupertino, Calif. on Sept. 10, 2019.


Apple will expand its advertising business, according to two people familiar with its plans, just as it brings in new privacy rules for iPhones that are likely to cripple the ads offered by its rivals, including Facebook.

The iPhone maker already sells search ads for its App Store that allow developers to pay for the top result. In searches for “Twitter,” for example, the first result is currently TikTok.

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Carney, Kerry Launch Global Finance Plan to Boost Climate Action | Top News

LONDON (Reuters) – UN climate envoy Mark Carney and U.S. peer John Kerry on Wednesday announced a new plan to boost efforts by the financial system to help move the global economy to net zero greenhouse gas emissions.

While many large banks, insurers and asset managers have started to commit to some form of action, the frameworks used can differ and some are not rooted in climate science or backed up by interim targets between now and 2050.

To help fix the problem, the new group – Glasgow Financial Alliance for Net Zero (GFANZ) – will bring existing net zero

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Earnings should boost hot bank trades: RBC’s Gerard Cassidy

One of the year’s hottest trades may get a boost from earnings season.

RBC Capital Markets’ Gerard Cassidy expects financials to exceed Wall Street expectations when they start reporting this week.

“The big beats are likely to come from the loan loss reserve releasing numbers,” the firm’s head of U.S. bank equity strategy told CNBC’s “Trading Nation” on Friday. “Last year because of the pandemic, the banking industry set aside billions of dollars in anticipated credit losses, and the reserves for these losses weren’t used.”

Financials were the third worst performing S&P 500 group in 2020, behind energy and real

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Intern pay was meant to boost Congress’ diversity. Most of the money went to white kids

While paying interns is a start, the report argues they need to be paid more. The average intern pay was $1,986.75 in the Senate and $1,612.53 in the House, for stints that normally run five and seven weeks, respectively. Monthly rent for a barebones studio apartment in D.C. alone can run $1,600, leaving no money for other costs.

While the House has already increased the intern pay allotments to $25,000 per office and loosened some of the rules around how the money can be spent — allowing some of it to go to district office interns — Vera said more

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Local businesses hopeful Restaurant Week will provide a boost in business


Restaurant Week in The District in downtown Columbia began Monday, and local restaurants say the event could help boost businesses for the industry during the Coronavirus pandemic.

Nickie Davis with the District said restaurants are still being impacted by the pandemic while only being able to serve people at half capacity.

“A majority of them are far less than that capacity because we still need to factor in the six-foot distancing which means that some of them are at 20% capacity,” Davis said. “That doesn’t mean that their utilities went down 20%. That doesn’t mean their rent

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