May 10, 2021


Fed Says Covid Is Major Financial Risk, Asset Prices Vulnerable to ‘Significant Declines’

WASHINGTON—The Covid-19 pandemic remains one of the biggest near-term risks to the stability of the financial system, the Federal Reserve said, while noting that asset prices are vulnerable to significant declines if investor sentiment shifts.

“Should risk appetite decline from elevated levels, a range of asset prices could be vulnerable to large and sudden declines, which can lead to broader stress to the financial system,” the central bank said in its semiannual Financial Stability Report. Such scenarios could materialize if progress on containing the virus falls short of expectations or the recovery stalls, straining some households and firms, the Fed

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Crypto investors risk losing all their money

Bank of England Governor Andrew Bailey.

Simon Dawson | Bloomberg via Getty Images

LONDON — Cryptocurrencies “have no intrinsic value” and people who invest in them should be prepared to lose all their money, Bank of England (BOE) Governor Andrew Bailey said Thursday.

Digital currencies like bitcoin, ether and even dogecoin have been on a tear this year, reminding some investors of the 2017 crypto bubble in which bitcoin blasted toward $20,000, only to sink as low as $3,122 a year later.

Asked at a press conference about the rising value of cryptocurrencies on Thursday, Bailey said: “They have no

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Corporations that take a stand also take a risk

They say silence is golden, yet numerous corporations recently have voiced positions on social issues that confront America: equality, immigration, voting rights, climate change and more. It is nothing new for corporations to take a stand, but in today’s politically charged environment, doing so means taking a greater risk than ever before.

Some believe companies only act in their best interest, so if a corporation thinks more of their customers and prospects are supportive of an issue than not, it is business-wise to speak out regardless of what the decision-makers really think.

Indeed, research shows many consumers consider a company’s

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Huawei Is a Risk for Businesses as Well as Governments

Over the last few years, the Chinese firm Huawei has become an unexpected symbol of technological threat, with the United States rallying allies to limit the company’s global scope. Although it is a private firm, Chinese law and Huawei’s extensive ties to the state have both raised sharp concerns. But while foreign-policy professionals have warned about the threats Huawei represents to national security and economic integrity, the exact nature and scope of such threats remain largely speculative.

But available evidence suggests Huawei represents a serious risk not only to national security but also to commercial

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Personal and work-related factors can increase risk for neck pain

With roughly 80% of jobs being sedentary, often requiring several hours of sitting stooped in front of a computer screen, neck pain is a growing occupational hazard. Smartphones and other devices have also caused people to bend their necks for prolonged periods. But is bad posture solely to blame?

In a recent study, researchers at Texas A&M University have found that while poor neck and head postures are indeed the primary determinants of neck pain, body mass index, age and the time of the day also influence the neck’s ability to perform sustained or repeated movements.

Neck pain is

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EU chief adviser says credibility of green finance rules at risk

BRUSSELS/LONDON (Reuters) – The head of the group advising the European Union on its green finance rules has urged Brussels to resist political pressure to weaken them, saying the credibility of the regulation is at stake.

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, December 24, 2020. REUTERS/Yves Herman/File Photo

The EU is racing to meet an April 21 deadline to publish the first section of its sustainable finance taxonomy, a list of economic activities that will decide which ones can be labelled as green investments in the EU

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