· Bank of Canada scales back some market operations; rates unchanged →
Canada's central bank keeps its overnight rate at the effective lower bound of 0.25% and scales back its term repo operations to once a week as short-term funding conditions have improved.
· Boris Johnson quickly drops pledge to explore extra help for migrants left destitute by benefit rules →
But, asked to provide more detail, Mr Johnson switched tack, arguing the condition did not mean the people affected were “excluded from all public funds”.
The China Post
· Trump looks elsewhere after GOP convention spat with NC gov →
But Trump will not accept renomination in the city, according to one RNC official, who was not authorized to discuss the matter publicly and spoke on condition of anonymity.
· Trump administration 'to bar Chinese passenger carriers from flying to US' →
The restrictions are expected to take effect on June 16 but the date could be moved up by Trump, the people briefed on the matter said, speaking on the condition of anonymity.
· Microsoft: Growth Beyond Expectations →
If we assume a long-term growth rate of 4.00% beyond FY 2025, and we keep the same discounting rate, disregarding any improvement in business conditions for Microsoft, we can reach a terminal value FCFF of $2,117 Billion in year 2025.
· NIO: Can Almost See The Turning Point →
This shows that the government is siding with NIO, trying to create more favorable conditions for it to thrive and that should be a huge confidence boost for the company today.
· Apple Card debuts a $50 sign-up bonus in partnership with Walgreens →
For example, Amex’s Blue Cash Everyday Card and the Capital One Quicksilver Cash Rewards Credit Card both provide a $150 statement credit when conditions are met.
· What the last 2 months of fundraising tells us about the future →
However, founders are still adjusting to the new market conditions.
· Ingevity to cut jobs under coronavirus related cost cutting plan →
Now read: Methanex: The Dividend Should Return Once Conditions Recover »
· It's hard not to see the end days of an empire, but America's friends must hope it finds a better path →
Admiral Mike Mullen, the former chief of the joint staff, writes this week: “I am not convinced that the conditions on our streets, as bad as they are, have risen to the level that justifies a heavy reliance on military troops.