Peter Schiff said Next Recession Is Going To Be More Brutal

Peter Schiff said Next Recession Is Going To Be More Brutal

The current economic decisions taken by the Fed and the government has made many controversies. People did not think the Fed will have to cut the rate of interest for more than two times. While giving an interview, CEO of Euro Pacific Capital Peter Schiff said that the Fed’s decision to expand balance sheet in the form of “unofficial” quantitative easing would increase inflation. Fed’s decision is as expected, but it will create some problems in the way of recession, Peter said in an interview. He mentioned the fact that…

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IFF takes over with DuPont nutrition division in $ 26.2 billion deal

IFF takes over with DuPont nutrition division in $ 26.2 billion deal

International Flavours & Fragrances Inc. (IFF) has reached a $ 26.2 billion contract with the nutrition division of DuPont Inc. and beat the Irish Kerry Group. This deal will create a new company that includes DuPont’s nutrition business and bidder’s assets. The market value of these two new companies will reach $ 45.4 billion, DuPont shareholders will receive 55.4% of the shares, and IFF shareholders will receive 44.6%. The deal is the largest IFF in New York’s history, and the company produces flavors and fragrances for personal care, beverages, food,…

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Jack Dorsey, the CEO of Twitter is Planning an African Sojourn

Jack Dorsey, the CEO of Twitter is Planning an African Sojourn

Jack Dorsey, the CEO of Twitter and a Billionaire, is one of the busiest people in the world with the work of Payments Processor Square too. Amidst all his business, he spent the entire month of November in Africa, mainly to interact and meet with potential entrepreneurs. Further, Dorsey also publicly announced that he wanted to spend around half of the next year in Africa too. The man tweeted that he was upset because he had to leave so early this time. Along with that, he praised the development happening…

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Adobe Shopping Data Reveals 40% of the Online Black Friday Purchases Were Made with Smartphones

Adobe Shopping Data Reveals 40% of the Online Black Friday Purchases Were Made with Smartphones

Many people have purchased various products from the great Black Friday shopping sale. But most of the users have used smartphones for the buying process. According to Adobe shopping data, 39% of online Black Friday purchases have been performed with smartphones. Even more, Adobe Analytics data has revealed that Small Business Saturday has broken records with $3.6 billion in online sales. Vivek Pandya, a lead analyst at Adobe, said both large and small retailers similarly had boosted Small Business Saturday. As per the analyst, the weekend amid Black Friday sale…

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Aramco Opens Door For Foreign Investors During Its IPO

Aramco Opens Door For Foreign Investors During Its IPO

Saudi Aramco, which is one of the largest companies in the world and most prominent in Saudi Arabia, is going public for the first time. The oil giant company is trying to make its IPO bigger than anyone’s expectations by allowing foreign investors to subscribe to its shares. Foreign investors who would rather have to comply with more rules and restrictions in Saudi Arabia might not face such an issue when they are investing their money into Saudi Aramco. The financial company which is taking responsibility for the IPO of…

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Chick-fil-A Apologizes For Sending Mails To Customers To Celebrate National Sandwich Day

Chick-fil-A Apologizes For Sending Mails To Customers To Celebrate National Sandwich Day

Georgia-based chicken chain Chick-fil-A had plans to capitalize on National Sandwich Day and the marketing department even sent emails to some of its loyal customers. The email asked customers to order their favorite Chick-fil-A sandwich on November 3 for National Sandwich Day. This is a standard marketing strategy which most of the companies follow around such events. What all they need to do is to tie an action around it and create a sense of urgency. But the company apparently did not check the calendar while sending the emails to…

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Business Hiring In The US Faces The Biggest Downfall In 7 Years

Business Hiring In The US Faces The Biggest Downfall In 7 Years

A business survey has found that hiring in the USA has fallen to its lowest as compare to the last 7 years. Only a handful of employers has raised the salary of their employees, said, economists. According to the National Association of Business economists, only one-third of the companies have employed additional workers in the last three months. This figure is almost one third less than July’s statistics. The number of vacancies remained unchanged in 69 percent of companies. The business survey has stated that Job gains have fallen to…

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Dollar bounces back as the views of trade negotiations were capricious

Dollar bounces back as the views of trade negotiations were capricious

US stocks rebounded from the early sharp decline in overnight trading on Wednesday after the report indicated that the US-China trade war might make progress. According to Bloomberg News, the White House may suspend tariff increases that were scheduled to take effect next week. In addition, it may implement the currency deal with China that was previously agreed. Bloomberg said that these measures would be part of the first phase of the agreement with China. Further negotiations on key issues such as intellectual property rights and compulsory technology transfer will…

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HP Plans To Lay Off Up To 9,000 Workers As Part Of Major Restructuring

HP Plans To Lay Off Up To 9,000 Workers As Part Of Major Restructuring

HP Inc. is planning to lay off a significant portion of its workforce, as much as 16 percent, in a major restructuring plan that will save around USD 1 billion by the end of fiscal 2022, the computing and printer giant said at its annual securities-analyst meeting. The last disclosed figure about employees showed that HP had 55,000 employees as of a year ago. Which means it could slash 7,000 to 9,000 jobs over the next three years. The changes are being shepherded by incoming Chief Executive Enrique Lores who…

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China Trade Talks Set Have Set To Resume On October 10

China Trade Talks Set Have Set To Resume On October 10

The ongoing trade war tension between two large countries, the US and China are getting slow down. Because both countries officials have decided to meet for a trade talk again. The US and China have indulged themselves in a trade war for a long time, and it’s affecting both countries economy. Now a recent report shows that US-China has decided to give another chance to trade talk. Both countries officials will be meeting to discuss trade issues which they are facing for a long time. The meeting is scheduled to…

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