Jesper Rangvid, a professor of finance at Copenhagen Business School, says there are some lessons to be drawn from the Danish experience for euro-zone economies.He also notes that negative bank rates aren’t the destructive force once imagined. The Fed said April 28 that while inflation has risen, the increase largely reflects “transitory factors.”Iron ore is in a dream scenario: demand, especially from China, is rampant, while supply is constrained. The firm, which had about C$2 billion ($1.6 billion) in assets under management as of December, lends to small and mid-sized companies involved in everything from milling flour to delivering groceries.In court documents, the OSC alleges the firm and senior executives mismanaged funds and failed to disclose conflicts of interest.Among the alleged conflicts, David Sharpe received C$19.5 million in undisclosed payments into his personal checking account from a company controlled by Sean McCoshen, the commission says in documents. (Bloomberg) -- Major oil producers, for decades the natural resource industry’s top earners, are being eclipsed by once-smaller mining peers who are churning out record profits thanks to red-hot metals markets.The mining windfall is the latest sign of a boom in iron ore, copper and other metals that’s sending an inflationary wave through the global economy, increasing the cost of everything from electrical wires to construction beams.In the corporate world, the top five iron ore mining companies are on track to deliver bottom-line profits of $65 billion combined this year, according to estimates compiled by Bloomberg. And the central bank issued a reminder on Friday, pointing out that its negative policy rates (which are necessitated by the krone’s peg to the euro) influence deposit and lending rates throughout the broader economy. Wary of competition from services that were invented for the mobile phone rather than the PC, founder Mark Zuckerberg has driven through a series of new initiatives in the last year designed to appeal to smartphone users. That’s likely to result in lower oil supply later this decade, which in turn could support prices.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.The firm, also owned by Saudi Arabia’s Industrialization & Energy Services Company, known as Taqa, has asked banks to pitch for a role on the potential share sale, the people said, asking not to be identified as the information is private.Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year, they said. The number of active users of Facebook (those people who have logged onto the site in the previous month) has reached a historic high of 2.45 … Is Mobile Now A More Important Ad Medium Than TV? It also hinted that politicians shouldn’t interfere in the process. It’s possible that users like Mr. Reeves and Ms. May were caught up in the sweep. All the bad press about Facebook might be catching up to the company. This article originally appeared on guardian.co.uk, Charity Calls Out Social Media For 'Slacktivism', CNN's New President — 'Twitter Is A Frenemy'. But in developed markets, other Facebook trackers are reporting declines. Why Buffett dumped Berkshire airline stock holdings at a huge loss to save the companies. Jefferies saw global numbers peak at 1.05bn a month in January, before falling by 20m in February. Facebook has a “teen problem”, the company said, adding that it expects fewer and fewer young social media users to continue to use the site in the future. Simply the discussion of capital gains reminds investors of the industry’s innate tax advantages over mutual funds.Others aren’t convinced a higher capital-gains rate will do much to boost inflows into ETFs. The company has taken numerous steps over the last several weeks and months to prepare for the election, like banning political ads after election day and cracking down on QAnon. Its preferred inflation gauge finally rose above 2% in March, clearing that level for the first time since 2018. By 2019, the industry started sharing the cost of that policy with retail depositors. The stock has dropped from $51.48 right before the ban to $47.22 as an opening price today. 42% of users have taken a break from Facebook … Amid the uncertain impacts of COVID-19, Facebook has published its latest earnings report, showing double-digit increases users and revenue – though it has warned of a more significant slowdown on the horizon.. First off, on users – Facebook added 105 million users in Q1, taking it to 2.60 billion MAU, a 10% increase YoY. Facebook is the most authoritative source on its own user numbers, and the firm will update investors on its performance for the March quarter on Wednesday. Watch SpaceX's Crew-1 mission return to Earth starting at 8:35PM ET, Tesla's Powerwall+ is a higher-power battery for off-grid living, You can drill a keyring hole in Apple's AirTags (but you probably shouldn't), SpaceX Crew-1 mission broke a spacecraft longevity record. Warren Buffett's Berkshire Hathaway Inc said on Saturday its earnings are rebounding from the worst effects of the COVID-19 pandemic and that it has extended its aggressive stock repurchases with $6.6 billion of new buybacks. We don't want to make our money selling things that are bad for people', In energy-reliant Canada, banks and investors face dilemma in meeting emissions target, Warren Buffett predicts ‘red hot’ US inflation as economy takes off, Binance Smart Chain’s Spartan Protocol Loses $30M+ in Exploit, AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie, Kiwi Plunge after Late Session Surge by US Dollar, Record Metals Prices Catapult Mining Profits Beyond Big Oil, Schlumberger-Backed Arabian Drilling Planning Saudi IPO. A spokeswoman for Facebook declined to comment. “As expected, in the third quarter of 2020, we saw Facebook DAUs and MAUs in the US & Canada decline slightly from the second quarter 2020 levels which were elevated due to the impact of the COVID-19 pandemic,” Facebook wrote in a press release. As of June 2019, Facebook reports an estimated 2.4 billion Monthly Active Users. All Innovation; 5G. The share of … He also said employers don’t seem to be bidding up wages yet.Surging commodities are adding momentum to the reflation trade. Next week is also expected to bring another robust jobs report, with forecasts calling for the second straight month of gains exceeding 900,000.Against that backdrop, the 10-year Treasury yield will likely move to 2% or higher over the next few months -- from just above 1.6% now -- and breakeven inflation rates will keep climbing, said Craig Brothers, a senior portfolio manager and co-head of fixed income at Bel Air Investment Advisors, which manages over $8 billion.“It’s sort of like the perfect storm” with “the economy getting every benefit possible as the Fed is standing aside and Washington is helping as much as they can,” he said. Facebook is still growing fast in South America: monthly visitors in Brazil were up 6% in the last month to 70m , according to SocialBakers, whose information is used by Facebook advertisers, while India has seen a 4% rise to 64m – still a fraction of the country's population, leaving room for further growth. Users are also switching off in Canada, Spain, France, Germany and Japan, where Facebook has some of its biggest followings. Facebook is the leading social media platform, reaching 59.0 percent of social media users. In 2017, 79 percent of Americans between the ages of 12 and 34 used Facebook, the data says. "There is a boredom factor where people like to try something new. He said: “This economy right now – 85pc of it is running in a super high gear. The largest Australian mining companies can pull a ton of iron ore from the ground for less than $20 a ton.Copper prices have also jumped near to all-time highs, crossing the $10,000-a-ton barrier for the first time in a decade. The uncertainty of a global pandemic and a dramatic economic rebound” has made it even harder.Ten-year TIPS provide a reasonably priced insurance policy against inflation risk over the coming decade, Remley said. As Facebook itself has warned, the time spent on its pages from those sitting in front of personal computers is declining rapidly because we are switching our screen time to smartphones and tablets. Warren Buffett conceded that selling some shares of Apple in Berkshire Hathaway's portfolio last year was likely a mistake, with the company an ongoing tech leader providing massive utility to users around the world. Ever wondered how many Americans use Facebook in 2020? According to Pivotal Research Group, advertising revenue could be up 49%, driven by international expansion and the FBX advertising exchange, which uses Facebook to target advertising related to other websites surfers have visited. A basket of base metals including aluminum, nickel, copper, tin, lead and zinc is trading at levels only reached twice in modern history: in 2007-08 and 2011.For the big five iron ore miners -- BHP Group, Rio Tinto Group, Vale SA, Anglo American Plc and Fortescue Metals Group Ltd. -- this fiscal year will be just the second time this century that they’ll out-earn their oil peers, estimates show. While the miners are already returning more cash to investors, the oil producers are only just starting to do so, after some cut dividends last year.The miners also have a better story to tell: while oil contributes to a warming world, some metals -- particularly copper -- are key to building a greener future based on electric cars.Inflation ConcernsThe mining windfall matters beyond the natural resources industry. Bridging’s investors “can no longer rely on BFI or its senior management to protect their best interests.”“Investors deserve a full investigation into the business activities of BFI and the Sharpes and to know that their investment funds are in the hands of honest, competent and responsible custodians,” the regulator added.Lack of DisclosureEntrepreneur Gary Ng, who has been accused by another Canadian investment regulator of falsifying documents and creating fake brokerage accounts to secure the money to buy one of Vancouver’s oldest investment firms, PI Financial Corp., is also mentioned in the documents.Ng bought a stake in Bridging in 2019, but the OSC alleges that more than half of the C$50 million he used for the deal came from investor funds that Bridging managed.Bridging’s funds loaned approximately C$119 million to three companies owned by Ng, without properly disclosing to investors that Ng was in negotiations to buy shares from Bridging’s main shareholders, the regulator said.The OSC also found evidence of unexplained transfers made by Ng into David Sharpe’s personal account. Globally, there’s been a net inflow into mutual and exchange-traded inflation-linked debt funds for 23 straight weeks, EPFR Global data show.The Fed is stressing that inflation’s upswing “is transitory, but we likely won’t have better clarity on this assertion until this initial economic wave from reopening has subsided,” said Jake Remley, a senior portfolio manager at Income Research + Management, which oversees $89.5 billion. We’re seeing very substantial inflation.” Rapidly rising prices are viewed with concern by investors as they can eat into returns, drive up interest rates and potentially cause long-term damage to the economy and living standards by eroding the value of workers’ wages. Over the past five months, Royal Bank of Canada (RBC), Toronto-Dominion Bank and Bank of Montreal, have announced plans to achieve net-zero emissions, but lacked details including a definition of that goal, interim reduction targets and plans to move away from traditional energy sources. “Inflation is a very difficult macro-economic phenomenon to predict in normal times. Warren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's (BRK-A, BRK-B) 2021 Annual Shareholder Meeting. “That was the fear in the beginning, and that has not happened.”Ib at Borsen says it’s not a given that Kollerup will actually intervene. Facebook cracked the 100-million-user mark on August 26, 2008. Fiscal and monetary stimulus have helped metals ranging from aluminum to iron ore, and home prices are soaring. While smartphone minutes have doubled in a year to 69 a month, that growth is not guaranteed to compensate for dwindling desktop usage. • Twitter will grow by 4.3% this year to 4.0 million users. North Carolina State Sen. Ralph Hise (R-N.C.-47) is one of the Facebook users making plans to at least have a Parler presence. McCoshen, an entrepreneur who is behind a proposed railway from Alberta to Alaska, said in a text message that the company may respond later.The securities commission says it has uncovered evidence that Bridging and certain members of its senior management -- including David and Natasha Sharpe -- breached securities laws and regulations and misled investigators about transactions.‘Serious Concerns’One of the central accusations is that Bridging misappropriated about C$35 million “to complete an acquisition for its own benefit” -- a deal with investment manager Ninepoint Partners LP for an interest in an income fund the two firms had been jointly operating.An executive at Ninepoint told the OSC that Bridging had transferred C$20 million from the income fund to pay a loan and then reversed the transaction. This month a market research firm, eMarketer, reported a decline in Facebook usage in the US, saying the typical Facebook user spent 38 minutes a day on the site, down from 41 minutes in 2017. Facebook brought in $27.2 billion in ad revenue in Q4 2020. Down from 198 to 196 million from Q2 to Q3 in 2020. By July 2010, it had half a billion users. ... and it’s angered a lot of WhatsApp users, many … With 18,747,420 users, California has the most Facebook users in the US. “What I worry about regarding inflation is that the main areas many people feel, which is in food, energy and shelter, are all going up at a very strong rate.”Refunding AnnouncementBond traders have another big event on their radar next week. Facebook has been made available in around 101 languages, with over 300,000 users using translations. 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