PRESS DIGEST-British Business – April 23

Ruben Onsu

TipRanks

2 Dividend Stocks Yielding at Least 7%; Analyst Says ‘Buy’

The stock market pulled back from all-time highs this week, as investors paused to consider just what’s been goosing stocks – and what the future may hold. A flood of stimulus cash, unleashed by the Biden Administration’s big spending bills, is set to push GDP growth to 9% for 3Q21, but next year looks like it will slip back as the spending runs its course. Economists are predicting 5.5% GDP growth next year. This bodes poorly for cyclical stocks, which tend to reflect macro volatility. As Morgan Stanley’s chief

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Apple to boost ads business as iPhone changes hurt Facebook

Ruben Onsu
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.

Bloomberg

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

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Barron’s 100 Most Influential Women in U.S. Finance: Kim Posnett

Ruben Onsu

Kim Posnett


Courtesy of Goldman Sachs

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Innovation in technology and capital markets has been inexorably accelerated by the Covid-19 pandemic, and companies both large and small have more demanding and variable needs than ever before, says Kim Posnett,

Goldman Sachs Group’s

head of global investment banking services.

“The pace of change has never been so fast, yet it will never be this slow again,” she says.

Posnett, 43, took the top investment banking services job at

Goldman Sachs

in the fall, after 15 years rising through the ranks of the firm’s technology, media, and telecom banking division.

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Student loan forgiveness: Joe Biden’s debt plan today

Ruben Onsu

The gift of student loan debt forgiveness may be on its way.


Sarah Tew/CNET

The amount of student loan debt in the US is roughly $1.7 trillion, right behind home mortgages in consumer debt. Will President Joe Biden cancel $10,000 of student loan debt? Several members of Congress are urging Biden to forgive $50,000 per student. “America is facing a student loan time bomb,” Sen. Elizabeth Warren said during a Senate hearing on April 13. The explosion, she said, “could throw millions of families over a financial cliff.”

Provisions like a third stimulus check (and “plus-up payments

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European, Chinese and US regulatory approaches to personal data transfer and monetization | Dentons

Ruben Onsu

GDPR, PIPL and CCPA

In October 2020, China unveiled its Personal Information Protection Law (“PIPL”), the draft of a set of rules aimed at regulating privacy law.

PIPL is meant to complete China’s regulatory framework on privacy, which was launched with the 2016 Cybersecurity Law. China, like other major world powers, is fully aware that “information is power” and to be up to date as situations develop, means for them to be able not only to react quickly but also to control the nature of the information.

PIPL looks like a “little sister” to EU Regulation 2016/679 (“

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Richmond nixes Bally’s casino proposal

Ruben Onsu

Field narrowed to two options: Urban One and The Cordish Cos.

Rendering of Bally’s Corp.’s proposed casino in Richmond, now out of the running as of April 21.

The city of Richmond has cut the $650 million Bally’s casino proposal from consideration, leaving two competitors, the mayor’s office announced Wednesday morning.

The Live! Casino & Hotel proposal by Baltimore-based The Cordish Cos. and ONE Casino and Resort, proposed by Silver Spring, Maryland-based Urban One, are the only two options now being considered by an evaluation panel named by the city. According to a

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