Elon Musk has become the second richest person in the world this year thanks to the phenomenal growth in Tesla stock prices

He is now affiliated with Bill Gates, according to Bloomberg’s Billionaire Index The net worth of both billionaires is $ 128 billion (AU $ 174 billion)

The Tesla founder’s net worth has soared a staggering $ 100 billion this year – an increase of 364 percent. Most recently, his net worth rose by $ 72 trillion

Two Words: Tesla Stocks Bloomberg says three-quarters of Musk’s fortune comes from Tesla stock prices Instead of a salary, he ties his compensation to the company’s shares. The market value of his electric vehicle maker has exceeded $ 526 billion

In January, a single Tesla share was worth $ 6727 It’s now worth $ 55538, a staggering 830 percent jump

The company’s share price has also seen a sharp surge recently on the back of Joe Biden’s US election victory. The president-elect is a vocal advocate of green and renewable energy, which is good news for electric vehicles

Although Tesla had some production issues, Tesla has ramped up production of its popular electric cars The Model 3 is now the best-selling luxury car in America

Musk predicted last year that Tesla’s market cap would hit $ 500 billion due to its self-driving cars, even though the company is still developing that software, Business Insider reported

Musk’s wealth puts him in second place behind Amazon CEO Jeff Bezos, who is worth $ 182 billion

Gates held the title of the richest man in the world for years before Bezos took the title away from him, but Gates has donated billions of dollars to charity for years Celebrity Net Worth estimates he’s given more than $ 50 billion since 1994

Want to hear Australian influencers share their best finance tips? Join the Broke Millennials Club on Facebook and get one hot tip a day in December

And if you want 2021 to be your best (financial) year yet, follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter and subscribe to the free daily newsletter with full briefing here

The US. The Centers for Disease Control and Prevention (CDC) has set out to reduce quarantine requirements for people who may be exposed to the virus from 14 days to 7-10 days

The “Starch Derivatives Market by Type (Glucose Syrup, Modified Starch, Maltodextrin, Hydrolyzate, Cyclodextrin), Raw Material (Corn, Cassava, Potato, Wheat), Application (Food & Beverages, Industry and Animal Feed), Shape, and Region – Global Forecast to 2025 “The report has been added to ResearchAndMarketscom Offer

Tesla Inc plans to begin manufacturing electric vehicle (EV) chargers in China in 2021 This emerges from a document that the U submitted to the Shanghai authorities Company looking to expand sales in the world’s largest auto market Tesla, which is now selling its Model 3 electric cars in China and plans to ship its Model Y sport utility vehicles in 2021, plans to allocate 42 million yuan ($ 6) invest 4 million) in a new factory to manufacture the chargers, also known as charging stacks, near their car plant in Shanghai, the document seen by Reuters reads

(Bloomberg) – Dell Technologies Inc and HP Inc Reported Quarterly Revenues That Bumped Wall Street Estimates, Boosted by Customer Upgrades of Remote Work and School PCs During the Pandemic Dell’s revenue rose 28% to $ 235 billion in the period ended Oct. 30, the Round Rock said, Texas-based company on Tuesday in a statement from Rival HP reported that it shipped a record 19 million PCs in the last quarter, as well as more home printers than it has sold in years, HP also announced an earnings forecast for the current period, which the forecasts The analysts surpassed, and said the quarterly dividend would be increased by 10% Michael Dell and Enrique Lores, HP’s chief executive officer, are trying to turn their PC makers into more profitable businesses. Both companies have taken steps to reduce operating costs during the Lower pandemic, and better-than-forecast earnings in October quarter The Billionaire Dell is trying to generate more predictable, recurring revenue by paying enterprise customers over time, not upfront, for products. Meanwhile, Lores oversees a business restructuring that will result in lower costs and a smaller workforce. “We’re very optimistic about where the company is going in the future next quarters and years will go, “Lores said in an interview. HP stock rose roughly 5% in New York trading, aided by the company’s announcement that it would raise its quarterly dividend to 1938 cents per share on Dell stock fell roughly 2%, shares are up more than 30% so far this year, HP’s revenue declined 1% to $ 15 billion in the period ended October 31, the Palo Alto, Calif.-based company said in a statement to analysts expected an average of $ 14.7 billion, according to Bloomberg. Profit excluding some items was in the fourth store Fiscal quarter 62 cents per share, while analysts were forecasting 52 cents Adjusted earnings for the current quarter will be between 64 and 70 cents per share, according to HP Analysts estimated an average of 54 cents Dell’s consumer PC sales rose 14% to $ 3.5 billion In the third quarter of fiscal year, the company said PC sales to business and government customers rose 54% to $ 8.88 billion. Server and network sales declined 1.8% to $ 4.16 billion for the seventh straight quarter for the year Unit executives said they expect data center soft spending to continue for the current period Storage hardware revenue declined 7% to $ 3.86 billion “I am generally happy with business performance,” said Tom Sweet, Dell chief financial officer , in an interview “We have to continue to work our way through the uncertain environment due to our broad, diversified por portfolio, we are able to achieve consistent stable cash flow and results Dell announced that sales in the current period will increase 3 to 4% compared to the third quarter Sales of HP Personal Systems, mostly computers, have been up against Little Change from Last Year at $ 10.4 billion Consumer revenue grew 24% while corporate sales fell 12% Printing sales fell 3% to $ 4.8 billion The company saw consumer hardware sales jump 21% % and Business Hardware Sales Down 22% While corporate customers are not buying printers with closed offices or reduced capacity, demand from consumers working at home was so high that HP shipped 12 million printers in the quarter, according to Lores has – the highest number since the company split from Hewlett Packard Enterprise Co in 2015 (Updated stock prices in the fifth paragraph) For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with the most trusted business news source © 2020 Bloomberg LP

CHICAGO, Nov Feb. 25, 2020 (GLOBE NEWSWIRE) – Cosmos Holdings, Inc (“The Company”) (OTCQX: COSM), a vertically integrated international pharmaceutical company with its own line of branded and generic pharmaceuticals, nutraceuticals, OTC drugs, and an extensive, established EU distribution network, announced today that it is qualified for trading on the Internet OTCQX® Best Market: The company has upgraded from the OTCQB® Venture Market to OTCQX and is starting trading on OTCQX today under the symbol “COSM” US. Investors can find the latest financial information and real-time Level 2 offers for the company at wwwotcmarketscom “Trading on OTCQX is an important step in our growth plan to bring Cosmos Holdings, Inc a truly global company, ”said Greg Siokas, CEO of Cosmos Holdings, Inc “We believe the OTCQX market will improve our visibility for US Investors We are confident that trading OTCQX will help us expand our shareholder base, expand our exposure and increase our liquidity. This is a great day for the company and I am proud of the team that made this possible ” Upgrading to the OTCQX market is an important step for companies looking to offer transparent trading for their US Investors To qualify for OTCQX, companies must meet high financial standards, follow corporate governance best practice, and demonstrate compliance with applicable securities laws Cosmos Holdings, Inc sells and distributes its pharmaceuticals, generic and OTC products through its wholly owned subsidiary CosmoFarm, which flips its inventory between 12 and 18 times per year.The company has exclusive distribution rights to 47 generic licenses, all owned by an affiliate, DOC Pharma S. , are and are manufactured by one and for high-end nutraceuticals from “Sky Premium Life” a complete portfolio of fast-moving and special formula products (60 SKUs). The company has direct access to Europe’s main sales channels for pharmaceuticals and nutraceuticals and has relationships with 160 pharmaceutical wholesalers in Europe’s largest markets Cosmos Holdings, Inc sold directly to 1500 pharmacies with access to more than 40000 pharmacies For more information, visit wwwcosmosholdingsinccom November 2020, Cosmos Holdings, Inc announced record results for the third quarter and nine-month period ended Jan. Operating income rose 48 percent to $ 1435 million from $ 968 million for the three months ended September 30, 2020 September 2019; Revenue for the nine months increased 40 percent to $ 3910 million from $ 2788 million for the same period last year November 2020, Cosmos Holdings, Inc Announced veteran entrepreneur David Lowenstein, 58, has agreed to join its board of directors, and the company also has an advisory agreement with Mr. Lowenstein’s advisory business, Hyper Enterprises, an Ontario company, advises and supports mergers, acquisitions, capital markets and strategies, Am 16 October 2020, Cosmos Holdings, Inc announced that it has entered into a consultancy agreement with PGS Ventures B. (PGS) to advise the company on senior exchange listing strategies. Peter Goldstein, the director and principal of PGS, has been appointed executive director of Cosmos Holdings, Inc Appointed The Board of Directors of Cosmos Holdings, IncCosmos Holdings Inc is an international pharmaceutical company with its own line of branded and generic, nutraceutical, OTC drugs and medical devices as well as an extensive, established EU distribution network.The company identifies, acquires, develops and markets products that improve the lives and outcomes of patients Cosmos Holdings has offices and distribution centers in Thessaloniki, Greece and Harlow, UK. Press release DisclaimerCosmos Holdings, Inc assumes no responsibility for updating the information contained in this press release after the date of this document to reflect events or circumstances occurring after the date of this document or the occurrence of unexpected events, or for changes or modifications that may appear in this press release or the herein Forward-Looking Statements Except for the historical information contained in this press release, the matters described herein could constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and section 21E of the Securities Exchange Act of 1934, as amended, contains statements that include the words “believe,” “expect,” “anticipate,” “intend,” “projects,” “estimates,” “plans,” and similar expressions, or future Verbs such as “will,” “should,” “would,” “may,” and “might” are generally forward-looking and not historical facts, although not all forward-looking statements contain the foregoing. These statements involve unknown risks and uncertainties that may arise May individually or materially affect the matters discussed herein for various reasons beyond the control of the Company, including, but not limited to, the Company’s ability to raise sufficient funds to execute its business plan, the effects of the COVID-19 pandemic on the business, operations, and economy of the company in general, and the company’s ability to successfully develop and commercialize its own products and technologies.Readers are cautioned not to place undue reliance on these forward-looking statements because of actual results received Results may differ from those described in the forward-looking statements contained herein. Readers are invited to read the risk factors identified in the company’s SEC filings on the SEC’s website (www.sekgov). The company disclaims any intent or any obligation to update or revise any forward-looking statements as a result of new information, future events, or for any other reason. Investor Relations Michael J Porter, President Porter, LeVay & Rose, Inc T: (973) 865-9357 E: mike @ plrinvestcom LinkedIn @PlRinvest Cosmos Holdings 1 312 536 3102 info @ cosmosholdcom 141 West Jackson Blvd, Suite 4236 Chicago, IL 60604

Square, Inc (NYSE: SQ) has entered into a definitive agreement with Credit Karma to acquire the tax business Credit Karma Tax on behalf of Cash App, the financial services app that allows individuals to spend, send, save, and invest with Square pays $ 50 million in cash for Credit Karma Tax, which offers consumers a free, do-it-yourself tax return service

(Bloomberg) – US. Stocks retreated from the records as investors watched with watchful eyes a series of data suggesting a possible slowdown in economic growth, government bonds rose multiple times, and the S&P 500 index opened slightly lower after hitting an all-time high on It remains on track for its best month since April U.S. Markets are closed on Thursday for bank holidays resulting in a flood of data that brought the first direct surge in weekly U.S. Unemployment claims since July, a surge in durable goods orders and a growing trade deficit. As a result, Gap Inc Stocks fell after apparel retailer’s third-quarter results fell short of estimates Mediocre economic data tarnished positive vaccine news and the formal start of a change in power for President-elect Joe Biden – including the election of Janet Yellen as Treasury Secretary – adding to optimism about the outlook At the same time, restrictions to contain rising coronavirus cases threaten to slow the world’s economic recovery.An MSCI indicator on global stocks stalled on Wednesday after rising 13% in November and still on its best month since In 1988, “We will remain on fragile foundations through the winter as cases continue to increase worldwide,” said Mike Loewengart, managing director of investment strategy at E * Trade Financial. “And since the markets are forward-looking, these data are likely to be taken into account Markets tend to cheer for certainty, so the transition to president and the development of vaccines are two factors they have settled on lately.In Europe, the Stoxx Europe 600 index fell as cyclical companies like mining and energy companies declined, offsetting advances in defense measures including utility stocks, ABN Amro Bank NV and Commerzbank AG fell more than 3%, leading euro area lenders down after the European Central Bank announced the industry was likely Must put more money aside to make up for losses when government pandemic support endsS. Economic data on Wednesday, traders will also keep an eye on the minutes of the latest Federal Open Market Committee meeting. “Now, a major event risk lies ahead: FOMC minutes,” said Ilya Spivak, director of Asia-Pacific strategist at DailyFX. “The concern is That the Fed is continuing to signal that it is sticking to a hands-off stance No tightening but no new easing either.In other countries, New York oil prices were around $ 45 a barrel, and copper briefly hit its highest level since 2014 Bitcoin was above 19000 US dollars, a value it had not exceeded since 2017 Here are some key events: The minutes of the last meeting of the Federal Open Market Committee are due on Wednesday, On Thursday there will be a political decision and a briefing by the Bank of KoreaUS. celebrates Thanksgiving on Thursday The week ends with Black Friday, the traditional start of the U.S. Here are the key moves in the markets: Stocks The S&P 500 Index fell 02% from 9:31 am New York time The Stoxx Europe 600 Index fell 02% The MSCI Asia Pacific Index was barely changed The MSCI Emerging Market Index fell 04% Currencies The Bloomberg Dollar Spot Index has barely changed The euro gained 01% to USD 1 1901 The British pound fell 02% to USD 1 3334 The onshore yuan rose 0 to 3% to 6574 per dollar The Japanese yen barely changed at 104 43 per dollar Bonds The yield 10 -year government bonds decreased by one basis point to 087% The yield on two-year government bonds decreased by less than one basis point to 0.16% The 10-year rate of Germany fell by one basis point to -058% The 10-year rate of the UK decreased three basis points down to 0.304% Japan’s 10-year yield fell less than one basis point to 0021% CommoditiesWest Texas Intermediate Crude Oil gained 08% to 45 USD25 e in FassBrent crude oil gained 08% to 48 USD23 a FassGold increased 03% to 1For more items like this, please visit us on BloombergcomSubscribe now to stay ahead of the game with most trusted business news source © 2020 Bloomberg LP

The Home Office plans to charter a deportation flight to Jamaica before Christmas turns life into danger as the Covid-19 pandemic rages on, activists have warned

Arianna O’Dell, a 30-year-old entrepreneur and songwriter from New York City, had a turbulent four-year journey into cryptocurrency before selling her investments in February, and O’Dell may not have made optimal decisions about when supposed to buy or sell, and missed the recent rally – but says she has no regrets in 2Investing $ 705 in her business is better than enduring the stress of daily fluctuations, although the price has doubled since then, she said

These digital documents companies are growing rapidly. Are you getting an edge on your investment funds?

The propane market is projected to have spending growth of more than 22 billion between 2020 and 2024 USD is trading at a CAGR above 2.92%

Black Friday Fitbit Deals Are Live, Browse All Top Black Friday Fitbit Versa 3, 2 & Lite, Sense, Inspire 2 & For More Discounts On This Page

Black Friday GoPro HERO 7 Silver and Black Deals for 2020, including the GoPro HERO 7 Bundle Deals

Black Friday soundbar deals for 2020 have landed Check the best savings for Black Friday Bose (700, 500 & 200) and Roku & Samsung Soundbar on this page Here is a list of the latest soundbar speaker deals for Black Friday 2020 including Best Sales On Sonos, Roky & Samsung Click the Links Below for the Full Range of Best Soundbar Deals: * Save Up 50% off soundbars from top brands like Samsung, Bose and LG & Vizio on Amazon – Click the link for the latest deals on a wide variety of TV Soundbars * Save up to $ 200 on a wide variety of soundbars at Walmart – Check live prices on soundbars from trusted brands like Samsung, LG, Bose and Vizio & Sonos * Buy the latest Sonos Beam & Sonos Arc -Soundbars at Sonoscom * Save on the latest Sonos soundbars, including Sonos Beam on Amazon – Check out the latest prices on the best-selling Sonos Beam and premium Sonos soundbars and TV speakers * Save up to 40% on & Home Theater Set for Samsung Soundbars -ups at Amazon – Check Live Prices for a Wide Range of Samsung Soundbars and Home Theater Surround Sound Systems * Save up to $ 225 on Samsung soundbars & home surround sound systems at Walmart * Save up to 40% on Bose Soundbars at Walmart – Click the link for the latest deals on the latest Bose 700, 500 & 300 Soundbars, TV Speakers and Solo TV Soundbar Systems * Save up to $ 50 on Bose soundbars, including the Bose 700, 500 & 300 soundbars on Amazon The latest Bose soundbars * Save up to $ 150 on the latest Bose soundbars at Bosecom – Check out the latest deals on top of the line Bose soundbars like the Bose Soundbar 500 * Save on Roku Soundbars & Smart Speakers on Amazon * Save up to 67% on Vizio Soundbars & Home Theater Systems on Walmart Need More Deals? Check out Walmart’s Black Friday Deals for Days sales event and Amazon Black Friday deals to compare more live discounts Save Bubble earns commissions from purchases made through the links provided Soundbars are a relatively new addition to home entertainment Systems These audio devices enhance the overall experience of watching high definition video on HD, UHD and 4K TVs with clearer and fuller sound quality than can be achieved with widescreen monitors. Top soundbar brands include Bose, Sonos, Samsung and Vizio Each offers an extensive selection of high quality products at different prices About Save Bubble: Save Bubble summarizes the latest online sales news As an Amazon Associate and Partner, Save Bubble makes qualified purchasesContact: Andy Mathews (andy @ nicenetworkcom)

(Bloomberg) – Applications for US. State unemployment benefits unexpectedly rose for a second straight week in the first spike since July Data suggests soaring coronavirus cases and new lockdowns are sparking a new wave of layoffs Initial jobless claims in regular state programs rose by 30 in the week leading up to November000 to 778000 21, according to the Ministry of Labor Wednesday, disregarding seasonal fluctuations, the number rose by around 78 during the week000Follow the reaction in real time here on Bloomberg’s TOPLive blog Ongoing entitlements – Americans’ total pool of ongoing government unemployment benefits – went down 299000 back to 6.07 million in the week ending Nov. 14 But the number of Americans participating in an expanded aid program continued to rise, a sign that more people have been taking up regular government benefits, the key numbers compared to economists’ projections for 730000 initial filings and 6 million ongoing filings, based on median estimates in Bloomberg polls, the successive increase in claims shows that the coronavirus is threatening to halt an economic recovery that slowed from a breakneck pace as early as the third quarter Some economists forecast a decline in the first quarter. The labor market faces additional hurdles as states and cities restrict business activity and increase hospitalizations. “Persistent weakness in the labor market will drive the entire economy down,” said Catherine Mann, global chief economist Citigroup Incsaid on Bloomberg TelevisionSeveral states saw a significant increase in initial filings, led by Illinois, where Chicago issued a home stay recommendation as of last week. Michigan, Washington, New Mexico, California and Minnesota also reported higher filings in U.S. Equities initially fell lower, with 10-year government bond yields lower as the dollar fluctuated Continuing claims for Pandemic Unemployment Assistance, which provides benefits for the self-employed and gig workers, rose by about 466000 to 915 million The pandemic unemployment benefit, which provides payments to the long-term unemployed, has been used by 4.51 million Americans These two programs expire at the end of the year and many remain without government aid In other economic data released Wednesday: US. Durable goods orders rose faster than expected in October, aided by demand for computers and metals, underscoring a manufacturing sector that continues to prop up the economy as the economy expanded at a record 331% annualized pace in the third quarter, not revised by the first readingThe US The goods trade deficit widened in October as imports peaked in more than a year and surpassed export appreciation Reports due at 10 a.m. Washington Time for Personal Income and Spending, New Home Sales, and Consumer Sentiment (Open Market Updates In a previous version corrected the third paragraph to remove the reference to the survey period for the monthly job report) For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the curve with the most trusted business news source © 2020 Bloomberg L.P

Souring Financials Crushed By Rail Operators Plans To Expand Railway Fleet Rail Wheel & Axle Sales Down -7 1% Global Rail Wheel Market & Axle Expected To Fall -7New York, Nov. 25, 2020 (GLOBE NEWSWIRE) – Reportlinkercom Announces Publication of Global Rail Wheel and Axle Industry Report – https: // wwwreportlinkercom / p05900178 /? utm_source = GNW 1% in 2020 and recovers thereafter to reach $ 4.2 billion by 2027, followed by a COVID-19 CAGR of 44% in the analysis period 2020 to 2027 of the COVID-19 outbreak and its related Restrictions on travel and movement have severely affected transport links between regions The pandemic caused different countries to close borders on passenger traffic and differently ban freight traffic The effects of the COVID-19 pandemic on train operators around the world have already been serious Um To contain the spread of the virus, countries around the world have restricted the movement of people and goods along their borders. Economic conditions are directly related to the movement of goods & Rail freight transport is the barometer of economic conditions Globally imposed border closings and travel restrictions are likely to reduce global trade in goods by over 28% in 2020 As global supply chains are disrupted, rail transport is being driven by petroleum products, coal, chemicals, minerals, & metals, etc. is massively affected With the world in a steep recession at -49% GDP, consumer demand & production remains subdued, which destroys all hopes for a rapid recovery of & transport in trade and logistics. In addition, rail passenger transport was severely affected as all non-essential travel plans have been put on hold Decreased rail traffic numbers are a common thread around the world Bans and interstate restrictions have disrupted rail traffic A virus-induced recession combined with the decline in production output also leads to enormous traffic losses The feeling of the impact of the disruption is the Upstream locomotive production including rail wheel and axle In all countries, railways are downsizing and closing shipyards, as unused locomotives drive up the loss of income. The freight companies are getting worse because of the low margins Under pressure in the transport sector, for example, a possible reintroduction of lockdowns in anticipation of the coronavirus recurrence in the fall could result in a 40% drop in passenger traffic for 2020, while freight traffic across the European continent is expected to decrease by 20% in the outbreak COVID-19 is having a significant impact on the freight and logistics industries as rising costs and capacity reductions have a significant impact on industry activity.In the US, for example, intermodal rail transport declined by about 50% in the first quarter of 2020 as global supply chains were affected by the virus outbreak affected, it will have a significant impact on shippers in terms of capacity and pricing In the post-COVID-19 era, however, the railways are expected to recover, the travel mode is expected to be driven by the resurgence of the domestic tourism market nac h Benefit of the COVID-19 phase Rail is likely to be considered by a large number of customers for regional travel to neighboring destinations Rail is expected to be a perfect option compared to slow sea journeys and expensive flights as opposed to airlines , which are expected to see tax increases from various governments, the railways are expected to benefit from several initiatives The rail is likely to benefit significantly from technological advances such as the hyper-loop, which aims to reduce travel time and increase the popularity of rail holidays The concept of the Rail holidays are also expected to undermine the share of the cruise industry.The COVID-19 pandemic is set to accelerate the transition of passengers from other modes of transport to rail in the coming years.In addition, the consistent focus on limiting CO2 emissions is expected by the year r in 2050 will bring more passengers to pay more attention to trains The trend is likely to intensify with the availability of high-speed trains in China and Europe for business and leisure activities, which is expected to reduce the growth in air traffic as early as the second half of 2020 More freight trains between Europe and China Freight trains and the number of containers saw remarkable growth in the third quarter of 2020.The profits recorded for rail freight are attributed to the clear advantages over other modes of transport.While the use of fewer workers requires fewer quarantine controls, one makes a significantly higher one In addition, the level crossing is relatively easier and more effective, reducing the risk of the spread of COVID-19 causing the pandemic e major disruptions in landlocked countries affected by high transport costs The use of international rail freight is intended to help these countries minimize disruptions and recover quickly in the post-COVID-19 scenario.In addition, rail freight is being used extensively for the transport of medical care along with other key products deployed in several European countries Rail operators are proactively implementing desirable measures to mitigate the impact of the outbreak While Russian Railways has announced an emergency center to assist shippers and encourage coordination between different components of the transport chain, Turkish Railways is tracking the transport of certain goods with Iran without human contact. On the other hand, Uzbekistan Railways has developed a software solution that allows customers to receive preliminary electronic information on the rail ne can process and supply transferred goods. Competitors identified in this market include * Amsted Rail * ArcelorMittal SA * Bharat Forge Limited * Bombardier, Inc * Bonatrans Group AS. * CAF USA Inc * Comsteel * CRRC Sifang Co, GmbH * Kolowag * Lucchini RS SpA * Maanshan Eisen & Steel Co, GmbH * Nippon Steel & Sumitomo Metal Corporation * Rail Wheel Factory * Semco India (P) Ltd * Simmons Machine Tool Corporation * United Metallurgical Company (OMK) * VELTRUP Technik Philippines, Inc Read the full report: https: // wwwreportlinkercom / p05900178 /? utm_source = GNW I INTRODUCTION, METHODOLOGY & REPORT SCOPE I-1 II EXECUTIVE SUMMARY II-1 1 MARKET OVERVIEW II-1 Effects of the COVID-19 pandemic and the looming economic recession II-1 Figure 1: COVID-19 effects on railways: change Year-on-year (%) for rail freight transport and passenger transport in Europe for 2020 and 2021 II-2 Rail freight transport Transport is coming under pressure due to the COVID-19 pandemic II-2 Annex 2: Impairment of the decline in rail freight as COVID-19 disrupts transport routes: Growth in rail freight traffic in the USA (in%) II-4 railways recover after the COVID-19 era II-4 Amid the COVID-19 Pandemic, potential opportunities arise in international rail transport II-5 Rail wheel and axle: An introduction II-5 Development of the rail wheel II-6 World market outlook & perspectives II-6 Asian economies offer lucrative growth opportunities II-8 Competition II-8 Selected innovations in rail wheels II-9 Current market activity II-9 2 FOCUS ON SELECTED PLAYERS II-10 3 MARKET TRENDS & DRIVERS II-11 Increase in new railway projects and the associated increase in the production of locomotives and bogies are driving the demand for rail wheels and axes II-11 A snapshot of selected ongoing & projects in the coming years with a focus on rail freight transport II-12 Anst The rise of rail passenger and freight transport leads to market growth II-12 Figure 3: Global rail passenger transport (in billions of passenger kilometers) by region for 2018 and 2019 II-13 Development of urban rail transport infrastructure offers growth prospects for rail wheels & axle market II- 14 A snapshot of selected upcoming ones Metro projects II-15 Figure 4: Global investments in light rail and metro projects (in billion US dollars) by region for the period 2019-2025 II-15 Expansion of the metro network increases demand after underground trains Wheels II-16 with rail freight transport as an indispensable part of the global logistics chain, long-term initiatives for network expansion Good sign for the market II-16 Figure 5: Global market size for rail freight transport in million USD by region / country for 2020 and 2027 II-18 World trade flows determine the growth dynamics of the rail freight transport market and set trends in the rail wheel axle market II-19 Figure 6: Volume growth in global goods trade (in%) by region for the period 2018-2020 II-20 Figure 7: Volume growth in global goods trade imports (in%) by region for the development 2018-2020 II-20 of the Europe-Asia railway line and the resulting increase in trade flows are good for the market II-21 The increasing electrification of railway lines in developing countries offers growth opportunities II-21 The need to replace aging diesel locomotives to reduce emissions supports market growth II-22 Smart urban spaces and focus on intelligent rail infrastructure: Potential for growth II-22 As governments focus on the development of high-speed and high-speed trains, rail wheels and Axis mark n focus et to Benefit II-24 Figure 8: The worldwide use of high-speed lines to selected leading countries II-25 Aftermarket segment that is to benefit from the growing demand for rail wheel machining II-26 The introduction of solar-powered trains is a potential driving force II- 26 R&D Efforts by manufacturers to focus on the development of lightweight rail wheels & axes II-27 Rail operators rely on advanced vibration sensors to detect wheel planes II-27 Laser triangulation sensors offer convincing options for measuring the lateral positions of rail bogie wheels II -28 Bayesian DLM presents an effective option for real-time detection of wheel errors in high-speed trains II-28 with few countries on the way to alternative rail technologies such as Maglev, challenges for rail wheels & Achsmarkt II-29 4 PERSPECTIVE OF THE GLOBAL MARKET II-30 Table 1: Worldwide current & future analysis for rail wheels and axles by geographic region – Markets in the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East and Africa – Independent analysis of the annual sales in US thousands Dollars for the years 2020 to 2027 II-30 Table 2: World historical review of rail wheels and axles by geographic region – US, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa markets – Independent analysis of the Annual sales in thousands of US dollars for the years 2012 to 2019 II-31 Table 3: Worldwide 15-year perspective for rail wheels and axles by geographic region – Percentage breakdown of value sales for USA, Canada, Japan, China, Europe, markets in Asia-Pacific, Latin America, the Middle East and Africa for the years 2012, 2020 & 2027 II-32 Table 4: World current & future analysis for full axes nac h Geographic Regions – United States, Canada, Japan, China, Europe, Asia Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Revenue in Thousands of US Dollars for the Years 2020 to 2027 II-33 Table 5: World Historical Overview of Solid Axes by Geographical Regions – USA, Canada, Japan, China, Markets in Europe, Asia-Pacific, Latin America, the Middle East and Africa – Independent analysis of annual sales in thousands of US dollars for the years 2012 to 2019 II-34 Table 6: Worldwide 15-Year Perspective for Full Axles by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for 2012 , 2020 & 2027 II-35 Table 7: World current & future analysis for hollow axles by geographic region – markets USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2020 to 2027 II-36 Table 8: World Historic Review for Hollow Axles by Geographic Region – Markets in the US, Canada, Japan, China, Europe, Asia-Pacific Area, Latin America, Middle East and Africa – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2012 to 2019 II-37 Table 9: World 15-Year Perspective for Hollow Axles by Geographic Region – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East and Africa for the years 2012, 2020 & 2027 II-38 Table 10: Worldwide current & future analysis for long-distance trains by geographic region – markets in the USA , Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East and Africa – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2020 to 2027 II-39 Table 11: World Historical Overview of Main Features by Geographic Region – Markets in the United States, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East and Africa – Independent analysis of annual sales in US Dollar Housand for the years 2012 to 2019 II-40 Table 12: Worldwide 15-year perspective for long-distance trains by geographical region – Percentage breakdown of value sales for the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East and Africa for 2012, 2020 & 2027 II-41 Table 13: Worldwide current & future analysis for freight trains by geographic region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa – independent analysis of annual sales in thousands of US dollars for the years 2020 to 2027 II-42 Table 14: World historical overview of freight trains by geographic region – USA, Canada, Japan, China, Europe, Asia – Pacific, Latin America, Middle East and Africa Markets – Independent Analysis of Annual Revenue in Thousands of US Dollars for the Years 2012 to 2019 II-43 Table 15: Worldwide 15-Year Perspective for Freight Trains by Geographic Region – Percentage breakdown of value sales for USA , Canada a, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for the years 2012, 2020 & 2027 II-44 Table 16: World-current & future analysis for subways by geographic region – USA, Canada, Japan, Markets in China, Europe, Asia-Pacific, Latin America, the Middle East and Africa – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2020 to 2027 II-45 Table 17: World Historical Overview of U- Railways by geographic region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa – Independent analysis of annual sales in thousands of US dollars for the years 2012-20 19 II-46 Table 18: Worldwide 15-Year Perspective for Subways by Geographical Characteristics Region – Percentage breakdown of value sales for the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East and Africa for the Years 2012, 2020 & 2027 II-47 Table 19: Welt aktuell & future analysis for Very H Bullet Trains by Geographic Region – US, Canada, Japan, China, Europe, Asia Pacific, Latin America, Middle East, and Africa Markets – Independent Analysis of Annual Revenue in Thousands of US Dollars for 2020 to 2027 II -48 Table 20: World Historical Review of Very Fast Trains by Geographic Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa – Independent analysis of annual sales in thousands of US dollars for the years 2012 to 2019 II -49 Table 21: Worldwide 15 Year Perspective for Very High Speed ​​Trains by Geographic Area – Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia Pacific, Latin America, Middle East and Africa for the years 2012; 2020 & 2027 II-50 Table 22: Worldwide Current & Future Analysis for Other Applications by Geographic Region – Markets in the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, the Middle East and Africa – Independent Analysis Annual Revenue in Thousands of US Dollars for the Years 2020 to 2027 II-51 Table 23: World Historical Overview for Other Applications by Geographic Region – USA, Canada, Japan, China, Europe, Asia Pacific, Latin America, Middle East and Africa Markets – Independent analysis of annual sales in thousands of US dollars for the years 2012 to 2019 II-52 Table 24: Worldwide 15-year perspective for other applications by geographic region – Percentage breakdown of value sales for USA, Canada, Japan, China, Europe , Asia-Pacific, Latin America, Middle East and Africa for 2012, 2020 & 2027 II-53 III MARKET ANALYSIS III-1 GEOGRAPHICAL MARKET ANALYSIS III-1 UNITED STATES III-1 COVID-19 crisis slows the progress of the rail transport industry III-1 Pandemic has a major impact on the freight and logistics industry III-1 Figure 9: Change in monthly rail freight transport year-on-year traffic in the USA for the period January-July 2020 III -3 Market analysis III-4 Table 25: USA Current & future analysis for rail wheel and axle by axle type – Solid axles and hollow axles – Independent analysis of annual sales in US dollars thousands for the years 2020 to 2027 III-4 Table 26: USA historical review on Rail wheel and axle by axle type – Markets for solid axles and hollow axles – Independent analysis of annual sales in thousands of US dollars for the years 2012 to 2019 III-5 Table 27: USA 15-year perspective for rail wheel and axle by axle type – Percentage breakdown of value sales for solid axles and hollow axles for the years 2012, 2020 & 2027 III-6 Table 28: USA Curren t & future analysis for Rail Wheels and Axles by Application – Main Trains, Freight Trains, Subway, Bullet Train, and Other Applications – Independent Analysis of Annual Revenue in Thousands of Dollars for 2020-2027 III-7 Table 29: USA Historic Review for Rail Wheel and Axle By Application – Main lines, freight trains, subways, bullet trains, and other application markets – Independent analysis of annual sales in thousands of US dollars for the years 2012 to 2019 III-8 Table 30: USA 15-year perspective for rail wheel and axle by application – percentages Breakdown of Value Sales for Long Distance, Freight, Metro, Bullet Train and Other Applications for 2012, 2020 & 2027 III-9 CANADA III-10 Table 31: Canada Current & Future Analysis for Rail Wheel and Axle by Axle Type – Solid Axles and Hollow Axles – Independent Analysis of Annual Sales in Thousands of US Dollars and for the Years 2020 to 2027 III-10 Table 32: Canada Historis A look back at rail wheels and axles by axle type – Markets for solid axles and hollow axles – Independent analysis of annual sales in thousands of US dollars for the years 2012 to 2019 III-11 Table 33: Canada 15-year perspective for rail wheels and axles by axle type – percentage Solid Axle and Hollow Axle Value Sales Breakdown for 2012, 2020 & 2027 III-12 Table 34: Canada Current & Future Analysis for Rail Wheel and Axle by Application – Main Trains, Freight Trains, Subway, Bullet Train, and Other Applications – Independent Analysis of Annual Revenue in thousands of US dollars for the years 2020 to 2027 III-13 Table 35: Canada Historical Review of Rail Wheel and Axis by Application – Main Trains, Freight Trains, Subway, High Speed ​​Trains and Other Application Markets – Independent Analysis of Annual Revenue in Thousands of US Dollars since Years 2012 to 2019 III-14 Table 36: Canada’s 15-year perspective for rail wheels and axles by application – Percentage breakdown of value sales for long-distance trains, freight trains, metro, high-speed trains and other applications for 2012, 2020 & 2027 III-15 JAPAN III-16 Table 37: Japan Current & future analysis for rail wheel and axle by Axle Type – Solid Axles and Hollow Axles – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2020 to 2027 III-16 Table 38: Japanese Historical Review of Rail Wheels and Axle by Axle Type – Solid and Hollow Axle Markets – Independent Analysis of Annual Sales in Thousands US dollars for the years 2012 to 2019 III-17 Table 39: Japan 15-year perspective for rail wheel and axle by axle type – Percentage breakdown of value sales for solid axles and hollow axles for the years 2012, 2020 & 2027 III-18 Table 40: Japan Current & Future Analysis for Rail Wheels and Axles by Application – Main Trains, Freight Trains, Subway Electricity, Bullet Train, and Other Applications – Independent Analysis of Annual Revenue in Thousands of US Dollars for 2020-2027 III-19 Table 41: Japanese Historical Review of Rail Wheel and Axle by Application – Mainline, Freight Train, Subway, Bullet Train, and Other Application Markets – Independent analysis of annual sales in thousands of US dollars for the years 2012 to 2019 III-20 Table 42: Japan 15-year perspective for rail wheel and axle by application – Percentage breakdown of value sales for long-distance trains, freight trains, subways, high-speed trains and other applications for the years 2012, 2020 & 2027 III-21 CHINA III-22 The rail transport sector offers opportunities for the rail wheel and axle market III-22 Annex 10: Rail freight transport in China (in trillion tonne-kilometers) for the years 2011-2019 III-23 Chap Ina’s long-term plans for the expansion of the railway network are well suited to the wheel and axle market III-23 Ma rktanalysen III-24 Table 43: China Current & future analysis for rail wheels and axles by axle type – solid axles and hollow axles – Independent Analysis of annual sales in thousands of US dollars for the years 2020 to 2027 III-24 Table 44: Historical overview of rail wheels and – axles in China by axle type – Markets for solid axles and hollow axles – Independent analysis of annual sales in thousands of US dollars for years 2012 to 2019 III-25 Table 45: China 15-year perspective for rail wheel and axle by axle type – Percentage breakdown of value sales for Solid axles and hollow axles for the years 2012, 2020 & 2027 III-26 Table 46: China Current & Future analysis for rail wheel and axle by application – main trains, freight trains, subways, high-speed trains and other applications – Independent analysis of the annual turnover in US $ Thousand for the years 2020 to 2027 III-27 Table 47: China’s historical review of rail wheels and axles by application – main traffic trains, freight trains, subways, high-speed trains and other application markets – Independent analysis of annual sales in US dollars thousands for the years 2012 to 2019 III-28 Table 48: China’s 15-year perspective for rail wheels and – axes by application – percentage breakdown of value sales for long-distance trains, freight trains, metros, high-speed trains and other applications for 2012, 2020 & 2027 III-29 EUROPE III-30 Rail Industry in Europe: An Overview III-30 Emergency Funding Provides Peace of Mind for the European rail supply market in the midst of COVID-19 III-30 Rail freight networks emerge as critical support system during COVID 19 Crisis III-30 Market analysis III-32 Table 49: Europe Current & future analysis for rail wheels and axles by geographic region – France, Germany, Markets in Italy, Great Britain, Spain, Russia and the rest of E Europe – Independent analysis of annual sales in thousands of US dollars for the years 2020 to 2027 III-32 Table 50: Historical overview of rail wheels and axles in Europe by geographic region – France, Germany, Italy, Great Britain, Spain, Russia and other European countries Markets – Independent analysis of annual sales in thousands of US dollars for the years 2012 to 2019 III-33 Table 51: 15-year perspective for rail wheels and axles in Europe by geographic region – percentage value breakdown sales for France, Germany, Italy, Great Britain , Spain, Russia and the rest of Europe markets for the years 2012, 2020 & 2027 III-34 Table 52: Europe Current & future analysis for rail wheel and axle by axle type – solid axles and hollow axles – independent analysis of the annual turnover in thousands of US dollars for the Years 2020 to 2027 III-35 Table 53: European historical overview of rail wheels and axles by axle type – Markets for solid axles and hollow axles – Independent A Analysis of the annual sales in thousands of US dollars for the years 2012 to 2019 III-36 Table 54: 15-year perspective for rail wheels and axles in Europe by axle type – percentage breakdown of value sales for solid and hollow axles for the years 2012, 2020 & 2027 III-37 Table 55: Europe Current & Future Analysis for Rail Wheels and Axles by Application – Main Trains, Freight Trains, Subway, High Speed ​​Trains and Other Applications – Independent Analysis of Annual Revenue in Thousands of US Dollars for the Years 2020 to 2027 III -38 Table 56: European Historical Review of Rail Wheels and Axles by Application – Long Distance, Freight, Subway, High Speed ​​Train and Other Application Markets – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2012 to 2019 III- 39 Table 57: Europe 15-year perspective for rail wheels and axles by application – percentage breakdown of value sales for main trains, goods trains e, metros, high-speed trains and other applications for 2012, 2020 & 2027 III-40 FRANCE III-41 Table 58: France Current & future analysis for rail wheel and axle by axle type – solid axles and hollow axles – independent analysis of annual sales in thousands US dollars for the years 2020 to 2027 III-41 Table 59: France Historical overview of rail wheels and axles by axle type – Markets for solid axles and hollow axles – Independent analysis of annual sales in thousands of US dollars for years 2012 to 2019 III-42 Table 60 : France 15-year perspective for rail wheels and axles by axle type – Percentage breakdown of value sales for solid axles and hollow axles for the years 2012, 2020 & 2027 III-43 Table 61: France Current & future analysis for rail wheels and axles by application – main trains , Freight trains, metros, high-speed trains and other applications – Independent Analysis de s Annual Sales in Thousands of US Dollars for the Years 2020 to 2027 III-44 Table 62: France Rail Wheels and Axles Historical Review by Application – Long Distance Trains, Freight Trains, Subway Trains, Bullet Trains, and Other Application Markets – Independent Analysis of the Year Sales in thousands of US dollars for the years 2012 to 2019 III-45 Table 63: 15-year outlook for rail wheels and axles in France by application – Percentage breakdown of value sales for long-distance trains, freight trains, metros, high-speed trains and other applications for the years 2012, 2020 & 2027 III-46 GERMANY III-47 Table 64: Germany Current & future analysis for rail wheel and axle by axle type – solid axles and hollow axles – independent analysis of annual sales in thousands of US dollars for the years 2020 to 2027 III -47 Table 65: Germany historical review of rail wheels and axles by axle type – markets for solid axles and Hohlac hsen – Independent analysis of An annual sales in thousands of US dollars for the years 2012 to 2019 III-48 Table 66: Germany 15-year perspective for rail wheel and axle by axle type – Percentage breakdown of value sales for solid and hollow axles for 2012 , 2020 & 2027 III-49 Table 67: Germany Current & Future Analysis for Rail Wheels and Axles by Application – Main Trains, Freight Trains, Subway, High Speed ​​Trains and Other Applications – Independent analysis of annual sales in thousands of US dollars for the years 2020 to 2020 2027 III-50 Table 68: Germany Historical Overview of Rail Wheels and Axles by Application – Main Trains, Freight Trains, Subway, High Speed ​​Trains and Other Application Markets – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2012 to 2019 III-51 Table 69: Germany 15-year perspective for rail wheel and axle by application – percentage breakdown of the W sales for long-distance trains, freight trains, M etro trains, high-speed trains and other applications for the years 2012, 2020 & 2027 III-52 ITALY III-53 Table 70: Italy Current & future analysis for rail wheel and axle by axle type – solid axles and hollow axles – Independent analysis of annual sales in thousands of US Dollars for the years 2020 to 2027 III-53 Table 71: Italy Historical Overview of Rail Wheels and Axles by Axle Type – Markets for Solid Axles and Hollow Axles – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2012 to 2019 III-54 Table 72: Italy 15-year perspective for rail wheels and axles by axle type – Percentage breakdown of value sales for solid axles and hollow axles for the years 2012, 2020 & 2027 III-55 Table 73: Italy Current & Future analysis for rail wheels and axles by application – main features, Freight trains, subways, high-speed trains and other applications – Independent annual analysis rate in US dollars Thousands for the years 2020 to 2027 III-56 Table 74: Italy Historical Review of Rail Wheels and Axles by Application – Mainline Trains, Freight Trains, Metro, Bullet Train, and Other Application Markets – Independent Analysis of Annual Sales in US Dollars Thousands for the years 2012 to 2019 III-57 Table 75: Italy 15-year perspective for rail wheel and axle by application – Percentage breakdown of value sales for long-distance trains, freight trains, metros, high-speed trains and other applications for the years 2012, 2020 & 2027 III-58 UNITED KINGDOM III-59 Table 76: UK Current & Future Analysis for Rail Wheel and Axle by Axle Type – Solid Axles and Hollow Axles – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2020 to 2020 2027 III-59 Table 77: United Kingdom Historical Review for Rail Wheel and Axle by Axle Type – Solid Axle and Hollow Axle Markets – Independent analysis of annual sales in US dollars Housand for the years 2012 to 2019 III-60 Table 78: UK 15-year perspective for rail wheel and axle by axle type – Percentage breakdown of value sales for solid axles and hollow axles for the years 2012, 2020 & 2027 III-61 Table 79: UK Current & Future Analysis for Rail Wheels and Axles by Application – Main Trains, Freight Trains, Subway, High Speed ​​Trains and Other Applications – Independent Analysis of Annual Revenue in Thousands of US Dollars for 2020-2027 III- 62 Table 80: UK Historic Review of Rail Wheels and Axles by Application – Long Distance Trains, Freight Trains, Subway Trains, Bullet Train, and Other Application Markets – Independent Analysis of Annual Revenue in Thousands of US Dollars for 2012-2019 III-63 Table 81 : UK 15-year perspective for rail wheel and axle by application – Percentage breakdown of value sales for main trains, freight trains, Subway, high-speed trains and other applications for 2012, 2020 & 2027 III-64 SPAIN III-65 Table 82: Spain Current & future analysis for rail wheel and axle by axle type – solid axles and hollow axles – Independent analysis of annual sales in thousands of US -Dollars for the years 2020 to 2027 III-65 Table 83: Spain Historical Review of Rail Wheel and Axle by Axle Type – Markets for Solid Axles and Hollow Axles – Independent Analysis of Annual Sales in Thousands of US Dollars for the Years 2012 to 2019 III-66 Table 84 : Spain 15-year perspective for rail wheel and axle by axle type – percentage breakdown of value sales for solid axles and hollow axles for the years 2012, 2020 & 2027 III-67 Table 85: Spain current & future analysis for rail wheel and axle by application – main features, Freight Trains, Subway, High Speed ​​Trains and Other Applications – Independent Analysis of Annual Sales i n Thousands of US dollars for 2020 to 2 027 III-68 Table 86: Spain Historical Overview of Rail Wheels and Axles by Application – Long Distance Trains, Freight Trains, Metro Trains, High Speed ​​Trains and Other Application Markets – Independent Analysis of Annual Sales in Thousands US dollars for the years 2012 to 2019 III-69 Table 87: Spain 15-year perspective for rail wheel and axle by application – Percentage breakdown of value sales for long-distance trains, freight trains, subways, high-speed trains and other applications for the years 2012, 2020 & 2027 III -70 RUSSIA III-71 Table 88: Russia Current & future analysis for rail wheel and axle by axle type – solid axles and hollow axles – Independent analysis of annual sales in thousands of US dollars for the years 2020 to 2027 III-71 Table 89: Russia Historical review of rail wheel and axle by axle type – Markets for solid axles and hollow axles – Independent Please contact contact our customer service center for the full table o f contents Read the full report: https: // wwwreportlinkercom / p05900178 /? utm_source = GNW About Reportlinker ReportLinker is an award-winning market research solution Reportlinker finds and organizes the latest industry data so you can get all the research you need – instantly in one place __________________________ CONTACT: Clare: clare @ reportlinkercom US: (339) -368-6001 Intl: 1 339 -368-6001

(Bloomberg) – Janet Yellen, as Secretary of the Treasury, will almost certainly seek closer coordination with the US Federal Reserve next year – repairing recent friction – though observers say it will be cautious to avoid any concrete move that could spark a wave of Republican protests The election of President-elect Joe Biden to the Treasury Department had been with for nearly two decades the Fed and has seen firsthand the importance of the two agencies working together to ensure credit flow in tough economic timesStep one, after receiving Senate approval, will decide how to deal with several emergency loans from the Fed, which were funded and approved by Congress through the Cares Act after outgoing Treasury Secretary Steven Mnuchin announced he would end them by the end of the year, Yellen will have to call to see if she has legal authority to revive the programs the Fed wanted to extend to The Question was made by Mnuchin’s recent Pla n toughening of unused Cares Act money into the general account of the department over which Congress has authority Both moves by Mnuchin have sparked strong partisan reactions and show the charged political atmosphere Yellen will step into in her new role As financial conditions relax in the face of record highs on Wall Street, it may have an opportunity to postpone changes of direction as it also seeks to convince Congress to pass a new stimulus package. “The immediate need for some of these facilities certainly has subsided, “said Michael Gapen, Chef UAn economist at Barclays Plc in New York and former Fed Board economist Yellen will “likely wait and see if there’s a flaw” that shows up in financial markets, he said Here are some questions and questions about the facilities What is the current plan? Mnuchin said last week that five Fed facilities are due to go under by the end of next month and urged the central bank to return unused funds Tuesday, the Treasury Department announced that it plans to transfer this unspent money to its public account – from where It Cannot Be Released Without Congressional Approval Congress had authorized those funds to flow into the Treasury Department’s Exchange Stabilization Fund, which the secretary otherwise has considerable discretion over, Mnuchin said his intention was to make the money available to Congress to help small businesses and unemployed Americans, arguing that grants are better than loans for needy parts of the economy What about politics? Democrats have accused Mnuchin of attempting to hamper the new administration’s ability to address a weakening economic recovery amid the coronavirus resurgence, the Biden transition team labeled Mnuchin’s recovery of unspent money from the Fed as “deeply irresponsible,” Congress Democrats said Republicans underscored Mnuchin’s argument that the facilities had done their job, with record corporate bond issuance showing that companies have easy access to capital markets, Senator Pat Toomey, a Republican from Pennsylvania and a member of one in Congress The appointed oversight body overseeing the Fed and Treasury Department Covid-19 programs warned of Yellen move to resume funding of the Fed facilities. “I look forward to discussing a number of issues with her, i Specifically, the legal requirement that the Temporary Emergency Credit Facilities of the Cares Act must remain closed and closed until the end of the year unless further action is taken by Congress, “said Toomey. Are they needed? The emergency credit facilities were crucial in calming the troubled markets in March and April, and Mnuchin at least underscores the importance of expanding a minority of them, including investment papers and mutual funds in the money market – both important parts of the sanitation of the financial system However, the Main Street Lending Program for smaller businesses has struggled to find lenders and borrowers alike, and the corporate bond programs have had little to do lately. “2020 adoption hasn’t been particularly impressive so far,” noted Wharton- Professor Peter Conti-Brown in a blog post on Tuesday for the Brookings Institution, nonetheless, economists and some central bankers have warned that there is still a risk of another economic decline, with the potential for new credit burdens, and the financial markets may not yet be up for the river Facility Run Blame “There is a major potential pothole at the end of the year,” JPMorgan Asset Management’s chief investment officer Bob Michele said on Bloomberg TV Wednesday. The Fed backstop withdrawal is “something the market is digesting I don’t know it’s completely digested ”Are the facilities going to shut down completely? No. The assets already lent remain in place For example, the Main Street program has $ 5 3 billion in assets that will stay in place But those who go under will not be able to make new loans. Does the Fed have to return the unallocated money? Yes, Fed chairman Jerome Powell said Friday that the Fed would send the money back as the chief financial officer has ultimate authority over funding, what should Yellen stand up for? Wall Street economists, including some who worked at the Fed when Yellen was there, said they will likely remain flexible, corporate bond markets that are performing well may not be a high priority, and the fight against Senate Republicans Seth Carpenter, a former deputy director in the Fed Board’s Policy Department, said the restoration of municipal, corporate credit and small business facilities depended heavily on the development of the economy, given the relatively low use of municipal and small businesses Yellen may also want the Main Street Lending Facility to look into whether the Fed is the right place for such programs, he said. “The underlying question is, did they have the right structure to address the issues they needed to address?” said Carpenter, who is now chief US Economist at UBS Group AG in New YorkCan anything be done without Congress? The Fed used to have a broader emergency lending agency, but this was severely curtailed in the wake of unprecedented actions in the 2007-09 financial crisis. The 2010 Dodd-Frank financial reforms left the central bank at a limit The Fed can continue to lend to banks through the discount window and swap dollars for foreign currency at any foreign central bank without the approval of the Treasury Department.With the help of the Yellen Treasury Department, the Fed could also revive emergency credit facilities or set up new ones with funding from outside the Cares Act’s Exchange Stabilization Fund Treasury Department has nearly $ 80 billion What does the Fed want? Powell’s stated preference was to keep all facilities open. A central banker would not ordinarily call the end of an emergency with a new wave of contagion across the country, even if markets were functioning well. He called the recovery “incomplete” in a November 17 conference and said, the time to close them wasn’t “yet or very soon. In last week’s response to Mnuchin, he noted that currency stabilization funds are available to the Treasury Secretary in case a Fed facility needs a backstop. A Fed spokesman declined one Tuesday.” Add another comment (Adds a cautionary comment on the markets, see “Are you closing facilities completely?” above) For more articles like this, please visit us on BloombergcomSubscribe now to stay ahead of the curve with the most trusted business news source © 2020 Bloomberg LP

(Bloomberg) – International Business Machines Corp. plans to dismantle around 10000 jobs in Europe to cut costs in the slow-growing services division and prepare the company for a spin-off, the widespread losses will affect around 20% of the workforce in the region, according to those familiar with the UK and Germany are likely to be hardest hit Cuts are also planned in Poland, Slovakia, Italy and Belgium, IBM announced the downsizing in Europe in early November during a meeting with European workers’ representatives, according to a union official, who was briefed on the procedure The person asked not to be identified as the Talks are private IBM shares fell 16% at 9:37 am in New York They rejected 86% this year “Our hiring decisions are made to give our customers the best possible support in introducing an open hybrid cloud platform and AI- Features, “an IBM spokeswoman said in an emailed statement.” We continue to invest heavily in training and skills development so that IBM employees can best serve our customers’ needs. Service business from IBM, which handles the daily infrastructure operations, e.g. B. client data center management and traditional information technology support for equipment installation, operation and repair, IBM announced in October that it will outsource the business and focus on its new hybrid cloud computing and artificial intelligence unit, from IBM has announced that it will complete the spin-off as a tax-free spin-off for IBM shareholders by the end of 2021. “We are taking structural measures to simplify and streamline our business,” said IBM CFO James Kavanaugh during the company’s third quarter earnings report in October, “We expect a fourth quarter operating income charge of approximately $ 2 billion” Once a legendary blue-chip company, the star of IBM has faded over the years as his legacy in mainframe computing and IT services fell behind, while newer tech companies like Amazoncom Inc Dived into burgeoning cloud computing market, IBM already cut jobs earlier this year, although the company wouldn’t say how many jobs were cut The company has traditionally refused to disclose the number of job cuts for decades, with arguably one exception in the 1993 when Lou Gerstner, an outside CEO hired, was 60The service spin-off marks the first big step for CEO Arvind Krishna, who succeeded Ginni Rometty in April and pushed for growth to revive after nearly a decade of declining revenue, Krishna cut thousands of jobs earlier this year than he did The current round of downsizing is expected to be completed by the end of the first half of 2021, one respondent added (updates with opening stocks in the third paragraph) For more articles like this, please visit us on BloombergcomSubscribe now to connect with the most trusted business news source to stay ahead © 2020 Bloomberg LP

Intuit (Nasdaq: INTU), proud maker of TurboTax, QuickBooks, and Mint with 57 million customers; and Credit Karma, the consumer technology platform with more than 110 million members in the US, Canada and the UK, announced today that they have entered into a consent decree with the US Department of Justice (DOJ), a key step in completing the previously announced merger, the companies also announced that they have entered into a hiring undertaking with the New York Attorney General that, along with the DOJ’s action, will allow Intuit to acquire Credit Karma Bringing completion one step closer, provided the usual closing conditions are met

Elon Musk, Elon Musk and Fortune

World News – AU – How Elon Musk became the second richest person in the world

Source: https://au.finance.yahoo.com/news/musk-rich-233259585.html