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(Bloomberg) — Central banks on four continents will project a collective message of nervous unease in interest-rate decisions this week as the persistence of the coronavirus impedes economic recoveries throughout much of the world. Read More

Monetary Nerves Fray on Four Continents: Economy Week Ahead — Financial Post

Over 80% loss money

(Bloomberg) — The United Arab Emirates switched on the Arab world’s first commercial nuclear power plant after loading fuel and conducting comprehensive tests, the prime minister said. Read More

UAE Starts Operation of Arab World’s First Nuclear Power Reactor — Financial Post

NEW DELHI — Apple Inc’s Taiwan contract manufacturers Foxconn, Wistron Corp and Pegatron Corp have applied for funds from India’s $6.65 billion scheme to boost smartphone manufacturing, the technology minister said on Saturday. Read More

Apple’s Taiwan suppliers, Samsung apply for India’s smartphone scheme — Financial Post

Microsoft Corp is in talks to buy ByteDance-owned TikTok, the New York Times reported on Friday, citing a source. Read More

Microsoft in talks to buy TikTok – NYT — Financial Post

WASHINGTON — The top Democrats in Congress resumed talks with two top Trump aides on Saturday to try to reach a deal to pump more money into the U.S. economy to ease the coronavirus’ heavy toll, after an essential lifeline for millions of unemployed Americans expired. Read More

Congressional Democrats, White House set for Saturday talks on coronavirus bill — Financial Post

Late Friday night, a social platform best known for coordinated dance routines and funny videos turned somber. TikTok users across the US began livestreaming and posting videos in tribute to what they feared was the end of TikTok, the short-form video app they’ve come to love and depend on.

https://www.cnn.com/2020/08/01/tech/tiktok-ban-reactions/index.html

Hello Econ Jedi,

Consider taking a few minutes to review the video on adding (or starting) your personal wealth management. The most important step is to pay yourself first, where to invest is a much later discussion. If you could get into your favorite time machine, travel back four years and invest into all four of the FANG members you would go right! This trip won’t be as profitable if you don’t have funds to purchase the stocks.

https://www.cnbc.com/2020/07/31/this-is-an-easy-way-to-save-money-for-retirement.html

We will carry the torch from here. Thank you for your work to this point, for being the light, for showing the way, thank you.

Apple Inc. on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. Read More

Apple delivers blowout earnings, strong iPhone revenue despite pandemic — Financial Post