Gina joined Breakingviews in 2016 from the Financial Times, where she was the enforcement and regulatory correspondent in Washington, most recently focused on white-collar crime and cyber security. Before that, Gina was the corporate reporter for Quartz and spent seven years at the Wall Street Journal in New York, Baghdad and Detroit, covering M&A, war and cars. She also has written a book about the Khmer Rouge, trained journalists in Iraq and written from her native Seoul.
The U.S. central bank reiterated its belief that price spikes won't last. Still, polls show consumers worrying, making politicians edgy. Tapering the Fed's bond buying wouldn't directly counter inflation. But it has to happen sometime, and it would give Chair Jay Powell cover.
Alphabet, Amazon, Apple, Facebook and Microsoft hold around $600 bln of cash. As revenue booms, investors will be keen to see it put to work. Doing deals is a tough sell politically, so buying back more shares could be the logical answer, even with stock prices riding high.
The $1 trillion social network’s ruthless rise is well documented. “An Ugly Truth” captivates with new, disturbing details on recent scandals and CEO Mark Zuckerberg’s handling of the firm’s growing power. The uglier reality is that its 3 billion-plus users aren’t that bothered.