WASHINGTON (Reuters) -A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday. Yellen said the funding would make the United States the largest supporter of the IMF’s Poverty Reduction and Growth Trust (PRGT), which provides zero-interest rate loans to support low-income countries as they work to stabilize their economies, boost growth and improve debt sustainability. President Joe Biden signed the bill on Saturday after the Senate passed after midnight, averting a government shutdown.
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Nvidia’s $50 Billion Share Buyback Is an Epically Bad Decision That Sends the Wrong Message to Wall Street and Investors
Although share repurchases are known for lifting earnings per share (EPS) and instilling confidence in investors, Nvidia’s decision to announce a hefty buyback program will struggle on both fronts. Source
