July 6 - New Boeing CFO faces debt task | Inflation to persist above 3% into 2022
July 06, 2021
Inflation to persist above 3% into 2022 as demand exceeds supply: Furman; U.S. gains support for 15% minimum global corporate tax from 130 countries; Trump CFO, company charged with scheme to hide compensation; FASB appears ready to require supplier financing disclosure
Former GE exec Brian West is expected to invest in new research and development while also reducing the aircraft manufacturer's debt, which, at the end of the first quarter, neared $64 billion.
Rising demand will confront supply bottlenecks and weak labor participation, fueling inflation in the months ahead, former White House economist Jason Furman said.
A 15% minimum global corporate tax will discourage companies from locating headquarters in the lowest-tax nations, according to Treasury Secretary Janet Yellen.
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