Former Goldman Sachs Group and Morgan Stanley executives joined Amber, the cryptocurrency unicorn
Some former executives of Goldman Sachs Group and Morgan Stanley have joined a cryptocurrency trading platform created by their peers, and a growing number of Wall Street veterans are betting on the volatile world of digital assets. Amber Group appointed Dimitrios Kavvathas, a former partner of Goldman Sachs Group, as Chief Strategy Officer, and Todd Miller, former Managing Director of Morgan Stanley, as Chief operating Officer for America. The Hong Kong start-up said in a statement on Friday that Sotirio, who had held leadership positions at audit firms BDO and Royal Bank of Scotland,
Steel prices more than triple in a year American Steel plans to invest $3 billion to build a new plant
U.S. Steel said Thursday it plans to invest about $3 billion in a new steel plant, in the latest sign that steelmakers are increasingly confident that price increases will continue. The company said it planned to start construction of the new plant in the first half of 2022 and start production in 2024. The announcement comes as domestic steel futures prices have more than tripled in the past year. While this has brought a windfall to steelmakers, it has also boosted everything from cars to wind turbines to kitchen appliances as the global economy recovers from the epidemic
Hedge funds bought the largest amount of US Treasuries since 2018
Hedge fund purchases of US Treasuries in July were the biggest in three years, triggering a rise in US government securities as a rebound in the global epidemic led to increased demand for safe-haven assets. Investors registered in the Cayman Islands bought $35.3 billion of U.S. government bonds in July, the most since May 2018, according to the latest data from the U.S. Treasury Department. Us sovereign bonds returned 1.4 per cent in July, the biggest since March 2020.
It is difficult for Immortals and Beasts to return to the United States, nearly 70% of working parents consider quitting their jobs to concentrate on taking care of their children.
18 months after the COVID-19 epidemic in the United States, working-class parents are more worried than ever about how to ensure child care and the impact of school disruptions on their work, according to a new survey by the US job search website Indeed. About 3/4 of respondents believe that their children's schools will be temporarily quarantined at home or return to distance education sometime this year. Nearly 70% of respondents said that if the uncertainty about parenting and school lasts until 2022, they will consider quitting or asking their partner to resign and go home to concentrate on taking care of the children. Parenting and virtual learning are many in the new.
It is said that Melinda hired someone to investigate Gates' affair: this is an "open secret"
According to a report in Vanity Fair magazine, Microsoft co-founder Bill Gates' affair is an "open secret" and everyone around him knows about it. The report quoted two people familiar with the matter as saying that someone in the small circle of Gates'ex-wife Melinda had worked with private detectives to investigate the matter before their divorce. A spokeswoman for Melinda Gates responded: "neither Melinda nor anyone under her has ever hired a private investigator." A former employee of Gates told Vanity Fair magazine that they had seen Gates secretly change cars in the office. They say Gates sometimes drives a car.
Us stocks Qitam: the best pharmaceutical stocks have soared more than nine times this year without a single product.
Cassava Sciences, a US drugmaker, has not launched a single product in its 23 years, but that does not prevent it from becoming the fastest-growing biotech stock this year, up 925 per cent. Behind the magical rise of the stock is optimism about an Alzheimer's drug the company is in the early stages of research, as well as a trading frenzy among retail investors. The company is the third-biggest gainer in the Russell 2000 index, after PlayStation and AMC. Cassava founder and CEO Remy Barbier (Remi Ba
Musk: due to the shortage of nickel, the ternary lithium battery in Tesla, Inc. will be replaced by iron lithium battery.
According to foreign media reports, Tesla, Inc. CEO Elon Musk said on his personal Twitter on Thursday that the company would replace the ternary lithium battery in his electric vehicle with iron lithium battery. "Nickel is our biggest concern in lithium battery production," Musk said in a tweet. That's why we need to replace the standard mileage version of electric cars with iron lithium batteries. Lithium batteries rich in iron! " Mr Musk has previously called for more nickel mines to supply Tesla, Inc. and other carmakers with batteries for electric cars. "if you mine nickel efficiently in an environmentally sensitive way
A record high! Response to the epidemic has pushed global debt to soar to $281 trillion
According to the latest research from the Institute of International Finance (IIF), last year's COVID-19 epidemic increased global debt by $24 trillion to a record $281 trillion, with a global debt-to-GDP ratio of more than 355%. IIF's Global debt Monitor estimates that government aid programs accounted for half of debt growth, while global companies, banks and households increased by $5.4 trillion, $3.9 trillion and $2.6 trillion, respectively. That means the debt-to-GDP ratio surged 35 percentage points to 355 per cent. This increase far exceeds the increase during the global financial crisis.
The number of Americans applying for unemployment benefits for the first time last week reached the lowest level since November, indicating a slowdown in the pace of layoffs.
The number of first-time claims for regular state unemployment benefits is the lowest since November. Policy makers have begun to lift some of the strictest business restrictions. It will also help stabilize the labour market. The number of people applying for state unemployment benefits fell for the third month in a row last week. The decline was more than expected, indicating that the growth of unemployment began to slow as the infection rate of novel coronavirus fell. First-time claims for regular state unemployment benefits fell 33000 to 779000 in the week to January 30, the lowest level since November, while unadjusted first-time jobless claims fell to 816247, according to the Labor Department.
The Australian Federal Reserve will further expand its bond purchase program by A $100 billion
The Reserve Bank of Australia announced its interest rate decision, leaving the benchmark interest rate unchanged at 0.1%, with an expected 0.10% and a previous value of 0.10%. When the existing QE programme expires in mid-April, the RBA will expand its programme by another A $100 billion (US $76.4 billion) and does not expect to raise its key interest rate until 2024 at the earliest. The Australian dollar fell. Philip Lowe, chairman of the Australian Federal Reserve, left the key interest rate and three-year yield target unchanged at 0.10% on Tuesday, in line with market and economist expectations. In addition to the quantitative easing program, the Reserve Bank of Australia supports the economic measures
China-listed e-commerce is down by more than 5%. JD.com is down more than 5%.
Sina Science and Technology News January 6 evening news, China-listed e-commerce fell. JD.com fell by more than 5%, BABA by more than 2%, and Pinduoduo by nearly 1%.
No Data