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Lagarde: the ECB must not overreact to temporary supply shocks
ECB President Christine Lagarde said the ECB should be wary of withdrawing stimulus measures too quickly when inflation may only soar "temporarily". "there is no sign that rising inflation is becoming widespread throughout the economy," Lagarde said in a speech at an important ECB meeting. " "the key challenge is to ensure that we do not overreact to temporary supply shocks that have no impact in the medium term, and to nurture positive demand forces that could continue to push inflation towards the 2 per cent target," Lagarde said.
Omo: The market is facing the direction of “ice and fire” and the risk that the S&P 500 will fall 20% is increasing
Morgan Stanley strategists headed by Michael Wilson said that the possibility that the US stock market will fall by more than 20% has increased. Although this is still the worst situation, the bank said evidence is beginning to show that economic growth is weakening and consumer confidence is declining. In a report on Monday, these strategists set out two potential market directions they call 'ice and fire'. Under the so-called “fire” optimism, the Federal Reserve will reduce economic stimulus to prevent overheating. They wrote in their report, “The typical result of the 'fire' situation is a moderate and healthy 10% correction in the S&P 500 index”
San Francisco will require many participants in indoor activities to provide proof of full vaccination.
San Francisco will require indoor customers of restaurants, bars or gyms to provide proof of full immunity, making it the first large city in the United States to implement such strict rules. Mayor London Breed's office said in a statement on Thursday that the rule would also apply to large indoor spaces, such as theatres and entertainment venues. Last year, San Francisco was one of the first outbreaks in the United States, and the number of cases in the area is now rising again because of the spread of the Delta variant. New York City implemented a similar rule last week, but only requires customers who eat in restaurants and gyms to get a dose of the vaccine. Old gold
General Motors Co and Lockheed Martin Corp will work together to develop the next generation lunar rover for NASA
[TechWeb] according to foreign media reports, Lockheed Martin Corp and General Motors Co will work together to develop a next-generation lunar rover for NASA's Artemis project to transport NASA astronauts on the lunar surface. According to foreign media reports, the lunar rover, called Lunar Terrain Vehicle (LTV for short), is powered by batteries. It can not only carry astronauts, but will also run automatically. It can carry human explorers, load commercial cargo, or travel through remote areas of the moon for up to 100 days.
It is reported that Gaotu Techedu Inc. 's classroom will lay off 30% of its staff starting this week.
According to 36Kr Holdings, according to people familiar with the matter, Chen Xiangdong, founder of Gaotu Techedu Inc. classroom, held an internal meeting a few days ago. As a result of the meeting, Gaotu Techedu Inc. 's classroom will be laid off by 30%, which will be implemented this week. At the same time, the information flow business and live broadcast business will all be closed.
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