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SPAC Weekly | ARC Global SPAC Brief (29th Nov-03rd Dec)
Are you sure you don't get the vaccine? United Airlines issued a dismissal order, and nearly 600 employees were given urgent vaccinations
United Airlines said on Thursday that one day after the company's dismissal order was issued, nearly half of its 593 employees facing dismissal for refusing to be vaccinated have provided proof of vaccination, and currently 320 have not provided proof. United Airlines said on Tuesday that after this week's deadline, as many as 593 employees faced dismissal for refusing to get the COVID-19 vaccine. The vaccination deadline set by United Airlines for its approximately 67,000 US employees is September 27. The company said 2,000 employees applied for exemptions for medical or religious reasons. The company plans to evaluate these requests by October 15
The Federal Reserve said on hold that it may soon slow down the pace of bond purchases and raise interest rates ahead of schedule.
The Fed kept its benchmark interest rate near zero on Wednesday local time, but said it might raise rates earlier than expected and sharply cut its forecast for US economic growth this year. The US Federal Open Market Committee (FOMC) announced the latest interest rate resolution, keeping the benchmark interest rate at 0% Mel 0.25%, the interest rate on excess reserves (IOER) at 0.15%, and the overnight reverse repo rate at 0.05%, in line with market expectations. The Fed said it would continue to increase its holdings of treasury bonds by at least $80 billion a month and at least $40 billion in home mortgages.
Us stock futures fell in early trading on Monday. For the first time in 2021, the Dow fell for three consecutive weeks.
U. S. stock index futures fell overnight on Sunday after the Dow Jones Industrial average fell for the first three consecutive weeks since September 2020. Dow futures fell 65 points, or 0.2%. S & P 500 index futures fell 0.2%, while Nasdaq 100 index futures fell 0.2%. The stock market struggled in September, the month when the market was seasonally weak. The Dow closed down 166.44 points, or 0.5%, at 34584.88 on Friday. The S & P 500 index fell 0.9% to 4432.99, while the Nasdaq composite index fell 0.9% to close at 150.
Kathy Wood: I am optimistic about China for a long time. They are full of entrepreneurial spirit.
Cathy Wood, founder of Ark Investment, said in an interview on Tuesday that in the long run, her view of China is optimistic, not pessimistic. "in the long run, I am not pessimistic about China because I think they are a very entrepreneurial society," Wood said. Of course, the government is making more rules and regulations, but I don't think the government wants to stop growth and progress. " Overnight data show that Wood's Ark Automation Technology and Robot ETF bought JD.com Inc's American Depositary receipts (ADR) on Monday. Wood said in an interview on Tuesday that the Ark has combed Chinese companies and is currently
Zuo Hui, founder of shell, died of unexpectedly worsening illness.
Shell announced that the company announced with deep grief that its founder and chairman, Mr. Zuo Hui, died on May 20, 2021 due to an unexpected deterioration of his illness. The original text of the announcement: today is very sad. Zuo Hui, founder and chairman of Shell, left us because of illness. Shell has lost a founder who laid the foundation of our cause and mission, and the housing industry has lost a leader who has been exploring and innovating all the time. From Lianjia to the shell, we are extremely fortunate to work with Zuohui, work hard together and promote the progress of the industry together. We have lost a close partner and wise teacher. Zuohui once said: the Enterprise Classic of our time
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