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Former US Treasury Secretary Mnuchin says the Fed needs to enter a period of policy normalization to refer to the market as underestimating risk
Former US Treasury Secretary Steven Mnuchin said inflation would force the Fed to tighten monetary policy in the coming months and years, a situation that investors may not be ready for. "there is no doubt that the Fed needs to enter a period of normalizing interest rates and normalizing bond holdings," Mr Mnuchin said in an interview on Monday. Mnuchin said he was concerned that the recent surge in inflation would continue. He suggested that the Fed was cautious in part because the economic models it relied on were difficult to incorporate large-scale fiscal and monetary policy measures that stimulate prices. Mnuchin concluded by saying: "I think this is a need."
Russia's central bank raised interest rates for the third time this year, suggesting the need for further rate increases.
Original title: the Russian central bank raised interest rates for the third time this year hinted at the need for further interest rate increases: FX168 the Russian central bank raised the benchmark interest rate from 5% to 5.5% on Friday and raised borrowing costs for the third time this year due to rising inflation. The central bank also said it would need to raise interest rates further. The central bank's decision to raise interest rates was in line with the expectations of most analysts in a Reuters poll, who thought the central bank would choose to raise interest rates by 50 basis points after the inflation data were higher than expected. Analysts at Russia's central bank warned that inflation could accelerate further. The central bank said it would consider adopting the target interest rate after raising it to the level of April 2020.
Ideal cars rose 2.6%, and ideal ONE delivery increased by 101.3% to 4323 units in May compared with the same period last year.
Ideal car (LI.O) rose 2.6%, and ideal ONE delivery increased by 101.3% to 4323 units in May compared with the same period last year.
It is reported that Apple Inc approached Nissan about cooperative car building, but to no avail.
Apple Inc has approached Nissan in recent months to discuss cooperation on its mysterious self-driving car project, but the talks have come to nothing because of differences over Apple Inc's brand positioning, according to people familiar with the matter. The two companies had only brief contact and the dialogue did not rise to the senior management level, the source said. Earlier this month, South Korea's Hyundai said it had concluded talks with Apple Inc on a self-driving car project after reports that the company had a preliminary dialogue with Apple Inc.
The Nikkei 225 index hit 30,000 for the first time since 1990.
The Nikkei 225 index hit 30,000 in early trading on Monday for the first time since August 1990, a sign that Japan's domestic economic recovery is intact and benefited from progress in the US stimulus package. At one point in early trading, the index rose 1.6 per cent, a step further on the road back to bubble-era levels. The broader Topix index recently hit an all-time high, rising to its highest level in nearly 30 years. Although global stock markets have hit record highs in recent months, the Nikkei 225 index still needs to rise nearly 30% to break through the last trading day of 1989.
Tesla, Inc. employs more than 70, 000 people around the world, almost doubling last year
Sina Technology News Beijing time on the evening of February 9, it is reported that Tesla, Inc. today in the United States Securities and Exchange Commission (SEC) filed with the United States Securities and Exchange Commission (SEC) 10murK document said that the number of employees of the company has exceeded 70, 000, an increase of nearly half last year alone. By the end of 2020, Tesla, Inc. had 70757 full-time employees worldwide, up 47 percent from 48016 in 2019, mainly because of Tesla, Inc. 's expansion in the Chinese and German markets, according to the document. Tesla, Inc. 's Shanghai factory is the key for Tesla, Inc. to expand his business in China. Last year, Tesla, Inc. 's sales in China increased by 124%, reaching
Southeast Asian ride-hailing software giant Grab is considering going to the United States for IPO this year.
Singapore-based ride-hailing software and food distribution giant Grab is considering the possibility of listing in the US this year after it concluded merger talks with Indonesian rival Gojek, according to people familiar with the matter. The IPO could raise at least $2 billion, setting a record for overseas share offerings by Southeast Asian companies. The plan, including the size and timing of the issue, has not yet been finalized and will depend on market conditions, the source said.
Li, head of Samsung, was sentenced to two and a half years in the retrial of Rongxing bribery case.
The Seoul High Court sentenced Samsung Electronics President Lee Jae-yong to two years and six months in prison on Monday afternoon in a retrial of the bribery case. In the previous trial, South Korean prosecutors asked the court to sentence Lee Jae-yong to nine years in prison. During the retrial, the independent procuratorial team and Lee Jae-yong debated how to evaluate Samsung's law-abiding surveillance committee around the issue of sentencing. Much attention has been paid to whether Lee Jae-yong was finally sentenced to a real sentence or a suspended sentence. In February 2017, Lee Jae-yong was suspected of asking the then President Park Geun-hye and her confidant Cui Ruiyuan to help him inherit the management rights and provide 29.8 billion won.
More Boeing Co 737 Max orders were cancelled near the end of FAA review.
Boeing Co reported on Tuesday that more orders for troubled Max models had been cancelled as the Federal Aviation Administration (FAA) review approached the "finish line". Boeing Co is currently facing the double crisis of the suspension of 737 Max and the epidemic situation of COVID-19. The company said its customers cancelled orders for 12 737s of Max in October and had no new orders that month. Its outstanding orders, including aircraft removed from its official backlog, shrank to 4275 from 4325 last month. In two Boeing 737 Max crashes resulting in 346
The Senate meets on Saturday to discuss Barrett's nomination, which will be confirmed on Monday.
The procedural vote will be held on Sunday and the final confirmation will be held on Monday. On Saturday afternoon EDT, the Senate will meet in a rare session to debate Justice Amy Coney Barrett's entry to the Supreme Court. In a few days, voters will decide whether Republicans will continue to control the Senate and the White House. Democrats strongly opposed the confirmation of Barrett's appointment so close to the election, boycotting the Judiciary Committee's vote on Thursday. Senator Chuck Schumer (Chuck Schumer), Democrat of New York, adopted four kinds of procrastination wars at the Senate meeting on Friday.
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