Investors' enthusiasm for treasury bills has cooled when the US debt ceiling is undecided
Although large amounts of money are floating around in the financial system, many investors have not actively participated in the recent issuance of treasury bills. This nonchalance stems from uncertainty over what is known as Day X — the date the US Treasury exhausted its borrowing authorization based on the debt ceiling. Furthermore, the Treasury Department is also somewhat confused about supply issues, and investors have invested a record $1.087 trillion in the Federal Reserve's reverse repurchase operation to earn slightly higher returns. Further reading: The scale of use of the Federal Reserve's reverse repurchase tool surged to a record high of $1.087 trillion, the Ministry of Finance issued $40 billion on Thursday
The growing shortage of healthcare workers in the US has brought some healthcare systems to the limit once again
According to data from the US Department of Health and Human Services (HHS), there is a serious shortage of healthcare workers in more than a dozen states. In Texas and Hawaii, hospitals are setting up tents to expand space. The federal government sent hundreds of ventilators to Florida, rarely using the ventilator national strategic reserve. Meanwhile, in some states with severe epidemics, hospitals say their reception capacity is reaching saturation, once again selectively canceling surgeries and refusing to accept referrals. This is also a wake-up call for places where the number of cases has just begun to pick up. “Our most important thing is lack of people,” Healthcare Association of H
Powell: there is still some way to go before considering raising interest rates
Powell, chairman of the Federal Reserve, said at a press conference after the interest rate resolution that there is still some way to consider raising interest rates, and it is obviously not time for the Fed to raise interest rates. Powell reiterated that the economy is still some way from making substantial progress. The Fed left the target range of the federal funds rate unchanged at 0-0.25% on Wednesday and said the economy was making progress towards meeting the conditions for underweight bond purchases.
Powell: the timing of adjusting asset purchases will depend on economic data
Fed Chairman Powell said at a press conference after the interest rate resolution that the Fed will continue to buy Treasuries and mortgage-backed securities (MBS) until progress is made. Powell said the Fed assessed those considerations on how to adjust asset purchases, and the timing of the adjustment would depend on economic data. Powell said the Federal Open Market Committee (FOMC) will continue to evaluate the goals of maintaining price stability and achieving full employment and will continue to provide more transparency on policy considerations. The Federal Reserve kept its benchmark interest rate at near zero on Wednesday in line with market expectations.
Michael Weiner Succeeds Edward Fitzpatrick As Genpact CFO
Genpact Ltd (NYSE:G) appointed Michael Weiner as the CFO, effective Aug. 10.Weiner succeeds Edward Fitzpatrick, who has served as Genpact's CFO since 2014. Fitzpatrick will remain with the company as
Us sunscreen carcinogen fermented CVS announced suspension of sale after Johnson & Johnson
CVS Health, the second-largest drugstore operator in the US, announced on Thursday that it had suspended the sale of two sunscreen products under its aloe vera brand after reports that some sunscreen products in the US market contained high levels of benzene, a chemical that can cause leukemia. A spokesman for CVS said the suspension of the two products was a matter of caution and that the company was working with suppliers of both products to "take appropriate additional steps". Earlier this week, Johnson & Johnson announced that it would recall five sunscreen sprays of Neutrogena and Aveeno brands from the market because of the possibility
Nearly $500 billion has flocked to ETF so far this year. Wall Street has no choice but to join the craze.
Money managers in the United States couldn't stop the money rush to ETF, so they decided to follow suit. Today's situation is more like a jostling one after another, and everyone is rushing in. ETF attracted more money in seven months than in any single year since records began. Currently as high as $488.5 billion and rising, it could break the full-year record of $4970 set in 2020 within weeks or even days. The influx of money reflects a historic surrender for the mutual fund industry. Investors have long turned to cheaper, easier to trade and more tax-efficient tools. Now, even the most famous
Chip shortages worsened delivery times extended to a record 18 weeks
From automotive manufacturing to consumer electronics, these chip-scarce industries will have to wait longer to get components as order delivery delays are getting worse. According to research by Susquehanna Financial Group, chip delivery time in May — the time from order to pickup for semiconductors — increased 7 days to 18 weeks from the previous month, indicating that chipmakers' difficulty in meeting demand is worsening. This gap is already the longest waiting time since the agency began tracking this data in 2017, longer than the previous peak in 2018
Suntech Q1 Financial report 2021: gross profit up 25.6% year-on-year Cash income up 14.9% year-on-year
Stock speculation to see Jin Kirin analyst research report, authoritative, professional, timely, comprehensive, to help you tap the potential of the theme opportunity! On May 25th, the head company of adult education, Suntech Institution (NYSE:STG), released its Q1 financial report for 2021. In the first quarter of 2021, the net income of Suntech institutions reached a record high of 694 million yuan (US $106 million), an increase of 22.9% over the same period last year, and 145525 new students, an increase of 107.6% over the same period last year. In response, Liu Tongbo, CEO of Suntech, said: "We are encouraged by the operational and financial results in the first quarter. This is due to the fact that we have
Pre-market: PMI data Dow futures up 0.5%
Stocks in Europe and the United States rose as fears about inflation abated and the latest euro zone PMI data showed positive performance. As of press time, Dow futures are up 0.5%, S & P 500 futures are up 0.4%, and Nasdaq futures are up 0.4%. The FTSE 100th index in the UK rose 0.1 per cent, Germany's DAX index rose 0.4 per cent and France's CAC-40 index rose 0.2 per cent. Yields on 10-year Treasuries fell slightly. The yield on the benchmark 10-year Treasury note fell to 1.618%. The yield on the 30-year Treasury note fell to 2.323%. At a time when US bond yields are falling, the dollar is still at
Wenyuan Zhixing completed a new round of financing company valuation reaching 3.3 billion US dollars
Chinese autonomous driving startup Wen Yuan Zhixing announced on Thursday that it has completed a round of financing of hundreds of millions of dollars. The company's valuation has reached 3.3 billion US dollars, but no specific amount of financing has been disclosed. Investment institutions in this round include IDG Capital, Hechuang Investment, Cornerstone Capital, Cypress Star, Yunjiu Capital, K3 Ventures, etc., while early investors of Wenyuan Zhixing, CMC Capital, Qiming Venture Capital, and Linfeng Capital continue to participate. Currently, Wenyuan Zhixing is conducting autonomous driving tests in China and the US. In January of this year, the company was approved to officially start autonomous driving tests in Haizhu District of Guangzhou, and won the US last month
Ohio set up a million-dollar prize to encourage residents to be vaccinated
Mike Devon, the Republican governor of Ohio, announced an unusual vaccination award-a million-dollar prize and a college scholarship-on Wednesday to encourage more residents to be vaccinated against COVID-19. Starting May 26, adults in Ohio who have received at least one dose of the vaccine will be allowed to participate in the lottery, and the winner will receive $1 million. The lottery will last for five weeks and will be held every Wednesday, with five winners. In addition, five vaccinated Ohio residents under the age of 18 will be randomly selected, and the winners will receive a four-year scholarship from a public university in the state, including tuition fees,
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