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Parkd Secures $4.3m Contract for John Hughes Automotive's Multi-level Car Storage Facility in Perth
Building solutions innovator Parkd (ASX: PKD) has been awarded a $4.3 million stage 2 design and construction contract with John Hughes Automotive Group for a multi-level car storage facility supporting its Volkswagen service centre in the Perth suburb of Victoria Park.
The use of overnight reverse repurchase tools by the Federal Reserve hit a record high for the second day in a row.
In an effort to find a place for large amounts of money, demand for the Fed's reverse repo tool to control short-term interest rates rose to a record high for the second day in a row. On Thursday, about 46 institutions deposited about $497.4 billion with the Fed through overnight reverse repurchase agreements. That surpasses the record of $486.1 billion set on Monday, according to the New York Fed. The Fed's overnight reverse repo tool does not provide returns at all, but the demand for reverse repos is growing because of the flood of liquidity in the dollar financing market. The causes of excess liquidity are in addition to the asset purchases by the Federal Reserve and the reduction of the account cash balance by the US Treasury to make the system accurate.
Has the sell-off in US stocks just begun?
US stocks have fallen sharply recently, but this should come as no surprise to anyone. The valuations of many stocks are already at historic highs. Now, as interest rates rise, most of the stock market faces the risk of a revaluation. One very important reason for the sharp rise in US stocks before is that low interest rates provide support for high valuations. Interest rates have risen sharply in recent weeks. This makes stocks more expensive compared to bond yields. If stock valuations need to be readjusted to this change in interest rates, it means that US stocks may experience a more severe sell-off, with a decline of more than 20%. The price-earnings ratio of the S&P 500 index starts at 202
Fisker rose more than 15% after it was announced that it would partner with Foxconn to produce electric cars.
Fisker rose more than 15% after it was announced that it would partner with Foxconn to produce electric cars, which are scheduled to start production in the fourth quarter of 2024.
JinkoSolar Holding Co Ltd has risen by more than 2%, and the company has recently won a large order for high-efficiency components in India.
JinkoSolar Holding Co Ltd (JKS.N) rose more than 2%, and the company recently signed a large project order for Tiger Pro series of efficient components in India with India's two largest EPC companies.
General Electric Co: lay off 15% or further layoffs in 2020
General Electric Co employed 174000 people worldwide by the end of 2020, compared with 205000 at the end of 2019 and laid off 15 per cent, according to the latest filing to SEC of the US. However, the company said it was likely to cut further jobs this year. It is understood that among the business units, the aviation sector has the largest number of layoffs, with a reduction of 23% to 40, 000, 16% to 47000 in the health care sector, 10.5% to 34000 in the power sector, and 7% to 40, 000 in the renewable energy sector. In the past three years, General Electric Co has been fired.
US Judge Dismisses “Siri Privacy Breach” Lawsuit Consumers Can Still Appeal
Sina Tech News reported on the evening of February 10, Beijing time, that Apple won a “Siri privacy leak” lawsuit today. In August 2019, Apple faced a class action lawsuit for allowing contractors to listen to users' recordings through Siri. The plaintiff stated that Siri recorded conversations without the user's consent. Of course, Siri's probation may be short because US District Judge Jeffrey White (Jeffrey White) of the US District Court of Auckland, Gali, also said that consumers are allowed to revise and re-file lawsuits. Except for Apple Siri
The Federal Reserve's "New year's first Show": hold still to keep interest rates near zero
At 03:00 on Thursday, January 28, Beijing time, the US Federal Open Market Committee (FOMC) released its latest interest rate resolution, keeping the benchmark interest rate at 0%, the excess reserve ratio (IOER) at 0.1%, and the discount rate at 0.25%, in line with market expectations. The meeting is the Fed's first interest rate decision in 2021.
The vaccine news cheered investors up! What kind of sector is the best choice to invest in US stocks in 2021?
Original title: vaccine news cheered investors up! What kind of sector is the best choice to invest in US stocks in 2021? On Tuesday, November 10th, market analyst Elliot Smith wrote that Pfizer Inc's good news about the release of the vaccine has made investors more optimistic about financial markets in 2021. Barclays believes that because of Biden's victory and the good news about the vaccine, the two major tail risks facing the market have been greatly reduced, which bodes well for reflation trading. UBS advises investors to focus on cyclical sectors in the future, avoiding big technology and those that benefit from home isolation. Pfizer Inc releases the vaccine is good.
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.
Press Release: Parker Drilling Makes Statement Regarding Recent Stock Splits
*DJ Parker Drilling Makes Statement Regarding Recent Stock Splits >PKDC (MORE TO FOLLOW) Dow Jones Newswires (212-416-2800) April 14, 2020 17:13 ET (21:13 GMT) Press Release: Parker Dr
Parker Drilling: Mr. Esslemont Succeeds Gary Rich, Who Retired From the Co at End of 2019 >PKDC
*DJ Parker Drilling Co Appoints Sandy Esslemont Pres, CEO and Member of the Bd of Directors (MORE TO FOLLOW) Dow Jones Newswires (212-416-2800) March 23, 2020 18:00 ET (22:00 GMT) *DJ Par
Press Release: Parker Drilling Company Announces Stock Split Ratios to Effectuate the Going Dark Transaction
*DJ Parker Drilling Company Announces Stock Split Ratios To Effectuate The Going Dark Transaction >PKDC (MORE TO FOLLOW) Dow Jones Newswires (212-416-2800) March 19, 2020 18:48 ET (22:48
Parker Drilling Sets Reverse Split Ratio of 1-for-50>PKDC
*DJ Parker Drilling Company Announces Stock Split Ratios To Effectuate The Going Dark Transaction >PKDC (MORE TO FOLLOW) Dow Jones Newswires (212-416-2800) March 19, 2020 18:48 ET (22:48
Press Release: Parker Drilling Reports 2019 -4-
*DJ Parker Drilling 3Q Loss $2.12M >PKDC (MORE TO FOLLOW) Dow Jones Newswires (212-416-2800) March 03, 2020 16:35 ET (21:35 GMT) *DJ Parker Drilling 3Q Loss/Shr 14c >PKDC (MORE
Parker Drilling 3Q Loss/Shr 14c >PKDC
*DJ Parker Drilling 3Q Loss $2.12M >PKDC (MORE TO FOLLOW) Dow Jones Newswires (212-416-2800) March 03, 2020 16:35 ET (21:35 GMT) *DJ Parker Drilling 3Q Loss/Shr 14c >PKDC (MORE
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