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Is it far from the Fed's overnight reverse repo usage exceeding $800 billion for the first time to scale back its bond purchases?
Original title: break the record again! Is it far from the Fed's overnight reverse repo usage exceeding $800 billion for the first time to scale back its bond purchases? Source: FX168 on June 23rd, the Fed's use of overnight reverse repos reached another record, exceeding $810 billion for the first time. Turnover in the Fed's reverse repo operation reached a record $813.573 billion on Wednesday as financial institutions continued to inject cash into overnight instruments. The $800 billion is already equivalent to the 10-month purchases of treasury bonds in the Fed's current round of QE. This is a sign that investors see little attraction in a low-yielding environment.
Cuba announces suspension of US dollar cash deposits
Cuba announced on Thursday that it would temporarily stop accepting US dollar cash bank deposits from June 21, as tougher US sanctions limit its ability to use dollars overseas, but will still accept dollar transfers. "it is becoming increasingly difficult for Cuba to find international banks or financial institutions that are willing to receive, exchange or process US dollar cash," the Cuban central bank said in a statement. " Some Cubans and analysts speculate that the move is to control the price of the dollar on the black market. Since the import-dependent country began to open stores that sell goods in hard currency and stopped selling dollars because of a shortage of cash, the black market price of the dollar has been
Investment Morning Post: the S & P 500 hits a record high and oil prices rise to their highest level in more than two years
Stocks in the United States closed higher on Thursday, with the S & P 500 closing above its record high set on May 7, as economic data appeared to support the Fed's assertion that the current upsurge in inflation would be temporary. All three major US stock indexes rose, with the NASDAQ leading the way among the market-leading big stocks. But economically sensitive transport stocks and small-cap stocks closed lower. The Dow Jones Industrial average rose 19.1 points, or 0.06%, to 34466.24. The Standard & Poor's 500 Index rose 19.63 points, or 0.47%, to close at 4239.18. The Nasdaq Index rose 108.58 points.
Zuckerberg plans to work remotely half the time: happier and more productive
Facebook announced on Wednesday that from June 15, employees at all levels of the company can apply to continue to work full-time remotely after the outbreak. Mark Zuckerberg, the company's founder and CEO, will take the lead. In an internal memo to employees, he said he planned to work remotely for half of the next year. "I find that telecommuting gives me more space to think about long-term problems and more time with my family, which makes me happier and more productive at work," Zuckerberg wrote in the memo. " A spokesman for Facebook confirmed that Zuckerberg in the coming year
Nasdaq can't show Berkshire-Hathaway's soaring stock price
According to a report by the American Broadcasting Corporation on the 8th, the trading price of Berkshire Hathaway Class A shares has now exceeded 421,000 US dollars per share and is showing an upward trend, climbing above 437,000 US dollars on the 7th. Although this news boosted investors' morale, it posed a hidden danger to the NASDAQ system. The report pointed out that since the stock price of Berkshire Hathaway, led by Buffett, is too high, the NASDAQ computer system is no longer able to record this price. As a result, the Nasdaq Exchange suspended the broadcast of Berkshire Hathaway Class A stock prices starting this Tuesday. Currently, there is nothing about this on its official website
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