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Nomura Securities warns that the US economy has entered a "slowdown" phase
The market expects the Fed to take tougher measures to reduce bond purchases and raise interest rates. In recent months, the performance of US macroeconomic data has been generally disappointing, which has pushed GDP growth expectations to rock bottom. On Tuesday, the Atlanta Fed's GDPNOW model predicted US GDP growth of just 0.5 per cent. At the same time, the market expects the Fed to take tougher measures to reduce bond purchases and raise interest rates. The above situation superimposes soaring "non-temporary" price changes, and everything seems to point to "stagflation". Charlie McEllig, analyst at Nomura Securities
GM will replace battery modules for electric vehicles at risk of fire
General Motors Co said on Monday that all battery modules would be replaced for some Chevrolet Bolt electric vehicles that were recalled last month. GM announced last month that it would recall nearly 69000 Chevrolet Bolt electric vehicles worldwide because of defective battery modules and the risk of fire. This is the second time in less than a year that the company has recalled the electric car. After the first recall in November, there were two fires, including a Chevrolet Bolt with upgraded software. GM said on Monday that it would replace the recalled vehicle's lithium-ion battery module with a new battery module, rather than the entire one.
Wells Fargo's work schedule for employees to return to the office will be roughly similar to that before the epidemic.
Wells Fargo is working on a plan to return to the office, which will begin in September and tell employees that their schedule will be about the same as it was before the outbreak. The bank, which has the largest number of employees in the United States (nearly 260000), said in an internal memo on Friday that employees who have been working remotely will be recalled to their offices from Sept. 7, a process that will continue until October. The bank will also start collecting vaccinations for its employees next week. "when we return, our schedule will be broadly similar to the way we worked before the pandemic, with additional flexibility," said Scott Powe, chief operating officer
Wall Street is willing to invest in American oil companies again, but it is still difficult to increase production of shale oil.
Original title: Wall Street is willing to invest in American oil companies again, but shale oil is still difficult to increase production source: FactSet due to rising oil prices and other reasons, energy companies are able to raise money on Wall Street at ultra-low borrowing costs. But most investors do not want them to use the money to increase crude oil production. A few years ago, when American oil production was booming, the company raised money from Wall Street to boost crude oil production. Now, however, things have changed. According to LCD, the global market intelligence unit of Standard & Poor's, speculative energy companies, including oil producers, pipeline operators and refineries, have set a record this year.
How long will it take for global crude oil demand to return to pre-epidemic levels?
Original title: how long will it take for global crude oil demand to return to pre-epidemic levels? Demand for crude oil is surging, but it has not fully recovered. On the one hand, there is still an epidemic blockade around the world, which means that people are still spending less on dining out and services, and on the contrary, spending more money on home life. On the other hand, physical consumption is still booming, boosting demand for naphtha for plastics and diesel oil, which is consumed by trains and trains carrying these goods, and at the same time, it has also contributed to a jump in consumption of liquefied petroleum gas (LPG), which is the main fuel for life in parts of Asia. Of course
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