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"Divine operator" Bank of America predicts that "terror data" will fall by 0.6% tonight.
Bank of America has forecast US retail sales for three months in a row. Can it continue to be "brilliant" tonight? In the past three months, Bank of America Corporation's forecast for retail sales data has almost hit the mark. Since the spring, BofA has not only been ahead of the market but also highly accurate in the release of monthly retail sales forecasts. The following is a comparison of BofA's and Bloomberg's forecasts for retail sales from June to August. In past forecasts, BofA often took a different view from the prevailing market view, and BofA once again issued a different voice on the upcoming US retail sales figures for September. It is widely predicted that US retail sales will fall by 0.2% in September, while Bank of America Corporation's
Ghosn sequela: Nissan awarded $354 million in United Arab Emirates
A court in the United Arab Emirates ruled on Thursday that the car had to pay 1.3 billion dirhams ($354 million) to a local partner for violating a car distribution agreement in the region. The company, Al Dahana FZCO, was founded by people linked to former Nissan chairman Carlos Ghosn, which accused Nissan of violating its contractual obligations in 2019, just months after Mr. Ghosn was arrested in Tokyo. Ghosn later fled Japan to avoid trial and now lives in Lebanon. Nissan said its partnership with the company ended in 2019 and had fully fulfilled the contract.
J.P. Morgan: Should we hedge against Fed policy risks? This market is more suitable
Original title: J.P. Morgan: Should We Hedge Federal Reserve Policy Risks? This market is more suitable for the source: Jinshi Data J.P. Morgan said that investors who want to hedge against the risk of changes in the Federal Reserve's policy should consider investing in the credit market rather than stocks. Strategists led by Marko Kolanovic wrote in this Monday's report: “Although it is expected that there will be some fluctuations in the credit market in the future, the hedging cost of investing in the credit market is lower compared to other hedging schemes. Since mid-July, interest spreads on highly valued US bonds and high-yield bonds have continued to widen. Meanwhile, as the market digests d
The annual meeting of global central banks will be held this week, waiting for the Fed to declare its position.
Original title: the annual global central bank meeting held this week, waiting for the Fed to declare its position, the annual Jackson Hole annual meeting of global central banks will be held this week, which has always been regarded as a bellwether for the next stage of policy direction of the world's central banks, especially the Federal Reserve. The same is true of this year's meeting. It is widely expected that Federal Reserve Chairman Colin Powell will disclose more details of the plan to scale back bond purchases at this meeting. In response to the impact of the COVID-19 epidemic, the Federal Reserve has been buying $80 billion of US Treasuries and $40 billion of mortgage-backed securities every month since last year to provide additional stimulus to the economy. Now, the Fed is facing
General Motors Co's $1 billion recall of all Bolt EV battery suppliers LG will compensate for the losses.
A few days ago, General Motors Co said that because of the risk of fire in the high-voltage battery pack, 1 billion US dollars would be needed to expand the recall of Bolt electric vehicles. It is a blow to the largest US carmaker as it seeks to boost sales of electric vehicles. General Motors Co also said that because of this problem, the sales of electric vehicles will be suspended indefinitely and will seek compensation from battery supplier LG. The recall covers 73000 vehicles from 2019 to 2022. LG said in a statement: "the ratio of reserves to recall costs will depend on the results of a joint investigation into the root cause, currently by
Federal Reserve Kaplan: We are closely watching the impact of the Delta variant and may adjust our views on policy
US Dallas Federal Reserve Chairman Robert Kaplan (Robert Kaplan) said on Friday that he is closely monitoring any impact of the Delta variant of the coronavirus on the economy. If economic growth slows drastically, it may be necessary to “slightly” adjust his views on policies. “The Delta variant is spreading rapidly,” Kaplan said. Kaplan has previously stated that he hopes the Federal Reserve will start to reduce the size of asset purchases in October. “Until now, it (the Delta variant) has not had a substantial impact on consumer activities such as eating out,” he said, but “it has had a return to the office
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