The PCE data was not “alarmed”, and the Federal Reserve breathed a sigh of relief for the time being
Employment and inflation are still the two major problems plaguing the Federal Reserve. At 20:30 Beijing time, the US core PCE price index recorded an annual rate of 3.6% in August, in line with expectations. The US core PCE price index recorded a monthly rate of 0.3% in August, slightly higher than the forecast of 0.3%. The monthly rate of personal expenditure in the US recorded 0.8% in August, slightly higher than the forecast of 0.6%. After the data was released, spot gold rose more than 5 US dollars in the short term. As of 21:05, COMEX futures had an intraday increase of 2.00%, and is now reported at 22.47 US dollars/ounce. Lingfeng Global analysts believe that the data is in line with expectations, which indicates that
Burger King permanently banned 120 artificial additives in the United States
Burger King, a US fast-food giant, announced on Thursday that it will permanently ban the addition of 120 artificial ingredients to its US food menu and will launch a $6 Keep it Real Meals package from Sept. 12. "We know that customers' expectations are changing and they want to make choices that make them feel good," said Ellie Doty, Burger King's chief marketing officer. Burger King's "real stuff" package is selected by some celebrities and named after them.
Founder of Ark Investments: Tesla will be the next Apple
Cathy Wood, founder of Ark Investment, said in an interview last week that Tesla will follow in the footsteps of Apple and seize the largest share of profits in the industry. Wood also talked about her love for investing in this interview. She said, “I think I came to Earth just to do this. If I retired at age 57 instead of starting Ark, I wouldn't be a happy woman. I think I'm the carrier of something that's meant to happen.” “I love getting into this business as a woman. I have had so many amazing mentors who have given me the chance to grow. If one person — male or female — pleases the boss, but
The Weidmann: of the European Central Bank does not want to use its asset purchase program to cushion the impact of the exit of the epidemic-resistant bond purchase program.
"the two plans have different purposes and I will not interweave them like that," Jens Weidmann, a member of the ECB's governing council, said in an interview with the German business newspaper. "given that there is still uncertainty in both directions, it seems neither beneficial nor credible for me to make longer-term advance commitments at this moment. In my opinion, it is not so important to be specific about when to communicate, but it is important to communicate clearly and convincingly at that time. When the emergency of the pandemic emergency bond purchase program (PEPP) ends, it must also end. "I presently assume that not next year
Another crash warning! CEO of a capital management giant: US stocks are likely to plummet by more than 60%
Original title: Another crash warning! Capital management giant CEO: US stocks may plummet by more than 60% Source: FX168 At a time when the US stock market is at an all-time high, capital management giant Morgan Creek (Morgan Creek) CEO (Mark Yusko) recently warned that several indicators indicate that US stock valuations are too high, and that US stocks may plummet by more than 60% to return to a reasonable valuation level. According to a report by the well-known financial website Business Insider, Yusco doesn't go back and forth when talking about his market prospects. Yusko
Ackerman's blank check company may go public after a merger with Universal Music to create the largest SPAC deal to date
A special-purpose acquisition company of US billionaire investor Bill Ackerman is close to completing a merger and listing with Universal Music Group (UMG) in what would be the world's largest SPAC deal to date, valuing Universal Music at about $40 billion, according to people familiar with the matter. The combined SPAC deal between Southeast Asian ride-hailing giants Grab and Altimeter Growth Corp. Will take second place. The deal values Grab at more than $30 billion, according to SPAC Research. Affected by the news, Ai
Walmart plans to invest 350 billion dollars over the next 10 years to support American goods
Walmart promised to support American manufacturers and spend an additional 350 billion US dollars over the next 10 years on goods manufactured, grown, or assembled in the US. Walmart US CEO John Furner said in a blog post on Wednesday that the move will help create more than 750,000 jobs in the US. The company will focus its investments in plastics, small appliances, food processing, pharmaceuticals, and medical supplies. Furner said these investments will also reduce emissions by around 100 million tons through purchases closer to customers. This is part of the company's commitment to carbon neutrality by 2040. In 2013, this
The US service sector grew at its slowest pace in nine months in February
Us service sector growth slowed to its slowest pace in nine months in February as cold weather across much of the country restricted activity. The Institute for supply Management's services index fell to 55.3 from a two-year high of 58.7 in January, according to data released on Wednesday. A figure above 50 indicates growth. The February figure was lower than all economists surveyed by Bloomberg had expected. Indicators of new orders and business activity also fell to their lowest level since May. Although many service providers are still constrained by the epidemic, the February decline was due to weather, with polar eddies disrupting supply chains, causing power outages and affecting some areas
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