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Technology Pressures, Anxiety Reduction, and Powell on Wall Street – Stock Exchange

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Delta Option Reduces US Equity And Interest On Debt - Stock Exchange

The Dow Jones Industrial Average fell 1.63% to 34,299.99, while the Standard & Poor’s 500 dropped 2.04% to 4,352.64, the biggest drop since May.

The technology Nasdaq Composite fell 2.83% to 14,546.68 points.

Tech companies were once again among the worst performing companies as interest rates on 10-year US debt peaked in late June at over 1.53%, in anticipation of a monetary tightening by the Fed.

This comes after the central bank announced last week that it should begin removing stimulus (“tightening”) for the economy from November and signaling that interest rates could be raised earlier than expected. But the timing of the “narrowing” has not yet been determined, which heightens anxiety in the markets.

If interest rates on debt continue to rise, this could further affect technology stocks, which have low dividend yields.

tough day

Equity markets were having a rough day on Tuesday, both in Europe and the US, at a time when investors are no longer risk averse, said Craig Earlam, senior market analyst at Oanda, in a research note.

“There has been so much to learn over the past week, from the Evergrande versus Lehman comparisons to ‘so far okay’ that investors seem to be increasingly worried about what comes next. Not much has changed in recent days, but perhaps attitudes have changed, ”said an analyst at Oanda.

And he continues: “Last week, the central bank [BCE e Fed] The point is that inflation was (above all) transient, and that the phase of the need for emergency stimulus is almost over. The recovery is slowing but is forecast to pick up steam again, as will price pressures. While this message does not appear to have changed this week, investors are not looking very comfortable. “

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“Possibly an excuse for using the waterfall to buy [o chamado ‘buy the dip’] is losing ground in a world where central banks plan to end stimulus because of rising inflation rather than economic strength. Or perhaps the “winter of discontent” is becoming an increasingly disturbing reality at a time when energy shortages are causing prices to skyrocket, ”says Craig Earlam.

“Or is the endless list of risk factors finally starting to influence sentiment when investors, like central banks, feel insecure about what will happen next in the next 12 months? It is happening in the markets, it doesn’t look like it will disappear any time soon, ”he said. he predicts.

Yellen warns of “shutdown”

Market participants also took a close look at the statements made by Fed Chairman Jerome Powell and US Treasury Secretary Janet Yellen before the Senate Banking Committee.

Yellen warned that the federal government could run out of cash as of Oct. 18 unless Congress takes action to raise the US debt ceiling after the proposal was passed. sinker yesterday in the senate

Senate Republicans have blocked a proposal that has already passed the House of Representatives and aims to fund the federal government and lift the debt ceiling. Thus, the proposal was aimed at avoiding a “stop” by the federal government and a potential default on the payment of US debt.

The remark comes after Republicans called on Democrats to come up with a separate debt limit proposal, leaving Congress with no clear plan to keep the administration afloat from September 30.

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September 30 is the date that current government funding expires, and the 2022 budget is due to take effect the day after. Avoid stopping federal government services from mid-October (when the available money “runs out”), and the country will need to suspend or increase the country’s debt limit in the coming weeks to prevent a “default,” CNBC emphasized yesterday.

CNN points to the possibility that Democrats may decide to remove the debt ceiling suspension from the federal funding proposal, instead trying to pass – as it has done before – a preliminary law that allows agencies to continue funding. This legislative measure is known as the Continuity Resolution. Although there is no final agreement on the federal budget, the “stop” can thus be avoided with this short-term financial solution. [“stopgap spending bill”]…

The interim bill, approved by the House of Representatives last week, will fund and keep the government “open” until December 3. In addition, this measure included the suspension of the debt ceiling until December 16, 2022. As time goes on to resolve the debt limit problem, Congress may only have until mid-October – when the federal government can no longer pay your bills, as Yellen said today.

Powell’s problems

Powell, meanwhile, faced burning questions from some senators who criticized the central bank’s asset trading guidelines, as well as financial regulation and diversification measures.

Democratic Senator Elizabeth Warren was one of the fiercest critics, calling Powell “dangerous” and saying she would not endorse him for a second term at the head of the central bank.

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“Your actions have made our banking system less secure, and it makes you a dangerous person to head the Fed. And so I will object to your reappointment, ”he said, quoting Bloomberg.

“The Republican Fed chairman, who regularly voted to deregulate Wall Street, cannot put our economy on a financial cliff again. I don’t think it’s worth the risk, ”Warren said.

Powell’s term expires at the end of January, and Bloomberg reported that White House officials are considering recommending President Joe Biden keep him in office. Yellen already showed her support for Powell last month, which is seen as a strong recommendation since she was the Fed chairman herself.

Speaking to the Upper House Banking Committee – the day after the two regional Fed presidents announced their resignations after scrutinizing their investments, Powell today defended the central bank and set out to make the necessary improvements to Federal Reserve policy.

Powell, who ordered a reassessment of the Fed’s code of ethics earlier this month, added that the central bank is also reviewing transactions conducted by regional Fed presidents to ensure they are legal and in line with current guidelines.

This comes after Democratic Senator Sherrod Brown said at the start of today’s hearing that he intends to pass legislation prohibiting Federal Reserve officials from owning shares in companies.

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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