Connect with us


Wall Street is falling due to new signs of higher interest rates. Biden’s Failure Matters Too – Stock Exchange



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

Across the Atlantic stocks closed lower, and tech companies set the tone for the trend on a day when there were new signs of a Fed rate hike imminent.

The Dow Jones industrial index fell 0.49% to 36,113.62 points. On January 5 last year, it reached a level that was not there before, at 36,952.65 points.

Standard & Poor’s 500, in turn, fell 1.42% to 4659.03 points. In intraday trading on January 4, it reached its highest value ever – 4818.62 points.

For its part, the Nasdaq Composite Technology Index lost 2.51% to 14,806.81. Recall that on November 22 it reached a historical maximum of 16,212.23 points.

Technology companies lost the most positions under the pressure of a new signal in favor of an interest rate hike in the near future.

U.S. Federal Reserve Second Representative Lael Brainard assured this Thursday that the central bank is ready to interest rate hike in Marchif the measure is necessary to fight inflation.

“[A Fed] several increases are forecast throughout the year,” Brainard explained, answering a question during his confirmation hearing with the Senate Banking Committee. a gradual reduction in asset purchases (downsizing), which is expected to end in March.

This position is in line with what I said Fed President last Tuesday before the Senate. Jerome Powell said at his confirmation hearing that the Federal Reserve will be able to bring down inflation as the US economy recovers.

Powell also signaled that the central bank should start cutting its balance sheet this year, which was already implied last week. When will the protocol be released? last Fed meeting on monetary policy.

See also  The protests in China sent Wall Street into the red. Europe falls after Lagarde speech - Markets in a minute

The Fed chairman went on to say that he would not hesitate to take action if needed to contain price pressures. “If over time we have to raise interest rates more often, we will do so,” he stressed.

This monetary tightening by the central bank has led to higher interest rates on U.S. sovereign debt, essentially hurting tech companies that are trading at high prices after a sharp rise over the past two years, mostly thanks to low interest rates.

The other side of Joe Biden

Investors also digested the decision of the US Supreme Court, which was reported in the afternoon, rejecting a measure proposed by President Joe Biden to vaccinate more people.

Under his proposal, called “vaccination or test,” employees of large companies would be required to show a vaccination certificate to return to full-time work, or otherwise present negative tests.

This will result in 80 million workers being vaccinated or having to undergo periodic tests, which the Supreme Court has now blocked.

Citigroup has already threatened layoffs

At Biden’s suggestion, Citigroup had already announced late last week that it was laying off unvaccinated employees. On January 7, the US bank told its employees that it would terminate contracts with anyone who was not vaccinated by January 14.

Citigroup said it is strengthening its stance on covid-19 vaccinations at a time when the US is facing a new rise in infections. In a bank memo that Bloomberg had access to, Citi told its employees they must be vaccinated or they would lose their jobs.

See also  Portuguese businessman paid 25 million for the former family home of Espirito Santo - IVF

Anyone who refuses to be vaccinated before January 14 will be placed on unpaid leave, with the end of the month coinciding with their last days as bank employees, according to a message sent to all employees. A source close to the lawsuit also confirmed to Reuters this deadline set by the bank.

In late October last year, Citi asked its employees to submit a vaccination certificate by December 8, adding that whoever gets vaccinated will receive a $200 bonus. At the time, the bank had already set a January 14 deadline. This measure is known as “no jab, no work” (no shots, no work).

Another source told Bloomberg that more than 90% of bank employees have met this requirement to vaccinate workers in the US, which also gives them the opportunity to apply for an exemption from vaccination for religious or medical reasons.

Some of Wall Street’s biggest financial institutions, such as JPMorgan Chase and Goldman Sachs, have already introduced this vaccination requirement, but allow their employees to get vaccinated if they don’t go to work.

Many companies have been waiting for the U.S. Supreme Court’s decision on whether the Biden administration’s ruling – in the sense that the country’s largest companies are demanding vaccines or weekly coronavirus tests – would be constitutional. But today it was decided no.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


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



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.

Continue Reading


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



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…

Continue Reading


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



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.

See also  Gasoline 95 sold 4.2 cents above the "effective price". Diesel is 1.6 cents more expensive, according to ERSE

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.

Continue Reading