Cart

0

Economy

“Black Friday shoppers drop record-breaking $7.4B in online sales”

“On Black Friday, shoppers spent a record-breaking $7.4 billion, according to preliminary data published by Adobe Analytics, which measures transactions from 80 of the top 100 online retailers. It marks the second-largest online sales day ever, falling slightly short of last year’s Cyber… Continue Reading…

Banking, Economy

“New York Fed Adds $115.14 Billion in Short-Term Liquidity to Markets”

“The New York Fed added $115.14 billion to financial markets via temporary operations on Thursday. The liquidity additions came in two parts. One was an overnight repurchase agreement with eligible banks totaling $80.14 billion, and the other was via a… Continue Reading…

Business, Economy, Real Estate

“Apple Commits $2.5 Billion to Ease California Housing Crunch”

“Apple on Monday announced a $2.5 billion plan to help address the housing crisis in California, becoming the latest tech giant in the state to address a problem that it helped cause… Apple joins other Big Tech companies based in… Continue Reading…

Economy

“[P.O.T.U.S.] Says China to Boost Farm Spending to Up to $50 Billion”

“China will at least double its spending on U.S. agriculture as part of a partial trade accord between the two countries that’s likely to be well received by crop traders when markets reopen. Under terms of the arrangement, spending will… Continue Reading…

Banking, Economy

“New York Fed Adds $82.7 Billion To Financial System in Latest Repo Transaction”

“The Federal Reserve Bank of New York added $82.7 billion to the financial system Friday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets. Banks asked for $21.15 billion in 6-day loans, all of… Continue Reading…

Economy, Stocks

“Hong Kong Stock Market Retracts Offer to Buy London Exchange”

“Hong Kong’s stock exchange will no longer proceed with its nearly $37 billion offer to buy its London competitor, it announced on Tuesday morning, in a setback for the exchange’s long-running effort to build a closer connection to European markets…” https://www.nytimes.com/2019/10/07/business/hong-kong-london-stock-exchange.html

Banking, Economy

“Fed Adds $63.5 Billion to Financial System in Repo Transaction”

“The Federal Reserve Bank of New York added $63.5 billion to the financial system Monday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets…” https://www.wsj.com/articles/fed-adds-63-5-billion-to-financial-system-in-repo-transaction-11569846438

Banking, Economy

“Fed Adds $110.1 Billion to Financial System in Latest Transaction”

“The Federal Reserve Bank of New York added $110.1 billion to the financial system Thursday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets…” https://www.wsj.com/articles/fed-adds-110-1-billion-to-financial-system-in-latest-transaction-11569505632

Banking, Economy

“NY Fed to pump $75 bn into money markets daily through Oct 10”

“The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates. The Fed will… Continue Reading…

Business, Economy

“Apple TV+ spending more than $6 billion on new shows, plans to launch before Disney+: report”

” Apple Inc. AAPL, +1.60% has committed to spending more than $6 billion on original content for its upcoming streaming-video service, which it expects to launch within two months, the Financial Times reported Monday. … Bloomberg News report Monday said Apple is weighing a price of $9.99… Continue Reading…