The Federal Reserve REPO program involves the moving of VAST amounts of cash back and forth between itself and major financial institutions OVERNIGHT.
Author: admin (Kendrick Williams)
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MAMMOTH LIES FROM GENETICISTS PROMOTING “DE-EXTINCTING”
To hear Ben Lamm and Eriona Hysolli of Colossal Biosciences tell it, bringing the Woolly Mammoth back from extinction via genetic technology and the power of AI, has nothing to do with professional glory, or money.
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TOP TREND 2024 EV GO FU: SPINOFFS
Volvo has cut off funding to the Polestar electric vehicle (EV) venture. The EV brand, launched in 2017, is a joint venture between Volvo and Chinese car company Geely, which also owns a majority interest in Volvo.
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SPOTLIGHT: CHINA’S ECONOMIC GLOOM
About 40 percent of asset managers attending a Goldman Sachs conference in Hong Kong last week called Chinese equities “uninvestable,” the Financial Times reported.
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TOP TREND 2024 BANKS GO BUST: BANKS BRACE
On 31 January, New York Community Bancorp’s (NYCB’s) share price plunged by a record 38 percent after the company announced it will make sharp cuts to its stock dividend and hoard cash.
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TOP TREND 2023, OFFICE BUILDING BUST: STERNLICHT FORECASTS $1 TRILLION IN LOSSES
“The office market has an existential crisis right now,” Barry Sternlicht, CEO of real estate investment fund Starwood Capital Group, said on 30 January at the iConnections Global Alts conference.
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SPOTLIGHT: WAR IN THE RED SEA—THE ECONOMIC IMPACT
Ship traffic through the Suez Canal has fallen to about 75 vessels a week during the first half of January, compared to roughly 200 a year earlier.