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Burgundy Technology Acquisition to redeem public shares as co fails to carry out merger
Focus on risk factors US WTI crude oil closed down 2.3% on Monday
In the early morning of the 21st Beijing time, U.S. crude oil futures closed lower on Monday. Markets are paying close attention to risk factors such as financial risks, US negotiations to raise the federal debt ceiling, and the COVID-19 pandemic. Edward Moya, senior market analyst at Oanda, said, “Financial risks make investors worry about the prospects for global economic growth.” West Texas Intermediate (WTI) futures for October delivery on the New York Mercantile Exchange fell $1.68, or 2.3%, to close at $70.29 per barrel on Monday.
The pace of recruitment in the United States accelerated in June, the largest increase in non-farm payrolls in 10 months.
The pace of hiring in the US accelerated in June, with the largest increase in employment in 10 months, suggesting that companies have achieved greater success in recruiting staff to keep up with expanded economic activity. Non-farm payrolls rose 850000 month-on-month, driven by strong job growth in the leisure and hospitality industries, according to data released by the Labor Department on Friday. The number of new non-farm payrolls was revised up to 583000 in May. The unemployment rate rose slightly to 5.9 per cent, as more people left voluntarily and the number of job seekers rose. Economists surveyed by the media had a median forecast of 720000 for the increase in non-farm payrolls in June. "the situation is picking up," headhunter In
Director of the White House National Economic Council: Biden will not compromise on the scale of the stimulus package
Brian Deese, director of the National Economic Council, said in an interview with MSNBC on Wednesday morning that the Biden administration would not compromise on the speed or scale of the stimulus package. "We need to act quickly, which has always been the focus of the president," Deese said. "I think you have heard what the president said," Deese said. "he will not compromise on the speed and scale of the stimulus package. In the end, we need a rescue package to help us get out of the economic crisis and get on a positive track." Note: majority leaders say the House of Representatives will vote on Friday.
Musk: Starlink satellite internet speed will double by the end of the year and is expected to cover the world next year
SpaceX CEO Elon Musk said the company's Starlink satellite internet service “will double the speed for customers later this year.” “Later this year, the speed will double to ~300MB/s, while the delay will drop to ~20ms,” Musk said on social media on Monday. Musk added that by the end of 2021, Starlink's service will cover most customers worldwide, and is expected to have full global coverage next year. He emphasized that Starlink and other satellite broadband services
Uber's revenue in the fourth quarter was lower than expected and its outer disk business soared by 130%.
Us ride-hailing giant Uber released its fourth-quarter results after trading on Wednesday. Revenue fell 15.5% to $3.17 billion in the fourth quarter from a year earlier, with a market expectation of $3.57 billion, a loss of 54 cents per share and an expected loss of 56 cents per share, according to the results. Uber said it lost $968 million in the fourth quarter based on generally accepted accounting principles (GAAP), and the market expected a loss of $1 billion, an improvement from a loss of $1.1 billion a year earlier. For the whole of 2020, Uber's net loss totaled $6.77 billion, compared with the previous year.
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