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Up 16% Greenhawk Purchases $2.7 Million Debenture And Signs LOI With CG International Petroleum
Production of the Lucid electric vehicle begins. It is scheduled to be delivered by the end of October, and its battery life exceeds that of Tesla
US electric vehicle startup Lucid Motors said on Tuesday that its Arizona plant began production of the long-delayed Lucid Air electric vehicle, and is expected to begin delivering the high-spec Lucid Air Dream Edition in late October, with a range exceeding that of Tesla. The company said it has received more than 13,000 bookings for Lucid Air, with prices starting at $7.74 million. The company also said it has increased the total planned production of the high-end Lucid Air Dream Edition to 520 vehicles. This one
The scale of use of the Federal Reserve's reverse repurchase tool surged to a record high of $1.087 trillion
With an excess of US dollars, the scale of use of the Federal Reserve's reverse repurchase instrument has once again soared to over 1 trillion US dollars. On Thursday, 74 institutions deposited $1.087 trillion in the Federal Reserve's overnight reverse repurchase operation, a record high. According to data from the New York Federal Reserve, the previous record high was 1.04 trillion US dollars set on July 30. This result was not very surprising, but it did bring into focus once again the situation where the downward pressure on short-term interest rates intensified due to imbalances in short-term capital markets. Market watchers are betting that as the US Treasury reduces the supply of treasury bills and cuts cash reserves to avoid breaking through the debt ceiling,
The Federal Reserve keeps its benchmark interest rate unchanged, saying the economy has made progress towards the target needed to reduce the size.
At 02:00 on Thursday, July 29th, Beijing time, the US Federal Open Market Committee (FOMC) released its latest interest rate decision, leaving the benchmark interest rate in the 0.5% range, the excess reserve rate (IOER) at 0.15%, and the overnight reverse repo rate at 0.05%, in line with market expectations. The Fed said it would continue to increase its holdings of Treasuries by at least $80 billion a month and at least $40 billion in mortgage-backed securities until substantial progress was made in the committee's goal of full employment and price stability. The statement said
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