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Close: us bond yields rise to pressure the Dow closed down 570 points and the Nasdaq fell 2.8 per cent
In the early morning of the 29th Beijing time, US stocks closed lower on Tuesday. Rising U. S. bond yields put pressure on stock indexes. Investors continue to pay attention to the budget stalemate in the U.S. Congress. Powell said the Fed almost met the conditions for scaling back its bond purchases. U.S. Treasury Secretary Yellen stressed that if Congress does not raise the debt ceiling, there will be a financial crisis and disaster. The Dow fell 569.38 points, or 1.63%, to 34299.99; the Nasdaq fell 423.29 points, or 2.83%, to 14546.68; and the S & P 500 fell 90.48 points, or 2.04%, to 4352.63. Treasury yields on Tuesday
Us Treasury Secretary Yellen will resist reform plans to weaken cryptocurrency
Last month, the White House and Senator Portman, Republican of Ohio, agreed to a proposal to require cryptocurrency brokers to increase tax compliance to help pay bipartisan infrastructure bills. The agreement has been strongly criticized by cryptocurrency investors, who believe it will give the Biden administration broad powers to weaken the growing cryptocurrency sector. Treasury Secretary Yellen spoke with lawmakers on Thursday to oppose the cryptocurrency reform plan proposed by Republican senators, two sources said. The Biden administration is resisting a bipartisan proposal by senators from both parties in the infrastructure bill, which would increase the link to cryptocurrencies
The value of global negative-yield bonds exceeds $16 trillion and approaches an all-time high.
FX168 Financial News (Hong Kong) on Thursday, the value of global negative-yield bonds soared to more than $16.5 trillion, the highest level in six months, as a rebound in global bonds pushed borrowing costs below zero. Government bond yields have plummeted in recent weeks as a result of an influx of traders, a move that has caught many investors who expect the economy to rebound from the pandemic and rising inflation to raise long-term borrowing costs. This week, the yield on Japanese 10-year bonds fell below zero for the first time since December. In Europe, the yield on German 10-year bonds fell to minus 0.51%, the highest since early February.
EXCLUSIVE: Betsy Cohen On FTAC Olympus Acquisition's Payoneer: Co. Has Spent Last 10 Years Investing In Its Space, Notes Co. Has 5M Global Customers, Says Mgmt. Is Listening To Needs Of Its Users
https://www.youtube.com/watch?v=mqi96R_L1u0
JD.com rose more than 10% before trading. Q4 revenue and net profit were better than market expectations.
JD.com rose more than 10% before trading, and its revenue and net profit in the fourth quarter were better than market expectations. JD.com released Q4 and full-year results, showing that net revenue in the fourth quarter was 224.3 billion yuan, compared with 170.7 billion yuan in the same period last year, and the market estimated 219.52 billion yuan; after adjustment in the fourth quarter, the income per ADS was 1.49 yuan, and the market forecast was 1.24 yuan. The annual revenue in 2020 is 745.8 billion yuan, and the market is expected to be 740.582 billion yuan, compared with 576.888 billion yuan last year; the net profit is 49.405 billion yuan, and the market is expected to be 25.146 billion yuan, compared with 12.184 billion yuan last year. By 2020
Baidu, Inc. rose more than 3% before trading, and his revenue and net profit in the fourth quarter were better than market expectations.
Baidu, Inc. rose 3.6% before trading, with revenue and net profit better than the market expected in the fourth quarter, and announced that he had confirmed the CEO and brand of the electric vehicle joint venture with Geely. Baidu, Inc. 's financial report shows that Baidu, Inc. achieved 30.3 billion yuan in revenue in the fourth quarter, and the net profit attributed to Baidu, Inc. (non-American GAAP) reached 6.9 billion yuan, exceeding market expectations for four consecutive quarters. In 2020, Baidu, Inc. earned 107.1 billion yuan in revenue and 22 billion yuan in net profit (non-GAAP). In addition, Li Yanhong, chairman and CEO of Baidu, Inc., revealed at Baidu, Inc. 's unaudited financial conference call for the fourth quarter and the whole year of fiscal year 2020 that Baidu, Inc.
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