2021-08-23 17:25:02
#news
A summary of the most interesting news: August 23
Investors have been waiting for an economic symposium in Jackson Hole to get hints from the Fed about the timing and parameters for cutting the $120 billion monthly bond-buying program. The event will be held Thursday and Friday in a virtual format.
Chinese technology stocks rose in Hong Kong on Monday, thanks to bargain hunters, after the sector's strongest decline in months.
The "Down Game" financier has bet on a drop in U.S. government bonds.
For the first time since July, no new local cases of coronavirus have been reported in China.
The odds of a second term for Fed Chair Powell increase with Yellen.
$PFE $BNTX The U.S. FDA is expected to give full approval to Pfizer's Covid-19 vaccine, BioNTech, this week. It was previously reported that the FDA would grant full approval on Monday, August 23.
$PYPL $COIN $HOOD #BTC PayPal will allow customers in the UK to buy, sell and store cryptocurrencies starting this week.
$MRNA South Korea's Ministry of Health said Moderna Inc. will deliver 7.01 million doses of the vaccine to the country by the first week of September.
$IBM IBM unveiled details about its new IBM Telum processor, designed to enable deep learning AI.
Peloton Interactive ($PTON) may introduce its new rowing machine faster than expected.
The judge said the November ballot measure that allowed Uber, Lyft and DoorDash to continue to treat their drivers as independent contractors was invalid and unconstitutional.
Chevrolet Bolt electric cars are being recalled worldwide due to fire risks. The recall will cost General Motors $1 billion.
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