Tesla closed down 8.44 percent at $241.03, the biggest one-day drop since January 25 and the worst performer among the seven sisters in the U.S. stock market, with its total market value falling below $800 billion to $768.692 billion.
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Citigroup was once a shining star in the financial universe.
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Recently, Federal Reserve Chairman Powell stated at a congressional hearing that the Federal Reserve does not need to wait for inflation to fall below 2% before considering interest rate cuts. If the wait is too long, inflation may be too low, far below 2%, which is not what the Federal Reserve hopes to see.
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Against the backdrop of continued uncertainty and challenges in the global economy, the Reserve Bank of New Zealand (RBNZ) has announced that it will keep its official cash rate (OCR) unchanged at 5.5%, which not only reflects the RBNZ's prudent assessment of current economic conditions, but also signals a subtle adjustment in monetary policy by major central banks around the world.
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Recently, the US economy and job market have shown significant cracks, attracting widespread attention from global financial markets.
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Last week, the Bank of England warned in its semi-annual Financial Stability Report that defaults on loans to high-risk borrowers -- the lifeblood of private equity-owned companies -- had jumped 250 per cent.
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The global debt problem has been a persistent problem for many years, and as of now, the total global debt has reached a historic high, far exceeding the total global GDP.
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Recently, the World Gold Council reported that India's gold reserves increased by the largest amount in two years in June, which has attracted widespread attention in the international financial market.
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Recently, large banks in the United States have announced higher dividend payouts, which has attracted widespread attention and discussion in the financial sector.
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Recently, a shocking news broke in the financial industry, announcing that Switzerland and the United States have reached an agreement on the exchange of financial account data.
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On September 12th, the 80th session of the United Nations General Assembly passed a resolution in favor of the "New York Declaration" on the peaceful settlement of the Palestinian issue and the implementation of the "two-state solution" with a vote of 142 in favor, 10 against (including the United States and other countries), and 12 abstentions.
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