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Anonymous ID: 839f2e Nov. 8, 2023, 1:46 p.m. No.19882905   🗄️.is 🔗kun   >>2977 >>3166 >>3344 >>3421 >>3486

Virgin Galactic to cut workforce by 18%

Nov 8th, 15:36:31

 

(Reuters via PiQSuite.com) - Virgin Galactic Holdings on Wednesday announced a workforce reduction of approximately 185 employees, constituting about 18% of its workforce.

 

https://PiQSuite.com/reuters/virgin-galactic-to-cut-workforce-by-18

Anonymous ID: 839f2e Nov. 8, 2023, 1:51 p.m. No.19882928   🗄️.is 🔗kun

Closing Wrap - Wednesday 08.11

HEADLINES

BoC Governing Council Split On Whether Rates May Need To Move HigherFed’s Cook Says Worsening Geopolitical Tensions Pose Market RiskUS Lawmakers Want Biden To Hike Tariffs On Chinese-Made VehiclesBiden And Xi Prepare To Restart Military-To-Military ChannelsEurozone Consumers Raise Inflation Expectations In Headache For ECBECB Policymakers Keen To Cool Euphoria Over Inflation DropBoE’s Bailey: ‘Too Early’ To Talk About Interest Rate CutsQatar Pursues Oil Deal After Brokering End To Venezuela SanctionsWarner Bros Discovery Shares Dive After Warning Over Debt TargetBiogen Cuts Profit Forecast On Alzheimer's Drug Launch, Deal CostsEV Market’s Surge Toward $57 Tln Sparks Global FlashpointsAirbus Edges Towards 2023 Delivery Goal After 18% Increase In OctEli Lilly Gets FDA Approval For New Obesity DrugQatar-Mediated Talks Trying To Secure Release Of 10-15 Hostages Held By HamasRussia Turns To Longtime Arms Customers To Boost War Arsenal

COMMENTARY

Dollar Continues Recovery From Selloff, Yen Watched For Intervention

The dollar gained for a third day on Wednesday as it continued to recover from a sharp selloff last week on rising confidence that the Federal Reserve has ended its interest rate hiking cycle.

 

 

Traders also remained on alert for potential intervention in the Japanese yen as it holds above the 150 level against the dollar. (CNBC - Continue Reading)

 

US Lawmakers Want Biden To Hike Tariffs On Chinese-Made Vehicles

A bipartisan group of U.S. lawmakers want the Biden administration to hike tariffs on Chinese-made vehicles and investigate ways to prevent Chinese companies from exporting to the United States from Mexico.

 

 

Representative Mike Gallagher, a Republican who chairs a select committee on China, and the panel's top Democrat, Raja Krishnamoorthi and Michigan Representatives Haley Stevens and John Moolenaar urged U.S. Trade Representative Katherine Tai in a letter to boost the current 25% tariff on Chinese vehicles. (Yahoo - Continue Reading)

 

BIS Researchers Say Stablecoins Are Failing to Live Up To Promise

Stablecoins do not live up to their name, economists and analysts at the Bank for International Settlements said in a report published on Wednesday.

 

 

"Not one of the stablecoins assessed in this paper has been able to maintain their closing prices in parity with their peg," the paper from the international organization said. Stablecoins are usually pegged to assets like the U.S. dollar.

 

 

Stablecoins have been seen by some as an alternative form of payment. However, "to serve as a medium of exchange, they must also be able to maintain their peg during the day," something which the report said does not happen consistently enough. (CoinDesk - Continue Reading)

 

https://www.livesquawk.com/report/evening_3157