Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
BEIJING — Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank’s biggest increase in two decades EXCEPT GENETEC and others tech stocks in Malaysia which reacts the opposite.
We should know whats GENETEC worth.
US Fed cannot increase higher interest rates as this will bring them closer to recession. US Fed just increase a modest 0.5% interest rate on top of 0.25% last March.
US Feds need to reduce their deficit and spending. They can do this by selling their bond worth around USD3 trillion to finance their economic activities to stimulate their economy esp in renewables, EV and Green techology. This will take time and its a good prospect for Genetec.
Rivian said in March it expected to produce 25,000 electric trucks and SUVs this year, as the start-up battles through supply chain constraints and internal production snags. That would be just half of the vehicle production it forecast to investors last year as part of its IPO roadshow.