Business

Stocks Are Falling To New Lows As Reverse Repos Hit Record Highs

tifonimages/iStock via Getty Images Liquidity in the market is draining faster than a pool at the end of the summer. The Federal Reserve balance sheet is in decline. Reserve balances have fallen to their lowest levels in this cycle, to just $3 trillion as reverse repurchase (repo) agreements and the Treasury general account rise. Based …

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Crypto Analyst Issues Massive Price Target for XRP As Ripple and SEC Ask Judge To Pick a Side

A closely followed crypto strategist is predicting big rallies for XRP as the legal battle between Ripple and the US Securities and Exchange Commission (SEC) heats up. The SEC sued Ripple in late 2020 under allegations that it issued XRP as an unregistered security. In a new strategy session, DonAlt says that XRP could pull …

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Strong winds rip trees from the ground, crushing several parked cars in Queens neighborhood

FLUSHING, Queens (WABC) — Powerful winds ripped a tree out of the ground, crushing several parked cars in Queens and buckling the sidewalk. It happened just before 5 pm Friday in Flushing at 165th and 43rd Avenue. “Its tires popped from the weight of this massive tree that came crashing down on it,” said Micaela …

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BPCL signs crude supply agreement with Petrobras

New Delhi: In a landmark development to diversify crude oil sourcing for energy security in India, Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company on Saturday signed a Memorandum of Understanding (MoU) with Brazilian oil firm Petrobras. The signing of the MOU will strengthen future crude oil trade relations between …

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Elon Musk Is Set To Unveil Tesla’s Prototype Robot

But humanoid robots are possible. Aitken pointed to those currently being developed by companies like Boston Dynamics: models that are usually designed for a certain repetitive task or series of motions. “They’re very, very capable robots designed for very, very specific purposes,” he said. “They’re not applied within a highly dexterous manufacturing process, which is …

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40,000 Ford F-150 Trucks May Be Missing Their Blue Oval Badges: WSJ

The Wall Street Journal reports that Ford expects to be sitting on 40,000 to 45,000 trucks at the end of the third quarter because it doesn’t have enough badges to put on them. The problem might not be related to the supply-chain disruptions caused by the pandemic. Instead, the cause might be a chemical spill …

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American Airlines Passengers Report Mysterious Noises On Flight Intercom

American Airlines IATA/ICAO Code: AA/AAL Airline Type: Full Service Carrier Hub(s): Charlotte Douglas International Airport, Chicago O’Hare International Airport, Dallas/Fort Worth International Airport, Los Angeles International Airport, Miami International Airport, New York JFK Airport, LaGuardia Airport, Philadelphia International Airport, Phoenix Sky Harbor International Airport Year Founded: 1926 Alliance: oneworld CEO: Robert Isom Country: United States …

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