On November 18th local time, the three major stock indexes of US stock closed higher, and most technology stocks fell.
comprehensive Xinhua News Agency , CCTV News reported that on November 18, local time, US Attorney General Merrick Garland announced the appointment of former federal prosecutor John L. Smith as special prosecutor to handle the investigation into former US President Trump . On the 17th local time, seven Democratic senators wrote to the Federal Trade Commission, calling for an investigation into whether they ignored users and violated the privacy agreement reached with the committee since Musk took over Twitter .
interest rate hike The pace of US stocks closed up hard on the 18th
On November 18, local time, the three major U.S. stock indexes closed up. The Dow Jones Industrial Average rose 199.37 points, with rising at 0.59%, to 33,745.69 points; the Nasdaq rose 1.10 points, to 0.01%, to 11,146.06 points; the S&P 500 index rose 18.78 points, to 0.48%, to 3,965.34 points.
The market is worried that continued interest rate hikes will hit the economy hard. Major U.S. stock indexes have fallen for days, and despite the rebound on Friday, they still fell cumulatively throughout the week.
Most technology stocks fell, Apple rose 0.38%, Amazon fell 0.75%, Netflix fell 2.47%, Google parent company Alphabet fell 0.95%, and Microsoft fell 0.19%.
Most popular Chinese stocks fell.
Commodity , international gold and silver futures prices and international crude oil prices have fallen one after another.
US Federal Reserve Bank President James Brad said on the 17th that the Federal Reserve Bank of St. Louis may have to raise the benchmark interest rate to much higher than previous expectations to control inflation.
Brad's remarks increase the possibility that the Fed rate hike will make borrowing costs higher for consumers and businesses and further exacerbate the risk of recession.
Before Brad said this, other Fed officials recently spoke out that they only see limited progress at most when using steady rate hikes to curb inflation. But Brad's point is more important because he is a voter on the Fed's interest rate setting committee this year.
The Fed has quickly raised the benchmark interest rate by 75 basis points in its last four meetings - the fastest series of rate hikes since the early 1980s. The cumulative effect makes loans more expensive for many consumers and businesses and increases the risk of recession. In terms of economic data, on November 18 local time, the US Economic Consulting Bureau stated that the US leading economic index fell 0.8% in October; according to data released by the National Association of Real Estate Brokers on the same day, the US existing home sales in October fell 5.9% month-on-month and 28.4% year-on-year.
U.S. Attorney General announced the appointment of special prosecutors
Inquiry into Trump
On November 18th local time, U.S. Attorney General Merrick Garland announced the appointment of former federal prosecutor John L. Smith as special prosecutor to handle the investigation into former U.S. President Trump. The focus of the investigation includes the handling of confidential documents of Mar-a-Lago and the relevant situation of the Capitol Hill riots on January 6, 2021.
Russia:
is discussing "replacement of prisoners" with the United States through "special channels"
Russian Deputy Foreign Minister Sergei Ryabkov said on November 18 that the Russian side is discussing the exchange of detainees through "special channels". The intended exchange of personnel includes Russian businessman jailed in the United States Victor Butt .
Riyabkov told media reporters that Russia and the United States have not reached a consensus on "replacement of prisoners", but continue to maintain contact through "special channels". He said that "replacement of prisoners" is not just an issue, and he hopes that the two sides can finally reach a specific agreement and implement it.
Butt was sentenced to 25 years in prison in the United States in 2012 on charges of illegal sale of weapons and participation in the murder of American citizens. According to US media reports, Russia has repeatedly expressed his intention to be released to the US.
Ukrainian Foreign Minister said that
Ukrainian experts have started working at the site of the missile fall of the
Ukrainian Foreign Minister Kureba posted on social media on the 18th local time that Ukrainian experts have worked at the site of the missile fall of Poland. He also thanked Poland for providing opportunities for Ukrainian experts to enter the investigation site and said that Ubo is continuing to cooperate.
US Democratic senators wrote to federal law enforcement agency
requested investigation Twitter
0 On the 17th local time, seven Democratic senators wrote to the US Federal Trade Commission, calling for an investigation into whether they ignored users and violated the privacy agreement reached with the committee since Musk took over Twitter.
According to reports, Democratic senators who signed the letter included Richard Blumenthal, Elizabeth Warren and Cory Booker. They asked the FTC to consider enforcement actions against Twitter companies and individual executives in due course.
"In recent weeks, Twitter's new CEO Musk has taken shocking measures to undermine the integrity and security of the platform and announced new features that despite clear warnings, these changes will be abused for fraud, fraud and dangerous impersonation," lawmakers wrote in a letter to FTC Chairman Lena Khan.
lawmakers are worried that Musk "changes Twitter's internal censorship and data security practices will pose risks to consumers", and that Twitter violated the legal settlement terms reached with the Federal Trade Commission in 2011.
refuses to "long-term high-intensity work"
Another wave of Twitter employees leaving
social platform Twitter has significantly laid off employees, another wave of employees began to resign on the 17th because they refused to accept the ultimatum of the new boss Elon Musk , that is, they ask them to "long-term high-intensity work."
US media reported on the 17th that employees who "survived" the layoffs in Twitter received an email on the 16th, asking them to fill out a form before 5 pm on the 17th to explain whether they want to stay in the company and are willing to become "extremely hardcore" employees.
Musk wrote in an email that employees who refuse "hardcore" will receive resignation compensation equivalent to three months' salary.
It is reported that as the final deadline for submitting the form approaches, some employees have said goodbye to Twitter's internal communication platform. Several employees wrote that they left the company where they worked for many years with a heavy heart.
Edited by: Zheng Yashuo
