News

Glonghui June 9｜Nippon Steel subsidiary, United States Steel: Nippon Steel’s total investment in the Mon Valley plant could reach up to $2.5 billion, which is double the initial commitment. The latest forecasts show that the total investment could be around $2 billion to $2.5 billion. In August 2024, Nippon Steel announced that it would invest no less than $1 billion in the Mon Valley plant.

According to Odaily, The Kobeissi Letter posted on X that the ratio of the US stock market capitalization to GDP has risen to a record high of 238%. The current total market value of the stock market has reached $75.7 trillion, far exceeding the economic scale of about $31.8 trillion. Since the S&P 500 bottomed out on March 30, this ratio has increased by 38 percentage points, which is 90 percentage points higher than the peak level of around 148% during the 2000 internet bubble. Since the 2008 financial crisis, the growth rate of the US stock market has been five times that of the underlying economy.

Countdown to ECB Decision: Rate Hike Is a Certainty, Lagarde's Guidance on September Path Becomes Crucial