
spiritual
@sp0
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The US December ISM Manufacturing PMI rose for the second consecutive month in December last year, with both orders and production rebounding, indicating that the cloud over the manufacturing industry may begin to dissipate. According to output indicators, the rebound in demand has helped achieve the first month of production growth since May. Meanwhile, the survey shows that more manufacturers are laying off employees at a faster pace. The employment index in December fell to 45.3, a decrease of nearly 3 points, the largest since July last year. Among the five indicators that make up the overall PMI index, all other indicators have improved. Timothy Fiore, Chairman of the ISM Manufacturing Business Survey Committee, said, "Demand has improved, production execution has achieved the performance of November and the company's goals; layoffs are still ongoing but should end soon, with minimal price growth @ftogghvvb 0 reply
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According to DLNews, David Marcus, former head of Meta's (formerly Facebook) stablecoin project Diem, revealed new details about the project's failure. He claimed that political intervention was the reason for the failure of the project, rather than non-compliance with regulatory requirements. Marcus stated that the project fully complies with regulatory requirements and is ready for a small-scale launch in 2021, but US Treasury Secretary Janet Yellen told Federal Reserve Chairman Powell that approving the project would be a 'political suicide'. Shortly thereafter, the Federal Reserve put pressure on banks to withdraw. Caitlin Long, CEO of CustodiaBank, said that her company is also facing similar attacks. "One day... I will be able to tell the real story of what the Federal Reserve did to CustodiaBank." She added, "There is too much corruption." Previously, a16z founder Marc Andreessen revealed that 30 tech founders had their accounts revoked by the bank solely due to their involvement with digital currencie 0 reply
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