Tag: economy
The Reverse Repo (#RRP) facility has dropped sharply to $239 billion, down from $285 billion last Friday, marking its lowest level since May 2021.
This decline indicates reduced demand for the Federal Reserve’s overnight lending facility, where institutions park excess cash in exchange for…
Rexel shares surged to their highest in four years after the French electrical equipment supplier turned down a takeover bid exceeding $9 billion from QXO.
The rejection signals Rexel’s confidence in its current business strategy and growth prospects, as well as its valuation. The company’s…