Treasury Reveals Details Of Long-Term Securities Auctions
The Treasury Department on Thursday announced the details of this month’s auctions of three-year and ten-year notes and thirty-year bonds.
The Treasury revealed it plans to sell $58 billion worth of three-year notes, $38 billion worth of ten-year notes and $24 billion worth of thirty-year bonds.
The results of both the three-year and ten-year note auctions will be announced next Monday, while the results of the thirty-year bond auction will be announced next Tuesday.
Last month, the Treasury also sold $58 billion worth of three-year notes, $38 billion worth of ten-year notes and $24 billion worth of thirty-year bonds.
The three-year note auction attracted strong demand, the ten-year note auction attracted roughly average demand and the thirty-year bond auction attracted slightly below average demand.
Watch Fed Chair Jerome Powell debate the global economy with the IMF live
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Federal Reserve Chairman Jerome Powell is participating in a virtual debate on the global economy presented by the International Monetary Fund.
Joining Powell will be IMF Managing Director Kristalina Georgieva, Ireland Finance Minister Paschal Donohoe and Ngozi Okonjo-Iweala, director general of the World Trade Organization.
The event will be moderated by CNBC's Sara Eisen.
Powell and his Fed colleagues have been largely upbeat on the economy as of late, though he has expressed concern over the uneven nature of the economic recovery. The Fed is committed to keeping policy loose until it reaches full and inclusive employment along with inflation running around 2%.
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Apple To Use Tesla Battery Packs At California Solar Project
Apple will use Tesla battery packs to store energy from a solar farm in Northern California that eventually will help power the iPhone maker’s headquarters in Cupertino, California.
Apple reportedly will use 85 Tesla lithium-ion “megapacks” for the project.
Apple is constructing grid-scale energy storage project “California Flats” that will be capable of storing 240 megawatt-hours of energy, enough to power more than 7,000 homes for one day.
The project supports the company’s 130-megawatt solar farm that provides all of its renewable energy in California, by storing excess energy generated during the day and deploying it when it is most needed.
Apple said Wednesday that more than 110 of its manufacturing partners around the world are moving to 100 percent renewable energy for their Apple production.
Lisa Jackson, Apple’s vice president for Environment, Policy, and Social Initiatives said, “We are firmly committed to helping our suppliers become carbon neutral by 2030 and are thrilled that companies who’ve joined us span industries and countries around the world, including Germany, China, the US, India, and France.”
Last July, Apple unveiled its plan to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030.
Apple is already carbon neutral for its global corporate operations, and the new commitment means that by 2030, every Apple device sold will have net zero climate impact.
The company recently shared new details about its $4.7 billion spend in Green Bonds to support environmental projects around the world.
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Deshaun Watson’s attorney pushing for women to attach their names to lawsuits against Texans QB
Over the past several weeks, 22 unnamed women have filed lawsuits against Deshaun Watson, alleging sexual misconduct or assault by the Houston Texans quarterback.
Now, Watson's attorney, Rusty Hardin, is asking that they come forward publicly.
Hardin announced Thursday that his team has filed a motion in Harris County District Court asking a judge to require one of the women, known only as "Jane Doe," to refile her lawsuit with her name included – and to do so within two business days.
A spokesperson for Hardin confirmed that his team is filing similar motions in the other cases, effectively pushing for all 22 plaintiffs to attach their names to their complaints.
Two of the women, Ashley Solis and Lauren Baxley, came forward publicly during a news conference Tuesday hosted by Tony Buzbee, their lawyer.