Former Fed Chairman Alan Greenspan said that he believes there is a persistent threat of a marked rise in inflation. He said that although some of the factors pushing up prices may be temporary, rising government debt and other potential pressures may keep inflation at a high level for a long time. "Unfortunately, the trend of inflation is still pointing well above the average of about 2% over the past 20 years," he wrote in a report released by Advisors Capital Management on Monday.

Tesla entered the trillion-dollar market capitalization club on Monday. With the global auto industry's transformation to electric vehicles, Tesla's stock price rose like a rainbow, and finally passed this critical milestone. Since it went public in June 2010, Tesla has exceeded $1 trillion in market value in just 11 years. The rate of increase is second only to Facebook. The latter has been sold off in the past two months and its market value has fallen to 1 Below trillions of dollars. In the trillion-dollar market capitalization club, the only other US listed companies are Apple, Microsoft, Alphabet Inc. and Amazon.

The Democrats in the United States are closer to reaching a consensus on President Biden's economic agenda. Senator Joe Manchin, who has been working to reduce the size of the plan, said that he is expected to reach an agreement on the outline of the plan this week. Manchin's speech on Monday marked a major reversal of his protracted forecast for the consultation meeting last week. This is the best positive signal that has emerged recently after months of quarrels within the Democratic Party over tax and spending plans.

According to a new report issued by the United Nations, although countries have made a series of new climate commitments, global warming is still approaching catastrophic levels. The study released on Monday before the Glasgow Climate Summit shows that if countries do not set more ambitious emission reduction targets in the short term, the world will rise by 2.7 degrees Celsius by 2100. The rate of increase will far exceed the target set by the 2015 Paris Agreement signed by various countries, which is less than 2 degrees Celsius, and strive to control it at 1.5 degrees Celsius.

The world’s largest social media company Facebook Inc. announced strong revenue growth in the third quarter, but gave a flat forecast for the current quarter’s revenue due to continued resistance from Apple’s restrictions on consumer data collection and uncertainties related to economic recovery after the epidemic . Revenue in the third quarter increased by 35% to 29 billion U.S. dollars, and Bloomberg aggregated analysts’ average forecast for 29.5 billion U.S. dollars. Facebook said in a Monday announcement that the number of monthly active users of the company's flagship Facebook application rose to 2.91 billion, while analysts predicted 2.92 billion.

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