The House of Representatives passed the largest infrastructure package in decades in the United States on Friday, marking the victory of President Biden, and will spend $550 billion in new spending on roads, bridges, public transportation and other projects in the next few years. The result of the voting was 228 votes in favor and 206 votes against, and the bill will be sent to Biden for signature. Thirteen Republicans supported the bill, and six Democrats voted against it. Without the support of some Republicans, the bill would not pass. The progressive and moderate camps within the Democratic Party were deadlocked at the last minute. The Speaker of the House of Representatives Pelosi was forced to intervene. It was resolved after several hours of intense negotiations and the intervention of the President.

The U.S. job market was back on track last month. The number of employees increased more than expected, and employment in various industries generally increased, indicating that as the impact of the delta mutant strain subsides, U.S. employers have made progress in filling millions of job vacancies. . Data released by the US Department of Labor on Friday showed that non-agricultural employment increased by 531,000 in October, and the September data was also revised upwards. The unemployment rate fell to 4.6%, and the labor participation rate remained flat.

Despite stronger-than-expected employment data, U.S. Treasury bonds soared on Friday, marking their biggest two-day gain in more than a year. British government bonds led the rise of global government bonds for the second consecutive day, as investors expected the Bank of England to maintain ultra-low interest rates for a longer period of time.

Musk proposed to sell 10% of Tesla's shares on Twitter on Saturday, and conducted a poll on Twitter. Now the netizens' response is coming: sell. Just after 14:15 on Sunday, New York time, the voting ended. Among the 3.5 million Twitter users who participated in the vote, 58% of netizens expressed their support for Musk to sell these stocks. According to Musk's 170.5 million Tesla shares, the value of these shares is approximately $21 billion.

A day after OPEC+ ignored Biden’s call for increased production, Saudi Aramco sent a bullish signal to the oil market and raised the official price for all buyers of the country’s crude oil. Saudi Aramco raised the price of Arab Light for Asian customers by US$1.40-2.70 per barrel in December. Last week’s survey revealed that the market had expected the state-owned producer to raise prices between 50 cents and 1 US dollar. Previously, OPEC+ ignored the call of US President Joe Biden to speed up the pace of production increase and insisted on the established plan to increase production by 400,000 barrels per day next month.

Berkshire under Warren Buffett now has a record amount of funds to invest. Berkshire’s earnings report on Saturday showed that its cash reserves reached a new high of $149.2 billion in the third quarter, exceeding the record high set in early 2020. Although during this period, Buffett also invested $7.6 billion to repurchase the company's stock, setting the third highest level on record since the board of directors adjusted the repurchase policy in 2018. Buffett has been facing the problem of too much Berkshire money but lack of high-yield assets available for investment.

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