Ethereum fell below $3100 per coin, down 7.14% intraday

Ethereum fell below $3,100 per coin, dropping 7.14% intraday

Popular Chinese concept stocks have mixed performance, with JD.com rising by over 2%, XPeng, Li Auto, iQIYI, NetEase rising by over 1%, and Vipshop slightly increasing. Tencent Music, Pinduoduo, Baidu fell by over 1%, Futu Holdings, Alibaba, Nio slightly declined

Mixed performance of popular Chinese concept stocks, JD.com rises more than 2%

The yield on the 10-year US Treasury benchmark bond fell as traders anticipate a rate cut by the Federal Reserve. The yield on the 2-year US Treasury bond rose, while the yields on the 20-year and 30-year US Treasury bonds fell

US Treasury prices surged and then fell back, with the 10-year US Treasury yield dropping by about 3 basis points. Traders are betting on an imminent interest rate cut by the Federal Reserve

The European Union has accused the company of abusing its dominant position in the classified ads market by bundling Facebook Marketplace with its social network, in violation of EU antitrust rules. It is expected that the EU will make a decision this autumn

$13.4 billion! Meta will face the EU's first antitrust blow, the highest tech company fine in EU history

According to an announcement from Novo Nordisk, the European Medicines Agency (EMA) supports the company's use of the weight-loss drug Wegovy to reduce the risk of stroke and heart disease. The EMA's Committee for Medicinal Products for Human Use believes that this decision is based on extensive research data supported by Novo Nordisk, which found that Wegovy can reduce the risk of major heart diseases by one-fifth. On Thursday, Novo Nordisk's US stock price fell nearly 4% at one point, but the decline was halved later

Novo Nordisk's weight loss drug Wegovy receives approval from the European Union, reducing the risk of major heart disease by 20%

Xiaomi Auto has completed land acquisition and will usher in the construction of its phase two factory, which is scheduled to commence in 2024 and be completed in 2025. Currently, Xiaomi Auto's phase one factory has an annual production capacity of 150,000 vehicles, but the delivery cycle is still relatively long. In order to accelerate delivery speed, Xiaomi Auto factory has started a double-shift mode and carried out production line upgrades. Xiaomi founder Lei Jun stated that it is expected to achieve the annual delivery target of 100,000 vehicles ahead of schedule in November. In addition, Xiaomi will also launch new car models this year, and the phase two factory will provide new production capacity for the new models

Xiaomi's Phase II factory for automobiles is here

BMO Capital raised Amazon's target price from $220 to $230, maintaining an "outperform" rating

BMO Capital raises Amazon's target price to $230

On Thursday, the stocks of new energy vehicles rose. As of the time of writing, Tesla rose by over 3%, Li Auto rose by 1.8%, Nio rose by over 1.5%, and XPeng Motors rose by over 2%. Musk recently proposed to Tesla shareholders a bold idea: whether Tesla should invest $5 billion in his artificial intelligence startup xAI. This proposal has sparked widespread discussion in the Tesla community, with over two-thirds of respondents voting in favor. The proposal comes after Tesla announced disappointing profits for the fourth consecutive quarter. During the earnings call, Musk was asked whether Tesla would invest in xAI or integrate its chatbot Grok into Tesla's software. Musk responded by saying, "Tesla has learned a lot from xAI," and added that xAI has played a significant role in advancing autonomous driving technology. He made it clear that if shareholders approve, he personally supports Tesla's investment in xAI

U.S. Stock Market Update | New Energy Vehicle Stocks Rise, Tesla Surges Over 3%

Dong Yuhui decided to leave EAST BUY and Yu Minhong directly gave the company's subsidiary to Dong Yuhui, selling the equity to him for 76.59 million RMB. EAST BUY will continue to focus on its own business model. Dong Yuhui took away a net profit of 140 million RMB, using 76.5855 million RMB to pay for the equity with Huixin. In addition, Yu Minhong also helped Dong Yuhui find a new office space. The reason for leaving was the uncertainty caused by public opinion about the company, with drastic stock price fluctuations and a decrease in credibility

Dong Yuhui's solo journey is not easy

Dong Yuhui is flying solo: The dusk of the "top stream model" in live e-commerce

董宇辉官宣离职并与辉同行独立运营，导致东方甄选股价下跌超过 2%。董宇辉离职后，东方甄选掉粉 4 千，而与辉同行涨粉 4.2 万。东方甄选和与辉同行已签订出售协议，买方将收购与辉同行的 100% 股权，代价为人民币 7658.55 万元。东方甄选和与辉同行都进行了直播带货。

董宇辉官宣离职后与辉同行 2 小时涨粉 4.2 万，东方甄选掉粉 4 千！新东方美股跌超 2%

On Thursday, European carmaker Stellantis saw its stock price fall, with the stock dropping over 9% to $17.79 as of the time of writing. The company's first-half profit plummeted by 48% to 5.6 billion euros, far below the market's average expectation of 7 billion euros, due to the adverse effects of reduced sales volume, product portfolio, foreign exchange, and restructuring costs. Revenue also declined by 14% to 85 billion euros. During the period, Stellantis' delivery volume in North America decreased by 18%, with a significant drop in profit margin, mainly affected by declining sales and unfavorable product mix. CEO Carlos Tavares stated that the company's first-half performance fell short of expectations, reflecting both the challenging industry environment and the company's own operational issues. The company is taking corrective measures to address these problems, expecting to save an additional 500 million euros in costs in the second half of the year, while also confirming the launch of 20 new models this year

US Stock Market News | Stellantis drops more than 9% as first-half profit falls 48%, below expectations

The three major U.S. stock indexes experienced mixed movements. The Dow Jones Industrial Average fell by 0.1%, the S&P 500 Index rose by 0.1%, and the Nasdaq Composite Index increased by 0.1%. Most semiconductor stocks declined, with New Oriental falling by about 4%

US Stock Market Morning Session: New Oriental EDU & Tech down about 4%, Ford Motor down about 14%, gold stocks generally down

On Thursday, Ford Motor's stock price fell sharply, dropping over 17% to $11.335 as of the time of publication. The company's second-quarter revenue was $47.8 billion, a year-on-year increase of 6.2%; adjusted earnings before interest and taxes (EBIT) were $2.8 billion, a year-on-year decrease of 26.3%, with analysts expecting a year-on-year decrease of 1.8% to $3.73 billion; adjusted earnings per share (EPS) were $0.47, a year-on-year decrease of 34.7%. The company's electric vehicle business continued to operate at a loss. Revenue for the electric vehicle division, Ford Model e, fell by 37% year-on-year to $1.1 billion. "Due to ongoing pricing pressures and investments in the next generation of electric vehicles, it is expected that the Ford Model e division will incur losses of $5 to $5.5 billion in 2024." Ford Motor stated that the electric vehicle business incurred an EBIT loss of $1.1 billion in the second quarter, attributed to continued pricing pressures across the industry and lower wholesale prices. Just two days prior, Ford Motor admitted that its previously set goals for electric vehicle development in Europe were too aggressive and that it would abandon the goal of full electrification of its European models by 2030

U.S. Stock Market Update | Electric vehicle sector continues to lose money, Ford Motor drops more than 17%

Analysts warn that the summer market trading is light, and if the Japanese Yen continues to appreciate, it may lead to cross-asset liquidation, thereby increasing volatility and forced selling

The surge of the Japanese Yen affects global assets! How powerful is the reversal of arbitrage trading that once fueled the 2008 financial crisis?

The number of initial jobless claims in the United States last week decreased more than expected, but the number of continued jobless claims increased. The Federal Reserve's interest rate hike has led to a slowdown in the labor market, with a rate cut expected in September. Strong consumer demand and labor market flexibility are helping to avoid an economic recession

The number of initial jobless claims in the United States unexpectedly came in lower than expected, but there is one "bad news"!

US chip stocks weaken, NVIDIA's intraday decline expands to 5%, Arm drops more than 10%, Micron Tech drops more than 3%

The U.S. economy grew faster than expected in the second quarter, indicating that demand remains stable despite the pressure of high interest rates. The main growth engine of the U.S. economy - consumer spending - increased by 2.3%, also higher than expected. The core PCE price index, a key inflation indicator closely watched by the Federal Reserve, rose by 2.9% in the second quarter, slowing down from 3.7% in the first quarter but still higher than the expected 2.7%. In addition, U.S. Treasury yields edged up slightly, with the market expecting the Fed not to cut interest rates next week

The US Q2 economic growth rate and PCE both exceeded expectations, pouring cold water on the Fed's rate cut expectations

OpenAI 叫板谷歌推出 SearchGPT，福特汽车股价创 15 年来最大跌幅，哈里斯称已准备好 9 月 10 日跟特朗普辩论。

外盘头条：OpenAI 叫板谷歌推出 SearchGPT 福特创 15 年来最大跌幅 哈里斯称已准备好 9 月 10 日跟特朗普辩论

Mohamed A. El-Erian, Chief Economic Advisor at Allianz, stated that if useless and noisy data delays the rate cut until after September, the possibility of a soft landing for the US economy may easily disappear

Allianz's El-Erian: The Fed should not delay its "first cut" beyond September, otherwise it will repeat policy mistakes

As the impact of hurricanes and temporary factory closures by automakers gradually subsides, the initial jobless claims in the United States last week fell more than expected. Data released by the U.S. Department of Labor on Thursday showed that the initial jobless claims for the week ending July 20 were 235,000, lower than the market expectation of 238,000 and the previous value of 243,000. In addition, the continuing jobless claims for the week ending July 13 were 1.851 million, below the market expectation of 1.86 million and the previous value of 1.867 million. It is reported that the initial jobless claims for the week ending July 13 rose to 242,000 in the United States, due to temporary factory closures by automakers for restructuring and the damage caused by Hurricane Beryl leading to a sharp increase in initial jobless claims in Texas. Despite recent fluctuations in initial jobless claims, they are still at low levels when measured against historical standards. Previously released data showed that the U.S. unemployment rate rose to 4.1% in June, a sign of a slowdown in the U.S. labor market. Federal Reserve Chairman Powell has also stated that, from many indicators, the labor market has significantly cooled, and the labor market is not a source of inflationary pressure at the moment. Financial markets believe that this, along with a series of data indicating a slowdown in inflation, provides support for the Fed to cut interest rates in September

The impact of hurricanes and temporary factory closures fades, with initial jobless claims in the United States falling more than expected last week

Global investors are actively avoiding the impact of the US presidential election. They are strengthening their global investment portfolios by withdrawing from assets affected by uncertainty. Investors are turning to small-cap stocks, UK assets, and gold as possible safe havens. Investors are concerned that both candidates will use large-scale spending plans to win votes, leading to potential turbulence in the US bond market and causing significant volatility in global stocks and bonds. Global stock holders are reducing their holdings and taking a negative stance on government bonds. Last week, the 30-year US Treasury yield rose above the 2-year Treasury yield, prompting major investors to pay attention to long-term credit risks in the US

Global investors are scrambling to avoid the impact of the "US election"! Is gold one of the safe havens?

What impact will the U.S. election have on the U.S. stock market in the second half of the year? BlackRock stated that the U.S. election cycle has its unique internal logic, and the summer slump in the U.S. stock market often improves in the fall. Historical data shows that May to September is usually a "weak period" for U.S. stocks, but in a "election year" special context, this seasonal pattern often shifts from summer to fall. In addition, investors need to be alert to seasonal factors and upcoming major events, while market sentiment also significantly affects short-term investments. Investor sentiment is gradually becoming cautious, facing high inflation, adjustments in Federal Reserve policy, and escalating geopolitical risks

BlackRock: How will the US election affect the US stock market in the second half of the year?

Hong Kong Stock Market Review: Major Adjustment

BlackRock believes that US tech stocks will continue to outperform other sector stocks, driving market returns. Despite market uncertainties, structural transformations such as artificial intelligence are still driving the wave of transformation. Analysts expect a high profit growth expectation of up to 18% for S&P 500 tech stocks in the second quarter, compared to only 2% for other sector stocks. BlackRock expects these tech companies to meet profit targets, but stock prices may fluctuate. At the same time, market volatility may intensify, with investors also concerned about excessive capital expenditures in the field of artificial intelligence, which could impact tech stocks. In addition, the US may increase chip trade restrictions, leading to a decline in the stock prices of major chip manufacturers. Future policy changes may also impact the tech industry

BlackRock: Continues to Overweight US Stocks and Opportunities Related to Artificial Intelligence Themes

Afraid that my brothers will suffer, afraid that my brothers will drive Land Rovers

After reading the prospectus of Xiaocaiyuan, I realized that my old classmate is doing much better than I thought

The preliminary estimate released by the US Department of Commerce shows that economic activity in the US exceeded expectations in the second quarter. The initial reading of actual GDP annualized quarterly rate came in at 2.8%, higher than the expected 2%. At the same time, the core PCE price index also exceeded expectations, reaching 2.9%. Following the release of this data, the US dollar index saw a short-term rally, while spot gold and silver prices declined. The growth of the US economy is mainly driven by increases in consumer spending, private inventory investment, and non-residential fixed investment. However, despite the accelerated economic growth, it is still slower compared to last year. This data indicates that the US economy is performing well under high interest rates, but many Americans are unhappy with rising prices

US second-quarter GDP far exceeds expectations, market still firmly betting on rate cut in September

Nasdaq futures rose by 0.03%, S&P 500 index futures rose by 0.01%, and Dow futures rose by 0.14%

After the release of data such as the US second-quarter GDP, futures for the three major US stock indexes turned higher

The initial estimate of the US GDP for the second quarter showed a real growth of 2.8%, exceeding the expected value of 2%. The core personal consumption expenditure price index increased by 2.9%, higher than the expected value of 2.7%. This indicates that despite the heavy pressure of rising borrowing costs, demand in the US in the second quarter remains strong

Preliminary Estimate of US Second Quarter GDP

After the release of data such as the US GDP for the second quarter, the US dollar index rose in the short term, narrowing its intraday decline to 0.03%

The US second-quarter GDP deflator annualized quarter-on-quarter initial value is 2.3, expected 2.6, previous value 3.1

The initial annualized seasonally adjusted rate of personal consumption expenditures (PCE) in the United States for the second quarter was 2.3%, higher than the expected 2% and the previous value of 1.5%

The US core personal consumption expenditure (PCE) price index for the second quarter had an initial value of 2.9% on an annualized seasonally adjusted basis, with an expected value of 2.7% and a previous value of 3.7%

The initial value of the annualized quarter-on-quarter real GDP growth rate for the United States in the second quarter was 2.8%, higher than the expected 2% and the previous value of 1.4%

U.S. Treasury bonds surged significantly, with signs of economic slowdown and recent stock market plunges prompting calls for the Federal Reserve to accelerate interest rate cuts, further boosting bets on a steepening yield curve. The yield on 2-year Treasury bonds fell to 4.34%, the lowest level since early February. The European markets were also affected, with German and British government bonds rising as investors increased their bets on rate cuts by the European Central Bank and the Bank of England

US Treasury leads global bond market, traders bet on imminent rate cut

Reminder: At 20:30 Beijing time, the preliminary value of the US second-quarter GDP, the annualized seasonally adjusted initial value of the US second-quarter core personal consumption expenditure (PCE) price index, the month-on-month initial value of US durable goods orders in June, and the number of initial claims for unemployment benefits in the week ending July 20 in the US will be announced

UBS continues to be bearish on Tesla's stock price, believing that it is overvalued due to AI, far exceeding its fair value. Tesla's AI projects such as autonomous driving taxis and humanoid robots are highly regarded by the market, but UBS believes that the profitability of these projects is still far off, and the market has placed overly high expectations on their development potential. Tesla's vehicle delivery volume has declined for the second consecutive quarter, and its stock already includes expensive option pricing. Tesla has also delayed the planned launch of Robotaxi, with UBS believing that the robot taxi business may not materialize within this decade. The overall global economic slowdown and the possibility of further interest rate hikes pose further downside risks to Tesla's stock

UBS continues to "aggressively buy" Tesla: Stock price has overvalued AI, far exceeding reasonable valuation

Trump may return to the White House, posing a new challenge to the Fed's control of inflation. Economists believe that Trump's tariff agenda, expulsion of undocumented workers, and potential expansion of the deficit could lead to a resurgence of inflation, prompting the Fed to adopt a stricter monetary policy. Forecasters point out that Trump's plan to impose tariffs on imported goods will cause a one-time surge in inflation, while expelling workers will raise the wages of remaining workers, increasing inflationary pressures. In contrast, the potential inflation increase under a Democratic government led by Harris would be lower. Trump may disrupt the Fed's rate-cutting plans, leading to an increase in inflation and interest rates

"Arch-rivals" are at it again? Trump may disrupt the Fed's plans

特朗普关税对美股构成威胁，可能加速通胀并加剧全球贸易战风险。此外，特朗普的移民政策也可能对经济增长产生负面影响。然而，Evercore 名誉主席认为明年不太可能出现衰退，只要经济和盈利保持良好状态，美国股市将继续走高。他表示，经济基本面和盈利将推动市场，而不是谁当总统。

Evercore 名誉主席：特朗普关税对美股构成威胁

美股在 26 日收盘时表现不一，纳指和标普 500 指数连续第三个交易日下跌。福特汽车发布的财报导致股价大跌。此外，墨式烧烤公司的盈利和营收超过预期，IBM 和 ServiceNow 的业绩也好于预期。尽管一些大型科技公司的业绩较差，但第二财报季整体表现积极。近期市场波动性增加，投资者开始关注小盘股和周期股板块。投资者将美股持续下跌视为超买迹象，市场出现回调。华尔街的恐慌指数上升至三个月高点，投资者寻求安全的短期债务。

收盘：美股涨跌不一 纳指与标普三连跌

On July 25, 2024, Meituan-W announced that the company spent HKD 495 million to repurchase 4.6 million shares at a repurchase price of HKD 106.3-111.4 per share

On July 25th, Meituan-W spent HKD 495 million to repurchase 4.6 million shares

The autonomous driving industry has made significant progress recently, with Tesla launching the V12 version of FSD, and RoboSense testing on the roads in Wuhan, causing a sensation across the internet. The commercialization of autonomous driving technology is influenced by technological advancements, capital market reactions, and business models. The end-to-end learning approach in autonomous driving demonstrates advantages in providing a smoother driving experience. Tesla has unique advantages in the field of autonomous driving, including the integration of data systems and computing power. The commercialization of Robotaxi faces challenges such as technology, costs, regulations, and societal acceptance. The safety issues of autonomous driving also need to be emphasized. The autonomous driving industry is developing rapidly, but it still needs to overcome multiple challenges

Is the era of self-driving GPT here?

CBHB plans to sell its debt assets at a price not less than 17.672 billion yuan, equivalent to about 60% of the total amount. This is aimed at improving capital adequacy and enhancing liquidity. An impairment provision of approximately 7.415 billion yuan has been made, with a net debt amount of around 21.55 billion yuan. As of December 31, 2023, the assets to be transferred incurred an annual post-tax net loss of 1.188 billion yuan. The proceeds from the sale will be used for general operating funds to enhance asset quality and liquidity. Potential buyers include China Cinda, China Orient, China Great Wall Asset Management, China CITIC Financial Assets, Tianjin Jinrong Asset Management, and Tianjin Binhai Zhengxin Asset Management

Proposed to sell 28.9 billion debt at a 40% discount, CBHB intends to lighten its load

Singapore data center newcomer Sustainable Metal Cloud is reportedly raising approximately USD 950 million in funding, seeking to leverage the global artificial intelligence boom to stimulate company development. Insiders say that this Australian Firmus Technologies subsidiary is finalizing a round of about USD 400 million in equity financing, in addition to a USD 550 million debt financing. SMC is also a partner of NVIDIA

NVIDIA partner SMC is reportedly raising $950 million, leveraging the AI server boom to stimulate business development

The six major banks announced a rate cut, further lowering deposit interest rates. The current deposit interest rates of Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China have been reduced from 0.2% to 0.15%, and fixed deposit interest rates have also been adjusted. This rate cut marks the fourth time within the past year that the major banks have lowered interest rates

Six major banks collectively cut interest rates! The era of "1" for five-year deposits

Economists are puzzled by the failure of the inverted yield curve as a recession signal. Despite the existence of the inverted yield curve, the economy has not experienced a recession, leading to doubts about its reliability. Data shows that based on the New York Fed's curve, an economic recession is expected to occur in about 12 months, with approximately a 56% chance of a recession occurring. Wall Street professionals are uneasy about this, with some believing that the inverted yield curve has lost its effectiveness, while others remain cautious

Economist "Confused": Why is every leading indicator of a recession failing?

美股周四尾盘涨跌不一，纳指小幅下滑。福特汽车发布财报后股价大跌。美国二季度 GDP 增速超预期、通胀回落，9 月份降息的预期未受影响。

尾盘：美股涨跌不一 福特重挫逾 18%

Singapore dollar bullish as investors reduce bearish bets on Asian currencies. Singapore's economic growth and inflation support the Singapore dollar, leading investors to turn bullish. The expected rate cut by the Federal Reserve is likely to boost the attractiveness of emerging market currencies, resulting in a decrease in bearish bets on Asian currencies. The Monetary Authority of Singapore seems in no rush to loosen monetary policy, with an economic growth rate of 2.9%. Analysts expect MAS to maintain a hawkish stance. The Singapore dollar's status as a safe haven for investors is solidified. Investors are awaiting macroeconomic data to confirm their bets

Investors reduce bearish bets on Asian currencies for the first time in 7 months, turning bullish on the Singapore dollar

New Oriental's US stocks plunged before the market, falling nearly 6%. Earlier, EAST BUY announced that well-known influencer Dong Yuhui had resigned