On Wednesday, local time (October 11), Republicans in the US House of Representatives decided to nominate Representative Steve Scalise from Louisiana as the new candidate for Speaker of the House. According to media reports, Scalise, the current House Majority leader, won the support of 113 of the 221 House Republicans, defeating the support of 99, the current chairman of the House Judiciary Committee Jim Jordan (Jim Jordan). Scalise would then need the support of ... 阅读全文

In the face of the erratic Federal Reserve policy path and the emergence of "black swan" events from time to time, the US stock index has been circling around the same point for less than half a year. For investors who are worried that buying stocks does not make money and buying U.S. Treasury bonds may lose money, Wall Street's "old debt king" Bill Gross publicly offered advice: try merger arbitrage trading. The so-called merger arbitrage trade is the search for ... 阅读全文

【 Popular Chinese stocks rose by more than 2%】 Popular Chinese stocks rose by more than 2%, Bilibili and NetEase rose by more than 2%, Futu Holdings, NIO, Tencent Music, Ideal Car, iQiyi rose by more than 1%, Vipshop, Xiaopeng Automobile, Alibaba, Weibo and JD.com rose slightly. Baidu fell slightly.

Central Huijin pounced. On the evening of October 11, the four state-owned banks collectively issued an announcement on the controlling shareholders to increase their shares of the Bank. Huijin Company increased its holdings of 24.8879 million shares, 37.2722 million shares, 27.61 million shares and 18.38 million A-shares in Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and Construction Bank, respectively. It intends to conti ... 阅读全文

Ftse China A50 index futures continued to pull higher, extending gains to 1.5 per cent. Agricultural Bank of China, Bank of China, China Construction Bank and Industrial and Commercial Bank of China announced this evening that Huijin, the controlling shareholder, had increased its A-share holdings and planned to continue to increase its holdings in the next six months.

U.S. Treasury Secretary Janet Yellen said the Biden administration has not ruled out imposing new sanctions on Iran as a result of renewed conflict in the Middle East, but no decision has been made. Following the escalation of the Israeli-Palestinian conflict, there has been speculation about whether the United States will tighten restrictions on Iranian oil exports. The United States has been acquiescing to a surge in Iranian oil exports since late 2022, as it tr ... 阅读全文

Tesla announced on Wednesday local time that the 20 million 4680 battery has been ushered off the line at the Texas Gigafactory in the United States, and the 10 million 4680 battery was actually offline on June 17 this year, which lasted about 16 weeks. The average production capacity at this stage is about 85,500 / day.

Argentina's central bank board will discuss the possibility of raising its benchmark interest rate further from the current 118 percent at a meeting later this week in a bid to rein in triple-digit inflation, a person familiar with the matter said on Monday. Annual inflation in Latin America's third-largest economy hit a 32-year high of 124 percent in August. "No decision has been made yet, there are those who want to keep (interest rates) on hold and those who wa ... 阅读全文

Atlanta Fed President Raphael Bostic reiterated his view that policymakers no longer need to raise interest rates further and that policy is restrictive enough to bring inflation back down to its target level of 2%. "I think our policy rate is restrictive enough to get inflation back down to 2 percent," Bostick said Tuesday at the annual meeting of the American Bankers Association. "I actually don't think we need to raise rates anymore." Bostick also said an unexp ... 阅读全文

Malaysia is looking to increase local currency trading to reduce its reliance on the US dollar, and China, Indonesia and Thailand have agreed to use the Malaysian currency, the ringgit, in transactions with Malaysia, Prime Minister Anwar Ibrahim said on October 10. According to Reuters and Malay Mail, Anwar said this was the result of his talks with China and ASEAN countries at the recent ASEAN summit in Jakarta, and that China welcomed the initiative. "Of China's ... 阅读全文

A senior official at the Federal Reserve Bank of New York said the Fed's balance sheet reduction was progressing smoothly and not causing major disruptions to markets, though the central bank would continue to monitor risks closely. "Our implementation framework has recently undergone multiple stress tests and performed well," said Roberto Perli, manager of the Fed's System Open Market Account (SOMA), which oversees the Fed's portfolio. "This is very encouraging, ... 阅读全文

Mid-april 2023 will be a time that will go down in history. India is widely believed to have overtaken China as the new world's most populous country, according to projections in a United Nations report and analysis by several demographers. Despite being "number one in the world" in terms of population, the Indian government is far from happy. With its weak economy and poor governance, India is emerging as a new source of global humanitarian crisis. Population of ... 阅读全文

jpmorgan expects Alibaba's second fiscal quarter revenue to rise 8% year on year adjusted net profit to rise 13% lower expectations Jpmorgan Chase issued a report that expects Alibaba's revenue in the second quarter of fiscal 2024 to grow 8% year-on-year to 225 billion yuan, 1% lower than market expectations. Adjusted net profit forecast increased 13% year-over-year to 38 billion yuan, 5% below market expectations, due to the view that the market is overly optim ... 阅读全文

The United States will accelerate the pace of tax credits for the purchase of electric vehicles. The Internal Revenue Service said Friday that starting in January, buyers of electric vehicles can get up to $7,500 off their purchases at dealerships instead of waiting months later to file their taxes. Industry advocates say accelerating the pace of incentives will help spur adoption of the new technology. "It's like cash on the hood," said Joel Levin, executive dire ... 阅读全文

Samsung Electronics Co. (005930.SE) forecast a 78% drop in third-quarter operating profit from a year earlier, a worse performance than market expectations as its flagship semiconductor business is seen as still struggling to escape the industry downturn. The South Korean tech giant said in a preliminary earnings forecast that operating profit for the July-September quarter this year was 2.4 trillion won ($1.79 billion), compared with 10.85 trillion won for the sa ... 阅读全文

September quarter macro consumption weak recovery, platform growth has slowed down, we expect FY2024Q2 revenue growth of about 9%, CMR growth of about 2%, adjusted EBITA growth of about 11%. In the long run, the competitiveness of the company's e-commerce main business is stable, and the steady progress of the spin-off and listing plan of each segment is expected to continue to stimulate business vitality, and is optimistic about the growth space of the stable bas ... 阅读全文

semaglutide, the "miracle drug" for weight loss, promises to expand even further - not only to lose weight, but perhaps to treat kidney disease. On October 10, Novo Nordisk announced that the Phase 3 clinical trial of Simeaglutide to treat kidney failure and chronic kidney disease in patients with type 2 diabetes was stopped nearly a year early after an interim analysis showed the trial was successful - the interim data was summarized by the Independent Data Moni ... 阅读全文

Amazon Web Services (AWS) said on Oct. 11 that it will invest about $5.88 billion in cloud computing in South Korea by 2027.

Red Star Capital Bureau news on October 11, Tesla (Shanghai) Co., Ltd. on the grounds of "infringement of technical secrets" and unfair competition disputes, filed a lawsuit against Ice Zero Intelligent Technology (Changzhou) Co., LTD. (hereinafter referred to as Ice Zero Technology), and the case was heard in Shanghai Intellectual Property Court. Tesla told the Red Star Capital Bureau that Gu, a former Tesla R & D personnel, used his position to illegally downlo ... 阅读全文

Today, NetEase Youdao announced that Hi Echo, the world's first virtual language coach equipped with the Confucius education model, officially launched an independent APP and wechat mini program. This one-to-one speaking coach has all-weather multi-platform accompanying ability, which will better provide users with high-quality speaking practice anytime and anywhere, so that users can completely bid farewell to dumb English. It is reported that Hi Echo continuous ... 阅读全文