Foreign trade Double 11 hot: Alibaba International station ranked in the top 5 downloads in the United States According to 36 kr, the "September Procurement Festival", commonly known as the foreign trade Double Eleven, is coming to an end. Data show that during the "September Purchasing Festival", Alibaba International website's downloads in the United States jumped to the fifth place in the shopping APP list. In Germany, Alibaba International site downloads ran ... 阅读全文

The S&P 500 closed slightly higher on Wednesday. After the past week, even modest gains are encouraging. Stocks have generally fallen since last week's Fed meeting, when central bankers raised their interest rate forecasts for next year. Investors are also weighing the impact of higher energy prices on inflation and the possibility of a government shutdown. The Fed's rate hikes this year have been an attempt to tame inflation. The S&P 500 closed almost flat. The N ... 阅读全文

Macroeconomic policies We will steadily expand institutional openness in rules, regulations, management and standards. We will further stimulate import potential, relax market access, and promote in-depth development of multilateral and bilateral cooperation. We will accelerate efforts to build a strong trading country and move up the global value chain. The Political Bureau met to review the "Comprehensive Report on the First Round of Inspections of the 20th ... 阅读全文

The United Auto Workers union vowed to expand its strike on Friday unless significant progress was made in talks with Detroit automakers, even as the companies took steps to ensure dealerships had access to critical parts. A union official said Wednesday that the UAW is continuing separate talks with General Motors (GM), Ford Motor (F) and Chrysler parent Stellantis (STLA). The union has been carrying out partial strike action at the three carmakers for nearly two ... 阅读全文

Stock market The S&P 500 closed slightly higher on Wednesday. After the past week, even modest gains are encouraging. Stocks have generally fallen since last week's Fed meeting, when central bankers raised their interest rate forecasts for next year. Investors are also weighing the impact of higher energy prices on inflation and the possibility of a government shutdown. The Fed's rate hikes this year have been an attempt to tame inflation. The S&P 500 closed alm ... 阅读全文

U.S. government regulators are finally taking aim at tech behemoth Amazon.com (AMZN). But despite the size of the target, winning will not be easy. On Tuesday, the Federal Trade Commission joined 17 states in a lawsuit against Amazon, arguing that the e-commerce giant is a monopoly that "already controls a significant portion of the online retail economy." The government alleges that Amazon does this by targeting sellers who rely on their ability to reach Amazon's ... 阅读全文

【 Overnight 】 The three major indexes of the US stock market rose collectively, the Dow rose 0.35%, the S&P rose 0.59%, and the Nasdaq rose 0.83%; Chip, semiconductor sector led the rise, AMD, Arm rose nearly 5%, Nvidia, Intel rose more than 1%; Hot Chinese stocks were mixed, with NIO up more than 5% and Xiaopeng Automobile up more than 3%.

Recently, the US chain retailer Costco (Costco) announced the latest results report, the company's quarterly revenue and earnings per share are exceeding market expectations. On the call, Costco Chief Financial Officer Richard Galanti mentioned a special new item at the big box store - gold bullion. It is well known that Costco is often loved by people for its cheap commodities, which seems to be incompatible with the precious metal gold. It is understood that Co ... 阅读全文

French competition regulators raided Nvidia's local offices this week over alleged anti-competitive practices by the chip giant, according to media reports.

[Trillion-dollar market value Nvidia was raided! The stock price plunged more than 1% during the session] According to media reports, the French competition regulator raided Nvidia's local offices this week, citing the chip giant's suspected anti-competitive behavior. The French competition authority disclosed the raids on Wednesday, but did not say what practices it was investigating or which company it was targeting, other than to say it was in the graphics card ... 阅读全文

[Top 20 US stock turnover: AMD Su Zifeng said the AI industry has not yet formed a moat] The fourth AMD closed up 4.78%, trading $7.379 billion. AMD CEO Zifeng Su believes that the current AI world is moving too fast, and no company can be sure that it has formed a moat, that is, no AI company has a sustainable competitive advantage against competitors' attacks on it.

The United Auto Workers Union is said to want a pay raise of at least 30%, according to media reports citing sources, the United Auto Workers union hopes to win at least 30% pay raises from the strike. U.S. auto stocks rose on the news, with GM and Stellantis up more than 2%. That suggests the market sees an increased chance of the strike ending.

Bridgewater Dalio, the founder of the world's largest hedge fund Bridgewater, said he is closely watching the perilous financial situation of the United States because he believes the United States will have a debt crisis and a significant slowdown in the economy.

Us business leaders say: Legislation must be pushed to prevent the situation from getting out of control. This week, after the US retail giant Target announced the closure of nine stores in four states, and the city-wide smashing spree in Philadelphia, US business leaders expressed shock that "zero" purchases once again became a hot topic in American society.

As of Thursday evening Beijing time, the U.S. Congress on the issue of financial appropriations still did not show positive progress. According to a new report, the White House Office of Management and Budget notified federal agencies on Wednesday to prepare federal employees for another government shutdown.

[Jingdong sells Tesla cars? Jingdong responded: The news is not true] According to media reports, Jingdong Mall will launch Tesla car ordering service in the near future. In response, Jingdong responded: The news is untrue. In February this year, Tesla's official flagship store was officially launched on Jingdong, covering the entire range of car products, including charging products, preferred accessories, selected clothing and peripheral products, a total of mor ... 阅读全文

The latest personal income and spending report released by the Bureau of Economic Analysis on Friday (September 29) showed that the core personal consumption expenditure (PCE), the Fed's favorite, rose in line with expectations. Specifically, the U.S. PCE price index climbed 3.5% in August from a year earlier; Month-on-month growth was 0.4 per cent, against expectations of 0.5 per cent. Excluding volatile food and energy components, the core PCE rose 3.9% in Augus ... 阅读全文

Eastern time on Friday, the US stock market opened lower, the three major indexes once all turned down, as of press, the Dow fell 0.39%, the Nasdaq rose 0.20% (up more than 1% at the beginning of the session), the S&P 500 index fell 0.21%. The U.S. core PCE price index rose 0.1 percent in August from a month earlier, marking the lowest monthly gain since late 2020, as traders continued to bet that the Fed's rate hikes were over. Most of the popular Chinese stocks ... 阅读全文

Euro zone inflation fell to its lowest level in two years in September, new data showed, suggesting that the European Central Bank's steady rate hikes have succeeded in curbing runaway prices at the risk of slowing economic growth. Data released by Eurostat on Friday (September 29) showed that consumer prices in the 20 countries of the euro zone rose by 4.3% in September, the lowest increase since October 2021, compared with a previous reading of 5.2%. The decline ... 阅读全文

Richmond Federal Reserve Bank President Thomas Barkin said on Thursday he could not yet judge what the Fed needs to do on monetary policy before the end of the year. When it comes to the prospect of another rate hike before the end of the year, Barkin believes it is "too early" to draw conclusions. "I think the economy faces a wide variety of possible outcomes, and because of that uncertainty, it's better for the Fed to take some time to see how the data plays out ... 阅读全文