Life changes fast. WM Motor, the Chinese electric car maker that recently tried to go public, has filed for bankruptcy in Shanghai. The company, which designs, manufactures and sells cars under the Weltmeister brand, faces stiff competition in China's cutthroat electric vehicle market. The Wall Street Journal reported that earlier this year, the company suspended most of its production and laid off workers because of a cash crunch. Weimar was founded in 2015 by Fr ... 阅读全文

After a lull, the ratio of insider buying to selling of their own shares increased in September. Last month, insiders' buy-to-sell ratio rose to its highest level since May. In September, 659 executives and directors at 447 companies bought shares in their own companies, according to Washington Service, an insider-trading data analytics firm. By comparison, 1,367 insiders at 783 companies sold shares in their own companies. Insiders typically sell more than they b ... 阅读全文

San Francisco Fed President Mary Daly said in a speech on Tuesday that the neutral rate may be higher now than it was before the pandemic, but rates will not remain at their current high levels indefinitely. She also noted that financial conditions have tightened recently and the Fed may not need to do as much more. Speaking at a City Hall event in Chicago on Tuesday, Daley said, "5 percent is not going to be the new neutral rate. There is no evidence that this wi ... 阅读全文

Stronger than expected data such as U.S. PMI and non-farm payrolls pushed up U.S. bond rates and the dollar. Stocks rose sharply after Friday night's nonfarm payrolls data, which suggested a resilient labor market could support the Federal Reserve keeping interest rates higher for longer. Supply and demand + US dollar factors affected the price of crude oil fell sharply, and the concern about the energy component to pull up inflation weakened. Fears of overshootin ... 阅读全文

Rba Assistant Chairman Kent said in a Q&A after a speech on Wednesday that the first stage was to tighten policy quickly to remove stimulus. The second stage is to slow the rate of interest rate hikes slightly and move into restrictive territory. The third phase will be "an opportunity to observe how the economy and data evolve," with the committee focusing on global developments, trends in household spending, conditions in the labor market, and ultimately the out ... 阅读全文

The International Monetary Fund (IMF) released its latest World Economic Outlook Report on the 10th, predicting that global economic growth will slow from 3.5% in 2022 to 3.0% in 2023 and 2.9% in 2024, the 2024 forecast/compared with the July forecast of 0.1 percentage points lower. The report also warns that the increasing fragmentation of the global economy caused by geopolitical tensions will not only impose more restrictions on global trade and impede cross-bo ... 阅读全文

The Australian government said on Wednesday it plans to introduce laws empowering the central bank to regulate digital wallet providers, including Apple Pay and Alphabet Inc's Google Pay. The proposed rules would enable the Reserve Bank of Australia (RBA) to monitor digital wallet payments in the same way it monitors credit card networks and other transactions, and would also empower the Treasurer to order regulators to examine whether any payment platform poses a ... 阅读全文

Rba Assistant chairman Kent said today that the impact of past interest rate hikes is now beginning to be felt. The Reserve Bank of Australia has kept interest rates at a decade-high of 4.1 percent for the past four months, waiting to see if the cumulative 400 basis points of tightening will be enough to tame inflation. Kent noted that households' mortgage payments are already at record highs and are set to rise further as older fixed-rate loans mature. Higher int ... 阅读全文

China News Agency, Washington, October 10 (reporter Sha Hatting) The International Monetary Fund (IMF) released the latest World Economic Outlook Report on the 10th local time, predicting that the global economy will grow by 3.0% in 2023 and 2.9% in 2024, which is 0.1 percentage point lower than the forecast in July this year. The report shows that the global economy continues to recover from the COVID-19 pandemic and the Ukraine crisis, but the recovery process r ... 阅读全文

Federal Reserve Governor Bill Waller on Tuesday reiterated the Fed's determination to bring inflation down to its 2 percent target, but did not comment on the economic outlook or his view of the best course for monetary policy at the moment. "Price stability is the Federal Reserve's primary responsibility," Mr Waller said in a speech to a conference at the Mercatus Centre at George Mason University in Virginia. "That is why we have taken strong action aimed at red ... 阅读全文

New York, Oct. 11 (Xinhua) -- U.S. consumers expect inflation to edge higher over the next few years, while their views of current and future credit conditions worsened in September, according to a New York Federal Reserve Bank survey. Data released on Tuesday showed that the three-year median inflation expectation rose to 3% from 2.8% in August, the highest level in nearly a year. One-year inflation expectations rose to a three-month high of 3.7%. While five-year ... 阅读全文

Overseas network, October 11, according to the latest annual survey by French bank comparison website Panorabanques, 82% of respondents in France have reduced consumption in the face of rising prices putting pressure on budgets. Panorabanques, a French bank comparison website, conducts an annual survey of the purchasing power of the French people, which helps to understand the evolution of the consumer situation, BFMTV news reported Tuesday. Inflation has taken a ... 阅读全文

The Bank of England may need to raise interest rates at least one more time and keep them on hold for most of next year, the International Monetary Fund said. This dampened hopes that the Bank of England could start cutting interest rates soon. Pierre-olivier Gurinchas, the IMF's chief economist, told reporters at the launch of the institution's World Economic Outlook report that the UK would face a "low growth performance" this year and next. The IMF expects the ... 阅读全文

Quick look - The screenshot of the document "US approves $8 billion in aid to Israel" posted on the Internet is a fake. There is no indication that the United States is providing specific amounts of military assistance to Israel in connection with the recent Israeli-Palestinian conflict. Israel is the largest recipient of U.S. foreign aid since World War II. According to the report, as of March 1 this year, the United States has provided $158 billion in bilateral ... 阅读全文

Atlanta Fed President Eric Bostic said Tuesday that the Fed does not need to raise borrowing costs further and that while the Fed's rate hikes so far have slowed the economy and lowered inflation, he does not foresee a recession ahead. Bostick told the American Bankers Association that "I actually don't think we need to raise rates any more" to bring inflation down to the Fed's 2 percent target. He noted that current policy is sufficiently restrictive and that "ma ... 阅读全文

The Bank of England has warned that valuations of US technology stocks may be too high given the current macroeconomic backdrop and soaring interest rates. "Given the impact of rising interest rates and the uncertainties associated with inflation and growth, valuations of some risk assets appear stretched," the boe's Financial Policy Committee said on Tuesday. "If downside risks to growth materialise, stretched valuations of risk assets increase the likelihood of ... 阅读全文

Mark Newton, global equity strategist at Fundstrat, said on Tuesday that the U.S. stock market is in the process of bottoming out, meaning investors may soon see the perfect buying opportunity. In an interview, Newton predicted that the S&P 500 could continue its slide to 4,200, a 4 percent drop from the index's current level. Short-term market volatility, he said, would partly fuel that sentiment. Earlier this week, stocks fell as Hamas launched a deadly attack o ... 阅读全文

Shares of IMAX China Holding Inc.(1970.HK) swung sharply in early trading after shareholders rejected a proposed $124 million takeover, ensuring the company's shares remain listed in Hong Kong. Shares in the Shanghai-based company fell as much as 10 per cent at the open on Wednesday before recovering some of those losses by mid-morning. The stock was last down 3.1 percent at HK $7.75 (99 cents), trimming its gain for the year to 9.9 percent. The company's parent, ... 阅读全文

U.S. stocks rose for a third straight session on Tuesday and bonds posted their best day since August on growing optimism that the Fed's rate-hike campaign is drawing to a close, as a series of Fed officials released doves. The yield on the 10-year Treasury note closed at 4.654 per cent, down from 4.783 per cent on Friday, the biggest one-day drop since August 23, market data showed. The yield on the 2-year Treasury note fell to 4.982% from 5.077% on Friday, the l ... 阅读全文

[Self-developed AI chip Microsoft can "leapfrog" Nvidia?] In early October, the media revealed that Microsoft plans to launch Athena, a chip designed for a large language model of artificial intelligence, at its annual developer conference next month. Athena is expected to be able to compete with Nvidia's flagship H100, a graphics processor developed by Nvidia. Similarly, Zifeng Su, CEO of AMD (an American company that designs and manufactures microprocessors for ... 阅读全文