On October 5, Vietnam's electric vehicle manufacturer VinFast Auto reported revenue of $342.7 million in the third quarter, up 2.6% from the previous quarter. Net loss in the third quarter was $622.9m. A total of 10,027 units were delivered in the third quarter.

The Treasury market's fall rout eased Wednesday, dragging down Treasury yields and allowing stocks to regain their composure after a sharp sell-off that began in the fourth quarter. The S&P 500 swung between gains and losses for much of Wednesday before closing 0.8% higher. The Dow is up 127.17 points, or 0.4%. The tech-heavy Nasdaq Composite Index rose about 1.4 percent, accelerating gains in the final hour of the trading day. This week, a sharp sell-off in Treas ... 阅读全文

Saudi Arabia has extended oil production cuts until the end of the year as tight supplies continue to support energy prices. The Saudi Press Agency said in a statement that the kingdom would extend a 1 million barrel per day reduction in oil production until the end of December. According to Wednesday's statement, the cuts have been in place since July, and by November and December, Saudi Arabia's oil production could be around 9 million barrels per day. Oil price ... 阅读全文

Google's fate as a company was never going to be determined by the phones it sold. But the company has finally addressed the main reason consumers don't buy its phones. At the latest device launch event in New York on Wednesday, Google hardware chief Rick Osterloh announced that the new Pixel 8 phones will offer seven years of operating system updates. That's a significant shift from the three years of aftermarket support the company's previous Pixel phones receiv ... 阅读全文

The European Commission and China's commerce ministry are at loggerhead over the evidence and timetable for an EU investigation into Chinese subsidies to battery-powered electric car makers. In a formal notice of investigation published on Wednesday, the commission said it had ample evidence that lower-priced imported electric vehicles, subsidized by China, were increasing rapidly in Europe and driving prices down, putting pressure on local industry's market share ... 阅读全文

More than 75,000 nurses, pharmacists and other employees of the Kaiser Permanente health system began a walkout Wednesday in the largest single health care strike action in recent U.S. history. The workers went on strike after their contract expired and the union was unable to reach a new agreement with Kaiser on pay and headcount increases. To minimize the impact on patients, Kaiser said it would hire temporary workers to fill some vacancies, but delay some appoi ... 阅读全文

Capvision, a large consultancy with a network of experts, said it had completed a "rectification" under the guidance of Chinese government authorities. Companies operating in China now face greater scrutiny from authorities. Chinese police raided the company's offices in May, and state television broadcast news of an investigation into some of its activities alleged to run counter to national security laws. China Central Television said at the time that some consu ... 阅读全文

Elon Musk's X platform was revamped on Wednesday to remove headlines from links to articles, the same day Reuters reported that monthly AD revenue on the platform had shrunk significantly since the billionaire bought it last year. Citing data provided by third parties, Reuters reported on Wednesday that since Musk took over in October, monthly AD revenue at X, formerly Twitter, has fallen by at least 55 percent year-on-year. Advertising revenue fell 60 per cent in ... 阅读全文

In an unprecedented move, the House of Representatives removed California Republican Kevin McCarthy as speaker. Here are four takeaways from Tuesday's historic event: Who wants to be speaker? The speakership has been vacated, and it's not clear who wants it (the latest news is that McCarthy has confirmed that he will no longer seek the speakership). Either Majority Leader Steve Scalise, Republican of Louisiana, Majority Whip Tom Emmer, Republican of Minnesota, o ... 阅读全文

Ford Motor (F) reported Wednesday that it sold more than 500,000 vehicles in the United States in the third quarter, driven by strong sales of hybrids, electric cars and trucks. The automaker said overall sales rose 7.7 percent from a year earlier to 50,504 vehicles, bringing the year-to-date total to 1.51 million. Andrew Frick, vice President of Sales, Distribution and Trucks, said: "We delivered strong, balanced volume growth in the third quarter, offering custo ... 阅读全文

Russia has withdrawn most of its Black Sea fleet from its main base in occupied Crimea, in a strong sign that Ukrainian missile and drone strikes are challenging Moscow's hold on the peninsula. Russia has moved powerful ships, including three attack submarines and two frigates, from Sevastopol to other ports in Russia and Crimea that offer better protection, according to Western officials and satellite images verified by naval experts. The Russian Defense Ministry ... 阅读全文

LG Energy Solution and Toyota Motor North America, Toyota Motor Corp. 's (TM) North American arm, have signed an agreement to supply lithium-ion battery modules for Toyota battery electric vehicles assembled in the United States. LG will invest 4 trillion won ($2.94 billion) in its Michigan plant to set up a new cell and module production line for Toyota to fulfill the supply agreement, which is expected to be completed in 2025. Under the contract, LG will supply ... 阅读全文

Britain's communications regulator has recommended that the country's cloud market be investigated by the country's antitrust watchdog, saying certain product features associated with market leaders Amazon.com (AMZN) and Microsoft (MSFT) could limit competition. The UK's Office of Communications said on Thursday that a market study had found that high data transfer fees, promised consumer discounts and technical limitations could make it difficult for customers to ... 阅读全文

As the global bond market sell-off intensified sharply over the past few sessions and pushed yields in some major developed economies to at least their highest levels in nearly a decade, it seemed as if this week the bond market finally understood what central bankers have been warning all year: High interest rates are here to stay. On Wednesday, Beijing time (October 4), the 10-year US bond yield, which is known as the "anchor of global asset pricing", approached ... 阅读全文

[Overnight collapse! International crude oil settlement price fell more than 5.6%, "demand destruction" is happening?] On Wednesday (October 4), the settlement price of the two major international crude oil futures fell by more than $5, or 5.6%. Specifically, the U.S. WTI crude oil futures November contract settled down 5.61% at $84.22 / barrel, the largest one-day decline since September last year; Brent crude futures for December delivery settled down 5.62 perce ... 阅读全文

The British Communications Authority (Ofcom) said in a statement on October 5 that Amazon (AWS) and Microsoft are the leading cloud infrastructure service providers in the UK, and Ofcom market research shows that the two companies have the potential to restrict competition features if left unchecked. Competition in key digital markets for the UK economy is likely to worsen. Following an investigation into the UK cloud services market, Ofcom referred the matter to ... 阅读全文

On October 4, Apple released an iOS 17.0.3 software update that includes a fix for an issue that causes the iPhone 15 series models to overheat. "This update provides important bug fixes and security updates, and addresses an issue that may be causing iphones to run hotter than expected."

In a meeting with participants of the International Financial Security Olympiad, Russian President Vladimir Putin said the world is moving away from economic colonialism. "The world is gradually moving away from the dictatorship of this financial and economic model, which aims to make many regions of the world indebted, enslaved, economically colonized and deprived of resources for development," Putin said. Putin stressed that the establishment of a more just and ... 阅读全文

The Federal Reserve confirmed that it plans to lay off about 300 employees this year. The last time the Fed cut jobs was 13 years ago, in 2010. One of the reasons for the cuts was that the Fed slipped back into an annual net loss for the first time in more than a century. The last time the Fed lost money was 108 years ago, in 1915. As of September 2023, the Fed has a deficit of $100 billion. According to projections, the Fed's net losses will be as high as $150 bi ... 阅读全文

One fact after another has proved that the United States has gradually come to a disadvantageous position in the competition between China and the United States, especially in the economic field. Take the Sino-US trade war, which has been fought for several years, as an example. In the context of the US tariffs on China, the United States has gradually become a "victim" from the original "aggressor" and is under the pressure of inflation. Add in some external shoc ... 阅读全文