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

[Nike achieved revenue of $12.9 billion in the first quarter of the fiscal year 2024 Greater China performance resilience highlights two consecutive quarters of double-digit growth] On September 29, Nike released the financial report for the first quarter of the fiscal year 2024 (as of August 31, 2023), during the reporting period, the company achieved revenue of $12.9 billion, an increase of 2%; Net income was $1.5bn, down 1 per cent from a year earlier. The resu ... 阅读全文

The strike action in the US auto industry has entered its third week and shows no sign of ending. Local time on Friday (September 29), due to the failure to make progress in negotiations with the labor side, the United Auto Workers (UAW) announced the expansion of the scope of the strike. On September 15, the UAW launched a strike against three automakers, General Motors, Ford Motor and Stellantis. The UAW started the strike at one assembly plant at each of the th ... 阅读全文

Ford Motor has updated the timing of its labor contract negotiations with the United Auto Workers Union, with the latest date set for September 29, 2023 local time. It said there was still time to reach an agreement with the unions to avoid a "catastrophic" outcome. The company's proposal includes a pay increase of more than 20 percent. The United Auto Workers union is holding up negotiations mainly because of the battery factory issue.

The US is considering a record $1bn loan for Lithium Americas.

According to the TASS news agency, Russia set the rules for ExxonMobil to sell its share in the Sakhalin-1 pipeline project.

Ford will hold a briefing at 1 p.m. Et on Sept. 29 to update on labor negotiations.

On Friday (September 29), New York Fed President John Williams said that the Federal Reserve may not raise interest rates again, but will keep interest rates high for some time, so that inflation returns to the 2% target level. Williams is also the vice chairman of the Federal Open Market Committee (FOMC) and has a fixed vote on monetary decisions, so it is regarded as the "number three" at the Fed. The Fed has raised rates by 525 basis points since it began the p ... 阅读全文

【 Popular Chinese stocks rose by more than 6% Xiapeng Automobile 】 Popular Chinese stocks rose by 1.2%, the NASDAQ China Golden Dragon Index rose by 0.29% this week and 1.6% in the third quarter. Xiaopeng Automobile rose more than 6%, Ideal Automobile rose more than 3%, Pinjoduo, Tencent Music, iQiyi rose more than 2%, Baidu, NiO, NetEase rose more than 1%; Ctrip and New Oriental fell slightly.