News from the Titanium Media App on August 25, news before the US stock market on August 25: 1. As of press time, Dow futures, dominated by blue-chip stocks, rose 0.37%; S&P 500 futures rose 0.63%, and Nasdaq 100 futures, dominated by technology stocks, rose 0.79%; 2. Popular Chinese concept stocks such as JD.com , Baidu , and Alibaba rose pre-market; 3. European stock markets rose. As of press time, the German DAX index rose 0.39%, the French CAC40 index rose 0.11%, and the UK FTSE 100 index rose 0.26%; 4. In terms of commodity foreign exchange, as of press time, Brent crude oil rose 0.11% to $101.33 per barrel; 5. Goldman Sachs' latest outlook on the U.S. economy: the possibility of a recession next year is 30%, and the U.S. GDP is expected to shrink by 0.1% year-on-year in the fourth quarter of 2022, mainly due to the huge fiscal drag and the negative impact of tightening financial conditions; Before the U.S. stock market opened on 6.25, Snowflake rose more than 18%. According to the financial report, the company’s total Q2 revenue was US$497.2 million, which was higher than market expectations of US$467.9 million; 7. Nvidia fell by more than 3% before the market, game revenue dropped sharply by 33%, and its Q3 performance guidance was lower than expected; On the 8.25th, Peloton, an American internet fitness platform and sports equipment manufacturer, announced its fourth-quarter earnings report. The fourth-quarter revenue was $678 million, compared with an expected $718 million; the fourth-quarter net loss was $1.244 billion; 9. Stellantis has confirmed that it plans to suspend car production at its Sochaux plant in France until Saturday due to a shortage of chips. The company also halted operations at its Melfi plant in Italy from June 28 to July 2 due to a "structural" shortage of chips; 10. The digital freight platform Manbang Group released its financial report for the second quarter of 2022, achieving a revenue of 1.67 billion yuan, a year-on-year increase of 49.3%; 11. Novartis plans to split the generic drug division Sandoz next year, planning to focus on the "breakthrough therapy" track; 12. It is rumored that 3B Home Furnishing and Sixth Street Partners are close to reaching a $400 million loan agreement; 13. Advance Auto Parts Inc: JPMorgan cut its price target to $218 from $237 after it missed its second-quarter sales target and cut its annual earnings guidance; Brinker International Inc: PiperSandler cut its price target from $80 Cut to $42 after the company reported weaker fourth-quarter results and cut its fiscal 2023 forecast; Nvidia: JPMorgan cuts price target to $220 from $230 Revenue growth slowed in Q2 and cut Q3 revenue forecast; Salesforce: Baird lowered target price to $230 from $260 after lowering its fiscal 2023 forecast due to continued macro headwinds Revenue expectations.
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