Featured Announcements 1. $China Merchants Bank (03968.HK)$ : Appoint Wang Liang as President China Merchants Bank (03968) announced that the board of directors held the 40th meeting of the 11th board of directors on May 19, 2022, at which it reviewed and approved the “Proposal on the Appointment of Mr. Wang Liang as President of […]
Source: Sina Finance Global leisure travel has returned to 2019 levels for the first time since the COVID-19 pandemic, according to a report released by the MasterCard Institute for Economic Research. Since the beginning of the year, the average global airfare has risen by 18%. “If flight bookings continue to grow at the current rate,
hot news U.S. Treasury Secretary Yellen: Fed has no reason to raise 2% inflation target U.S. Treasury Secretary Yellen said a soft landing is conceivable and the Fed has no reason to raise its 2 percent inflation target; tariffs on Russian oil could be an alternative to capping oil prices. Fed’s George: Market turmoil won’t
Source: Wall Street News Author: Du Yu Executives at tech giant Apple showed off a mixed-reality headset to the company’s board of directors last week, according to multiple people familiar with the matter, in a sign that development of the device is in an advanced stage. In recent weeks, Apple has also accelerated development of
Source: Wall Street News In March this year, the proportion of subprime borrowers who were overdue for at least 60 days on personal loans and credit card loans was close to the pre-pandemic level. the highest level ever set in the month. Until the beginning of this month, the Fed’s statement after the monetary policy
Source: Sina Finance Kansas City Fed President Esther George said “the volatile week in the stock market” was to be expected, partly reflecting the impact of tighter monetary policy. Her support for a 50 basis point hike was unchanged. “I think what we’re looking for is to convey our policy through market expectations, and tightening
Kansas City Fed president: Market turmoil won’t change Fed’s tightening plan Read More »
Source: Wall Street News The FOMC vote committee and the Kansas City Fed president said that “the turbulent performance of U.S. stocks over the past week” is to be expected, reflecting the impact of monetary policy tightening to a certain extent. The Kansas City Fed president’s speech hinted that market turmoil won’t change the Fed’s
On Thursday, the US stock market turnover champion Tesla closed down 0.05%, with a turnover of 21.4 billion US dollars; the second Apple company closed down 2.46%, with a turnover of 18.86 billion US dollars; the 8th Cisco company fell 13.73%, with a turnover of 4.1 billion US dollars. In the early morning of the
Source: Wall Street News It is becoming a new “fashion” to sing down US stocks. The current consensus on Wall Street appears to be that “risks remain heavily skewed to the downside given the many negative short-term catalysts for the S&P 500.” However, strategists at Goldman Sachs, JPMorgan and Credit Suisse believe that recession fears
Source: Wall Street News Twitter executives told Twitter employees at an all-hands meeting on Thursday that Tesla CEO Elon Musk’s potential deal to buy Twitter was progressing at the expected pace and that “no” the so-called deal was “hit the pause button.” statement. Twitter executives also said it would not renegotiate the agreed price of
Musk failed to bargain? Twitter exec says it won’t renegotiate purchase price Read More »
The S&P Dow hit a 14-month low in a row, the Nasdaq erased more than 1% intraday gains and closed at a new low in more than a week, Walmart fell nearly 3%, and its sector fell nearly 2%, leading the decline in the S&P, and Target fell more than 5% , Cisco fell nearly
Source: Sina Finance The headlines that the global financial media paid attention to last night and this morning mainly include: 1. Yellen doesn’t think the Fed should raise its 2% inflation target 2. Kansas City Fed President: Market turmoil won’t change Fed’s tightening plan 3. U.S. second-hand home sales in April fell to lowest level
On Wednesday, U.S. stocks fell collectively. The Dow plummeted 1,164.52 points and closed down 3.57%, the S&P 500 closed down 4.04%, and the Nasdaq closed down 4.73%, also the biggest drop since September 2020. Target, the second largest retail consumer group in the United States, plunged 25% after its performance, and star technology stocks also