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US stocks continued to be under pressure this week. The NASDAQ index fell more than 1%, falling for four consecutive days, and the S&P 500 index was not spared. Both fell to their lowest point in nearly two months. Among technology stocks, Google showed outstanding performance, rising against the market, while chip stocks generally suffered setbacks. Nvidia and Asmack fell by nearly 4% and 7%, respectively. Meanwhile, United Airlines surged 17% after its earnings report was released. In the European stock market, the technology sector fell by more than 3%. Despite this, LVMH and Adidas rose nearly 3% and 9% respectively after the earnings report, showing the strong performance of some individual stocks.
In terms of monetary policy, the New York Federal Reserve suggests that the Federal Reserve may stop reducing its balance sheet next year, and the scale is expected to shrink to 6 to 6.5 trillion US dollars. Furthermore, the Federal Reserve's latest Beige Book shows that although inflation is moderating, consumers are still very sensitive to prices. In the US bond market, 20-year bond auctions attracted strong demand, yet bid interest rates were close to the highest level in history. The 10-year US Treasury yield fell significantly from a five-month high, and the US dollar index stopped rising for five consecutive days.
In the commodity market, crude oil prices plummeted by more than 3%, the biggest one-day decline in three months. At the same time, gold also fell from a record high for four consecutive days. In terms of metal prices, the prices of copper and lentine have shown some elasticity, and both have rebounded.
In the Chinese market, despite global market turmoil, the China Securities Index fell for the third day in a row, but Xiaopeng Motors bucked the trend and rose nearly 4%. The offshore renminbi appreciated significantly, exceeding 200 points, reaching a one-week high. China A...
In terms of monetary policy, the New York Federal Reserve suggests that the Federal Reserve may stop reducing its balance sheet next year, and the scale is expected to shrink to 6 to 6.5 trillion US dollars. Furthermore, the Federal Reserve's latest Beige Book shows that although inflation is moderating, consumers are still very sensitive to prices. In the US bond market, 20-year bond auctions attracted strong demand, yet bid interest rates were close to the highest level in history. The 10-year US Treasury yield fell significantly from a five-month high, and the US dollar index stopped rising for five consecutive days.
In the commodity market, crude oil prices plummeted by more than 3%, the biggest one-day decline in three months. At the same time, gold also fell from a record high for four consecutive days. In terms of metal prices, the prices of copper and lentine have shown some elasticity, and both have rebounded.
In the Chinese market, despite global market turmoil, the China Securities Index fell for the third day in a row, but Xiaopeng Motors bucked the trend and rose nearly 4%. The offshore renminbi appreciated significantly, exceeding 200 points, reaching a one-week high. China A...
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👉 Key Highlights:
📍 Bank of Canada keeps benchmark overnight rate at 5%, marking the sixth consecutive hold.
📍 Governor Tiff Macklem seeks longer-term evidence of slowing inflation before considering rate cuts.
📍 Recent data suggest gradual price pressure easing, with economic growth expected to rise.
📍 Core inflation decline noted as recent; BoC requires assurance of sustained progress.
📍 Discussions focus on timing for potential ...
📍 Bank of Canada keeps benchmark overnight rate at 5%, marking the sixth consecutive hold.
📍 Governor Tiff Macklem seeks longer-term evidence of slowing inflation before considering rate cuts.
📍 Recent data suggest gradual price pressure easing, with economic growth expected to rise.
📍 Core inflation decline noted as recent; BoC requires assurance of sustained progress.
📍 Discussions focus on timing for potential ...
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I made a video for our beloved Malaysian friends - check it out if you have not filed your income tax!
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$Disney(DIS.US$ Chapek is a manager who knows how to extract profit, not someone with vision. I saw his interview on CNBC after their most recent earnings. He just spewed out gobidlygook about the Omniverse. Silly thing that won’t be going anywhere.
Speaking of managing/vision, it will be interesting if he can come up with a creative option to deal with plummeting ESPN subs while maintaining the expensive sports contracts. Will it be a pivot to ESPN+? Will it be a forced bundle of Disney+/ESPN+ like we have with our TV packages (and the cause of their demise)
Also interested in how he’ll deal with Comcast and Hulu.
We already know he’s raising prices on everything at the parks while cutting niceties. No more Magic Express, free Flash Passes, trams from the parking lots etc.
Of course the parks are still very crowded. They need to build two more US parks, but while they’re spending all their money on streaming content, they’re happy to jack up their park prices.
Speaking of managing/vision, it will be interesting if he can come up with a creative option to deal with plummeting ESPN subs while maintaining the expensive sports contracts. Will it be a pivot to ESPN+? Will it be a forced bundle of Disney+/ESPN+ like we have with our TV packages (and the cause of their demise)
Also interested in how he’ll deal with Comcast and Hulu.
We already know he’s raising prices on everything at the parks while cutting niceties. No more Magic Express, free Flash Passes, trams from the parking lots etc.
Of course the parks are still very crowded. They need to build two more US parks, but while they’re spending all their money on streaming content, they’re happy to jack up their park prices.
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$Moderna(MRNA.US$ Winning a judgement to not invalidate patents based on standing is a long way from winning a judgement to enforce a patent infringement. This seems overstated here. Royalties could happen but we are not close to that point right now.
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$PayPal(PYPL.US$ stock gains 1.6% in premarket trading after CEO Dan Schulman said the company's "Buy Now, Pay Later" option surged almost 400% Y/Y on Black Friday in an interview on CNBC's "Mad Money" program.
"That's been one of the stars of the holiday season for us," Schulman said after the close on Tuesday.
Keep in mind that the company has only been in BNPL for about a year or year and a half, which means the base from a year ago was very small.
"We did some 750,000 transactions alone in one day on Black Friday," he told Jim Cramer referring to the Friday after Thanksgiving. And the company had more than $1B of process volume through its BNPL option in November. "We did over 1M first-time users for the first time ever in a month," he added.
When asked if PayPal is a "second fiddle" in BNPL, Schulman said the company has grown to one of the top three or four BNPL players in the world.
He also said the company is on track for 55M net new actives.
BNPL rival $Affirm Holdings(AFRM.US$ rises 1.6% in premarket. $Block(SQ.US$, which is buying BNPL firm $Afterpay Ltd.(AFTPF.US$, rises 0.6%. $MasterCard(MA.US$ gains 1.8% and $Visa(V.US$ is up 1.4%; both are involved in BNPL.
In the past year, PayPal's stock decline of 14% contrasts with Square's 1.3% decline, Affirm's 159% surge, and the S&P 500's 28% increase as seen in the graph below.
Previously (Nov. 28), Affirm Holdings and $Adyen N.V. Unsponsored ADR(ADYEY.US$ stocks extend gains as PayPal, Visa, other peers slip.
"That's been one of the stars of the holiday season for us," Schulman said after the close on Tuesday.
Keep in mind that the company has only been in BNPL for about a year or year and a half, which means the base from a year ago was very small.
"We did some 750,000 transactions alone in one day on Black Friday," he told Jim Cramer referring to the Friday after Thanksgiving. And the company had more than $1B of process volume through its BNPL option in November. "We did over 1M first-time users for the first time ever in a month," he added.
When asked if PayPal is a "second fiddle" in BNPL, Schulman said the company has grown to one of the top three or four BNPL players in the world.
He also said the company is on track for 55M net new actives.
BNPL rival $Affirm Holdings(AFRM.US$ rises 1.6% in premarket. $Block(SQ.US$, which is buying BNPL firm $Afterpay Ltd.(AFTPF.US$, rises 0.6%. $MasterCard(MA.US$ gains 1.8% and $Visa(V.US$ is up 1.4%; both are involved in BNPL.
In the past year, PayPal's stock decline of 14% contrasts with Square's 1.3% decline, Affirm's 159% surge, and the S&P 500's 28% increase as seen in the graph below.
Previously (Nov. 28), Affirm Holdings and $Adyen N.V. Unsponsored ADR(ADYEY.US$ stocks extend gains as PayPal, Visa, other peers slip.
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