Bloomberg

• Close: inflation worries ease temporarily, US stocks end three consecutive declines

U. S. stocks stopped falling last night as signs of a stronger job market eased inflation concerns, and the three major indexes closed higher after three trading days.

Bitcoin, which had plummeted because of Musk, is still under pressure, hovering around $48000. Revenue from Coinbase, the largest cryptocurrency exchange in the United States, fell short of Wall Street expectations and fluctuated in late trading.

The number of new jobless claims has reached its lowest level since the epidemic, suggesting that we are closer to a full resumption of work, which is undoubtedly a good thing.

-Mike Loewengart, Managing Director of E*Trade Financial Investment

• Will stocks fall when there is inflation? Wall Street doesn't think so.

When economists wonder whether the United States will face a protracted inflation, or just a small problem on the chart, stock analysts have turned their attention toIf inflation happens, will the stock market fall?

In contrast to the recent market downturn, stocks tend to rise in times of high inflation. The rise in inflation expectations over the past year (as measured by changes in the breakeven rate over the past five years) has been accompanied by positive returns in the stock index.

-Jonathan Golub, strategist at Credit Suisse

Wall Street Journal

• DoorDash revenue of American version of "Meituan takeout" increased by 198% compared with the same period last year.

In the first quarter of this year, the American version of Meituan takeout$DoorDash (DASH.US) $Revenue was $1.08 billion, up 198% from a year earlier, exceeding Wall Street's expectations of $994 million.This shows that in the context of COVID-19 's rising vaccination and the imminent recovery of the economy, the demand for takeout services continues.

While DoorDash's loss narrowed slightly to $110 million from $129 million in the same period last year, it was below analysts' expectations of a loss of $63 million. But Prabir Adarkar, DoorDash's chief financial officer, says the company is focused on growth and is taking advantage of shifts in consumer behavior in the short term.

According to market research firm Edison TrendsIn January, DoorDash accounted for more than half of the u.s. takeout market, up from 1/3 last year.Analysts say DoorDash continues to erode competitors' market share, thanks to its strong growth in the suburbs, a wider choice of restaurants and the operational efficiency of its takeout business itself.

• Cipher currency Exchange currency an faces investigation by the U.S. Department of Justice and the Internal Revenue Service.

Qian an, one of the world's largest encrypted currency exchanges, is under investigation by the U.S. Department of Justice and the IRS. As part of the investigation, officials responsible for investigating money laundering and tax violations sought information from individuals familiar with the currency security business, according to people familiar with the matter.

We take our legal obligations very seriously and cooperate with regulators and law enforcement agencies. The company does not comment on specific matters or questions. We have been working to establish a strong compliance program that incorporates anti-money-laundering principles and tools used by financial institutions to detect and deal with suspicious activities.

-Yuan an spokesperson Jessica Jung

Spokesmen for the Justice Department and the IRS declined to comment.

CNBC

• Not as expected! The growth of Disney streaming subscribers slows down

$Disney (DIS.US) $The latest quarterly results showed that operating income fell 13 per cent year-on-year to $15.61 billion, below market expectations of $15.85 billion; adjusted net profit was $912 million, up 95 per cent from a year earlier; and adjusted EPS was $0.79, down 32 per cent from a year earlier.

The growth of Disney's streaming service began to slow, with revenue and subscribers falling short of expectations.The number of subscribers reached 103.6 million, less than the 109 million expected by FactSet.But Disney CEO Bob Chapek said the figure was in line with internal expectations.

• Coinbase Q1 has a net profit of US $770 million and will be traded with dog money online.

The largest cryptocurrency exchange in the United States, established in 2012.$Coinbase Global, Inc. (COIN.US) $It released its first quarterly results since it went public in mid-April.

Coinbase Q1 has revenue of $1.8 billion, 94 per cent of which comes from cryptocurrency trading commissions; net profit of more than $770 million is more than four times that of the previous quarter and more than 24 times that of the same period last year. The average number of monthly trading users more than doubled from the previous quarter, surging from 2.8 million to 6.1 million.

Coinbase management says it plans to launch dog currency trading in the next six to eight weeks.

Financial Times

• The revenue of Airbnb Q1 exceeded expectations, and Q2 bookings are expected to break out.

$Airbnb (ABNB.US) $First-quarter revenue was $887 million, up 5% from a year earlier, higher than Wall Street's estimate of $721 million. Bookings were 64.4 million, up 13 per cent year-on-year, and the average daily price was $160, up 35 per cent year-on-year. Although it exceeded revenue expectations, it posted a net loss of $1.8 billion in the first quarter, mainly due to one-time charges such as stock compensation schemes, which exceeded the projected loss of $680 million.

The company says the growth is mainly due to more expensive family trips, more full housing bookings and more non-urban destinations.Bookings are expected to be much higher in the second quarter than in the same period last year, and travel will resume later this year.

• Invest 7.5 billion dollars! Hyundai will produce electric cars in the United States

Hyundai Motor Group, which owns Hyundai and Kia, said it would invest $7.5 billion in electric vehicles in the US, including hydrogen gas stations and driverless taxis.

Hyundai said in a statement on Thursday that these investments would continue until 2025. The company did not specify how much money would be invested in each area. Hyundai confirmed that the electric car will be produced at an assembly plant in Montgomery, Alabama.

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