601099 The Pacific
- 3.72
- +0.16+4.49%
The Pacific News
Buffett's PacifiCorp now faces $30 billion fire claim
Pacific Power Company (PacifCorp), a subsidiary of Berkshire Hathaway Inc. (Berkshire Hathaway Inc.), is currently facing a $30 billion claim from victims of the 2020 Labor Day wildfires in Oregon, which has escalated the legal crackdown faced by the largest power grid operator in the western United States. Although the amount of compensation sought in an amended lawsuit filed on Monday is about 2.5 times the actual value of PPC, it is also much higher than the amount of compensation PPC may face based on claims that have been settled so far. Taiping
Pacific (601099.SH): Net profit of 348.317 million yuan in the first quarter decreased by 76.61% year-on-year
On April 27, Ge Longhui (601099.SH) released its report for the first quarter of 2024, achieving operating income of 278 million yuan, a year-on-year decrease of 40.47%; net profit attributable to shareholders of listed companies of 348.317 million yuan, a year-on-year decrease of 76.61%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 336.786 million yuan, a year-on-year decrease of 77.47%; and basic earnings per share.
Bill Gross: Stick to value stocks and avoid tech stocks due to soaring US yields
On Thursday, after the release of some worrying US economic data, US Treasury bonds and stocks plummeted, and Bill Gross made some suggestions to investors: “Stick to value stocks and avoid tech stocks for the time being.” The former king of bonds wrote on social media platform X that if investors had to get involved in technology companies, they should buy Microsoft Corp. (Microsoft Corp.) shares. He also quoted Don McLean (Don McLean)'s hit 1971 song “American Pie” (American Pie). At the time of these recommendations, the standard
IMF Asia Pacific Department answers Sina Finance: Asia plays an important role in global climate change challenges
On April 19, 2024, during the spring meeting between the International Monetary Fund and the World Bank, the IMF predicted that the Asia-Pacific region would grow by 4.5% in 2024, up 0.3 percentage points from the forecast in October last year. Asia's contribution to global growth is expected to reach around 60% during the same period. When asked about the IMF's specific measures in the region's transition to low-carbon and sustainable development, the IMF Asia Pacific Department responded to Sina Finance saying that Asia's role in the global climate change challenge is critical. “As the biggest engine of global growth, Asia not only has some of the most emitting countries in the world, but also
Former Federal Reserve Vice Chairman Clarida Thinks This Year's Interest Rate Cut May Be Less Than Expected
Former Federal Reserve Vice Chairman Richard Clarida (Richard Clarida) said on Friday that stubbornly high inflation may prompt the Federal Reserve to take a more cautious stance on cutting interest rates this year. Clarida stepped down as vice chairman and board member of the Federal Reserve in January 2022. He is the third US Federal Reserve official to resign since 2021 due to an investment transaction scandal. When he submitted his resignation, US media reported that his investment deal might violate the principle of conflict of interest. Currently, Clarida is a global economic advisor to asset management giant Pacific Investment Management (Pimco). Clarida
El-Erian: Markets see good news in vague US nonfarm payrolls report
Mohamed El-Erian, dean of Queen's College at Cambridge University, said investors viewed the US non-farm payrolls report as “good news,” although mixed employment data did not provide much reliable signal for policy makers. “The bottom line for policymakers and most economists is that we're going to think this doesn't include much new information,” El-Erian said. But the current mentality of investors is “good news is good news; bad news is also good news,” he said. Friday's report showed that the US unemployment rate climbed to a two-year high in February, and wage growth slowed, but the number of employed people continued to grow steadily.
The Past Five Years for Pacific Securities (SHSE:601099) Investors Has Not Been Profitable
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the lo
Pacific (601099.SH) posted a pre-profit of 180 million yuan to 270 million yuan in 2023, turning a year-on-year loss into a profit
Pacific (601099.SH) disclosed a pre-profit announcement for its 2023 annual results. The company expects the reporting period to fall under...
External market headlines: Apple delays launch of self-developed cars and lowered autonomous driving targets Goldman Sachs says the market will throw off US stocks in the next week, overmonitor employees, and Amazon will be fined
The main headlines that global financial media paid attention to last night and this morning were: US Treasury yields climbed to a high point in 2024. Affected by the sell-off of European government bonds due to supply factors and the start of a series of US treasury bond issuances, US 30-year Treasury yields approached the highest level this year on Tuesday. The 30-year treasury bond led the rise in US bond yields. At one point, the yield rose by more than 7 basis points to 4.39%, which is less than 1 basis point short of the high for the year set on January 19. The yield on most Eurozone 30-year Treasury bonds rose by at least the same amount, as
“King of Bonds” Gross: Stop investing in the “Big Seven US stocks” energy and telecom stocks
Bill Gross (Bill Gross), co-founder of Pimco (Pimco) and a famous fund manager, recently issued a warning not to invest more money into the so-called “Big Seven US stocks,” even though they led the stock market higher last year. Gross believes that the current stock valuation is too high, the severe recession is a real threat, and the US is falling into a debt spiral. He said that the S&P 500 hit a record high, which was meaningless to him. The price-earnings ratio of this benchmark stock index is about 19 times, while the current real interest rate or interest rate adjusted for inflation is only 1.8%.
Apple Vision Pro will go on sale in the US on February 2, starting at $3,499
According to Apple's official website, Vision Pro will go on sale at all Apple offline and online stores in the US on February 2. People can pre-order starting at 5:00 a.m. Pacific time. According to reports, the starting price of Vision Pro is 3,499 US dollars, and the storage space is 256GB. Apple CEO Cook said that the era of spatial computing has arrived, and Apple Vision Pro is the most advanced consumer electronics device ever made. Its revolutionary and amazing user interface will redefine the way people connect, create, and explore.
The US National Transportation Safety Board will report the Alaska Airlines/Boeing incident
US National Transportation Safety Committee Chairman Jennifer Homendy will inform the media about the Alaska Airlines Flight 1282 Boeing 737 Max 9 passenger plane incident on Friday at 8 p.m. Pacific time (12:00 p.m. Beijing time on Monday).
The central price of RMB was 7.0770, an increase of 57 points
On January 2, the central price of RMB was 7.0770, an increase of 57 points. The median price for the previous trading day was 7.0827. The probability that the Fed will cut interest rates in February is 15.5% CME “Federal Reserve Watch”: the probability that the Fed will keep interest rates unchanged in the 5.25%-5.50% range in February is 84.5%, and the probability of cutting interest rates by 25 basis points is 15.5%. The probability of keeping interest rates unchanged until March next year is 13.5%. The probability of cutting interest rates by 25 basis points is 73.5%, and the probability of cutting interest rates by 50 basis points is 13.0%. Wall Street mogul Peter Schiff warns: $2
China Taibao: Pacific Life Insurance's cumulative original insurance business revenue for the first 11 months was 223.977 billion yuan, up 4.4% year on year
China Taibao (02601) announced that from January 1, 2023 to November 30, 2023, the cumulative original insurance business revenue of the company's subsidiary China Pacific Life Insurance Co., Ltd. was RMB 223.977 billion, an increase of 4.4% over the previous year. The cumulative original insurance business revenue of the company's subsidiary China Pacific Property Insurance Co., Ltd. was RMB 174.757 billion, up 11.8% year on year.
OpenAI CEO Fired: Microsoft and OpenAI Employees Are Stumped
Sina Technology News, at noon on November 18, Beijing time, OpenAI's board of directors fired co-founder and CEO Sam Altman on Friday. Regarding this decision, the OpenAI investor Microsoft Corp. officially received the news only a few minutes in advance, which shocked Microsoft employees. At OpenAI, employees, like the rest of the world, were aware of this decision almost simultaneously. At 12:30 Pacific time on Friday (4:30 a.m. Beijing time on Saturday), OpenAI issued a harshly worded statement announcing the dismissal of Altman as the company's chief technology officer
Former chief economist at Pimco: The Fed's next move will be to cut interest rates
Paul McCulley (Paul McCulley), a former chief economist at PIMCO (PIMCO), said the Fed's next interest rate move would be to cut interest rates, as the fall in inflation in October was a “game changer” for Fed officials. In an interview on Tuesday, McCalley pointed out that US inflation slowed last month, and the consumer price index (CPI) increase fell to 3.2% year over year. This was lower than the expected 3.3% and was a major victory for the Federal Reserve. Over the past year, the Federal Reserve has been raising interest rates drastically to control soaring prices
Pacific Securities (SHSE:601099) Shareholders Have Earned a 46% Return Over the Last Year
The Pacific Securities Co., Ltd (SHSE:601099) shareholders might be concerned after seeing the share price drop 18% in the last quarter. But looking back over the last year, the returns have actual
India's Minister of Industry visited Tesla's California factory. Musk was unable to accompany him due to illness
India's Commerce Minister Piyush Goyal (Piyush Goyal) visited Tesla's Fremont, California factory on Monday local time. Goyal posted on social platform X: “We visited Tesla's state-of-the-art manufacturing facility in Fremont, California. It's great to see talented Indian engineers and finance professionals working in senior positions, contributing to Tesla's extraordinary journey to transform mobility. I'm also proud to see the growing importance of Indian auto parts suppliers in Tesla's electric vehicle supply chain. The company is working to increase the number of parts it imports from India
Top 20 US stock turnover on October 30: Tesla hit a new low since May, and its suppliers say demand in the North American market is slowing
On Monday, Tesla, the number one in US stock turnover, closed down 4.81%, and its stock price fell below 200 US dollars, the lowest closing price since the end of May, with a transaction price of 27.09 billion US dollars. Tesla battery supplier Panasonic Corp. released a financial report on Monday saying that demand for high-end electric vehicles in the North American market is slowing down. As a result, the company lowered its performance guidelines for its energy division, which produces batteries for Tesla and other automakers, and expects the division's operating profit to drop 15% this fiscal year. The second-place Nvidia closed 1.63% higher and traded $15.722 billion. Nvidia will hold an interception on November 21 at 14:00 p.m. Pacific time
The central price of RMB was 7.1781, up 1 point
On October 30, the central price of RMB was 7.1781, up 1 point, and the median price on the previous trading day was 7.1782. The probability that the Fed will keep interest rates unchanged in November is 97.4% CME “Fed Watch”: the probability that the Fed will keep interest rates unchanged in the 5.25%-5.50% range in November is 97.4%, and the probability of raising interest rates by 25 basis points to the 5.50%-5.75% range is 0.0%. The probability of maintaining interest rates unchanged by December is 78.6%, the probability of a cumulative interest rate hike of 25 basis points is 19.3%, and the probability of a cumulative interest rate hike of 50 basis points is 0.0%.
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