May 30th Market News
Important News
1. The U.S. Core PCE Price Index Annual Rate for April was 2.5%, a new low since March 2021, market expectations were 2.5%.
2. U.S. Trade Representative: Tariff lawsuits have not affected trade negotiations. The scope of "Section 301" can be expanded as needed.
3. Sources: OPEC+ may increase production more than expected in July.
Individual Stock News
1. Apple (AAPL.O) is increasing its investment in India and plans to open its third retail store in Bangalore.
2. Ford Motor (F.N) Chairman Bill Ford said that new battery plant plans may be at risk if tax breaks are cut.
3. Synopsys (SNPS.O) has notified its Chinese employees to stop service and sales in China and stop accepting new orders in order to comply with the new U.S. export restriction rules.
4. Chabaidao (CHA.O): Total net revenue in the first quarter was 3.39 billion yuan, a year-on-year increase of 35.4%; net profit was 677 million yuan, a year-on-year increase of 13.8%.
5. According to Nikkei News: SoftBank, Intel (INTC.O) and other companies will jointly develop large-capacity memory for artificial intelligence chips.
6. Costco (COST.O) third fiscal quarter revenue was $63.2 billion, an increase of 8.0% year-on-year.
7. Market news: Barclays has agreed to purchase 100,000 licenses for Microsoft (MSFT.O) Copilot AI assistant.
8. Dell (DELL.N): Overall sales for the first fiscal quarter of fiscal year 2026 increased by 5% year-on-year to $23.4 billion, higher than analysts' expectations.
9. UP Fintech Holding (TIGR.O) Q1 revenue increased by 55% year-on-year, and net profit increased by 145% year-on-year.
10. New lung disease drug trial results were mixed, and Sanofi (SNY.O) and Regeneron Pharmaceuticals (REGN.O) fell in pre-market trading in response.
11. Gap (GPS.N) fell 15% in pre-market trading after the company warned that tariffs imposed by the Trump administration would erode its annual operating profit, while the company's previous performance outlook did not include the impact of tariffs.
(From Jinshi Data App)
