📈💰【Financial News】Despite Tuesday's stock market decline and market volatility in early August, U.S. stocks have performed well overall this year, but gold has performed even better! Gold prices rose by about 30% last year, while the S&P 500 rose by only about 23%. The spot price of gold has exceeded $2,500, which is slightly lower than the historical high, but still strong.
💡Gold has always been seen as a safe haven asset and a hedge against inflation. Rob Horwath, senior vice president of U.S. Bank, said the current environment is different from the past 30 years, and both stock and gold investors have received generous returns.
📊Novice investors can buy physical gold through banks, brokers or Costco, or choose exchange-traded funds such as SPDR Gold Shares to avoid the hassles and costs of storing gold.
🌟 Horwath pointed out that the increase in central bank purchases of gold is an important factor in the rise in gold prices, especially the large purchases by the People's Bank of China in the past 18 months, aimed at reducing dependence on the US dollar.
🤔Will gold prices continue to rise? Haworth believes that investing in gold has certain strategic value, but in the long run, it is not clear how gold will contribute to personal financial planning.
📢What do you think about the future trend of gold? Feel free to share your views in the comments section!#Finance#Gold#Investment#Stock Market #Blockchain
🚗💥【Financial News】Traditional car companies face their darkest hour, and new energy vehicles are making a strong debut!
📉Recently, Dongfeng Honda, a joint venture between Honda and Dongfeng Motor Group, announced layoffs, and nearly 2,000 employees will voluntarily resign with compensation as high as "N+3". Honda's sales in China continued to decline, down 44.3% year-on-year in August, of which Dongfeng Honda fell 59% and GAC Honda fell 23%.
🔋At the same time, the new energy vehicle market is in full swing! In August, new energy vehicle sales reached 1.1 million units, a year-on-year increase of 30%. BYD's performance was particularly impressive, with sales reaching 2.3284 million units in the first eight months of this year, a year-on-year increase of 29.92%.
🚀New energy vehicles not only have low operating costs and good driving experience, but have also been selected by governments in many places as the first choice for public vehicle renewal. In the future, new energy vehicles may completely replace fuel vehicles and become the mainstream of the market.
💬What do you think of the transformation of traditional car companies and the rise of new energy vehicles? Feel free to share your thoughts in the comments section!#financialnews#newenergycars#Honda#BYD
🌟【Financial News】The new consumption wave of blockchain is coming! 🌟
At the 2024 Fortune 40U40 Creation Conference on September 5, the CEOs of Canban, White Rabbit Group and Saint Bella gathered together to discuss the future trends of new consumption. 💡
1️⃣ **Canban CEO Yin Kuo**: An innovator in the oral care track, with annual sales exceeding 2 billion through new media platforms and high-quality product formulas! Mr. Yin shared how to find a breakthrough point in the traditional track.
2️⃣ **White Rabbit Group Chairman Wang Aoyan**: The new gameplay of MCN agencies has gradually transformed into a channel company to enhance its own competitiveness. Mr. Wang revealed how to help BBK reorganize through channel expansion and industry empowerment.
3️⃣ **Saint Bella CEO Xiang Hua**: A technological innovator in high-end maternal and child services, using artificial intelligence and big data to enhance customer experience. Mr. Xiang introduced innovative products such as smart mattresses and plans to open source large models next year.
The new consumption track is full of opportunities and challenges. We look forward to the emergence of more innovative products and services! 📈💬 What do you think of the new consumption trend? Welcome to share your views in the comment area! #区块链 #新消费 #财经新闻
🚀【Financial News】U.S. consumer borrowing soared in July, the largest increase since November 2022! 💳
📊 Federal Reserve data showed that total outstanding credit increased by $25.5 billion, far exceeding expectations! Among them, credit card debt increased by $10.6 billion, and non-revolving credit such as auto loans and tuition increased by $14.8 billion.
🛍️ Increased borrowing has driven the growth of retail sales, especially motor vehicle sales. But be aware that high credit card arrears and high-interest loans may have a negative impact on consumption.
📉 Although the Federal Reserve is expected to cut its benchmark interest rate next week, it will take time to reduce consumer financial costs. The New York Fed report showed that the proportion of overdue debt in the second quarter was 3.2%, and the proportion of new overdue auto loans and credit card arrears continued to rise.
📈 The proportion of auto loans overdue for at least 30 days is the highest since 2010, and the proportion of new overdue credit card liabilities has increased to 9.05%, the highest in about 12 years.
💬 What do you think of this wave of lending? Feel free to share your thoughts in the comments!#financialnews#blockchain#federalrepublic#consumercredit
📈【Financial News】South Korea's fertility rate hits a new low, and the pet economy has new opportunities! 🐶
1️⃣ South Korea's fertility rate has dropped to the lowest in the world, only 0.72 in 2023, far below the 2.1 required to maintain a stable population. At the same time, the number of pet-owning households has increased from 3.5 million in 2012 to 6 million in 2023. 📉
2️⃣ Data shows that in 2023, sales of pet dog strollers exceeded baby strollers for the first time, and this trend is expected to continue until 2024. The booming pet economy may be a way for young people to cope with high living costs and workplace pressure. 📊
3️⃣ Politicians are concerned that young people are no longer getting married and having children, but are choosing to keep pets. South Korean President Yoon Seok-yeol even called it a "national population emergency." 📢
4️⃣ What do you think of this phenomenon? Feel free to share your views in the comments section! 👇 #FinancialNews#Blockchain#Korea#Fertility#Pet Economy
🚗💡【Tesla FSD is about to enter China, and the competition for autonomous driving has started in full swing! 】 #Tesla#Autonomous Driving#FSD#Tech News
Tesla announced plans to launch fully autonomous driving technology (FSD) in China and Europe in the first quarter of next year, but it still needs regulatory approval. As soon as the news came out, Tesla's stock rose nearly 5%, and Chinese smart driving-related stocks also strengthened.
FSD uses neural networks for vehicle control and provides an anthropomorphic intelligent driving experience, which is different from the laser radar route of domestic companies. Although Musk has repeatedly stated that FSD will enter China, the specific time has not yet been determined.
Tesla's Robotaxi project is also underway and is expected to be released in October. Although Tesla faces declining market share and revenue pressure, autonomous driving technology is seen as the key to maintaining market confidence.
Guotai Junan said that FSD's entry into China will accelerate the development of the domestic smart driving industry. Tesla's ownership and data accumulation in the Chinese market will determine the time for FSD to mature and land.
What do you think of Tesla's FSD entering China? What are your expectations for the domestic smart driving industry? Welcome to share your views in the comment section! 🚀💬
The stock market has performed poorly in the summer, but don't worry, the rebound opportunity is here! 📈
1️⃣ August and September are usually weak periods for the stock market, but historical data shows that October is often the beginning of a rebound. Bespoke Investment Group pointed out that since World War II, 19 of the 61 rebounds of more than 10% began in October.
2️⃣ Ned Davis Research also said that the fourth quarter is usually the strongest three months for the stock market, especially the "Santa Claus market" in December is worth looking forward to.
3️⃣ Despite the slowdown in job growth, the number of unemployment benefit applications is low, corporate earnings are strong, GDP data and retail sales are good, and market fundamentals remain solid.
4️⃣ Jay Hatfield of Infrastructure Capital Advisors predicts that the S&P 500 is expected to reach 6,000 points, which means an 11% upside.
What do you think? Welcome to share your views in the comment section! 💬📊 #Stockmarket#Investment#Economy#Dataanalysis
The latest iPhone 16 series is here as expected, priced from 5999 yuan! Although the highly anticipated Apple Intelligence is temporarily absent, the addition of AI functions is still exciting! ✨
The iPhone 16 series is equipped with AI functions such as productivity assistant, emoji generation, upgraded Siri, and will change the user experience through the "camera control" button in the future. 📸
Although Chinese users have to wait until next year to use these AI functions, the new wave of global AI has begun! Investment institution Wedbush Securities predicts that the iPhone 16 series is expected to lead this trend, with sales of more than 240 million units in fiscal year 2025! 📈
What do you expect from the AI function of iPhone 16? Welcome to share your views in the comment section! 👇 #TechNews#Blockchain#AI #AppleIntelligence#FinancialInformation
Nvidia has been in turmoil in recent weeks, with its stock price falling by about 18% since August 19. On September 3, it set a record of a single-day drop of 9.5%, with a market value of $279 billion evaporated on that day! 😱
Bloomberg reported that the U.S. Department of Justice will strengthen its antitrust investigation into Nvidia, and a subpoena has been issued. The Department of Justice expressed concern about Nvidia's monopoly behavior, especially its behavior that makes it more difficult for customers to switch to new suppliers.
Nvidia responded that the company "wins by strength" and strictly abides by laws and regulations. But dissatisfaction with its strategy seems to be widespread in the technology community.
Experts predict that this investigation may lead to a slowdown in Nvidia's business and even face huge fines. However, Nvidia's technological advantages and revenue growth make people still confident in its future.
What do you think of Nvidia's future? Welcome to share your views in the comment section! 💬📊#FinancialNews#Blockchain#Nvidia#Antitrust
🚀#FinancialNews: Musk vs. the EU is about to start! 🌍
1️⃣ Musk's X platform (formerly Twitter) in Brazil was shut down due to false information issues, but this is just the beginning of the trouble. The EU is also investigating whether X violated the Digital Services Act and could face a fine of up to 6% of global turnover.
2️⃣ Since Musk took over X, his "free speech absolutism" attitude has aroused concerns among politicians and digital rights organizations around the world. The EU may decide whether to take action within a few months.
3️⃣ Despite the fierce words, the EU digital regulator said it is still in dialogue with X. Experts believe that the possibility of a full EU ban on X is extremely low, but fines and other measures are still under discussion.
4️⃣ Musk has a tense relationship with the EU, and the two sides have repeatedly engaged in a war of words on social media. Musk even mocked Breton, the EU's head of technology enforcement, and shared a picture with vulgar information.
💬 What do you think of this showdown between Musk and the EU? Who do you think will win? Welcome to share your views in the comments section! 📢 #Business#Tech#News#Data #Blockchain
🚀【Financial News】Deutsche Bank CEO: Germany needs to work harder! 💼
Deutsche Bank CEO Christian Sewing said at a conference in Frankfurt that Germany needs to return to working as hard as the EU average. 📊
🌍The German economy is currently in trouble: Volkswagen is considering closing factories, and Intel is reassessing its $32 billion plan for a new factory in Germany. These are the result of slow economic growth and insufficient investment.
📉Data shows that the average working week in the EU will be 36.1 hours in 2023, while Germany will only be 34 hours. Sewing pointed out that this difference affects Germany's competitiveness.
💬What measures do you think Germany needs to take to improve its economic situation? Feel free to share your views in the comments section! 📈 #FinancialNews#DeutscheBank#GermanEconomy#Blockchain#Working Hours #Investment
In recent years, "sustainable development" has become a hot topic around the world, and companies have also regarded it as a "compulsory course"! 🌍BOE has released the "Green+, Innovation+, Community+" concept, looking forward to leading industrial and social progress through green development and technological innovation.
On September 3, 2024, the "BOE IPC Night" event jointly organized by Fortune and BOE brought together industry elites to discuss the integration of technology and green. Topics such as green transformation of manufacturing, semiconductor recycling, and clean energy have sparked heated discussions.
BOE Executive Vice President Wang Xiping shared six major action paths such as green management and green products, and companies such as Corning and Asus also demonstrated their respective green achievements. 💡
What do you think about sustainable development? See you in the comments section! 👇 #FinancialNews#SustainableDevelopment#TechnologicalInnovation#GreenTransformation
1/3 J.Crew's physical catalog, which was discontinued seven years ago, will return this month! The company, which filed for bankruptcy in 2020, is taking advantage of the surge in nostalgia to re-launch a physical catalog with fashion blockbusters and exclusive interviews.
2/3 Demi Moore will be on the cover of the fall 2024 edition, and the catalog will also add modern elements, such as QR codes linking to shopping apps. Only three copies are published each year, and they can be picked up for free or mailed to your home.
3/3 It may seem a bit strange to choose a physical catalog in the digital age, but nostalgia is in full swing, and both vinyl records and cassette tapes are back. What do you think? Feel free to share your thoughts in the comments section! 👇💬
🚗⚡️【Electric Vehicle Revolution: Volkswagen's Road to the Future】⚡️🚗
In Zwickau, Germany, the factory that once produced Golf sedans has now been completely renovated and has become Volkswagen's first pure electric vehicle factory! This epic drama called the "Electric Vehicle Revolution" will define the direction of the global automotive industry in the next few decades. 🌍
Volkswagen has spared no effort in the field of electric vehicles, and plans to invest about $130 billion in the next five years! Despite the challenges, Volkswagen's goal is to sell 4 million electric vehicles in China by 2030. 🚀
However, in the face of fierce competition in the Chinese, American and European markets, whether Volkswagen can quickly transform has become the key. Do you think Volkswagen can win this electric vehicle competition? Welcome to share your views in the comment area! 👇 #ElectricVehicle#Volkswagen#Technological Innovation#FutureTravel
🚀【Financial News】Nvidia's stock price plummeted, is the investment opportunity here? 📉
Nvidia has risen rapidly due to Wall Street's artificial intelligence boom, but the market sell-off on Tuesday caused its market value to shrink by $279 billion, setting a record for the largest single-day drop for a US company. The stock price continued to fall slightly on Wednesday. 😱
Despite this, Nvidia's stock price has risen 115% so far this year. Analysts warn that investors should not expect the stock price to continue to rise at the same rate. Nvidia's data center business had record revenue last quarter, but the growth rate has slowed significantly. 📊
Angelo Chino, an analyst at CFRA Research, said that Nvidia's current trading price is far below historical valuation levels. The Bank of America analyst team also raised Nvidia's stock price target to $165. 📈
In the long run, as more AI-enabled devices and connected devices come out, data center demand will continue to increase. Investors may not miss the opportunity to buy Nvidia shares now. 💡
What do you think? Feel free to share your thoughts in the comments! 💬 #英伟达#Nvidia#InvestmentOpportunities#FinancialNews#AI
#FinancialNews Express# Taobao Tmall and WeChat Pay finally "join hands"! On September 4, Taobao Tmall announced that it would add the WeChat payment function, which will be gradually opened to all merchants from September 12. This means that everyone can use WeChat Pay directly when shopping on Taobao Tmall! 🎉
This cooperation not only improves the user experience, but also marks an important step in the "interconnection" between Alibaba and Tencent. After completing the rectification, Alibaba opened up a new business space with the help of WeChat, a national-level application. 📈
The huge user base of WeChat Pay, especially the usage rate of the elderly group, has allowed Alibaba to see new growth points. Although this may weaken Alipay's moat, Alibaba has to make a choice under the demand for returning to growth.
What do you think of this cooperation? What impact do you think it will have on the market? Welcome to share your views in the comment area! 💬 #Business#Technology#Data#News #Blockchain
📈【Financial News】Challenges and opportunities in the U.S. commercial real estate market! 🏢
According to JLL, landlords of commercial real estate such as office buildings and apartment buildings in the United States have $1.5 trillion in debt due by the end of next year, of which about a quarter of the loans may be difficult to refinance.
🔍 High interest rates have led to higher financing costs and lower building values, and landlords face greater challenges. However, as expectations of lower interest rates become clear, market optimism is gradually heating up.
🏠 Apartment debt accounts for 40% of debt that is about to mature, and many owners bought these assets during the low-interest loan cycle and now face refinancing difficulties. Rising insurance costs and falling home values are making matters worse.
📊 Despite this, investors do not believe that problems in the commercial real estate market pose a risk to the banking system. Lenders are also modifying loan terms to help borrowers stay afloat.
💬 What do you think about the future of the U.S. commercial real estate market? Feel free to share your views in the comments section!#FinancialNews#CommercialRealestate#Blockchain#InvestmentOpportunities
Warren Buffett and his successor Greg Abel have been selling off Berkshire Hathaway's core stocks since 2022, causing cash reserves to surge 161% to $276.9 billion! 💰
Recently, Berkshire sold 150.1 million shares of Bank of America for $6.2 billion, reducing its stake by 14.5%. Despite this, they are still the largest shareholder of Bank of America, holding 11.4% of the shares, worth about $36 billion.
Some investors worry that this means the market will usher in turmoil, but investment expert Haruki Toyama believes that this is not a clear bearish signal for the market. Buffett may just think that stock valuations are high and choose to lock in profits. 📊
What do you think of Buffett's operation? Welcome to share your views in the comment section! 👇 #FinancialNews#Buffett#Stock Market#InvestmentStrategy
🚀【Financial News】New US chip regulations for China are about to be implemented! 💥
The Biden administration plans to announce new regulations in August to prevent foreign companies from exporting chip manufacturing equipment to China. Affected countries include Israel, Taiwan, Singapore and Malaysia, but allied companies such as Japan, the Netherlands and South Korea are excluded.
The United States also plans to add about 120 Chinese entities to the restricted trade list, including six chip manufacturers and related companies. The new regulations have not yet been implemented, but the United States has repeatedly imposed controls on Chinese chips.
Japanese and Dutch companies are not included in the new regulations, but the United States has exerted pressure through diplomatic channels. The Dutch government may not renew ASML's equipment maintenance license in China, and Japan has not tightened controls due to political changes.
South Korea may meet US requirements to a certain extent under the US-ROK alliance, but it also faces the dilemma of economic dependence on China.
💬 What do you think of this wave of US operations? Let's talk about it in the comment area! 📊#FinancialNews#ChipControl #Blockchain
🚀【Alibaba completed three years of rectification and ushered in a new starting point! 】🚀
On August 30, the State Administration for Market Regulation announced that Alibaba Group had completed a three-year rectification task. Alibaba strictly regulates business practices, improves the service level of merchants and consumers on the platform, and achieves remarkable results in rectification. 👏
Looking back on 2021, Alibaba was fined 18.228 billion yuan for its "choose one" monopoly behavior, setting the largest fine in China's antitrust history. In the face of punishment, Alibaba quickly took measures to stop monopolistic behavior and promote interconnection. Nowadays, platforms such as Ele.me and Youku have integrated WeChat payment, and Taobao Special Edition App has also added support for WeChat payment. 📱
In March this year, Alibaba launched the "1+6+N" organizational reform, aiming to stimulate innovation and competitiveness. Although Alibaba's market value has fallen sharply, after the rectification is completed, Alibaba said it will continue to innovate and operate in compliance with regulations to create more value for society. 💡
Alibaba has completed dual primary listings on the Hong Kong and New York Stock Exchanges to diversify risks and enhance global market visibility. In the future, market supervision will pay more attention to involution and vicious competition. The end of Alibaba's rectification may be a turning point to regain confidence. 📈
What do you think of Alibaba’s future development? Welcome to share your views in the comment area! 👇