Home » Three major U.S. stock indexes fell slightly, most of technology stocks fell

Three major U.S. stock indexes fell slightly, most of technology stocks fell

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On Thursday, Eastern Time, the three major US stock indexes fell slightly. As of press time, the Dow fell 0.05%, the Nasdaq fell 0.25%, and the S&P 500 fell 0.24%. On the disk, most technology stocks fell.TeslaFell 0.63%,AlibabaFell 1.62%.

On the news, the actual US in the second quarterGDPThe revised annualized quarterly rate recorded 6.6%, which is estimated to be 6.7%, a new high since the third quarter of last year. The number of people applying for unemployment benefits for the first time in the United States last week was 353,000, which was estimated at 350,000, compared with 348,000.

The following is a summary of important information in the global market:

  Global macro

  After the start of a global regulatory wave, British regulators admitted that they could not effectively supervise Binance

Encryption is turned on firstcurrencyAfter the regulatory trend of the currency security ball, the British Financial Market Conduct Authority (FCA) stated that it was unable to effectively supervise the British subsidiary of Binance (Binance UK) due to its limited capacity.

“Based on Binance’s business scope so far, we believe that the company cannot be effectively supervised.” FCA admitted and pointed out on August 25 local time that Binance is a company that provides complex and high-risk financial services that pose significant risks to consumers. The global group members of the product are particularly worthy of attention.

As the world‘s largest cryptocurrency exchange, in June 2021, Binance’s 24-hour spot trading volume is expected to be between US$11 billion and US$38 billion, supporting 316 crypto asset transactions in 1,138 pairs of transactions.Binance Futures’ 24-hour derivatives trading volume is expected to be between US$43 billion and US$129 billion during the same period, with open positionsinterest rateLocated in the range of US$5.3 billion to US$6.7 billion.

Binance UK, formerly EddieUK, is an investment company authorized on April 13, 2018. In May 2020, Binance Capital Management Co., Ltd. acquired EddieUK, which submitted its control change notice to FCA on April 27, 2020, and subsequently obtained FCA’s approval on May 29, 2020. As a result, EddieUK became a part of Binance Group.

  Switzerland intends to tighten regulations on the acquisition of companies by foreign investors

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The Swiss government proposes a new mechanism for reviewing and approving the acquisition of companies by foreign or foreign government-backed investors in response to the pressure of parliament to review foreign investment. The Swiss cabinet has not yet determined which areas of acquisitions by foreign private investors need to be approved, and pointed out that the main threat may come from investors close to the government. Therefore, acquisitions by foreign governments or government-linked investors should be reported and approved.

  U.S. stocks in focus

  Can US stocks continue to be “bull”?Li Daxiao: Progressive Bull-Bear Conversion Cycle

During the annual meeting of the Jackson Hole Global Central Bank, the global risk market collectively rose. U.S. stocks frequently hit record highs this week, and the Asia-Pacific market rebounded significantly. Many people are especially looking forward to Friday.MidlandChairman Powell’s speech can inject new impetus into the market. In this regard, Yingda Securities Chief Economist Li Daxiao expressed a cautious attitude. The details are as follows:

One is to respond to the new crownMidlandThe central bank headed by the Reserve Bank has already used US$18 trillion to bail out the market, which indirectly caused a widespread bubble. It is clear that it is not discussing the overweight phase but the exit phase. The market also expects new momentum to exceed expectations, which is obviously unrealistic.

Second, the U.S. stock market has been bullish for 12 consecutive years since 2008. From the perspective of the time period, it should gradually enter the bull-bearish transition cycle.

Third, from the perspective of valuation, the S&P 500 index dividend rate is 1.33%, which is close to the 100-year low of 1.27%. The three major US stock indexes can only exchange net assets of US$0.169 for an average of US$1. The Buffett index has also exceeded 200%, which has greatly surpassed the valuation methods on the earth.

Li Daxiao said that no matter how tactful Mr. Powell said and how careful his words were, he would not change the above objective facts. If you only pin your hopes on some comforting language, the foundation of the bull market will be very fragile, and it will even cease to exist.

  U.S. retail investors’ weekly purchases of Chinese concept stocks hit the highest level in 5 years

China concept stocks, which have been decadent for nearly half a year, have recently rebounded sharply. Data shows that US retail investors’ weekly purchases of China concept stocks hit the highest level in five years.AlibabaHas the largest inflow.

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Research firm Vanda Research released a report on Wednesday, Eastern Time, stating that in the past week, US retail investors’ net purchases of American Depositary Receipts (ADRs) from Chinese companies exceeded US$400 million-the highest in 5 years and reached this Monday. “The Pinnacle”, where e-commerce giantsAlibabaHas the highest purchase volume.It is reported that the VandaTrack department of the research institution has monitored 9,000 U.S. stocks andETFRetail trading activities.

According to Vanda data, US retail investors’ purchases of Alibaba’s shares arePfizerMore than twice the company’s.althoughPfizerThe new crown vaccine received full approval from the U.S. Food and Drug Administration (FDA) on Monday.

  U.S. stock company

  Vulnerability in Microsoft software settings leaks information of tens of millions of U.S. companies and institutions

A cybersecurity company recently revealed that dozens of large US companies, state and federal agencies, and some organizations are usingMicrosoftThe company misconfigured a privacy setting for a piece of software, which inadvertently exposed the personal information of tens of millions of people on the public network.

  Philips Actively Recalls Color Ultrasound Diagnosis System

  PhilipsAccording to the report, due to software defects related to specific models and batches of products, the EPIQ and EPIQAFFINITI ultrasound systems may not respond (lock) when reviewing or adjusting the xPlane inspection results, preventing users from continuing their clinical use. The manufacturerPhilipsUltrasound Co., Ltd. voluntarily recalled the color ultrasound diagnostic system. The recall level is level two.

  The cumulative delivery volume of the drone delivery business of Google’s parent company will exceed the 100,000 mark

Wing, a drone company under Google’s parent company Alphabet, stated on its official blog on Wednesday that the company will deliver its 100,000th package in the near future. Wing’s marketing and communications director Jonathan Bass said that this system will one day become a more efficient way to deliver goods to people’s homes. Wing is on the way to automate flight. The computer can simulate the most efficient route, and one person can monitor multiple drones. The company said that it may take several years to convert Wing into a daily service, but the test results are encouraging. Bass said that even though many national government regulatory agencies have introduced new technical requirements for drones, Wing is still expanding rapidly.

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  Starbucks official announces China’s new team: executives are more localized

August 26, 2021StarbucksThe coffee company announced a series of personnel appointments, which will continue to implement and deepen long-term development commitments in China, lay out the future, and startStarbucksA new chapter in China.

Among them, the concern is that Belinda Wong will continue to serve asStarbucksChairman of China, focusing on leading Starbucks’ comprehensive long-term development strategy in this key market, promoting partnerships, and exploring new and transformative business opportunities in the future.She will manage Starbucks China Siren Ventures venture capitalfund, Actively explore cutting-edge technology fields, build a viable ecosystem, and further promote Starbucks’ business innovation in the digital field. In addition, Wang Jingying will further enhance the social influence of Starbucks through the Beijing Starbucks Charity Foundation, focusing on helping the needy and revitalizing the community.

Tsoi Tsoi will be promoted to Starbucks Global Executive Vice President and Chief Executive Officer of Starbucks China, and Molly Liu will be promoted to Senior Vice President and Chief Operating Officer of Starbucks China.These appointments will take effect on October 1, 2021. This move also fully demonstrates the company’s long-term adherence to local development.ExecutivesThe confidence and determination of talents.

  Amazon intends to set foot in physical department store stores and will provide private-label products

After successively building unmanned convenience stores, offline bookstores, grocery stores, pop-up stores, and four-star specialty stores, recently, the US e-commerce giantAmazon(AMZN.US) has set its sights on a new target: department stores.

Media reports, this isAmazonThe latest attempt in the field of physical retail is expected to open a series of physical department stores soon. The first stores will be located in California and Ohio, with an area of ​​30,000 square feet (approximately 2,800 square meters). According to reports,AmazonTo set foot in department stores is to expand its influence in the fields of clothing, household goods and electronic products. People familiar with the matter said that Amazon had already started contacting American apparel brands about department stores about two years ago and was preparing to provide private-label products in stores.

(Article Source:Oriental wealthResearch center)

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