The financial world reported on January 26 that investors paid attention to corporate earnings reports and the Federal Reserve’s monetary policy decision. At the same time, the continued escalation of tensions between Russia and Ukraine put pressure on the market. U.S. stocks fluctuated broadly and collectively closed down. The Dow almost erased its 800-point loss, and the Nasdaq fell. More than 300 points; wind power, photovoltaic solar energy, hydrogen energy and other clean energy sectors generally fell, oil and gas stocks, bank stocks rose; Secoo rose 8.75%, Halliburton rose 7%, IBM rose 5.65%, Peloton fell 10.7%, Didi Didi fell 9.87%, Weidai.com fell 11%, and Netflix fell by more than 30% for four consecutive days.
As of the close, the Dow Jones index fell 66.83 points, or 0.19%, to 34297.67 points; the S&P 500 fell 51.33 points, or 1.16%, to 4358.80 points; the Nasdaq Composite fell 315.8 points, or 2.28%, to 13539.3 points. The CBOE Volatility Index, which measures the level of market panic, jumped 11 percent to 33.2 points; it rose for the sixth straight session and hit a new high in nearly a year.
Gold for February delivery gained $10.80 to settle at $1,852.50 an ounce, up 0.6% after gaining 0.5% on Monday. It was the highest settlement for the most active contract since Nov. 18, according to FactSet. While the S&P 500 faces its worst year-to-date performance so far, gold has been on the rise, up 1.1% for the week and 1.3% so far in 2022. West Texas Intermediate crude for March delivery settled at $85.60 a barrel on the New York Mercantile Exchange, up $2.29, or nearly 2.8%, after falling about 2.2% on Monday. Brent crude, the global benchmark, rose $1.93, or 2.2%, to $88.2 a barrel on ICE Futures Europe.
Chinese concept stocks closed mixed on Tuesday, with Secoo up 8.75%, Tuanche up 7.43%, Fangtianxia up 6.87%, Xiaoying Technology up 5.30%, Best up 5.00%, 51Talk, Momo, NetEase, Leju, Yunji rose more than 3%, Zhongtong, Tuniu, 1 Yaowang rose more than 2%, Qudian, YY Group, Weibo, Baidu, Youxin, Daily Youxian rose more than 1%, Vipshop, Lexin, JD.com, Sohu, Baozun E-commerce, 500000, EHang, and Mogujie rose nearly 1%.
Pintec fell 14.89%, Wedai.com fell 11.00%, Jianpu Technology fell 10.72%, Didi Chuxing fell 9.87%, Kingsoft Cloud fell 7.52%, Ideal Auto, Dingdong Maicai fell more than 6%, and IWC fell 5.14% %, TAL fell 4.72%, iQiyi fell 3.53%, Renren, New Oriental, Autohome, Phoenix New Media, Yiren Jinke, Qingke, Canaan Technology, Tencent Music, New Oxygen, Liulishuo, Beep Libili, Shell, Litchi fell nearly 3%, Mavericks, Pinduoduo, Yunmi Technology, Yixian E-commerce, Qutoutiao, 360 Digital, TouchPal, NetEase Youdao, Dada, Xinye Technology, Ctrip, Century Internet, Huya, Alibaba fell more than 1%, Xunlei, Cheetah Mobile, Tiger Securities, Douyu fell nearly 1%. New energy vehicle stocks fell broadly, with Ideal Auto down 6.75%, Xiaopeng Motors down 4.95% and NIO down 4.34%.
As the new crown epidemic enters its third year, the International Monetary Fund (IMF) lowered its forecast for world economic growth this year, citing weaker growth prospects in economies such as the United States and persistently high inflation.
The IMF said in its World Economic Outlook report on Tuesday that the global economy is expected to grow by 4.4% this year, down from the 4.9% forecast in October, and 3.8% in 2023, higher than the previous forecast. The cumulative growth rate for the two years would still be 0.3 percentage points lower than previously forecast. The IMF estimates the world economy grew by 5.9% last year, the fastest pace in four decades. The global economy shrank by 3.1% in 2020, the largest peacetime drop since the Great Depression.
While the IMF believes the omicron outbreak will weigh on growth in the first quarter, the negative impact is expected to subside starting in the second quarter, assuming a slowdown in global infection growth and no sudden change in the virus that requires travel restrictions. Supply chain disruptions are triggering wider-than-expected inflation, the IMF said, with advanced economies expected to average an annual rate of 3.9 percent this year, up from an earlier estimate of 2.3 percent, and emerging and developing countries at 5.9 percent.
The U.S. government predicts a global chip shortage will continue until the end of the year and admits that it is too early to get out of the woods
The Biden administration has concluded that a global semiconductor shortage will continue through at least the second half of the year, putting long-term pressure on numerous U.S. companies, including automakers and the consumer electronics industry.
U.S. officials plan to investigate allegations of price gouging in chips used by auto and medical device makers, Commerce Secretary Gina Raimondo said on Tuesday. Discussing the Commerce Department’s industry findings with reporters, she said, “We’re quite some distance away from getting out of the woods because it’s related to semiconductor supply issues”.
The report, which is based on more than 150 companies from the chip supply chain, shows that “there is a serious and persistent mismatch between chip supply and demand, and the companies surveyed believe these problems will not disappear in the next six months.” Despite months of efforts by the Biden administration to ease supply shortages, the semiconductor supply chain remains fragile, the report said. “Demand continues to far outstrip supply.” The median inventory fell from 40 days to less than five days, Raimondo said. “To me, this data shows how fragile the supply chain is: the inventory is only good for five days, and there is no room for error.”
Warren Buffett’s shareholders meeting to return offline on April 30
Warren Buffett’s Berkshire Hathaway said Tuesday that its annual shareholder meeting will be held offline on April 30. Due to the restrictions of the new crown epidemic, the “capitalist’s Woodstock Music Festival” has canceled offline events for two consecutive years.
The Buffett shareholder meeting, which has drawn tens of thousands of viewers over the years, will be broadcast live online for the seventh consecutive year. The event offers investors a rare opportunity to hear from legendary investor Buffett, who typically participates in hours of marathon question-and-answer sessions. Last year, the conference was held in Los Angeles, where Berkshire Vice Chairman Charlie Munger lives, without attendees, the first time the event was held outside of Omaha, Nebraska.
In 2020, the worst of the pandemic, Buffett, 91, presided over a shareholder meeting on an empty stage in Omaha, Nebraska, without Munger. Berkshire Hathaway’s two vice chairmen, Ajit Jain and Greg Abel, are expected to be on hand to answer questions this year. Abel, vice chairman of non-insurance businesses, has been a serious contender for Buffett’s eventual successor. Berkshire said its fourth-quarter earnings report and 2021 annual report will be released on February 26.
The stock market plummets, US stocks lose heavy losses to challenge Wall Street, it is a dream after all
Influencers, cryptocurrencies and the broader stock market have all fallen at an alarming rate this year, and few strategists think the pain will end there. In fact, many people have already lost money. Over the past two months, AMC and GameStop Corp. plunged more than 50%. A basket of 37 Internet celebrity stocks tracked by the media fell for seven consecutive days, wiping 15% of their market value. For companies that went public by merging with special purpose acquisition companies (SPACs), a measure has fallen 65% from a February high.
And the shift isn’t just limited to profit and loss. WallstreetBets, which had a lot of attention on social media a year ago, hardly cares now. Previously this Reddit forum fueled the madness of GameStop, AMC and “stonks” stocks. Robinhood Markets Inc., which has brought many people into the market with a free trading application and used it to achieve its own initial public offering. has become a potent symbol of this reversal, and its shares have fallen 85% from their August highs. For now, small retail investors dreaming of beating big institutions have learned a hard lesson about who dominates the market. Market participation by retail investors has fallen to around 18% from an all-time high of 24% set in the first quarter of 2021 during the pandemic, according to Bloomberg Industry Research.
“Most retail investors don’t know how to trade this market,” said Larry Tabb, director of market structure research at Bloomberg Industry Research. “They buy, and the price goes up, they sell, and they buy again. But when the market goes down, they’re not sure how to go short, they don’t understand options, and when they buy and they lose money, they tend to think the price There will be a rebound, so they will continue to hold rather than sell.”
Pfizer and BioNTech begin trials of vaccines specifically targeting omicron variants
Pfizer said it will begin trials of a COVID-19 vaccine specifically targeting the omicron variant, exploring its use in previously vaccinated young and middle-aged adults, as well as in people who have not been vaccinated.
New York-based Pfizer and its German partner BioNTech SE said in a statement on Tuesday that the trial, which will involve 1,420 people, has already accepted its first subjects; Triggers an immune response in adults. The safety and potential side effects of the vaccine will also be studied.
The trials will analyze the new vaccine formulation, which will be given in two doses plus boosters, the companies said. Kathrin Jansen, head of vaccine research and development at Pfizer, said the company is preparing to prevent the current Covid-19 vaccine from becoming less effective against severe illness and hospitalization.
Nvidia reportedly preparing to abandon Arm acquisition, SoftBank gears up to take Arm public
Nvidia Corp is quietly preparing to abandon its acquisition of Arm Ltd from SoftBank Group, according to people familiar with the matter. , as the $40 billion chip deal has made little progress toward approval. Nvidia has told partners it does not expect the deal to go through, said a person familiar with the matter, who asked not to be named because the content is not public. Meanwhile, SoftBank is gearing up for an initial public offering (IPO) of Arm as an alternative to a takeover, another person familiar with the matter said.
The acquisition, which was expected to be the largest semiconductor deal in history when it was announced in September 2020, has sparked a backlash from regulators and the chip industry, including from Arm’s own customers. The FTC filed a lawsuit in December to block the deal, arguing that Nvidia would become too powerful if it gained control of Arm’s chip designs.
The leadership at Nvidia and Arm are still trying to convince regulators and have not made a final decision, the people said. In addition, the company is also maintaining its commitment to the acquisition.
iQIYI appoints Jun Wang as company CFO
On the evening of January 25, 2022, iQIYI announced the appointment of Mr. Wang Jun as the company’s chief financial officer. Mr. Wang Xiaodong no longer serves as the CFO of iQIYI due to personal reasons, and will continue to serve as a consultant until April 30, 2022.
“I am very grateful for Xiaodong’s work in the past ten years. Xiaodong has established a sound financial organization and a reliable financial reporting system for us with professional knowledge and excellent leadership, which has laid the foundation for the development of iQIYI. On behalf of The company and management team thank Xiaodong for his contribution.” Dr. Gong Yu, Director and CEO of iQIYI, said, “We also welcome Jun Wang to our management team, who has supported the company’s IPO and many post-IPO financings. I am familiar with the company’s business and financial situation. I look forward to working with Wang Jun in my new capacity and continuing to help the company grow.”
Manbang’s GTV in the fourth quarter reached 69.5 billion yuan, a year-on-year increase of 22.1%
Manbang announced that in the fourth quarter, fulfillment orders on the platform reached 34.8 million, with a gross transaction value (GTV) of RMB 69.5 billion, up 41.6% and 22.1% year-on-year, respectively.
NetEase teamed up with Zhejiang University of Media and Communication to strengthen cooperation in frontier fields such as Metaverse
It was learned from NetEase that NetEase and Zhejiang Media College signed a strategic cooperation framework agreement to jointly establish the NetEase Industry College of Zhejiang Media College. Starting from the needs of national cultural and technological development, the two sides will strengthen cooperation in the frontier fields of digital economy such as digital culture, artificial intelligence, and the metaverse, and jointly break through the no-man’s land and overcome the technical problems that are stuck in the development of the industry.
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