The three major US stock indices ended mixed, with the Dow down 0.58%, the Nasdaq up 0.27%, and the S&P 500 down 0.17%. Most popular technology stocks rose, with ARM up nearly 5% and NVIDIA up over 3%. It is reported that NVIDIA has started designing personal computer central processing units (CPUs) and using ARM's technology, with Amazon and Meta up over 1%. Lithium batteries, oil and gas, precious metals and mining sectors led the decline, with Chevron and Western Petroleum falling more than 3%, while ConocoPhillips and Chile Mining and Chemical fell more than 2%. The tourism services, blockchain, and social media sectors led the way in growth, with Abiying and Carnival cruises rising by over 3%, and Pinterest and Norwegian cruises rising by over 2%.
Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index up 0.93%, Xiaopeng Automobile up over 3%, Tencent Music up over 2%, Ideal Automobile, JD, Pinduoduo, Bilibili up over 1%, and Baidu, Alibaba, NetEase, and NIO slightly rising; Manbang and iQiyi fell by over 1%, while Vipshop, Futu Holdings, and Weibo slightly declined.
Global News

Set a new high in 2016! How much impact does the soaring US debt have on global stock markets and real estate?
Recently, the 10-year US Treasury bond yield, known as the "anchor of global asset pricing," broke the important 5% mark for the first time in the day, reaching its highest level since 2007. The soaring US bond yields have affected global financial markets, putting pressure on various risky assets such as global stock markets and real estate. Due to the rise in US bond interest rates, the S&P 500 index has fallen by 8% since August; In September, sales of existing homes in the United States fell to a 13 year low. The significant increase in supply side volume is considered an important reason for the surge in US bond interest rates this round. In the past month, the US federal government has added $590 billion in debt. The liquidity crisis in the bond market is intensifying due to the Federal Reserve's shrinking balance sheet.
Will the inflation "demon" revive? Figure 1: The current inflation cycle in the United States is strikingly similar to that of 1966-1982
The inflation data in the United States has been full of ups and downs over the past three years, but one thing seems to be traceable in history - that is, compared to the changes in data from 1966 to 1982, the overall trend of the inflation rate in the United States is almost identical. Alejandra Grindal, Chief Economist of Ned Davis Research Inc., headquartered in Florida, and London Stockton, a research analyst, said that the year-on-year change chart of CPI shows that overall inflation in the United States is "very similar" to the inflation trajectory of more than 40 years ago.
Danger signal! Is the US Monetary Fund's Big Escape from Technology Stocks the Last Hope?
With many bearish factors such as US bond yields and geopolitical situation showing no signs of easing, US stocks recorded their largest decline in nearly a month last week. The Cboe Volatility Index (VIX) has stabilized at 20 levels, approaching its intra-year high set in March. The risk aversion sentiment further strengthened, with monetary funds experiencing a net outflow of nearly $100 billion. In the coming week, uncertainty remains a disruptive factor in risk appetite, and technology stocks may become a key factor in whether the market can stabilize.
Fearless of the Israeli-Palestinian conflict? Xiao Mo: High oil prices won't last long, and demand destruction is even more severe!
Recently, as the Palestinian-Israeli conflict intensifies, investors are generally concerned that this war may further push up crude oil prices, but JPMorgan seems to disagree. In its latest report, the bank pointed out that investors should pay attention to the extent of the decline in global oil demand. Small Mo strategists point out that while there is reason to worry that the war between Israel and Hamas may escalate into a broader Middle East conflict, it is unlikely to drive a long-term surge in oil prices. They predict that even if the fighting spreads beyond Israel and Palestinian territories, it is unlikely to lead to a long-term surge in oil prices. There are tangible signs that high oil prices, exacerbated by soaring borrowing costs and depreciation of emerging market currencies, are beginning to erode fuel consumption
The European Union is considering extending the natural gas price ceiling to avoid an energy crisis making a comeback this winter
According to media reports on Sunday, the European Union is considering extending the emergency natural gas price ceiling launched in February this year, due to concerns that the Middle East conflict and the damage to the Baltic gas pipeline may push up natural gas prices again this winter. The report quotes the European Commission as saying that since the implementation of the measure, there have been "no signs of any negative impact", and natural gas prices have now decreased by nearly 90% compared to last year. In February of this year, EU member states only introduced this upper limit after weeks of intense discussions. Germany and Austria initially opposed the introduction of this cap, believing that it would distort the market and exacerbate supply tensions. But the report of the European Commission points out that this upper limit has not affected the EU's natural gas imports.
Strike down tax evasion! EU institutions call for a 2% tax on global billionaires: generating $250 billion in annual income
The EU tax Observatory, an independent tax research institution, stated on Monday that tax evasion enables global billionaires to enjoy an effective tax rate equivalent to 0% to 0.5% of their wealth. Governments should open up a new front in international action to combat tax evasion and impose a global minimum tax rate equivalent to 2% of their wealth on billionaires. Doing so can raise approximately $250 billion annually. The research institution stated in the 2024 Global Tax Evasion Report that this amount of money is only 2% of the nearly $13 trillion in wealth owned by 2700 billionaires worldwide.
Company Message
The price of the entire series of iPhone15 has been reduced by nearly a thousand yuan after receiving channel subsidies
The reporter observed that the prices of the entire iPhone 15 series on e-commerce platforms have fallen. Taking the iPhone 15 Plus as an example, in the official flagship store of China Mobile, combined with subsidies and coupons, the price has been directly reduced by 600 yuan; The iPhone 15 Pro Max is officially priced at 9999 yuan by Apple, and after receiving a 10 billion yuan subsidy on Taobao platform, it is priced at 9098 yuan. Price reductions and subsidies are mostly concentrated on fixed specification models, such as the Plus version and the blue titanium metal Pro and Pro Max versions, while some colors and storage specifications are still out of stock.
On four days off three days off? Nike Greater China clarifies misconceptions: option to work from home on Friday
Recently, with an internal letter from Nike Greater China, Nike will implement a "new hybrid work mode", which has sparked heated discussions among netizens. Some netizens interpreted this as "Nike Greater China announced the implementation of a four day working day system". According to a report by Pengpai News on October 23rd, on October 23rd, in response to the news that "Nike Greater China will implement a four-day work week", the relevant person in charge of Nike Greater China responded to reporters, "We have always implemented a 5-day work week for office employees. The new mixed work mode refers to office employees working from Monday to Thursday and choosing to work from home on Fridays
Big American Banks Announce Performance! Wall Street Warns of Future Profitability Risks
Recently, the third quarter financial reporting season for US listed companies has begun, and some large banks have also been the first to disclose their performance. As of now, the performance of JPMorgan Chase, Morgan Stanley, Wells Fargo, Citigroup, Bank of America, and Goldman Sachs, the six major banks on Wall Street, have all been announced, and their overall performance has been better than expected, bringing a "good start" to this financial reporting season. However, due to factors such as macroeconomic conditions, monetary policy, potential further increases in inflation and interest rates, and geopolitical risks, several large banks and financial institutions on Wall Street have recently issued warnings regarding the deteriorating profitability prospects of their companies. Bloomberg also commented that crisis times may be approaching, and many banks may need to prepare for even more difficult times.
Will iOS18 include generative AI? Analysts believe that Apple will implement it as early as the end of 2024
According to Jeff Pu, an analyst at Haitong International Securities who studies Apple's supply chain, Apple plans to integrate generative artificial intelligence technology into iPhones and iPads as early as the end of 2024. In a research report this week, Pu stated that its investigation into the supply chain suggests that Apple may build hundreds of artificial intelligence servers by 2023, and much more next year. He believes that Apple will provide a combination of cloud based artificial intelligence and so-called 'edge artificial intelligence', which involves more data processing on devices. At the same time, he added that Apple's launch of generative artificial intelligence still requires time and patience, as the company is considering how to use and process personal data in a way that aligns with its commitment to customer privacy.
Now again, super mergers and acquisitions! Chevron plans to acquire local established oil and gas companies for 387.8 billion yuan
Another super major merger and acquisition has emerged in the oil and gas industry. On October 23rd, American oil giant Chevron (CVX. NASDAQ) announced the acquisition of all outstanding shares of the US domestic oil and gas company Hess Corporation (HES. NASDAQ) for $53 billion (approximately RMB 387.8 billion). This is the second major merger and acquisition transaction in the US oil and gas industry since the ExxonMobil acquisition.