Cui Dongshu: 54.6% share! Chinese independent brands deepen their presence in the Russian auto market; wolf-pack tactics accelerate a localized breakthrough.

In September 2026, Russian car sales reached 134,000 units, down 1% year on year. From January to September, Russian car sales reached a relatively high level of 1.06 million units, up 5% year on year.

1 h ago

Earnings blowout, but why did SanDisk (SNDK.US) plunge overnight?

The problem lies with its Japanese wafer fab partner Kioxia: the latter's profit guidance fell short of expectations and it warned that the AI-driven NAND flash price rally is cooling. Spot prices have stopped rising, global capacity expansion is accelerating, and bears believe the memory cycle has already reached an inflection point. As Big Tech's AI spending collides with slowing growth in core businesses, the hyperscalers that were supposed to absorb this new capacity may also begin to drive a harder bargain.

1 h ago

The most urgent bottleneck for AI today: cheap funding is drying up!

Confidence supports financing, and financing supports investment; once confidence weakens, the contraction of capital will in turn hit investment and growth expectations.

2 h ago

2008 Again! One Article to Understand Wall Street's Hottest Trade: AI CDS

As the AI giants frantically burn cash to expand, alarm bells have already sounded in the credit market. CDS spreads for chipmakers such as Broadcom and Nvidia have surged more than 170% within half a year. Although 10 core AI companies, including Google and Amazon, account for only 8% of investment-grade index constituents, they carry 16% of implied credit risk. Chip manufacturers are morphing from technology companies into "concentrated lenders," with CDS trading volume surging more than 1,900% year on year.

3 h ago

AI dip-buying trade fails this time? Tech stock earnings blowups met with harsh punishment as US stock volatility jumps.

Tech stock earnings blowups met with one of the harshest punishments in history: VIX hits a new high since April, Nasdaq plunges, and diversified strategies record their best month since 2020.

3 h ago

Record numbers of early voters in US midterm elections; Democrats lead by 12 percentage points.

Record numbers of early voters in midterm elections, with Democrats building a larger share of the vote.

6 h ago

NBS Interpretation: Purchasing Managers' Index Declined in October

The PMIs for high-tech manufacturing and equipment manufacturing were 51.3% and 50.6%, respectively, continuing to stay above the critical threshold. Production and operations of enterprises in related industries remained in expansion, and new quality productive forces continued their sound development momentum. The PMIs for the consumer goods industry and high energy-consuming industries were 48.8% and 47.3%, respectively, down 1.9 and 0.7 percentage points from the previous month, indicating a weakening in market activity.

8 h ago

National Bureau of Statistics: In October, the composite PMI output index was 49.7%, down 1.0 percentage point from the previous month.

In October, the manufacturing Purchasing Managers' Index (PMI) was 49.3%, down 0.8 percentage point from the previous month. The non-manufacturing business activity index was 49.7%, down 0.5 percentage point from the previous month.

8 h ago

Amazon.com, Inc. (AMZN.US) Continues to Fund AI Spending: Establishes Hardware-Backed Financing Arrangement of Up to US$80 Billion, Total Spending Commitments Rise to US$883 Billion

Amazon taps US$80 billion supplier lending facility to power AI development.

8 h ago

France's fiscal outlook deteriorates as Fitch revises rating outlook to negative.

Fitch Ratings revised France's credit rating outlook to negative due to deteriorating public finances, including slowing growth, rising borrowing costs, and a widening deficit.

9 h ago

HK Bull/Bear Outstanding Qty Ratio(43:57) | October 31

As of October 31, the latest Hang Seng Index bull/bear street stock ratio is 43:57.

10 h ago

Overnight US stocks | "Black Friday" sweeps across risk assets, Nasdaq posts worst single-day performance since June; Apple Inc. (AAPL.US) market cap overtakes NVIDIA Corporation (NVDA.US) to reclaim the global top spot.

At the close, the Dow Jones Industrial Average fell 572.25 points, or 1.09%, to 51,770.31; the S&P 500 dropped 140.30 points, or 1.82%, to 7,580.09; and the Nasdaq Composite declined 747.73 points, or 2.86%, to 25,437.00.

11 h ago

Intel Corporation (INTC.US) Plunges 29%, Largest Single-Day Drop Since the 1970s, as Guidance Falls Far Short of Expectations

Intel's stock plunged 29% on Friday, marking its largest single-day drop since the 1970s.

11 h ago

AI spending spree sparks credit risk concerns! S&P cuts Meta (META.US) rating outlook to "negative," questioning its ability to monetize massive investments.

S&P Global Ratings downgraded Meta's credit rating outlook from "stable" to "negative," citing the company's continued expansion of artificial intelligence (AI) capital expenditures, which has turned free cash flow negative, while uncertainty remains over whether the massive AI investments can generate sufficient returns in the coming years.

11 h ago

Relatively restrained capital expenditure wins market favor as Apple Inc. (AAPL.US) overtakes NVIDIA Corporation (NVDA.US) to reclaim the world's largest market capitalization.

As concerns on Wall Street continue to mount over the returns on Big Tech's massive artificial intelligence investments, Apple overtook Nvidia on Friday to reclaim its position as the world's most valuable listed company.

11 h ago

Reportedly, Alphabet Inc. Class C (GOOGL.US) is in talks with the U.S. Department of Defense on cooperation, planning to provide data security support for the US$185 billion "Golden Dome" missile defense program.

Google, under Alphabet, is in talks with the U.S. Department of Defense to participate in a new data security program, providing technical support for the Trump administration's "Golden Dome" missile defense program, which has a total investment of US$185 billion.

12 h ago

US Stock Market Move | Bambusa Therapeutics (BBTX.US) debuts on the U.S. stock market, shares fall over 8%.

As of press time, the stock fell over 8% to $14.685.

18 h ago

US Stock Market Move | Clinical-stage biotechnology company Aspen Neuroscience (ASPE.US) debuts on the U.S. stock market, with shares falling more than 17% after the opening.

As of press time, the stock fell more than 17% to $12.345.

18 h ago

The tech stock sell-off does not mean the end of the bull market. Wall Street strategists: fundamentals remain strong, and a pullback may be a buying opportunity.

Raymond James strategists believe the recent tech stock sell-off stems mainly from overly high market expectations and short-term cash flow pressure from AI investment, rather than deteriorating fundamentals, and that the pullback may offer investors an opportunity to position on dips.

18 h ago

US Stock Market Move | Crypto-related stocks weaken; Strategy (MSTR.US) falls over 6%.

On Friday, cryptocurrency-related stocks weakened. As of press time, Strategy (MSTR.US) fell over 6%, Coinbase (COIN.US) plunged over 12%, and Circle (CRCL.US) dropped 8%.

19 h ago

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