Jerry Lin
The Latest
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Minority Shareholder in Africa Seizes Copper Mine Controlled by Chinese Firm; Company Left Powerless
The Shanghai Securities Regulatory Bureau previously warned Pengxin Resources (SH600490, share price 3.86 yuan, market value 8.542 billion yuan) for failing to disclose on time the major issue of its controlled subsidiary, SMCO Mining Co. Ltd., having its copper mine seized and gradually transferred by a minority shareholder. 
The Shanghai Securities Regulatory Bureau previously warned Pengxin Resources (SH600490, share price 3.86 yuan, market value 8.542 billion yuan) for failing to disclose on time the major issue of its controlled subsidiary, SMCO Mining Co. Ltd., having its copper mine seized and gradually transferred by a minority shareholder. -
Tough Start to Earnings Season: Netflix Shares Plunge 9%, Tesla Drops Over 4%
Early in the Asia-Pacific session on Thursday, July 20, the Nasdaq 100 index futures fell about 0.7%, while the S&P 500 index futures dipped 0.3%. 
Early in the Asia-Pacific session on Thursday, July 20, the Nasdaq 100 index futures fell about 0.7%, while the S&P 500 index futures dipped 0.3%. -
Tesla's Q2 Earnings Soar Amid Price Cuts, But Margins Squeeze as Competition Intensifies
Tesla, the leading electric vehicle manufacturer, has reported a significant increase in its Q2 revenue, surpassing Wall Street expectations. However, the company's gross margin experienced a dip compared to the previous quarter due to the company's efforts to boost sales through price cuts. 
Tesla, the leading electric vehicle manufacturer, has reported a significant increase in its Q2 revenue, surpassing Wall Street expectations. However, the company's gross margin experienced a dip compared to the previous quarter due to the company's efforts to boost sales through price cuts. -
Apple Ventures into AI - AppleGPT: A Stealthy Challenger to OpenAI Sees Market Value Surge by $60 Billion
In addition to well-known names in AI such as Microsoft, Google, and Meta that have been grabbing headlines lately, OpenAI now faces a quietly advancing competitor: Apple. 
In addition to well-known names in AI such as Microsoft, Google, and Meta that have been grabbing headlines lately, OpenAI now faces a quietly advancing competitor: Apple. -
Analysts Forecast Tesla's Self-driving Taxis Could Transform the Auto Industry with a Value of $870 Billion
On July 19, The Financial Times reported that RBC Capital Markets, a Canadian investment bank, has set a target price for Tesla's stock between $305 and $360. RBC predicts that Tesla's market capitalization could exceed $1 trillion, and the optimistic value of its autonomous taxi service, robotaxi, could potentially reach $870 billion. 
On July 19, The Financial Times reported that RBC Capital Markets, a Canadian investment bank, has set a target price for Tesla's stock between $305 and $360. RBC predicts that Tesla's market capitalization could exceed $1 trillion, and the optimistic value of its autonomous taxi service, robotaxi, could potentially reach $870 billion. -
UBS: Central Banks' Gold Rush Nearing an End, Signals Return to Traditional Factors
During the period of aggressive interest rate hikes by the Federal Reserve, gold has exhibited intriguing resilience. Despite the continuous rise in interest rates, gold prices have not fallen, but rather increased. This contravenes its traditional valuation model of an inverse relationship with the 10-year U.S. real interest rate and the dollar. 
During the period of aggressive interest rate hikes by the Federal Reserve, gold has exhibited intriguing resilience. Despite the continuous rise in interest rates, gold prices have not fallen, but rather increased. This contravenes its traditional valuation model of an inverse relationship with the 10-year U.S. real interest rate and the dollar. -
AI Daily: Microsoft Teams up with Meta in Bold AI Move, Shakes Up OpenAI Landscape and Skyrockets Copilot Pricing
1. Microsoft Partners with Meta to Launch Open-source Model LLAMA2, Copilot Pricing Soars; 2. Google's Bard Set to Introduce Multiple Plug-ins; 3. Website Generator Tool - Wix; 4. The First Commercial AI Large Model in the Energy Industry - Pangu Mine Large Model; 5. Cloudwalk Technology Announces the Launch of Pedestrian Basic Large Model. ; 
1. Microsoft Partners with Meta to Launch Open-source Model LLAMA2, Copilot Pricing Soars; 2. Google's Bard Set to Introduce Multiple Plug-ins; 3. Website Generator Tool - Wix; 4. The First Commercial AI Large Model in the Energy Industry - Pangu Mine Large Model; 5. Cloudwalk Technology Announces the Launch of Pedestrian Basic Large Model. ; -
Caught Off Guard: Microsoft 'Cheats' on OpenAI with Meta's Llama
Microsoft has stirred up the AI landscape, leaving OpenAI feeling left behind. 
Microsoft has stirred up the AI landscape, leaving OpenAI feeling left behind. -
Nvidia's Pivot to Cloud: Edges Closer to Acquiring Lambda Labs
Nvidia is in the process of transitioning from a chip design company to a cloud services provider. 
Nvidia is in the process of transitioning from a chip design company to a cloud services provider. -
Yellen Cautions Against Overoptimism Despite Signs of Lowering Inflation
On Tuesday, US Treasury Secretary Janet Yellen suggested in an interview that a slowing labor market is playing a key role in mitigating inflation, one of many factors contributing to a downward trend. 
On Tuesday, US Treasury Secretary Janet Yellen suggested in an interview that a slowing labor market is playing a key role in mitigating inflation, one of many factors contributing to a downward trend.
