Jerry Lin
The Latest
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Fed Unveils FedNow: A Game-Changer for Instant Payments
In a significant move towards modernizing the financial system, the U.S. Federal Reserve has officially launched its much-anticipated instant payment service, FedNow. This new service will allow consumers and businesses to send and receive money in seconds, bringing the world's largest economy in line with other countries that have already adopted instant payment systems. 
In a significant move towards modernizing the financial system, the U.S. Federal Reserve has officially launched its much-anticipated instant payment service, FedNow. This new service will allow consumers and businesses to send and receive money in seconds, bringing the world's largest economy in line with other countries that have already adopted instant payment systems. -
Blackstone Group Hits Trillion-Dollar Asset Milestone Amid Lowest Distributable Earnings in Two Years
Before the start of U.S. stock trading on July 20, Blackstone Group, the world's largest asset management group, announced its Q2 performance. 
Before the start of U.S. stock trading on July 20, Blackstone Group, the world's largest asset management group, announced its Q2 performance. -
Tesla Battles Profit Dip and Margin Squeeze: How Long Will the Impact of Price Reductions Last?
Tesla, the global frontrunner in new energy vehicles, released its Q2 financials on July 20. Among key indicators, the company's operational revenue hit a record $24.927 billion, a 47% increase YoY, exceeding the market's overall forecast of $24.3 billion. 
Tesla, the global frontrunner in new energy vehicles, released its Q2 financials on July 20. Among key indicators, the company's operational revenue hit a record $24.927 billion, a 47% increase YoY, exceeding the market's overall forecast of $24.3 billion. -
CVC Capital Raises $29.2 Billion for Largest-Ever Buyout Fund
The Luxembourg-based private equity firm, CVC Capital, announced on Thursday that it has raised 26 billion euros (about $29.2), marking the largest buyout fund in history. This landmark development points to a warming trend in global investment activity, just as the Federal Reserve's rate hike phase nears its end. 
The Luxembourg-based private equity firm, CVC Capital, announced on Thursday that it has raised 26 billion euros (about $29.2), marking the largest buyout fund in history. This landmark development points to a warming trend in global investment activity, just as the Federal Reserve's rate hike phase nears its end. -
AI Daily: Apple Develops 'Apple GPT' while OpenAI Announces Perks for VIP Users, and More
1. Salesforce Ups the Ante for AI Products after Microsoft; 2. Apple Covertly Developing AI Tool 'Apple GPT' - A Savior for Siri?; 3. Silicon Valley is All In for 'Automatic AI Entities' ; 4. Starting Next Week! OpenAI Presents Perks for VIP Users; 5. China's First Large Model that Understands Authors - Yuewen Miaobi. 
1. Salesforce Ups the Ante for AI Products after Microsoft; 2. Apple Covertly Developing AI Tool 'Apple GPT' - A Savior for Siri?; 3. Silicon Valley is All In for 'Automatic AI Entities' ; 4. Starting Next Week! OpenAI Presents Perks for VIP Users; 5. China's First Large Model that Understands Authors - Yuewen Miaobi. -
China's Central Bank Boosts Cross-Border Financing, Offshore Yuan Rises Over 500 Points
In a one-two punch aimed at stabilizing the renminbi, the People's Bank of China and the State Administration of Foreign Exchange have today raised the parameters for cross-border financing macroprudential regulation. This action has sparked a sharp rise in the value of the renminbi. 
In a one-two punch aimed at stabilizing the renminbi, the People's Bank of China and the State Administration of Foreign Exchange have today raised the parameters for cross-border financing macroprudential regulation. This action has sparked a sharp rise in the value of the renminbi. -
ASML's Profits Soar by 38% as Demand in China Remains Robust
Lithography giant ASML reported a substantial increase and beat expectations in both revenues and profits for the second quarter, consequently raising its annual sales forecast. 
Lithography giant ASML reported a substantial increase and beat expectations in both revenues and profits for the second quarter, consequently raising its annual sales forecast. -
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.
