[Pre-market performance] Flush (300033) U.S. stock news As of press time, the Dow futures, dominated by blue chip stocks, fell 0.39%, the S&P 500 index futures fell 0.36%, and the Nasdaq 100 index futures, dominated by technology stocks, fell 0.37 %. Popular Chinese concept stock

[Pre-market performance]

Flush (300033) U.S. stocks news As of press time, the Dow futures, which are dominated by blue chip stocks , fell 0.39%, S&P 500 index futures fell 0.36%, mainly technology stocks Nasdaq 100 index futures fell 0.37%.

Popular Chinese concept stocks were mixed before the market opened, with Ideal, Weilai , and Xiaopeng rising.

European stock markets were in shock. As of press time, Germany's DAX index fell by 0.07%, France's CAC40 index rose by 0.01%, and Britain's FTSE 100 index fell by 0.20%. In terms of commodity foreign exchange, as of press time, Brent crude oil rose 2.17% to US$111.40 per barrel.

[Financial News]

The EU is studying new sanctions against Russian gold

Sources: The EU is studying new sanctions against Russian gold.

American Airlines plans to raise pilot pay by nearly 17% by the end of 2024

According to reports, American Airlines Group will raise pilot pay by nearly 17% by the end of 2024 to cope with labor shortages. The proposal would raise American Airlines pilot pay to levels detailed in a preliminary agreement between United Airlines and its pilots, with the proposal including a bonus at sign-on, company CEO Robert Isom said Thursday, citing an internal video. The salary is 6%, and the salary will be increased by 5% in 2023 and the beginning of 2024.

[Company News]

Kohl’s Department Store fell more than 15% before the market opened.

Kohl’s Department Store fell more than 15% before the market opened. The company terminated negotiations to sell its business to Franchise Group.

TSMC fell nearly 4% before the market opened.

html Before the US stock market opened on July 1, TSMC fell more than 3%. According to reports, TSMC has rarely seen three major customers adjust their orders. Currently, mass production of Apple's iPhone 14 series has started, but the target of shipping the first batch of 90 million units has been reduced by 10%. In addition, Advanced Micro Devices (AMD) and Nvidia told TSMC that they had to adjust their order plans due to the sharp decline in PC market demand and the subsidence of the "mining" craze. In response to this report, relevant departments of TSMC responded that they do not comment on market speculation or rumors.

NIO: 12,961 vehicles were delivered in June, a year-on-year increase of 60.3%

NIO : 12,961 vehicles were delivered in June, a year-on-year increase of 60.3%. A total of 25,059 vehicles were delivered in the second quarter, a year-on-year increase of 14.4%.

Xpeng Motors: A total of 15,295 units were delivered in June, a year-on-year increase of 133%

A total of 34,422 units were delivered in the second quarter, winning the title of new power delivery champion for four consecutive quarters; a total of 68,983 units were delivered from January to June, 2.2 times the cumulative delivery in the same period last year.

Li Auto: 13,024 Li Auto ONE was delivered in June, a year-on-year increase of 68.9%

Li Auto : 13,024 Li Auto ONE was delivered in June, a year-on-year increase of 68.9%. A total of 28,687 Lideal ONEs were delivered in the second quarter, a year-on-year increase of 63.2%.

Volvo plans to invest 1.2 billion euros to build an electric car factory in Slovakia . Annual output is expected to reach 250,000

Volvo said on Friday that it plans to invest 1.2 billion euros in a new electric car factory in Slovakia. The plant will be Volvo's third in Europe, with an expected annual output of 250,000 vehicles and approximately 3,300 new jobs. The company has set goals for the next few years to sell 1.2 million vehicles annually by 2025 and convert its entire product line to electric vehicles by 2030.

Meta warns of serious recession risks, saying that operations in the second half of the year will be very difficult and plans to lay off 30% of its employees.

Facebook parent company Meta recently issued a warning that it expects operating conditions in the second half of this year to be very difficult. CEO Zuckerberg told employees on Thursday: "If I had to bet, I would say this is probably one of the worst recessions we've seen in recent history." He plans to cut 30% of his staff this year. Meanwhile, Meta chief product officer Chris Cox detailed the company's financial woes in an internal memo.

Google agrees to pay $90 million to settle commission dispute

Google parent company Alphabet has agreed to pay $90 million to settle a legal dispute with app developers that focused on Google's forced app development, according to a court filing. Players use its payment system and charge high commissions.

App Store opens third-party payment in South Korea, but Apple will still take 26% commission

Apple said on Thursday that app developers in South Korea can now use third-party payment systems to bypass the payment system provided by the company itself, but It will still take a cut from it. Apple said it will require developers to provide monthly reports that "document every sale of digital goods and content" and will take a 26% commission from each transaction for app sales that currently use its App Store payment system. And the commission for intra-app transactions is 15%-30%.

[Analyst Rating]

Etsy: Evercore ISI lowered its price target to $95 from $130 on lower retail spending expectations based on an online shopper survey.

FedEx : Berenberg lowered his price target to $275 from $330, citing rising cyclical risks and a weak macroeconomic outlook.

General Mills : Jefferies raised its price target to $75 from $69 after the company reported strong fourth-quarter results and solid guidance that was in line with expectations.

Micron Technology : Piper Sandler lowered its price target to $50 from $70, citing weak guidance and rising cloud customer inventory levels.