[Pre-market performance]
Tonghuashun (300033) US stock News As of press time, the Dow Jones Industrial Average futures , mainly blue chip stock , fell 0.46%; the S&P 500 index futures fell 0.62%; the Nasdaq 100 index futures, mainly technology stock , fell 0.93%.
Popular Chinese stocks listed in the United States fell before the market trading.
European stock markets fell. As of press time, German DAX index fell 0.93%; French CAC40 index fell 0.86%; and FTSE 100 index fell 0.64%. In terms of commodity foreign exchange, as of press time, Brent crude oil rose 0.47% to US$88.46 per barrel.
[Financial News]
Sources said that OPEC+ began to discuss cutting production at the October 5 meeting
Sources said that OPEC+ began to discuss cutting production at the October 5 meeting.
[Company News]
Palantir renews contract with the US Army Research Laboratory, with a value of up to US$229 million
US Army Research Laboratory renews contract with Palantir, providing the US Department of Defense with leading artificial intelligence (AI) and machine learning (ML) capabilities. The contract is worth up to US$229 million and lasts for one year.
It is reported that SoftBank has begun laying off 20% of its Vision Fund
According to people familiar with the matter, SoftBank has begun to lay off more than 20% of its Vision Fund employed, and at least 100 employees may be affected. Its Vision Fund division, including employees of the Latin American Fund, has about 500 employees. SoftBank founder Masayoshi Son said in August that it would cut costs for its corporate group and Vision Fund investment division, after the fund recorded a record loss of $23 billion, most of which was due to the plunging valuations of portfolio companies. In addition, SoftBank also announced a US$6 billion foreign exchange loss due to the weakening of the yen.
Toyota 8 global production increased by 44.3% year-on-year, sales increased by 3.8% year-on-year
Toyota said on Thursday that global production increased by 44.3% year-on-year to 766,683 vehicles in August, the first time since March, and is also higher than the production target of about 700,000 vehicles. The growth in output mainly comes from overseas, with Japan's domestic output increasing by 5.6% year-on-year and overseas output increasing by 65.1% year-on-year. Global sales reached 777,047 units in August, an increase of 3.8% year-on-year, the first increase in 12 months. Among them, overseas sales increased by 8.9% year-on-year to 694,272 units, while Japan's sales fell by 25.8% to 82,775 units, due to the shortage of parts supply and the epidemic affecting production.
Lululemon will launch a subscription service that requires Mirror, a home fitness device,
Sports apparel retailer, will launch a brand new fitness content platform, Lululemon Studio, where customers can watch on-demand and live classes at home. Starting October 5, people can access Lululemon Studio through its smart home fitness product Mirror and its exclusive app.
Buffett increased its holdings of Occidental Petroleum by another 5.99 million shares, and its holdings rose to 20.9%
"Stock God" Buffett's Berkshire Hathaway continued to increase its buying of 5.99 million shares of Occidental Petroleum, pushing its holdings to 20.9%, after the oil company's share price fell by about one-fifth in less than a month.
Amazon Increases hourly wages with a $1 billion investment
Amazon is increasing hourly wages and benefits for its warehouse and transport workers. The company said the pay raises were achieved through new investments of about $1 billion in a year. It is understood that the starting salary of employees engaged in customer service and transportation will be increased from the previous $18 per hour to more than $19 per hour, while the minimum hourly salary remains unchanged at $15 per hour.
Robinhood teamed up with Circle to provide USDC trading service
Robinhood said on Wednesday that the company has teamed up with cryptocurrency company Circle to provide customers with services to buy and sell stablecoins USD coins (USDCs) on its brokerage platform.
[Analyst Rating]
BTRS Holdings: KBW raises its target price from $8 to $9.5, after it announced that it will be acquired by EQTPrivate Equity in an all-cash transaction.
Cintas:JPMorgan (JPMorgan) raised its target price from $445 to $460, citing strong first-quarter results and improved full-year performance guidance.
Kodiak Sciences: JPMorgan cuts its target price from $16 to $13 due to doctors' feedback on the company's clinical performance.
Warner Music : JPMorgan cuts its target price from $38 to $34 to reflect current macro-driven advertising weakness and increasing foreign exchange pressure.
