What is Biden planning to do in the last few weeks of his term? The focus will be on AI, pardons, and climate goals...
① Biden plans to take action on AI, pardons, and other areas in the final weeks of his term; ② White House Communications Director Ben LaBolt revealed in a memo that Biden will focus on four major areas: AI, providing financial incentives, climate goals, and reducing sentences and pardons.
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The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
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Macy's revealed a major accounting incident: an employee falsely recorded $0.151 billion in expenses
Macy's, an established US retail giant, revealed on Wednesday the findings of an investigation into a major accounting incident that affected its financial reports for several years. The investigation determined that repeated mistakes and subsequent cover-ups by one of the company's employees led to a false recording of $0.151 billion in expenses. These differences stem from underestimated small package delivery costs starting at the end of 2021, and persist due to deliberate misbilling and falsification of documentation. This operation by this employee masks the true costs, which were not discovered until the fall of 2024. Although Macy's fired the employee, the company said the employee had no experience from these misdeeds
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
Daiwa Securities Adjusts Price Target on Dell Technologies to $140 From $125, Keeps Outperform Rating
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Dell Technologies Options Spot-On: On December 10th, 120.91K Contracts Were Traded, With 714.57K Open Interest
On December 10th ET, $Dell Technologies(DELL.US)$ had active options trading, with a total trading volume of 120.91K options for the day, of which put options accounted for 33.12% of the total
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