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On January 12th, Baisheng Intelligent announced that it recently signed a "Strategic Cooperation Agreement on Parking Lots" with Baolong Group, with a planned total cooperation amount of 200 million yuan. Baolong Group and its affiliated companies own commercial parking lot operation rights/ownership nationwide. To effectively manage parking spaces and improve parking service and management levels, they need to cooperate with professional operating companies to operate parking lots. Baisheng Intelligent and its affiliated companies are integrated parking solution operators specializing in parking and new energy vehicle charging operation management, and can undertake the systematic operation of commercial parking lots.Tianhe Defense: The companys radio frequency devices and chip products can be used in the field of satellite communications.On January 12th, Tmall released its "2025 New Brand Development Report." Regionally, Guangzhou, Shenzhen, Jinhua, Hangzhou, Quanzhou, Xiamen, Wuhan, Xuzhou, Dongguan, and Zhengzhou saw the most new merchants, becoming Tmalls top 10 cities for brand creation in 2025. Guangzhou continues to lead in entrepreneurial vitality, ranking first for three consecutive years, with over 18,000 new stores opening in Guangzhou in 2025, double the number in 2023.January 12th - Today, Jia Yueting, founder of Faraday Future, announced that FF will hold the final launch of its first batch of embodied intelligent robot products at the NADA North American Automotive Dealer Conference on February 4th, and simultaneously launch sales.On January 12, it was reported that on January 8, Vice Minister of Finance Liao Min met with former Canadian Prime Minister Jean Chrétien in Beijing to exchange views on China-Canada relations, China-Canada economic and trade relations, and two-way investment. Liao Min stated that China is willing to work with Canada to implement the important consensus reached by the leaders of the two countries, resume and restart dialogue and cooperation in economic and financial fields, and promote the healthy, stable, and sustainable development of China-Canada relations and China-Canada economic and trade relations. Chrétien positively appraised the current positive momentum in Canada-China relations, believing that the stable development of Canada-China relations is in the interests of the people of both countries. He noted that the economies of Canada and China are highly complementary and have broad prospects for cooperation, and expressed his willingness to continue contributing to the development of Canada-China relations and Canada-China economic and trade relations.

Increases in Dow Futures and Inflation Concerns

Charlie Brooks

Jul 15, 2022 10:28

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Futures for U.S. equities were trading higher on Thursday evening, as key benchmark averages ended the regular session in a mixed way amid stronger-than-expected producer price data and disappointing profit reports from major banking institutions.


Dow Jones Futures increased 0.2 percent by 7:00 p.m. ET (11:00 p.m. GMT), while S&P 500 Futures and Nasdaq 100 Futures both rose 0.3 percent.


In extended trading, Pinterest Inc (NYSE:PINS) shares surged 15.8 percent following a Wall Street Journal article revealed Elliott Management's 9 percent stake.


Prior to the end of the day, investors will focus on June's retail sales, import and export prices, the June industrial production report, and preliminary July consumer sentiment data. Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) are expected to deliver their quarterly earnings results in the interim.


During Thursday's usual trading day, the Dow Jones Industrial Average fell 142.6 points, or 0.5 percent, to 30,630.2, the S&P 500 fell 11.4 points, or 0.3 percent, to 3,790.4, and the NASDAQ Composite increased just 3.6 points to 11,112.1.


Morgan Stanley (NYSE:MS) declined 0.4% after reporting Q2 EPS of $1.44 vs $1.57 forecasted and sales of $13.13 billion versus $13.39 forecasted.


JPMorgan Chase & Co (NYSE:JPM) fell 3.5 percent after announcing Q2 earnings per share of $2.76 compared to $2.94 forecasted and revenue of $30.72 billion compared to $31.84 forecasted.


In terms of data, producer prices increased by 11,3 percent year-over-year in June as energy prices jumped, adding to concerns of rapid rate hikes after the CPI result surpassed expectations in the previous session.


On the bond markets, the 10-Year United States interest rate was 2.958%.


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