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Real-time News
Hedge fund manager Bill Ackman: Pershing Square America has recently added Microsoft (MSFT.O) to its core holdings.On May 15th, the State Administration of Foreign Exchange released preliminary figures for my countrys balance of payments for the first quarter of 2026. In the first quarter of 2026, my countrys current account surplus was RMB 1,282.1 billion, including a goods trade surplus of RMB 1,721.2 billion, a services trade deficit of RMB 413.9 billion, a primary income deficit of RMB 52 billion, and a secondary income surplus of RMB 26.8 billion. The capital and financial account (including net errors and omissions for the quarter) showed a deficit of RMB 1,282.1 billion, with net inflows of direct investment into China. In US dollar terms, in the first quarter of 2026, my countrys current account surplus was USD 184.1 billion, including a goods trade surplus of USD 247.4 billion, a services trade deficit of USD 59.6 billion, a primary income deficit of USD 7.5 billion, and a secondary income surplus of USD 3.9 billion. The capital and financial account (including net errors and omissions for the quarter) showed a deficit of USD 184.1 billion.Fitch Ratings: Europe’s energy mix makes it vulnerable to a potential conflict with Iran.Market news: The UAE attempted to coordinate with Saudi Arabia on actions against Iran, but was unsuccessful.On May 15th, Tmall launched "Tmall Designer," the industrys first AI-powered home improvement platform. It offers a complete set of standardized capabilities, including AI design, construction techniques, a full-category supply chain, construction contract fulfillment, and escrow transactions. Experience stores will be opened in multiple cities, including Hangzhou and Ningbo, and a Taobao mini-program will be launched simultaneously. Ma Xuejun, CEO of Tmall Designer, stated that relying on the AI-powered home improvement industry-wide integrated operating system, designers, contractors, and turnkey contractors will become all-around designers, all-around renovation specialists, and all-around delivery managers—advancing into three types of "super individuals" in the AI era.
