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The UKs October CPI and Retail Price Index will be released in ten minutes.On November 19th, according to Tianyancha App, Chuangke Zhilian (Shenzhen) Electronic Information Co., Ltd. was recently established. The legal representative is Liu Junyi, and the registered capital is 100 million RMB. Its business scope includes software sales, software development, software outsourcing services, and retail of computer hardware, software, and auxiliary equipment. Shareholder information shows that the company is wholly owned by China Merchants Innovation Technology (Group) Co., Ltd.On November 19th, Goldman Sachs reported that Xiaomis (01810.HK) third-quarter results slightly beat expectations, with revenue growing 22% year-on-year, 2% higher than the banks forecast, driven by higher revenue from internet and electric vehicles. Adjusted net profit grew 81% year-on-year, 12% and 15% higher than the banks and market expectations, respectively, boosted by improved IoT gross margins and increased other and investment income. The bank forecasts smartphone shipments of 171 million units in 2025, decreasing to 169 million units in 2026, with average selling prices rising 3% in the fourth quarter of this year and 5% next year. Regarding electric vehicles, the bank raised its 2025 delivery forecast to over 400,000 units, while maintaining its 2026 forecast at 800,000 units. Meanwhile, the bank lowered its 2026-27 net profit forecasts by 4-5% to reflect greater pressure on smartphone gross margins; the 2025 net profit forecast was raised by 3% due to the better-than-expected third-quarter results. The target price was lowered from HK$56.5 to HK$53.5, with a "buy" rating.November 19th - Following a significant price increase in DRAM, flash memory prices have also risen across the board. According to the latest CFM flash memory market quotes, on November 19th, flash wafer prices increased across the board, with the largest increase reaching 38.46%. Specifically, 1Tb QLC rose 25.00% to $12.50, 1Tb TLC rose 23.81% to $13.00, 512Gb TLC rose 38.46% to $9.00, and 256Gb TLC rose 14.58% to $5.50.1. WTI crude oil futures trading volume was 782,512 lots, an increase of 125,257 lots from the previous trading day. Open interest was 1,867,735 lots, a decrease of 15,207 lots from the previous trading day. 2. Brent crude oil futures trading volume was 154,199 lots, an increase of 46,083 lots from the previous trading day. Open interest was 232,136 lots, an increase of 1,383 lots from the previous trading day. 3. Natural gas futures trading volume was 633,999 lots, an increase of 78,445 lots from the previous trading day. Open interest was 1,506,606 lots, a decrease of 9,583 lots from the previous trading day.

Twitter Shares Fall as Musk's $44 Billion Take-Private Deal Faces "Serious Danger"

Charlie Brooks

Jul 08, 2022 11:08


During Thursday's after-hours trade, it was reported that Twitter's $44 billion take-private plan with Elon Musk is in "serious danger" as a result of Musk's decision to pull back fundraising efforts owing to continuous worries over spam accounts.


After-hours trading for Twitter Inc (NYSE:TWTR) declined by more than 3 percent following the news.d


According to unnamed sources cited by the Washington Post, Musk and his team suspended fundraising efforts for the acquisition after concluding that Twitter's data on spam accounts are unverifiable.


Twitter has stated that it deletes over 1 million spam accounts everyday and believes that bot accounts account for less than 5% of its user base. In an attempt to allay Musk's concerns, the social media behemoth has recently disclosed a plethora of data, but Musk's team remains skeptical and believes "they do not have enough information to analyze Twitter's financial prospects," according to a report citing sources.



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