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On February 15th, Tesla CEO Elon Musk revealed that Tesla (TSLA.O) will cease selling its Full Self-Driving (FSD) assistance system on a one-time payment basis, instead adopting a monthly subscription model. This change will take effect after February 14th. Tesla previously sold the system for a one-time payment of $8,000 or a monthly subscription fee of $99. While Musk did not explain the reason for this adjustment, his compensation is partly dependent on business growth. According to the compensation plan approved by shareholders last November, Tesla must achieve several targets, including reaching 10 million FSD subscribers, before Musk can receive additional stock awards. Furthermore, it was reported that in Australia, the deadline for the one-time purchase option has been postponed to March 31st.February 15 - Japanese police said on February 15 local time that a stabbing incident occurred in Dotonbori, Chuo Ward, Osaka City in the early hours of the day, resulting in the death of one victim. Police have taken a male suspect in his 20s into custody.On February 15th, it was reported that on February 14th local time, the U.S. Department of Justice sent a letter to members of Congress explaining the redacting of documents in the Jeffrey Epstein case. The letter outlined the types of redacting and provided a detailed list of numerous prominent or "politically sensitive" individuals mentioned in the documents, even though they had no direct contact with Epstein or his ex-girlfriend and accomplice Maxwell, but were mentioned in news clippings and other sources.February 15th - According to statistics released by the State Administration of Foreign Exchange (SAFE), in January 2026, banks settled 2.0048 trillion yuan in foreign exchange and sold 1.4457 trillion yuan; banks foreign exchange receipts on behalf of clients totaled 5.4722 trillion yuan, while their payments totaled 4.8974 trillion yuan. Li Bin, Deputy Director and Spokesperson of SAFE, explained that in January, both the banks foreign exchange settlement surplus and the net inflow of cross-border funds from non-bank sectors such as enterprises and individuals declined compared to the previous month. This was mainly due to seasonal factors; while corporate receipts and settlements increased rapidly, the growth slowed recently as demand gradually increased. "Overall, my countrys foreign exchange market is active, expectations are stable, and cross-border capital flows are becoming more stable," said Li Bin.On February 15th, a netizen raised a question on social media: SpaceX is shifting its focus from Mars to the Moon and plans to build an autonomous city on the Moon within ten years, but why is it making this change? Musk responded: "It needs to be clear that we will continue to advance the Mars program. I believe this adjustment will not affect the timeline for the autonomous development of a Martian city by more than five years, and may even accelerate the development process on Mars."

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

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In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.

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