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February 15th - According to foreign media reports, the Vietnamese government approved SpaceXs Starlink satellite internet service launch in Vietnam on February 14th. The Vietnamese Ministry of Science and Technology has issued a license to Starlinks local subsidiary, allowing it to provide fixed and mobile satellite internet services. The company has also been granted permission to use radio frequencies and wireless equipment.SpaceX announced that a Falcon 9 rocket launched 24 Starlink satellites from California.On February 15th, the State Administration for Market Regulation (National Standardization Administration) recently approved and released the national standard "Evaluation Guidelines for Park City Construction" (GB/T47111—2026). This standard systematically stipulates the general principles, framework, construction content, process, and methods for evaluating park city construction. First, it clarifies the principles of park city construction evaluation, emphasizing a comprehensive, people-oriented, site-specific, and scientifically applicable approach, while focusing on process objectivity and the application of results. Second, it constructs a comprehensive construction evaluation framework, covering five aspects and ten evaluation items: natural ecology, spatial form, living environment, ecological empowerment, and urban governance. Third, it provides clear and specific evaluation content and methods, offering guidance on core aspects such as symbiotic patterns, parks and greenways, and urban-park integration, and standardizing the evaluation process and methods from preparation and evaluation to the summary stage. Fourth, it encourages localities to construct evaluation indicator systems that suit their local characteristics, based on their own resource endowments and development stages, and to build park cities according to local conditions. The release and implementation of this standard will help scientifically guide park city construction across the country, providing standard support for localities to conduct park city construction evaluations based on their own characteristics and local conditions.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.On February 15th, the Ministry of Transport released the "Analysis Report on the Operation of the National Highway Network during the Spring Festival Holiday," which indicates that traffic flow on the national highway network during this years Spring Festival holiday will exhibit characteristics of "low at the beginning and high at the end, with tidal fluctuations." The report shows that the average daily traffic flow on national expressways during the Spring Festival holiday is expected to be approximately 55 million vehicles, a 4.5% increase compared to the average for the same period in 2025. The peak traffic flow is expected to occur on the penultimate day of the Spring Festival holiday, the sixth day of the Lunar New Year, reaching an estimated 71 million vehicles, approximately double the usual daily traffic volume. During the Spring Festival holiday, passenger cars are expected to account for over 99% of all passenger vehicles on national expressways. In terms of travel structure, self-driving for family visits remains the core demand, while the proportion of tourism travel is expected to further increase compared to previous years, placing significant pressure on transportation services in popular tourist cities.

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%.