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Real-time News
Rijksmash Financial: Raises its target price for Arm (ARM.O) from $166 to $244.On May 7, Li Hongzhong, member of the Political Bureau of the CPC Central Committee and Vice Chairman of the Standing Committee of the National Peoples Congress, conducted research in Beijing. He emphasized the need to adhere to Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as guidance, thoroughly study and implement the spirit of General Secretary Xi Jinpings important speeches during the National Peoples Congress and the Chinese Peoples Political Consultative Conference (NPC and CPPCC) sessions, earnestly implement the arrangements of the Fourth Plenary Session of the 20th CPC Central Committee and the "15th Five-Year Plan" outline, actively leverage the functions of the NPC, and better serve high-quality development. Building a modern industrial system and achieving an overall leap forward in the industrial system are important strategic tasks during the "15th Five-Year Plan" period. The NPC should focus on consolidating and strengthening the foundation of the real economy and leading the development of new productive forces, strengthen institutional supply and legal guarantees, actively promote legislation in emerging fields such as artificial intelligence, low-altitude economy, and biomedicine, improve the ecosystem for industrial innovation and development, and cultivate and strengthen new drivers of growth.McDonalds (MCD.N) reported an 11% increase in global system sales in the first quarter.McDonalds (MCD.N) reported revenue of $6.517 billion in Q1 2026, compared to $5.96 billion in the same period last year, and market expectations of $6.472 billion.On May 7th, Boston Federal Reserve President Collins stated that she agrees with the position of her colleagues who objected to the wording of last weeks monetary policy meetings post-meeting statement, which suggested the Fed would eventually resume interest rate cuts. Collins said she "strongly supports" the decision to keep interest rates unchanged, but at the same time prefers to adjust the wording of the statement to "not be too close to statements suggesting the next step will be a rate cut." Collinss view on the statements wording highlights a further shift within the FOMC towards no longer considering near-term rate cuts. A growing number of officials want the Fed to signal more clearly that the next step could be either a rate cut or a rate hike. Collins stated that with the energy shock triggered by the Middle East conflict delaying progress toward the 2% inflation target, she tends to take a more "agnostic" stance on the future path of interest rates. Interest rates may remain unchanged for "a longer period," with "further easing expected in the more distant future." However, in some cases, the Fed may need to consider raising rates, but she emphasized that this is not her baseline expectation. "Im more concerned about the persistence of inflation," Collins said, noting that as the global spillover effects of war continue, supply chain disruptions could cause price increases to spread from energy to the food sector. She added that interest rates should remain at their current "moderately restrictive" level. "But if the inflation path looks clearly heading in the wrong direction," policymakers will "need to reassess what is the right policy."
