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On September 14th, according to Qichacha APP, Wuxi Gongwang Sensing Technology Co., Ltd. recently underwent industrial and commercial registration changes, adding Hefei NIO Industrial Development Equity Investment Partnership (Limited Partnership), an affiliate of NIO Capital, as a shareholder, and increasing its registered capital to 3.7784 million yuan. Public information shows that the company is a developer of inductive sensors.On September 14th, tech media outlet Macobserver published a blog post yesterday (September 13th) reporting that Apple disclosed six proprietary application programming interfaces (APIs) during its technical explanation of the iPhone Duo, the most noteworthy being support for dual app functionality. In the explanation, Apple introduced at least six iPhone Duo-specific APIs, including UIWindowSceneActivation, which allows applications to request a second window. Apple stated that the iPhone Duo is its first model to natively support dual app functionality, but the new window can only be opened on the inner screen, not the outer screen. Publicly available information shows that iOS currently does not natively support "dual app functionality/app cloning," for example, its not possible to natively install two separate WeChat accounts on the same iPhone and log in to them separately. According to Apples technical explanation, on the iPhone Duo, users should be able to open two WeChat applications simultaneously and run different accounts independently. However, this is currently only theoretically supported, and further testing is needed to verify this.September 14th - Some investors are snapping up New Zealand bonds, betting that weak economic growth will keep the Reserve Bank of New Zealand (RBNZ) cautious about raising interest rates and extend the bonds outperformance relative to its global peers. Asset management firm Insight Investment favors shorter-term bonds, believing the market has overpriced RBNZ rate hikes. Harbour Asset Management stated that the countrys bonds also benefit from a steep yield curve and relatively restrained government spending compared to its G10 peers. These bullish bets come after New Zealand bond yields jumped to multi-year highs last Friday due to surging oil prices fueling expectations of an October rate hike. Prior to the recent oil price rally, RBNZ officials had hinted at a slower pace of rate hikes, citing an uneven and fragile economic recovery from recession. Traders are currently pricing in four more rate hikes by August next year, in addition to the RBNZs two hikes this year.Market news: The Bank of Japan offered spot government bond lending operations in the morning session.September 14th - According to the New York Times, two sources familiar with the matter revealed that the Trump administration plans to announce on Monday that the United States will no longer restrict emissions of global warming pollutants from coal-fired and gas-fired power plants during power generation. It is understood that Environmental Protection Agency Administrator Lee Zeldin is expected to announce this policy change during the G20 energy ministers meeting in Houston. The Trump administration has been trying to make the production and use of fossil fuels easier and cheaper, particularly hoping to utilize fossil fuel power generation to meet the growing electricity demand of artificial intelligence data centers.

The Dow Futures drop following a strong week

Charlie Brooks

Jul 11, 2022 10:59

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After major benchmark indexes completed the week higher, U.S. stock futures dropped during Sunday evening trade as investors anticipated company earnings reports and important inflation data.


By 7:00pm ET (11:00pm GMT), the Dow Jones Futures were down 0.2 percent , the S&P 500 Futures were down 0.3 percent , and the Nasdaq 100 Futures were down 0.4 percent .


Ahead this week, market participants will concentrate on new CPI data, with the inflation rate predicted to hit 8.8 percent, the highest level since December 1981. Investors will examine, among other data releases, retail sales, manufacturing production, Michigan consumer mood, NFIB Small Business Optimism, consumer inflation expectations, producer pricing, export and import prices, and the New York Empire State Manufacturing Index.


PepsiCo Inc (NASDAQ:PEP) and Delta Air Lines Inc (NYSE:DAL) are scheduled to report earnings on Tuesday and Wednesday, respectively, while JPMorgan Chase & Co (NYSE:JPM), Morgan Stanley (NYSE:MS), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C) are scheduled to report earnings later in the week.


During trading on Friday, the Dow Jones Industrial Average sank 46.4 points, or 0.2 percent, to 31,338.2, the S&P 500 finished 0.3 points, or 0.1 percent, down at 3,894.4, and the NASDAQ Composite climbed for the sixth consecutive day, adding 14 points, or 0.1 percent, to 11,635.3. The Dow rose 1.4 percent for the week, while the S&P 500 climbed 2.7 percent and the NASDAQ gained 6.1 percent .


On the bond markets, 10-Year United States rates jumped to 3.08 percent.


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