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According to the Financial Times, Chinese AI startup Dark Side of the Moon plans to release Kimi K3 in the coming days. The model, with parameters ranging from 2 to 3 trillion, will be Chinas largest AI model to date.July 16th - Subsidies in the housing market are increasingly being rolled out across the country. According to incomplete statistics, since the beginning of this year, over 20 provinces and cities nationwide, including Guangdong, Hubei, Guizhou, Yunnan, Chengmai County in Hainan, Lhasa in Tibet, Huaian in Jiangsu, Jinjiang in Fujian, and Urumqi in Xinjiang, have introduced housing subsidy policies. The biggest change in these policies is the shift from a universally applicable approach to targeted subsidies to more specific groups. Housing subsidies are becoming increasingly refined and differentiated within the housing market regulation toolbox. The biggest beneficiaries of these targeted subsidies remain high-level talent. For example, Huangpu District in Guangzhou has introduced a talent housing subsidy policy, offering subsidies of 100,000 yuan, 150,000 yuan, 250,000 yuan, and 300,000 yuan respectively to eligible undergraduates (or senior technicians), masters degree holders (or associate senior professional titles, special-grade technicians), doctoral degree holders (or senior professional titles, chief technicians), and postdoctoral fellows who have worked in the district within one year of completing their postdoctoral research.New Zealands National Emergency Management Agency has issued a tsunami warning for coastal areas following a 6.3-magnitude earthquake in the Fiordland region.Kremlin: The difficulties facing the Russian economy are not critical, and macroeconomic stability is guaranteed.Kremlin: We are monitoring the changes in the Ukrainian government; the choice of defense minister will not have any impact.

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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