Real-time News

Nvidia (NVDA.O) CEO Jensen Huang: I hope to meet with the Japanese Prime Minister tomorrow.

Nvidia (NVDA.O) CEO Jensen Huang: We are at the beginning of a cycle.

Bernstein raised its price target for Johnson & Johnson (JNJ.N) from $251 to $261.

July 16 - On July 16, a spokesperson for the Chinese Embassy in Indonesia told reporters that China-Indonesia cooperation has maintained a good momentum. The Indonesian government has repeatedly stated publicly that it welcomes and supports Chinese companies to continue investing and doing business in Indonesia, further deepening mutually beneficial cooperation between the two countries.

Citigroup raised its price target for Goldman Sachs (GS.N) from $1,100 to $1,200.

On July 16, Premier Li Qiang of the State Council held talks with Cambodian Prime Minister Hun Manet at the Great Hall of the People in Beijing. Hun Manet was in China to attend the 2026 World Artificial Intelligence Conference and pay a working visit. Li Qiang pointed out that China is willing to work with Cambodia to deepen and solidify cooperation under the "Diamond Hexagonal" framework, the "Industrial Development Corridor," and the "Fish and Rice Corridor," to ensure the construction of major infrastructure projects, and to continuously expand bilateral trade. China supports more capable Chinese enterprises to invest in Cambodia, deepen cooperation in emerging fields such as new energy, artificial intelligence, digital economy, and advanced manufacturing, and jointly cultivate and strengthen new drivers of development. Both sides should strengthen cooperation in education, culture, media, and other people-to-people exchanges to enhance mutual understanding and friendship between the two peoples, while working together to eradicate the breeding ground for online gambling and telecommunications fraud, and better protect the safety of the people of both countries. Since the beginning of this year, the international situation has been turbulent, causing a significant impact on the world economy. China and Cambodia should strengthen coordination on major issues, safeguard their common interests, and jointly uphold the multilateral trading system and international fairness and justice.

On July 16, President Xi Jinping met with Kazakh President Kassym-Jomart Tokayev at the Shanghai Xijiao Hotel. Tokayev was in China to attend the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence. Xi Jinping emphasized that firmly advancing comprehensive cooperation between China and Kazakhstan is in the fundamental interests of both countries and their people. Both sides should promote innovative development in trade, optimize the trade structure, and cultivate new forms of cross-border e-commerce and service trade; expand cooperation in energy and mineral resources, and accelerate the implementation of key projects; promote connectivity, increase direct flights, and improve the facilitation of international road transport; cultivate new productive forces, with China willing to share its digital economy and artificial intelligence technologies to help Kazakhstan achieve digital transformation; and successfully hold the "China-Kazakhstan Year of Cultural Exchanges," strengthening cooperation in education, science and technology, medical care, health, sports, media, and other fields to solidify the foundation for lasting friendship.

On July 16th, it was reported that Alibaba is integrating its Agent product line: based on QoderWork, it will integrate the capabilities of Wukong and MuleRun, upgrading them into a more powerful AI product for enterprise productivity scenarios. The new product is being overseen by Chen Yusen. Alibaba responded that existing QoderWork, Wukong, and MuleRun products and services will be seamlessly upgraded in the future, and all user rights will not be affected.

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 China's 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, Huai'an 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), master's 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 Zealand's 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.

Bernstein raised its price target for ASML (ASML.O) from $2,623 to $2,859.

July 16th - According to insiders, Baidu Wenku and Baidu Cloud will soon upgrade to GenFlow, providing more professional services for professionals and specific scenarios. Independent web and client versions will be launched, positioning it as a multi-terminal universal agent platform specifically designed for professionals in finance, education, and office work. Internal beta testing will begin at the end of July. It is understood that the upgraded version of GenFlow will initially focus on the financial sector, providing customized financial industry solutions for financial professionals, enthusiasts, financial companies, and teams.

The Russian Ministry of Defense reported that in the past 24 hours, Russian air defense systems shot down eight guided-missile bombs and 802 Ukrainian military fixed-wing drones.

The New Zealand Earthquake Observatory measured a 6.3 magnitude earthquake in the southern part of New Zealand's South Island today (July 16).

On July 16th, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) convened a meeting to launch the "Scenario Manifestations" special action for central enterprises. The meeting discussed and planned practical measures to promote the cultivation and opening up of scenarios by central enterprises, aiming to unleash vitality through diverse scenarios and promote development together with various stakeholders. Pang Xiaogang, member of the Party Committee and Vice Chairman of SASAC, attended the meeting and delivered a speech. At the meeting, the "Scenario Manifestations" special action for central enterprises was launched, the first batch of 10 landmark scenarios for opening up to the outside world by central enterprises was released, a scenario-specific zone was established in the central enterprise AI open-source "Renewal Community," and representatives from enterprises, universities, and research institutions signed several letters of intent for scenario co-construction.

July 16th - The Eurozone's trade deficit widened further in May, reaching its largest since January 2023, as energy imports continued to drag down overall trade performance, while trade surpluses in categories such as chemicals and machinery narrowed. Compared to a €15 billion trade surplus in May last year, the Eurozone's current trade situation has changed significantly. Exports in May this year grew by only 0.1% year-on-year, while imports surged by 10%, resulting in a cumulative trade surplus of only €3.3 billion for the first five months of this year, a sharp decline from €78.7 billion in the same period last year. The seasonally adjusted Eurozone trade deficit in May still reached €5 billion, remaining weak. The energy trade deficit remained the main drag, reaching €30.3 billion in May, whereas before the US-Iran conflict, this figure typically ranged between €18 billion and €20 billion. Meanwhile, the trade surplus in chemicals and related products further decreased to €18.4 billion, down from €20.5 billion in April. Machinery and automobiles are typically volatile trade categories, but the trade surplus in May also fell to €4.4 billion, down from €6.3 billion in April.