On Tuesday Eastern Time, the three major US stock indexes collectively closed higher, with the Dow continuing to hit a historic high. As of the close, the Dow rose 0.68%, the Nasdaq rose 0.66%, and the S&P 500 index rose 0.59%. The settlement price of international crude oil futures has risen by over 1%. The settlement price of WTI January crude oil futures increased by $0.97, or 1.34%, to $73.44 per barrel. Brent's February crude oil futures settlement price rose by $1.28, or 1.64%, to $79.23 per barrel.
Blockchain concept stocks saw leading gains, with Marathon Digital up over 10%, Coinbase Global up over 5%, and Riot Platforms up over 1%.
Global News
The freight rate in January has doubled! Multiple shipping companies have raised freight rates for European and Mediterranean routes early next year
The tense situation in the Red Sea has further driven up the doubling of freight rates on European and Mediterranean routes. The spot market freight rates updated by multiple shipowners in the past two days show that multiple European and Mediterranean routes have doubled in price in early January next year.
Hong Kong announces new capital investor entry plan
The Secretary for Financial Affairs and Treasury of the Hong Kong Special Administrative Region Government, Hsu Cheng yu, announced today (19th) the "New Capital Investor Entry Plan". According to the plan, eligible applicants who invest HKD 30 million or more in Hong Kong are eligible to apply for entry into Hong Kong. Among them, a new HKD 3 million "Capital Investor Entry Program Investment Portfolio" has been established in the investment project, mainly for related projects such as innovative technology that are conducive to Hong Kong's long-term development.
The Federal Reserve has completed an Impossible Mission: an economic soft landing
At this time last year, almost all Wall Street investment banks predicted that the United States would experience an economic recession before the next presidential election. But over time, they revised their predictions and instead believed that there would be a mild recession. Now, an economic soft landing has become a market consensus.
When will the European Central Bank cut interest rates? Management Committee Villerova: It should be at some point in 2024
When will the time come for the European Central Bank to cut interest rates? On Tuesday (December 19), Francois Villeroy de Galhau, a member of the European Central Bank's governing committee and President of the Bank of France, gave the latest statement that the central bank should cut interest rates at some point in 2024.
Company News
Xiaomi Group: Three employees of Xiaomi Motors who participated in external securities and investment institution seminars without permission have been dismissed
On December 19th, Xiaomi Group issued a statement regarding malicious leaks and rumors related to Xiaomi Auto. In November and December 2023, three former employees of Xiaomi Auto participated in so-called "Xiaomi Auto Seminars" organized by external securities firms and investment institutions without permission, with the purpose of collecting "consulting fees" during their tenure. They fabricated and spread a large amount of incorrect and untrue information, seriously misleading the market Disrupting the normal business operations of Xiaomi Motors. The above three employees, namely Yu (former employee of the electronic control system and software team), Shi (former employee of the stamping and casting process team), and Zhang (former employee of the mass production quality team), have seriously violated the Xiaomi Group Employee Code of Conduct and the company's confidentiality obligations. Xiaomi Group has dismissed them, will never hire them, and will pursue legal responsibilities in accordance with the law.
Tesla confirms that they are developing a wireless home charging system that can be charged in the parking space! Huawei and Xiaomi already have patents, and multiple A-share companies have entered the market
On December 19th, according to technology media reports, Tesla's chief designer Franz von Holzhusen confirmed to the media that "Tesla is developing induction charging technology, which doesn't require anything to be plugged in. Just drive the car to the charging pad in the garage and start charging automatically." Although details have not been disclosed, Tesla's official move is undoubtedly significant.
BYD is expected to catch up with Tesla and become the top three global pure electric sales brands, with a market share of 42%
At present, Tesla, BYD, and Volkswagen are the world's best-selling pure electric vehicle brands, with a combined market share of 42%. It is worth noting that BYD's pure electric vehicle market share (excluding Tengshi) has caught up with Tesla, with both having a market share of 17% in the third quarter. From the data, in the third quarter of 2023, Tesla delivered over 435000 vehicles, while BYD delivered 431600 pure electric vehicles, which is only about 3500 units lower than Tesla and almost unchanged.
Google faces another antitrust blow: losing $700 million and allowing developers to charge directly
After losing the antitrust lawsuit against Epic Games earlier this month, Google's parent company Alphabet still needs to solve even bigger problems: Attorney General and consumers from about 36 states in the United States have filed antitrust lawsuits against it, which means Google will have to pay huge compensation and modify its Google Play store rules.
