important information
1. U.S. official: Secretary of State Blinken is expected to meet with the Saudi crown prince.
2. Goldman Sachs: The Fed is “very likely” to raise interest rates by 25 basis points in July, raising the terminal interest rate forecast to 5.25%-5.5%.
stock news
1. TSMC (TSM.N) expects revenue to decrease by 10% year-on-year in the first half of 2023, and annual capital expenditure will be close to US$32 billion, which is close to the low end of the previous forecast range.
2. Zhiwen Group’s (MOMO.O) Q1 revenue in 2023 decreased by 10.5% year-on-year to record 2.819 billion yuan, but it was better than market expectations. The company expects revenue in the second quarter to be 3.0-3.1 billion yuan.
3. Baidu (BIDU.O) stated that since the two-month internal beta test began in March, the reasoning performance of Baidu Wenxin Yiyan has increased by 10 times. Baidu Smart Cloud launched the “Comate” code assistant, and officially opened invitation testing.
4. TuSimple (TSP.O) officially announced its entry into the Japanese market and began testing autonomous driving on highways.
5. Sources said JPMorgan Chase ( JPM.N ) CEO will meet with House Democrats on Tuesday.
6. Panasonic will expand production of electric vehicle batteries at Tesla’s (TSLA.O) Gigafactory in Nevada, Nikkei reported.
7. According to market sources, Tesla (TSLA.O) supply chain director has jumped ship to rival Rivian (RIVN.O).
8. Gitlab (GTLB.O): In fiscal year 2024, Q1 revenue increased by 45% year-on-year to US$127 million, net loss expanded by 26.4% year-on-year to US$52.5 million, and Q2 revenue guidance was US$129-130 million, all better than the market expected.
9. The U.S. Securities and Exchange Commission sued the encryption exchange Coinbase (COIN.O) in New York federal court.
10. Unity Software (U.N) will work with Apple to develop the Vision Pro application.
11. Ford Motor (F.N) recalled more than 125,000 vehicles due to engine problems.