Tesla (TSLA, Financial) saw its stock price increase by more than 2%, reaching a peak of $246.21. The surge comes as anticipation builds for Tesla's upcoming "Robotaxi Day" event to be held in Los Angeles at Warner Bros. Studios on October 10. The event will highlight Tesla's advancements in autonomous vehicle technology and robotics. ...

The Nasdaq Golden Dragon China Index took a significant hit, dropping 5.4% in its initial trading phase, marking its steepest decline since March 2023. This downturn affected numerous popular Chinese stocks.Tiger Brokers (TIGR, Financial) experienced a sharp fall, plummeting nearly 20%, while Futu Holdings (FUTU) saw a decline of over 18%. Additionally, Bilibili (BILI) shares dropped almost 12%. ...

Oracle (ORCL, Financial) saw its stock increase by over 1.2%, reaching $172.02. The rise comes as Oracle announced a strategic partnership with Amazon's AWS. Together, they plan to launch the Oracle Database@Amazon Web Services. This new feature aims to provide enterprise users with streamlined database management, billing, and customer support services. A preview of this feature is expected to be available later this year, with plans to expand it to more markets by 2025 to meet enterprise demands. ...

Nio (NIO, Financial) experienced a notable movement in its stock price, with the shares currently priced at $6.165, reflecting a percentage decrease of 9.2%. This shift in stock value comes as the company continues to navigate a challenging market landscape despite recent upticks in performance metrics.Recently, Nio has showcased significant improvements in its vehicle delivery numbers, reporting a 144% increase year-over-year and a 91% sequential rise for the second quarter. This achievement resulted in th ...

Core Viewpoint - Citi has increased its optimism towards the semiconductor industry due to stronger-than-expected sales data for August, revising the 2024 sales forecast upward to $616.6 billion, reflecting a 17% year-over-year growth [1][2] Group 1: Semiconductor Sales Performance - August sales reached $56.2 billion, exceeding the forecast of $51.4 billion, with a month-over-month growth of 15.4%, significantly higher than the predicted 5.7% increase [2] - The average selling price for products excluding discrete devices rose by 14.2% month-over-month, surpassing the forecast of 2.7% and the seasonal average growth of 5.7% [2] - Year-over-year, the average sales price for products excluding discrete devices surged by 29%, exceeding the expected 16.1% increase [2] Group 2: Market Outlook and Key Picks - The semiconductor sales forecast for 2024 has been revised from a 14% growth to 17%, driven by anticipated growth in the third and fourth quarters [1] - Analog Devices (ADI) is identified as Citi's top pick in the semiconductor sector, with "buy" ratings also assigned to AMD, Broadcom, Micron Technology, Microchip Technology, and Texas Instruments [1] - Product volumes, excluding discrete devices, are expected to rise by 1%, while average selling prices are anticipated to increase by 18% year-over-year [1]

S&P futures: +25.00. Nasdaq futures: +100.00.The S&P 500 futures are up by 25 points or 0.4%, the Nasdaq 100 futures are up by 100 points or 0.5%, and the Dow Jones Industrial Average futures have increased by 71 points or 0.2%.There's a positive trend in early trading, with gains in chipmakers and some large-cap stocks. Treasury yields are dropping, which helps the equity futures. The 2-yr yield has decreased to 3.97%.Stock futures are influenced by news from China's National Development and Reform Commiss ...

On October 8, 2024, Accolade Inc (ACCD, Financial) released its 8-K filing detailing the financial results for the fiscal second quarter ending August 31, 2024. Accolade Inc, a company offering technology-enabled solutions to navigate the healthcare system, reported a revenue of $106.4 million, exceeding the analyst estimate of $105.01 million. The company continues to focus on its physician-led advocacy approach to enhance healthcare experiences for its members.Financial Performance and Challenges Accolade ...

A U.S. federal judge in California has ruled that Google must revamp its mobile application business, mandating the opening of its Android operating system to competing app stores. This decision is aimed at providing users with more options for downloading apps and making payments.The ruling stems from a 2020 antitrust lawsuit filed by Epic Games, the developer of "Fortnite," against Google. Last December, a jury backed Epic's claims, declaring Google's app store practices to be an illegal monopoly.Judge Ja ...

Core Viewpoint - New Oriental's shares experienced a decline of approximately 9.8% in pre-market trading following a downward revision of profit forecasts by Macquarie for fiscal years 2025 to 2027 [1] Financial Performance - Macquarie adjusted its forecast for New Oriental's non-GAAP net profit downward by 11.6% to 13.3% based on lowered revenue projections and operating surplus expectations [1] - The target price for New Oriental's H shares was revised from HKD 71 to HKD 63.1, maintaining a projected price-to-earnings ratio of 25 times for fiscal year 2025 [1] Business Outlook - Despite the downgrades, Macquarie maintains an "Outperform" investment rating, anticipating that the non-academic K9 business will remain robust [1] - Growth in overseas exam preparation is expected to slow down in the first quarter of fiscal year 2025 [1]

NetEase (NTES, Financial) shares experienced a significant decline in pre-market trading, dropping over 8.8% to $90.7. On the Hong Kong Stock Exchange, its shares closed with a decline of over 10.8%, settling at 141 HKD.The decline in NetEase's stock price is linked to the recent re-launch of Blizzard's game, "Hearthstone," in China. This re-launch follows the return of another Blizzard game, "World of Warcraft." However, both games are facing severe issues with long queue times, frustrating many players.Th ...