Daily US Stock Market News Update (Wednesday, December 7)
IMPORTANT INFORMATION
1. Passenger Vehicle Federation: In November, retail sales in the passenger car market reached 1,649 million units, down 9.2% year on year; wholesale sales of new energy passenger vehicles reached 728,000 units, up 70.2% year on year and 7.9% month on month.
Individual stock news
1. Tesla (TSLA.O) sold 100,291 cars in China in November, an increase of 39.9% over the previous month.
2. Apple (AAPL.O) plans to adopt a new encryption system to fend off hackers and protect iCloud data.
3. Honda Motor (HMC.N) China announced that it is expected to purchase 123Gwh of pure electric vehicle power batteries from Ningde Era from 2024 to 2030 through Zhongrui.
4. C3.ai (AI.N)'s fiscal year 2023 Q2 revenue increased 7% year over year to US$62.41 million. Revenue for the third quarter is expected to be US$63 million to US$65 million, falling short of market expectations.
5. MOMO.O's Q3 revenue fell 14% to 3,233 billion yuan, but was better than market expectations. Q4 revenue is expected to be 3.15 billion to 3.25 billion yuan.
6. GameStop (GME.N)'s Q3 net sales decreased by about 8% year over year to US$1.19 billion, with an adjusted loss of $0.31 per share, all falling short of market expectations.
7. Express (EXPR.N)'s Q3 revenue fell 8% year over year to US$434 million, and recorded a net loss of US$344.48 million from year to year; the company also announced cooperation with US brand management company WHP Global to expand brand size.
8. ExxonMobil Petroleum (XOM.N) raised its 2023 capital expenditure guidelines to US$23 billion to US$25 billion to reduce carbon emissions, and also announced that it will increase its share repurchase plan until 2024 to US$50 billion. It is expected to distribute approximately US$30 billion to shareholders in 2022 through repurchases and dividends.
9. Hundreds of employees of Intel (INTC.O) in California will be laid off next month, and the company has also begun encouraging employees in the global manufacturing sector to take unpaid leave.
10. According to reports, Alphabet (GOOGL.O), Oracle (ORCL.N), Amazon (AMZN.O), and Microsoft (MSFT.O) have obtained a US Department of Defense joint contract worth 9 billion US dollars.
11. Bankers who promised to help finance Musk's acquisition of Twitter are reportedly considering security loans from Tesla (TSLA.O) to reduce Twitter's debt risk.
12. NIO Auto (NIO.N) announced that NIO Day 2022 will be officially held on December 24 at the Hefei Binhu International Convention and Exhibition Center.
13. NetEase (NTES.O) and China Construction Eighth Bureau reached a strategic cooperation to jointly develop various construction machinery robots.
14. The Swiss pharmaceutical company Roche Elecsys Alzheimer's test kit, a competitor of BIIB.O (BIIB.O), was approved for marketing by the US FDA.
15. France does not recommend the COVID-19 vaccine from the biological company Valneva (VALN.O) as the first dose.
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