Schedule Reminder
Economic data such as the monthly rate of retail sales in the US for November, the monthly rate of industrial output for November, and the monthly commercial inventory rate for October will be released tonight.
IMPORTANT INFORMATION
The Federal Reserve raised the benchmark interest rate by 50 basis points to the 4.25%-4.50% range, which is a new high since 2007; the Federal Reserve also hinted that it will not cut interest rates in 2023.
Individual stock news
According to US Securities and Exchange Commission documents, Tesla (TSLA.O) CEO Musk sold 22 million Tesla shares from December 12 to 14, with a total value of about 3.58 billion US dollars.
Reports say Tesla (TSLA.O) Berlin Gigafactory may start implementing a three-shift system as early as December 16, 2022, and the factory will operate 24 hours a day.
Reports say Ford Motor Company (F.N) and Ningde Era are considering establishing a battery manufacturing plant in Michigan with the aim of obtaining new tax benefits. The two companies say negotiations are continuing, and various models are being discussed.
Citigroup (C.N) announced that it will gradually close its personal banking business in mainland China and will continue to seek a separate sale of individual businesses in the personal banking business in mainland China.
Toyota Motor Corporation (TM.N) will maintain the annual planned global production of 9.2 million vehicles, and the planned global production for January will be 0.7 million vehicles.
Ctrip (TCOM.O)'s third-quarter revenue was 6.897 billion yuan, up 29% year on year, up 72% month on month; net profit was 0.266 billion yuan, turning a year-on-year loss into a profit.
Data from two studies released on Wednesday showed that the Ebola vaccine developed by Johnson & Johnson (JNJ.N) and MSD (MRK.N) produced long-lasting antibodies in children and adults.
Novavax Pharmaceuticals (NVAX.O) will sell up to $0.125 billion of shares in a proposed underwriting public offering, and the net proceeds are expected to be used for general corporate use and other purposes.
Ericsson (ERIC.O) said on Wednesday that it has reached an agreement with the US Department of Justice and the US Securities and Exchange Commission to extend the term of its independent compliance supervisor until June 2024.