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Baidu Newsroom
What Makes Baidu (BIDU) a Top Pick for Asian Hedge Funds in the AI Race?
A deep restoration of the extreme crisis: Baidu and Geely paid several hundred million yuan in aftermath costs. Why has it always been the investors who contribute and bear the costs?
According to a report from Sina Technology by Zhou Wenmeng, the aftermath handling plan for Jiyue employees has finally been arranged. On December 19, a photo of the aftermath plan document for Jiyue employees was leaked. The document shows that Jiyue will provide departing employees with an 'N+1' economic compensation, and social insurance and provident funds will also be paid until December 2024. Additionally, a regulatory co-management Account will be established under the guidance and witness of relevant government departments to pay related expenses, with the funding provided by Baidu and Geely. Sina Technology learned from multiple insiders at Baidu and Jiyue that as of now, the funding paid to Jiyue by investors Baidu and Geely has reached several.
Baidu-Geely JV Reportedly Discloses Layoff Package After Clashes With Employees
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
Top Gap Ups and Downs on Thursday: ACN, MU, VRTX and More
Overnight news: Crude Oil in the USA fell on Thursday. Trump supports the latest government spending plan from the House Republicans. Nike's revenue in the second quarter decreased by 7.7% year-on-year.
For more global financial News, please visit 7×24 hours real-time financial news. Market close: After ten consecutive declines, the Dow experienced a slight rebound. The Nasdaq and S&P 500 both fell for three consecutive days. On December 19, the top 20 trading volumes of US stocks: Micron's performance fell far below expectations, causing its stock to plummet by 16%. On Thursday, China Concept Stocks had mixed results; Li Auto rose by 2.6%, while Baidu fell by 3.1%. US WTI Crude Oil dropped on Thursday as the bleak economic outlook exacerbated concerns over supply surplus. International Precious Metals Futures generally closed lower, with COMEX Gold Futures falling by 1.63%. Major European stock indices collectively closed down, with the German DAX30 Index declining by 1.39%.
Baidu Shares Dip on Apple's AI Talks in China
Hong Kong market overview on the 19th: The Hong Kong Index fell back by 0.6%, with Baidu dropping by 4.2%.
On the 19th, the Hong Kong market saw a decline with the Hang Seng Index, composed of 83 major stocks, falling by 112.04 points (0.56%) to 19,752.51 points, and the Mainland China Enterprises Index (formerly H-Share Index), composed of mainland companies, dropping by 28.66 points (0.40%) to 7,152.13 points. Trading volume expanded to 142.8 billion 69.6 million Hong Kong dollars (previously on the 18th it was 107.5 billion 41.1 million Hong Kong dollars). The trend indicates a stronger cautious stance among investors. The U.S. Federal Open Market Committee (
Express News | Apple in Talks With Tencent, Bytedance to Integrate Their AI Features Into Iphones Sold in China-Sources
Baidu (BIDU) Joins China's AI Standardization Committee to Lead AI Innovation
Market Chatter: Baidu to Register Micro Drama Trademark
Express News | OpenAI Brings Its Most Powerful Model, o1, to Third-Party Developers
Before the Federal Reserve's decision, the rally of U.S. stocks faltered, the Nasdaq said goodbye to record highs, the Dow fell for nine consecutive days, Broadcom dropped over 4%, Chinese concept stocks rebounded against the trend, and Bitcoin reached a
The Dow Jones has seen its first nine consecutive declines since 1978; NVIDIA has seen four consecutive declines, while Tesla has risen over 3% against the trend, hitting new highs for three consecutive days. Chinese concept stocks rebounded nearly 2%, with PDD Holdings rising nearly 3% and Bilibili increasing over 4%. Salaries in the United Kingdom have grown faster than expected, with two-year UK bond yields rising 10 basis points in one day. The USD has rebounded; the Canadian dollar has hit a more than four-year low since the pandemic; Bitcoin surged over $0.108 million during trading, hitting a new historical high for two consecutive days. Crude Oil Product has fallen for two consecutive days, with US oil dropping more than 2% at one point; Gold has hit a new low for the week.
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
Former Google CEO Eric Schmidt Calls for 'Unplugging' AI Systems When They Reach Certain Capability
Baidu and Geely Give No Sign of Investing Further in EV Joint Venture
Ex-Google CEO Eric Schmidt Sees AI Drones As The Future Of Warfare But Stresses Need For 'Meaningful Human Control'
Market Chatter: China Pushes for AI Standardization Amid Intensifying Global Sector Competition
Global EVs & Hybrids Sales Rose 32% YoY In November Partially Due To Sustainability Concern
New Stock Preview | After three years of unsuccessful attempts to enter A-shares, will Zhuoyue Ruixin, backed by Sina and Baidu, fulfill its capital dream by moving south?
After three years of failure to enter the A-share market, Zhuoyue Ruixin, supported by Sina and Baidu, is continuing to shift its focus to the Hong Kong stock market...