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On May 9, Ibrahim Manzo Diallo, president of the Niger National Communications Observatory, announced on May 8 that the country would suspend the broadcasting of approximately 10 French media outlets, citing their repeated dissemination of content that "may seriously endanger public order, national unity, social cohesion, and the stability of the republics institutions."On May 9, the Beijing Securities Regulatory Bureau disclosed an administrative penalty decision, in which Feng Pengpeng and Ban Keke were punished for fabricating and disseminating false information involving chip orders of listed companies, thereby disrupting the securities market. Their illegal gains were confiscated, and they were fined 200,000 yuan and 250,000 yuan respectively.May 9th - Data released today by the General Administration of Customs shows that in the first four months of this year, my countrys total import and export value of goods reached 16.23 trillion yuan, a year-on-year increase of 14.9%, continuing its strong growth momentum. In the first four months, my countrys exports of electromechanical products reached 5.92 trillion yuan, an increase of 17.6%, accounting for 63.5% of my countrys total exports. Among them, exports of green and low-carbon products such as electric vehicles, lithium batteries, and wind turbine generators increased by 68.1%, 43.2%, and 40.7% respectively, while exports of industrial robots increased by 30%.On May 9th, Ant Financial released its trillion-level flagship thinking model, Ring-2.6-1T, designed specifically for complex real-world tasks. The model innovatively introduces an adjustable Reasoning Effort mechanism, supporting two levels of inference intensity: high and xhigh. In real-world task execution benchmarks, it scored 87.6 on PinchBench, outperforming GPT-5.4x High, Gemini-3.1-Pro high, and Claude-Opus-4.7x high. In challenging inference tasks, ARC-agi-V2 scored 77.78, placing it on par with Gemini-3.1-Pro high and Claude-Opus-4.7x high.On May 9th, at the 2nd Aerospace Information Technology Conference, the Aerospace Information Innovation Research Institute of the Chinese Academy of Sciences, together with over a hundred research institutes and universities, proposed jointly building a "Space Cloud" ecosystem and promoting the formation of a "Space Cloud" space-based information service system. The "Space Cloud" is expected to play a significant role in multiple fields such as emergency response and disaster reduction, public services, and emerging industries, enhancing the intelligent and systematic comprehensive application efficiency of space-based resources.

Will Q3 Earnings Help Stock Bulls?

Alice Wang

Oct 25, 2022 16:08


Q3 Results

The third quarter's earnings have so far exceeded many Wall Street forecasts. The S&P 500 has only reported from roughly 7% of its businesses, and bears are eager to point out that the earnings "beating" that have been produced so far have been against expectations that were much lower than they had been.


Bears also point out that the Energy sector, whose profits growth is predicted to be close to +120%, will account for the majority of Q3 earnings growth. With the exception of the Energy sector, the S&P 500 index's Q3 profits are anticipated to be -5.7% lower than they were in the prior year, with 7 of the index's 11 sectors forecast to have negative year-over-year earnings growth.


Exxon and Chevron, two major oil companies, will release earnings reports on Friday.


The Technology sector is at the opposite end of the spectrum, where profits are anticipated to decline by more than -14% in Q3 and more than -9% in Q4 2022.


This week, the biggest tech companies in the world all release earnings reports: Alphabet and Microsoft on Tuesday, Meta on Wednesday, Apple and Amazon on Thursday.


Alphabet's stock is down more than 25% year to date, while Microsoft is down close to 30%, Meta is down close to 40%, Apple is down close to -19%, and Amazon is down more than 30%.


Analysts appear to believe that companies that rely on advertising would suffer the most, while cloud computing is predicted to continue growing, although more slowly.


Investors are also interested in learning how different IT businesses may be impacted by US government sanctions against China. Today's results will be highlighted by HSBC and Discover Financial Services.

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