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Real-time News
Bank of America Global Research: Raises its price target for Apple (AAPL.O) to $380.00 from $330.00.On May 26th, Lu Weibing, President of Xiaomi Group, systematically elaborated on Xiaomis AI strategy during the Q1 earnings call. He clearly stated that Xiaomis major direction for the next five years is to use AI to reconstruct the entire ecosystem of people, cars, and homes, and actively promote AI from the virtual world to the physical world. Lu Weibing also introduced Xiaomis multi-layered AI layout. The first layer is the basic large-scale model, the second layer is applying the large-scale model to embodied intelligence and intelligent driving, and the third layer is promoting the large-scale model to applications. Lu Weibing stated that by empowering the entire ecosystem of people, cars, and homes with AI, Xiaomis business model and competitive advantage will reach a new level in the next five years.Xiaomi Group will hold an earnings call in ten minutes.On May 26, 2026, Zhu Hexin, Vice Governor of the Peoples Bank of China and Director of the State Administration of Foreign Exchange, met with De Gallo, Governor of the Bank of France, on May 25. The two sides exchanged views on the international economic and financial situation and deepening Sino-French cooperation in the financial field. Li Bin, Deputy Director of the State Administration of Foreign Exchange, accompanied the meeting.Ukrainian President Volodymyr Zelenskyy met with Belarusian opposition leader Svetlana Tsikhanovskaya.
