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JPMorgan Chase raised its price target for General Motors (GM.N) from $110 to $120.On July 22, the General Office of the Hainan Provincial Peoples Government recently issued the "Hainan Provinces 15th Five-Year Plan for Service Industry Development," which proposes to solidly advance the comprehensive pilot program for expanding the opening-up of the service industry. The plan includes: improving the data transaction and security system in the telecommunications service sector; relaxing restrictions on institutional cooperation and import restrictions on rare disease drugs in the medical and health care sector; deepening the Qualified Foreign Limited Partner (QFLP) pilot program in the financial sector and developing green finance and offshore trade; optimizing cross-border e-commerce and international consumption facilities in the commerce, trade, culture, and tourism sector; opening up green channels for cross-border freight and exploring new multimodal transport models in the transportation sector; promoting the deep integration of manufacturing and service industries and cultivating emerging industrial chains such as commercial aerospace and intelligent connected vehicles; optimizing foreign exchange management for foreign investment, simplifying port procedures, and relaxing restrictions on the practice and residence of foreign talent; improving industry standards in key areas such as data and transportation, and promoting mutual recognition and alignment of international standards.July 22 - According to the Zhejiang Provincial Bureau of Statistics, based on the unified accounting results for regional GDP, the provinces GDP in the first half of the year reached 4,793.7 billion yuan, a year-on-year increase of 5.7% at constant prices. By industry, the added value of the primary industry was 112.9 billion yuan, an increase of 4.4%; the added value of the secondary industry was 1,813 billion yuan, an increase of 6.2%; and the added value of the tertiary industry was 2,867.8 billion yuan, an increase of 5.5%.On July 22, the General Office of the Hainan Provincial Peoples Government recently issued the "Hainan Provinces 15th Five-Year Plan for Service Industry Development," which proposes to develop commercial aerospace technology services. Relying on the international satellite data trading service platform, the second phase of the intelligent launch service system for commercial aerospace launch sites, the third-party intelligent testing service center for low-orbit satellites, and the remote sensing and mapping application service capability enhancement project, the plan aims to promote the extension of commercial aerospace from hardware manufacturing to high-value-added operational services, thereby enhancing Hainans service capabilities in the international aerospace and telemetry support fields.On July 22, Sun Meijun, Director of the General Administration of Customs, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, the customs will promote greater coordination between imports and exports, sign more trade cooperation documents, expand the import and source countries of advanced technology and equipment, key components, energy resources, and high-quality agricultural products, facilitate the export of high-quality goods from around the world to China, share the opportunities of Chinas large market, and provide Chinese consumers with more diversified choices.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.