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Real-time News
Fox News reporter Chad Pergram: The U.S. Senate reconvened today. But it remains unclear when senators will be able to agree on passing a temporary spending bill.On November 10th, Pansen Macro analyst Melanie Debono stated in a report that the Swiss economy may contract in the third quarter due to rising US tariffs and unemployment. The Swiss economy slowed significantly in the second quarter as the boost from pre-tariff exports faded. Debono indicated that even if the drag from net trade is smaller in the third quarter, it could still push the country into recession in the second half of the year. Switzerland was hit by a 39% tariff in August, affecting approximately 40% of its goods exports to the US. With the unemployment rate rising to 2.9% in October, consumer spending may stagnate in the third quarter. However, Debono believes that a short-lived, shallow recession is unlikely to prompt the Swiss National Bank to cut interest rates in December.On November 10th, it was reported that CoreWeaves stock price plummeted 22% last week. Now, investors will be closely watching CoreWeaves performance as the market grows increasingly concerned about the high spending by companies like Meta and Microsoft (MSFT.O), and the cyclical nature of the many AI deals centered around OpenAI announced in recent weeks. CoreWeave derives the majority of its sales from Meta, Microsoft, and Alphabet. Roundhill Financial CEO Dave Mazza said, "Investors are becoming more sensitive to the balance between growth and spending. Doubling revenue is great, but if capital expenditures climb even faster, that arithmetic cant last forever." CoreWeave already faces questions about the cyclicality of its business arrangements, its debt burden, and its reliance on a few large customers. The company expects revenue of nearly $1.3 billion this quarter, more than double the figure from the same period last year, and an adjusted loss of 36 cents per share, compared to a loss of 53 cents per share in the second quarter, attributed to its rising capital expenditures.On November 10th, the State Administration for Market Regulation issued a "Compliance Guidelines for Online Sales Promotions During the Double Eleven Shopping Festival" to major e-commerce platforms. The guidelines aim to regulate promotional practices, maintain order in online transactions during the "Double Eleven" period, and protect consumers legitimate rights and interests. The guidelines cover six main aspects: Strictly regulating promotional practices, prohibiting illegal practices such as "choose one of two" and "price discrimination based on big data"; ensuring clear and transparent promotional rules, specifying usage conditions, refund and cancellation procedures, and validity periods for key aspects such as discounts, coupons, pre-sales, and price guarantees, thereby enhancing the transparency of promotional activities; strictly regulating pricing practices, fully respecting merchants autonomy in business operations, and strictly prohibiting the use of service agreements, transaction rules, and technical means to unreasonably restrict or impose unreasonable conditions on merchants pricing; prohibiting raising prices before offering discounts and false price comparisons; and strictly implementing all requirements of the "Guidelines for Compliance of Fee Collection by Online Transaction Platforms" to regulate fee collection practices.A spokesperson for the German Ministry of Economic Affairs said: (Regarding Nexperia) We must continue to closely monitor the chip situation.
