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On December 20th, at the Moore Threads 2025 MUSA Developer Conference, in addition to the new "Huagang" architecture and the Huashan chip, Moore Threads also unveiled its Lushan graphics chip. Lushan is a high-performance graphics rendering chip built on the Huagang architecture, promising a 15x improvement in AAA game rendering, a 50x improvement in ray tracing performance, an 8x improvement in atomic memory access performance, and a 4x improvement in video memory capacity. AI rendering performance is improved by 64x, geometry processing performance by 16x, and texture fill performance by 4x. Besides supporting gaming, it also supports rendering for all CAD, CAE, and other graphic design applications.According to Business Insider, Google has warned some visa holders against leaving the United States, as their return home could face “significant” delays of up to a year.On December 20th, an official from the National Development and Reform Commission answered reporters questions regarding the "Rules on Pricing Behavior of Internet Platforms," outlining the next steps for ensuring its implementation: First, conduct policy dissemination. Focusing on regulating price competition in the platform economy and protecting the legitimate rights and interests of consumers and platform operators, conduct in-depth policy dissemination to remind operators to operate legally and compliantly. Second, promote industry self-regulation. Give full play to the role of industry associations and chambers of commerce, encouraging relevant operators to take the lead in complying with regulatory requirements and consciously regulate their pricing behavior. Third, strengthen monitoring and evaluation. Closely monitor price competition in the platform economy, track and evaluate the implementation of the "Rules on Pricing Behavior," and promptly identify any problems. Fourth, strengthen regulatory enforcement. Implement the regulatory measures proposed in the "Rules on Pricing Behavior," investigate and punish price violations according to law, and maintain a fair and competitive market environment.On December 20th, the "Rules on Pricing Behavior of Internet Platforms" were issued. The rules stipulate that platform operators and operators within the platform shall indicate the promotional price or price promotion rules in a manner that is easy for consumers to understand, and comply with the following provisions: (1) Publicly display the promotional rules, activity period, scope of application, etc. in a prominent position on the page; (2) Accurately indicate the discount or price reduction basis; (3) If the price is offset by points, gift certificates, vouchers, coupons, prepayments, etc., the specific calculation method shall be clearly indicated.On December 20th, the "Rules on Price Behavior of Internet Platforms" were issued. The rules stipulate that platform operators and operators within the platform shall not violate Article 14, Paragraph 3 of the "Price Law of the Peoples Republic of China" by using the following means to fabricate and disseminate information about price increases, drive up prices, and promote excessive price increases of commodities: (1) fabricating and disseminating information about supply shortages or a surge in market demand; (2) fabricating and disseminating information about other operators having already raised or preparing to raise prices; (3) disseminating information containing deceptive or misleading language to inflate price expectations; (4) failing to sell commodities to external parties in a timely manner without justifiable reasons, exceeding the normal storage quantity or storage period, hoarding large quantities of commodities with tight market supply or abnormal price fluctuations, and continuing to hoard after being warned; (5) forcing customers to purchase additional goods, thereby indirectly and significantly increasing commodity prices; (6) using other means to drive up prices and promote excessively rapid and excessive price increases of commodities.

S&P 500 Drops 2.5% As Powell Says It Is Premature To Pause Rate Hikes

Alice Wang

Nov 03, 2022 15:54

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S&P 500 Declines While Powell Remains Bullish

As a result of Powell's remarks during the press conference, the S&P 500 came under intense pressure and pushed towards the 3760 level. The Nasdaq Composite fell by 3.36 percent.


According to expert opinion, the Fed increased the interest rate by 75 basis points today. The first response to the FOMC statement was favorable since the Fed said that it will consider the delays between monetary policy's effects on inflation and economic activity. This speech was seen by traders as an indication that the Fed would proceed carefully after hiking rates rapidly.


Powell's remarks, though, suggested that the Fed was still leaning hawkish. It would be quite rash to stop raising rates, according to the Fed Chair. The Fed will maintain its path until the task was completed, he further assured.


Powell said that since the Fed has the means to significantly bolster the economy, over-tightening would not be a major issue. Increasing interest rates too much, however, might result in inflation that becomes entrenched and damage the economy. The prospects of a gentle landing have decreased, according to the Fed Chair.


It should come as no surprise that these remarks placed a lot of pressure on the stock market. Companies like Apple, Microsoft, Alphabet, Amazon, and Tesla, which were down by 3-5% in today's trading session, were among the stocks that led the sell-off.


Traders focused on the Qualcomm report after the market closing. The company's $11.4 billion in sales and $3.13 per share in adjusted profits were much in line with analyst expectations. In its revised forecast, the business now projects first-quarter fiscal year 2023 sales of $9.2 billion to $10 billion and adjusted profits of $2.25 to $2.45 per share. The market did not appreciate the revised outlook, and the stock fell more than 5% in after-hours trading.