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XPeng Motors: XPeng Charging added 53 supercharging stations in the first and second weeks of 2026, including 5 S5 super-fast charging stations, 37 S4 super-fast charging stations, 10 super-fast charging stations, and 1 supercharging station.On January 17th, it was reported that the United States is about to formally withdraw from the World Health Organization (WHO), but has yet to pay its outstanding dues. On the 16th local time, WHO spokesperson Lindmeier stated that the US has the right to withdraw from the organization, but only if it pays its outstanding dues. Lindmeier stated that this matter is on the agenda of the upcoming WHO Executive Board meeting, and the WHO Secretariat will take appropriate action based on the Executive Boards recommendations. Lindmeier stated that the US has not yet paid its dues for 2024 and 2025. According to the WHO budget, the total amount of dues owed by the US for 2024 and 2025 is approximately $260 million. US President Trump signed an executive order on January 20th last year announcing the US withdrawal from the WHO. According to the WHO charter, a member state can only formally withdraw one year after submitting a withdrawal application.On January 17, a U.S. federal judge issued a restrictive order on the actions of U.S. Immigration and Customs Enforcement (ICE) in Minneapolis, Minnesota, after protesters accused the agency of widespread abuse of force and violations of constitutional rights. U.S. District Judge Kathleen issued a temporary restraining order restricting ICE personnel from deploying chemical irritants into crowds and explicitly prohibiting retaliatory action by law enforcement officers against protesters exercising their freedom of speech.1. According to the Financial Times: Nvidia suppliers have suspended production of key components for the H200 chip. 2. Nvidia corrected errors in its technical paper, significantly reducing its copper usage in data centers. 3. The Ministry of Commerce confirmed that Canada will reduce tariffs on Chinese electric vehicles within the quota to 6.1%, and will no longer impose a 100% surcharge. 4. my countrys research on liquid metal flexible electronics manufacturing has made progress, showing application prospects in aerospace intelligent systems and other fields. 5. Under the pressure of rising storage prices, Xiaomi, OPPO, vivo, and Transsion have reportedly lowered their 2026 full-year smartphone shipment forecasts. 6. WeRides global Robotaxi fleet has exceeded 1,000 vehicles, achieving fully unmanned operation in Guangzhou and Beijing. 7. my countrys research on liquid metal flexible electronics manufacturing has made progress, showing application prospects in aerospace intelligent systems and other fields. 8. The static ignition test of the Long March 12B carrier rocket was a complete success: reusable, with a 20-ton-class low-Earth orbit carrying capacity. 9. According to sources, Ford Motor Company is in talks with BYD to supply batteries for its overseas factories hybrid vehicles. 10. The US government is pushing tech giants to pay for electricity used by AI, allowing tech companies to bid for 15-year power generation contracts for new power plants.1. Russia claims all foreign troops within Ukraine are considered legitimate targets. 2. Zelensky: Ukraines air defense missile stockpile is critically low. 3. Zelensky: The Ukrainian delegation will meet with US representatives in the US soon. 4. Ukraine and the US will hold a new round of talks in Miami this weekend. 5. Zelensky: If an agreement is reached, the documents can be signed in Davos. 6. French President Macron calls for an increase of €36 billion in military spending by 2030. 7. Kremlin: Russia is in dialogue with the US, but not with Europeans. Russia is looking forward to Kushner and Witkov visiting Moscow, but a specific date has not yet been set.

S&P 500 Rebounds From Session Lows As Energy Stocks Rally

Jimmy Khan

Nov 04, 2022 16:57

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As major tech companies hit new lows, the NASDAQ Composite seeks to settle below the 10,700 mark.

Big Tech Stocks Continue to Be Under Stress

As traders responded to the ISM Non-Manufacturing PMI data, which fell short of analyst forecasts, the S&P 500 recovered from session lows.


Energy stocks took the lead in the recovery from session lows today due to robust support. In today's trading session, ConocoPhillips, APA Corporation, and Marathon Oil all saw gains of 6–7%.


ConocoPhillips had significant price appreciation after exceeding analyst expectations, boosting the dividend, and expanding its share repurchase program by $20 billion.


Despite missing analyst profit expectations, Etsy increased by 14%. The firm gave a positive prognosis for the last quarter of this year, which caused the stock to rise.


Booking increased by 5% with the release of the $6.05 billion in sales and the higher-than-expected adjusted profits of $53.03 per share.


Fidelity National Information Services, which was down 25% following the publication of its quarterly report, was under a lot of pressure due to weak guidance.


Leading tech companies including Apple, Alphabet, and Amazon had declines of 2% to 3%. Meta Platforms, meanwhile, tested fresh lows at $88.50.


If the mega cap companies continue to experience pressure, the whole market will not be able to develop a sustained upward trend. Traders are nonetheless concerned that rising interest rates may harm the bottom lines of powerful corporations.


While the IT industry leaders seemed unstoppable during the coronavirus crisis, their stocks were under a lot of pressure from rising interest rates, a stronger currency, and a slowing global economy. Traders should continue to watch the large tech stocks' movements for hints regarding the S&P 500's future course.