EUR/USD 1.16427
0.077%
Gold 4195.66
0.584%
Oil 59.582
1.770%
USD/JPY 154.491
-0.020%
GBP/USD 1.31462
-0.340%
GBP/JPY 203.101
-0.340%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The UK Maritime Trade Operations Office has received a report of an incident that occurred 20 nautical miles east of Holfaqan, UAE.The Russian Federal Security Service (FSB) thwarted a Ukrainian plot to assassinate a senior Russian government official while he was visiting a cemetery in Moscow.On November 14th, Baidus (09888.HK) Hong Kong-listed shares plunged nearly 10% at one point, marking their biggest drop in seven months. This followed the release of the companys latest AI big data model, Wenxin Model 5.0, which failed to impress investors, dampening market expectations for the company to regain its industry-leading position. With the share price still up over 40% this year, the lack of groundbreaking innovation in this flagship model upgrade has significantly disappointed the market. Industry research analyst Robert Lea noted in a report that while Wenxin 5.0 "possesses several impressive features, it fails to create a sufficient differentiated advantage." He added, "This upgraded AI product line is unlikely to reverse its profit prospects, and the field still faces significant challenges."On November 14th, Morgan Stanley, in its latest "AI Supply Chain Industry" report, pointed out that AI giants such as Nvidia and AMD, and even electric vehicle manufacturer Tesla, are actively vying for 3nm production capacity, causing a shortage of TSMCs 3nm capacity and prompting the company to urgently expand its production. Morgan Stanley predicts that by the end of this year, TSMCs 3nm capacity will increase by an additional 20,000 wafers per month to 110,000-120,000 wafers, exceeding expectations; and by 2026, it will further increase to 140,000-150,000 wafers, causing TSMCs capital expenditure next year to increase from the originally planned US$43 billion to US$48-50 billion.The governor of Saratov Oblast, Russia, said that Ukrainian drone attacks damaged civilian infrastructure.

U.S. SEC advises public companies on disclosing crypto impacts

Jimmy Khan

Dec 09, 2022 15:17

微信截图_20221209093059.png


The U.S. securities regulator on Thursday warned public companies to examine whether they need to disclose to investors any potential impacts from recent market volatility and bankruptcies in the cryptocurrency industry.


In guidance to public companies, the Securities and Exchange Commission (SEC) detailed information that businesses may be required to share with their investors, including whether the firms have any financially material exposures to counterparties that have filed for bankruptcy or become insolvent.


Public companies are already required by law to disclose financially material information to investors, but the SEC frequently issues guidance to firms about how they should address exposure to major events.


Thursday’s guidance comes after months of turmoil in crypto markets and the recent collapse of major crypto firms FTX and BlockFi Inc.


Suggestion