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On January 28th, renowned Apple analyst Ming-Chi Kuo predicted that iPhone memory prices are now negotiated quarterly, rather than semi-annually, so iPhone memory prices will rise again in the second quarter of 2026. Currently, the quarter-on-quarter price increase in the second quarter is expected to be similar to that of the first quarter. Apples current pricing strategy for the new iPhone 18 in the second half of 2026 is to "avoid price increases as much as possible," at least keeping the starting price unchanged, which is beneficial for marketing and promotion. Apple has realized that after memory and T-glass, other components may also be affected by the AI server industry and experience supply shortages.January 28th - Analyst Win Thin stated, "The Trump administration is taking well-considered risks. While currency devaluation is beneficial, the consequences could be dire if the situation spirals out of control. The foreign exchange market typically best reflects market concerns about a countrys policies and economic prospects, so the weakness of the US dollar deserves close attention. The yen should rebound as it attempts to recover the 150 level. Given the divergence in expected monetary policy this year, the currency pair should trade lower, as we anticipate a 50 basis point rate hike by the Bank of Japan and a 75-100 basis point rate cut by the Federal Reserve."SK Innovations reported fourth-quarter revenue of 19.7 trillion won, exceeding market expectations of 19.9 trillion won. The company reported a net loss of 4.2 trillion won for the quarter.On January 28, Cao Cao Mobility (02643.HK) announced that on January 28, 2026, the company entered into a placing agreement with the joint placing agents to place up to 12,000,000 placing shares to no fewer than six placees at a placing price of HK$32.46 per placing share (a discount of nearly 9%). These placees and their ultimate beneficial owners must be independent third parties. The gross proceeds from the placing are expected to be approximately HK$389 million, with approximately 67.7% of the net proceeds to be used for the development of the Groups domestic and international Robotaxi business.Bank of Japan meeting minutes: One member said that with wage growth expected to continue, underlying inflation is likely to gradually accelerate.

U.S. Senate to hold FTX hearing on Dec. 1, CFTC chairman to testify

Cory Russell

Nov 22, 2022 15:35

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The U.S. Senate Agriculture Committee on Thursday said it will hold a hearing on Dec. 1 to examine the sudden collapse of FTX, one of the world’s biggest crypto exchanges.


FTX filed for bankruptcy on Nov. 11, leaving an estimated 1 million customers and other investors facing billions of dollars in total losses. The firm’s failure has created a liquidity crunch that has rippled across the industry and sent the prices of bitcoin and other digital assets plummeting.


Rostin Behnam, the chairman of the Commodity Futures Trading Commission, is the first witness named for the hearing, titled, “Why Congress Needs to Act: Lessons Learned from the FTX Collapse.”


U.S. Senate Agriculture Committee Chair Debbie Stabenow also on Thursday called on Congress to pass the bipartisan Digital Commodities Consumer Protection Act, which she said, “would have prohibited the misconduct and risky behavior undertaken by FTX.”


The U.S. House Financial Services Committee has also said it plans to hold a hearing in December to investigate FTX’s collapse.