To The Moon

SummaryNIO remains fundamentally weak with persistent unprofitability, deteriorating net income, and a shrinking cash position, leading to a Strong Sell rating.Intensifying competition from legacy aut

On December 23, 2024, the Hong Kong stock market opened higher. The Hang Seng Index rose 0.62%, the Hang Seng Technology Index rose 0.84%.In terms of industry concepts, the education sector, semiconductor sector, oil stocks, and traditional Chinese medicine stocks showed mixed performance.Among individual stocks, ZTE rose 3.21%; Nio rose 2.3%; SMIC rose 1.8%; Meituan rose 1.6%; JD.com rose 1.5%; XPeng-W rose 1.13%; Xiaomi-W rose 1.11%; Tencent rose 1%.

Citigroup reported second-quarter earnings and revenue that topped expectations.Here’s how the company fared in the quarter compared to what analysts polled by Refinitiv expected from the banking giant.Earnings per share: $1.33 vs. $1.30Revenue: $19.44 billion vs. $19.29 billion“Amid a challenging macroeconomic backdrop, we continued to see the benefits of our diversified business model and strong balance sheet,” CEO Jane Fraser said in a statement.While beating Street estimates, Citi’s revenue

First Republic Bank rose over 25%; PacWest rose 9%; Western Alliance rose over 6%; U.S. Bancorp rose

The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressi

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