Is it likely that China’s AI efforts will have the same success as China’s EV push? If the answer is a likely affirmative, Baidu will be at the center of it.
Mizuho analyst Maheep Mandloi said the faster phaseout of tax credits was expected but warned that stricter rules on “foreign entities of concern” and a 2026–2028 cut-off pose a greater risk to the sector.
After starting the day on a negative note, pressured by declines in banking and IT stocks, the benchmarks dragged further as the session progressed and ended the day on a weak note.
Urban stock is trading higher Thursday following the company reporting better-than-expected first-quarter fiscal results on Wednesday after the market closed.
The former Treasury Secretary noted that if demand collapses due to uncertainty, a recession is more likely, but financial conditions could improve as the Fed's easing becomes probable.
US existing home sales dropped 0.5% MoM in April (considerably worse than the +2.0% MoM rise expected), dropping to just 4.00MM sales SAAR, with sales down 3.1% from a year earlier on an unadjusted basis
Avalanche (CRYPTO: AVAX) jumped 8.46% to $25.13 Thursday morning, riding a broader cryptocurrency rally fueled by Bitcoin's surge to a record $111,544.
