Goldman Sachs: Raise U.S. PCE inflation forecast in December 2024 from 2.5% to 2.6%

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  The specific contents of the cooperation between the two include: based on Nissan\’s intelligent platform, Baidu\’s advantages in generative AI will be used to jointly develop and study the feasibility of future technology development and commercial cooperation in related fields; Nissan\’s Chinese models will be equipped with Baidu AI solutions plan.

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• U.S. CPI fell as expected in April, and expectations for a Fed interest rate cut have picked up!

  U.S. CPI fell as expected in April, and the Fed breathed a sigh of relief! The swap market has raised its expectations for the speed of interest rate cuts by the Federal Reserve during the year… At 20:30 Beijing time on Wednesday, the United States released April CPI data

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• Didi: Taxi-hailing demand will increase by 35% during the May Day holiday and drivers will be rewarded with over 300 million yuan

  Sina Technology News On the afternoon of April 25, during this year’s May Day holiday, Didi predicts that taxi demand will increase by about 35% compared with before the holiday, and taxi demand in third- to fifth-tier cities will increase by 50%. In order to pay tribute to the hard work of the driver masters, Didi will distribute more than 300 million yuan in driver rewards. Didi Chuxing predicts that on May Day this year, taxi demand is expected to increase by approximately 35% compared to before the holiday, with demand for long-distance travel experiencing a prominent increase. Demand for taxis over 100 kilometers is expected to increase by 55%. Driven by multiple off-site trips such as traveling and returning home, going to large transportation hubs such as airports and train stations will become the highest rising demand for cars during the May Day holiday, followed by taxi demand for leisure and entertainment. During the May Day period, the demand for taxi hailing in third- to fifth-tier cities increased most significantly, with an expected increase of about 50%. Weihai, Zibo,…

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• Propose the introduction of a personal bankruptcy law? The State Administration of Financial Supervision has responded

  Source | China Government Network

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• Aditya Birla Sun Life MF Q4 net up 53 per cent

  Aditya Birla Sun Life Asset Management Company has reported 53 per cent increase in the March quarter net profit at ₹208 crore against ₹136 crore logged in the same period last year on the back of sharp jump in asset under management.

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• Sensex crashes 700 pts; Nifty below 22,500; IT stocks drag

  After opening higher on Friday, the benchmark indices declined intra-day. BSE Sensex plunged 760.74 pts or 1.02 per cent at 73,850.37 as of 11.53 am; and Nifty 50 declined 186.35 pts or 0.82 per cent at 22,461.85.

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