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[Plus Daily Special Report] US inflation unexpectedly lower than expected, but the Fed Chair refuses to be held hostage by data; Changxin Technology's IPO price announced, how much room for imagination does the IPO have? New York State becomes the fi

2026-07-14

[Plus Daily Special Report] US inflation unexpectedly lower than expected, but the Fed Chair refuses to be held hostage by data; Changxin Technology's IPO price announced, how much room for imagination does the IPO have? New York State becomes the first state to halt super-data centers; TSMC announces revenue...

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2026-07-14

Morgan Stanley cut Baidu (09888.HK) target price to $130 from $140 and maintained an "in line with market" rating. MS expects Baidu 2Q26 core revenue to decline 4% YoY to RMB25.3bn; AI cloud infrastructure revenue is forecast to rise 56% YoY to RMB7.

Morgan Stanley cut Baidu (09888.HK) target price to $130 from $140 and maintained an "in line with market" rating. MS expects Baidu 2Q26 core revenue to decline 4% YoY to RMB25.3bn; AI cloud infrastructure revenue is forecast to rise 56% YoY to RMB7.6bn, partly offsetting an 18.5% drop in advertising revenue. The bank trimmed 2026–27 core revenue forecasts by ~3% and lowered operating profit estimates by 11–12%, citing higher AI investment.
2026-07-14

US President Trump: The United States has won again, and in a way that has never been before.

US President Trump: The United States has won again, and in a way that has never been before.
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