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The USD/JPY pair touched down to 162, a drop of 0.11% on the day.
2026-07-16
The USD/JPY pair touched down to 162, a drop of 0.11% on the day.
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2026-07-16
CLSA cuts its Baidu (BIDU.O) US target to $150 from $176 and keeps an OUTPERFORM rating. The bank forecasts 2Q26 core revenue down 4.2% YoY to RMB25.1bn, with search marketing revenue falling about 22% YoY. AI cloud infrastructure revenue is seen up
CLSA cuts its Baidu (BIDU.O) US target to $150 from $176 and keeps an OUTPERFORM rating. The bank forecasts 2Q26 core revenue down 4.2% YoY to RMB25.1bn, with search marketing revenue falling about 22% YoY. AI cloud infrastructure revenue is seen up 56% YoY to RMB7.6bn and subscription revenue growth accelerating further from 184% YoY in 1Q. CLSA forecasts adjusted EBIT for the quarter down 14% YoY to RMB3.8bn, implying an adjusted EBIT margin of roughly 15%, citing a decline in high-margin online marketing revenue and higher model-training investment. It warns that a bumpy AI transition, weak model competitiveness and a cloud business lacking MaaS and application revenue could further pressure search and cloud monetization. CLSA trims its 2026 and 2027 adjusted net profit estimates by 24% and 18%, respectively.
2026-07-15
Federal Reserve's Williams: The risk of energy price inflation has eased.
Federal Reserve's Williams: The risk of energy price inflation has eased.
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