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Pangdonglai founder Yu Donglai said reports that the company will place new hires on four-year contracts reflect a training programme, not punitive labor policy. He added that employment and labor matters will be handled strictly in in accordance wit

2026-09-14

Pangdonglai founder Yu Donglai said reports that the company will place new hires on four-year contracts reflect a training programme, not punitive labor policy. He added that employment and labor matters will be handled strictly in in accordance with China’s labor law.

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2026-09-14

Spot gold slipped below $4,300/oz, down 1.12% on the day.

Spot gold slipped below $4,300/oz, down 1.12% on the day.
2026-09-14

The 10-year Treasury yield is currently approaching 5%, having risen by more than 20 basis points since September, close to the magnitude of a single Federal Reserve rate hike. Goldman Sachs states that the speed of the rise in Treasury yields is mor

The 10-year Treasury yield is currently approaching 5%, having risen by more than 20 basis points since September, close to the magnitude of a single Federal Reserve rate hike. Goldman Sachs states that the speed of the rise in Treasury yields is more noteworthy than the psychological level itself. The current 10-year Treasury yield has deviated by two standard deviations (2σ) from its three-year level, roughly equivalent to a 50 basis point increase in one month or a 30 basis point increase in two weeks—a type of interest rate shock historically difficult for the stock market to absorb. Based on the provided data, the S&P 500 index could fall by more than 1%, and if real interest rates also rise similarly, the S&P 500's decline could extend to over 4%. (Goldman Sachs report, September 13)
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