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U.S. crude futures settled at $78.95/bbl, down $0.65, or 0.82%.
2026-07-17
U.S. crude futures settled at $78.95/bbl, down $0.65, or 0.82%.
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2026-07-16
乌克兰基辅遭到弹道导弹袭击,传出多声爆炸声。空军警告将有更多导弹来袭。
乌克兰基辅遭到弹道导弹袭击,传出多声爆炸声。空军警告将有更多导弹来袭。
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 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 onli
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.
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