China Fund News Taylor
Brothers and sisters, please read some new news tonight.
Liu Qiangdong said poor performance and no struggle are not brothers
According to Phoenix Technology, Liu Qiangdong said frankly at the executive meeting on May 24:“ My brother is not the person who has a bad long-term performance and never works hard. ”
In addition, according to multiple sources, JD Retail started to check attendance strictly this week and adjusted the lunch break rules. The new regulations require that the number of work stations be counted at 9:00 every morning. If the shuttle bus is late, a certificate shall be submitted. In addition, the company is strictly prohibited from punching cards on behalf of others and will seriously deal with relevant personnel once found.
It is reported that JD's management has reflected on the company's management mistakes in the past few years, and admitted that JD Group's system has "big enterprise disease", and serious problems have occurred in management, especially in the struggle there is great slack.
On May 16, JD released its first quarterly report of 2024. JD Group achieved a total revenue of 260 billion yuan, up 7.0% year on year. Under non US general accounting standards, its net profit was 8.9 billion yuan, up 17.2% year on year.
US stocks
Tonight's US stock market recovered from the plunge of the last trading day. The Dow rebounded after its biggest one-day decline in more than a year, and the Nasdaq rose more than 1%!
After the strong economic and labor data released this week, Goldman Sachs postponed the forecast of the first interest rate cut by the Federal Reserve from July to September. David Mericle, an economist at Goldman Sachs, wrote: "By September, the inflation situation in the United States may have improved greatly, but it will not be perfect, and the speed compared with the same period last year will make it an uncertain decision to cut interest rates."
The strategists of Deutsche Bank believe that even if the Federal Reserve does not cut interest rates this year, the S&P 500 index can continue to soar and hit a record high again. Binky Chadha, the chief US equity and global strategist of the bank, said in an interview that as long as the economy and corporate profits are growing, the stock market can remain strong even in the face of higher interest rates for a longer time. Chadha last week raised the year-end forecast of S&P 500 points to 5500 points.
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