Employees hide $154 million in accounts. Macy's said that internal control was ineffective. On Thursday, Macy's said that a reassessment of its financial situation showed that as of February this year, the internal control (including proper record maintenance) of the chain department store was not effective. The retailer launched an evaluation at the end of November after discovering that an employee had concealed as much as $154 million in expenses for many years. Therefore, the company postponed the release of the third quarter earnings report until December 11th. Macy's said that under the supervision of the board of directors, Tony Spring, its CEO, and Adrian Mitchell, its chief financial officer, re-evaluated the effectiveness of internal control, and pointed out that its financial report was not effective as of February 3 due to major defects. The department store chain said that it is implementing changes to improve internal control and make up for major defects.Guotai Junan: It is expected that the lithium price will fluctuate in the bottom range in 2025, and there is a strong opportunity and space for rebound. Guotai Junan Securities recently reported that the lithium price has entered the bottom range by the end of 2024. If the demand maintains the current neutral estimate in 2025, the lithium price will fluctuate in the bottom range. At present, the market is optimistic about the demand in 2025, and the industry supply has slowed down. It is estimated that the price trend of lithium will fluctuate in the bottom range in 2025, in which the stage is affected by seasonal factors and there is a strong rebound opportunity and space. The market expected the trading of lithium plate earlier, that is, when the commodity price bottomed out, the lithium plate already contained the expectation of industrial clearing. When the industry actually enters the stage of supply and clearing, the sector will trade commodity price reversal expectations. From this, we infer that the rise of lithium plate will start before the spot price reverses.The Central Meteorological Observatory continued to issue the gale blue warning at 06: 00 on December 13th. It is estimated that there will be 5 winds and gusts of 6-8 in parts of central and eastern Inner Mongolia, northwestern Shanxi, northern Hebei, central Henan and southwestern Shandong from 08: 00 on December 13th to 08: 00 on December 14th. Most of the Yellow Sea, most of the East China Sea, Taiwan Province Strait, east of Taiwan Province, bashi channel, northern and central South China Sea, and Beibu Gulf will have strong winds of 7-8 grades and gusts of 9 grades.
Market News: New Zealand has put forward the reason to the United States that it hopes not to introduce new tariffs during Trump's administration.At the end of new york on Thursday (December 12th), the main contract of CME Bitcoin futures BTC was reported at $100,000, down 1.90% from the end of new york on Wednesday. The main contract of CME ethereum futures DCR was reported at $3,888.50, up 0.52% from Wednesday.Xie Feng, Ambassador of China to the United States: It is unwise to underestimate China, and it is not true to criticize China, and it will not succeed to contain China. According to the official of the Chinese Embassy in the United States, on December 11, 2024, u.s.-china business council held the 2024 annual celebration dinner in Washington. In his speech, Xie Feng said that China's economic operation is generally stable, progressing steadily, and it is confident to stabilize the market and prevent risks, with high-quality development and vitality, and there is potential for sustained recovery. In the first three quarters of this year, China's GDP increased by 4.8% year-on-year, which not only ranked among the major economies in terms of growth rate, but also increased the "gold content", "new content" and "green content" of economic development, ranking 11th in the global innovation index. As the package of incremental policies continued to show remarkable results, the growth rate of consumption, investment and export in October picked up, the real estate transaction volume rose one after another, the manufacturing purchasing managers' index returned to the boom zone, and the turnover of tens of thousands of brands in the "double 11" shopping festival doubled. Xie Feng emphasized that China's economy has always been growing under the challenges of wind and rain, and it is confident to achieve its economic growth target this year. Next year, it will implement more active macro policies to prevent and resolve risks in key areas and external shocks, and it will remain the biggest engine of world economic growth in the future. The sea can't be stirred, and it always rushes. It is unwise to underestimate China, it is not true to criticize China, and it is even more impossible to contain China.
Apple is reported to cooperate with Broadcom to develop AI chips, and TSMC's advanced process will welcome big orders again. On December 13, it was reported that Apple intends to invest in self-developed AI chips, jointly develop them with Broadcom, and produce them in TSMC's 3 nm process, and mass-produce them in 2026. The legal person is optimistic that after the development of Apple's self-developed AI chip is completed, the investment is expected, and TSMC's advanced process will usher in another big order. It is understood that Apple's current A-series processors for iPhone and M-series processors for Mac all adopt self-developed strategies, and are exclusively manufactured by TSMC. The legal person believes that once Apple's self-developed chips are extended to AI chips, the cooperation with TSMC will be closer. (Taiwan Province Economic Daily)Market information: FTSE Film will increase the output of CMP slurry in Korea by 30%.Many places support housing consumption in the form of issuing housing subsidies. Recently, many places have taken the form of issuing housing subsidies and optimizing housing provident fund policies to support housing consumption and release housing demand. For example, recently, the General Office of the Government of Guangxi Zhuang Autonomous Region issued "Measures for Promoting the Stable and Healthy Development of the Real Estate Market in Guangxi", which mentioned that "optimizing the housing provident fund policy" and "financial subsidies support the reasonable demand for housing purchase". Shanxi Datong, Hubei Xiangyang, Hubei Xianning and other places have also recently launched relevant measures to support residents' rigid and improved housing demand and boost the real estate market. Zhang Bo, dean of 58 Anjuke Research Institute, said in an interview that the role of promoting housing consumption in "stabilizing the property market" is expected to continue to increase, and more policies will be introduced in the future to help stabilize the property market. (Securities Daily)
Strategy guide 12-14
Strategy guide 12-14
Strategy guide
Strategy guide 12-14
Strategy guide