Well that was a nice reversal for the major US indices as they started on the low trapping the bears and gained strength as the day progresses. Result: Nice daily green candles all round. Volume is low though. Will we get a follow through day? Day 4-7 after a rally off the lows is when that usually happens. Go bulls go!
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NVDA teams up with six tech giants to mobilize RMB 500bn for AI infra; PDD rolls out 'arrives as soon as tomorrow' entry | Daily News Recap
0811 Dolphin Focus: 🐬 Macro/Industry 1. Douyin Life Services made Doubao an exclusive hospitality & travel transaction channel effective 00:00 on Aug 10. Hotel orders incur an 11.4% software service fee plus a 0.6% payment processing fee, for a 12% all-in take rate. Previously, Doubao traffic was categorized under Douyin’s organic channel with an 8% blended rate.
Doubao stated there are no paid hotel ads or paid ranking mechanisms, and merchants cannot pay to influence recommendation order.The channel leverages AI search to drive incremental traffic. We will monitor whether the added order volume offsets merchants’ higher channel costs...Today’s Key News Recap