China's Services Activity Disappoints in Another Blow to Economy

Bloomberg06-05-2025

China's services activity deteriorated more than expected in April, a private survey showed, the latest setback for an economy already under pressure from US tariffs.
The Caixin China services purchasing managers' index fell to 50.7 from 51.9 the month before, according to a statement from Caixin and S&P Global on Tuesday. The median forecast of economists surveyed by Bloomberg was 51.8. Any reading above 50 suggests expansion.

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Tesla's (TSLA) Full Self-Driving Could Expand in China Due to New Data Export Rules

Business Insider

36 minutes ago

Business Insider

Tesla's (TSLA) Full Self-Driving Could Expand in China Due to New Data Export Rules

China has released draft guidelines that could help EV maker Tesla (TSLA) expand its advanced driver-assistance features in the country, according to a Bloomberg report on Friday. For the first time, Beijing has provided clear rules on how data generated in China, including from driver-assistance systems and product development, can be accessed, used, and exported. This is an important step for companies like Tesla, which need to send data abroad in order to improve their systems. Confident Investing Starts Here: The proposed guidelines were published by China's Ministry of Industry and Information Technology, along with seven other government agencies, and are now open for public comment. The framework covers key types of information, such as autonomous driving algorithms, training images, operational data, and vehicle-to-road perception data. These are all critical for developing and improving advanced driver-assistance technologies like Tesla's Full Self-Driving (FSD) system. Being able to export this data is especially valuable for Tesla because the core team working on FSD is based in the U.S., and having access to real-world data from Chinese roads would help optimize the system's performance in China, the world's largest car market. It's worth noting that, until now, strict data controls have been a barrier for foreign automakers. However, the new guidelines could provide Tesla with a clearer path to making its most advanced driver-assistance features more competitive in China. What Is the Prediction for Tesla Stock? Overall, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 12 Holds, and nine Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $285.97 per share implies 12.1% downside risk.

From Chandelier to Cube: The Versatile Forms of 6:AM's '▢ [quadrato]' Collection

Hypebeast

38 minutes ago

Hypebeast

From Chandelier to Cube: The Versatile Forms of 6:AM's '▢ [quadrato]' Collection

Summary 6:AM Glassworkshas recently unveiled its new '▢ [quadrato]' collection, a visual statement that reinterprets Murano-blown glass through essential lines and geometric forms. This innovative series draws inspiration from the industrial lamps of the 1920s, blending the rational language of the Bauhaus movement with the minimalist aesthetic championed by Malevich. The resulting collection spotlights modular lighting pieces, where intricate details, such as air bubbles, grooves and transparencies, contribute to each product's unique narrative. ' ▢ [quadrato]' was debuted during this year'sMilan Design Week, where it was featured within theTwo-Fold Silenceexhibition held at Piscina Cozzi — a historic former public bath. This setting provided a unique immersion into the brand's creative universe, allowing visitors to experience the interplay of rationality and instinct, as well as form and intuition that define the collection. The collection offers a versatile range of lighting solutions, available in suspension, wall, table, and floor variations. A notable piece within the collection is the ▢ [EXIT], which features screen-printed lattimo glass and a painted iron structure. Inspired by emergency lamps from the '20s, its pattern replicates pre-plastic designs, blending functionality with artistic craftsmanship in a striking red and white palette. Another standout piece worth mentioning is the ▢ [quadrato 36], a contemporary reinterpretation of the classic chandelier. This striking installation, composed of 36 hand-blown glass cubes, recalls the purity of Bauhaus aesthetics. Its planar arrangement emphasizes geometric precision, forming a floating grid of illuminated cubes that can be inquired about upon request. Crafted from lattimo handblown glass and powder-coated iron, the '▢ [quadrato] collection' exemplifies 6:AM's commitment to transforming functional objects into aesthetic and architectural pieces. Prices vary between €900 – €5,200 EUR (approx $1,035 – $5,978 USD) across the collection, with the exception of ▢ [quadrato 3 being available upon request. For more information, head over to 6:30's officialwebsite.

Analysts shows confidence in S&P entrant, raising target by 15%

Yahoo

an hour ago

Yahoo

Analysts shows confidence in S&P entrant, raising target by 15%

Analysts shows confidence in S&P entrant, raising target by 15% originally appeared on TheStreet. The analysts at Cantor Fitzgerald have raised their 12-month price target for Coinbase (Nasdaq: COIN) from $253 to $292. Founded in 2012, Coinbase is the largest crypto exchange in the U.S. that went public in April 2021. Last month, it emerged as the first public crypto company to earn a spot on the S&P 500 index. Cantor Fitzgerald analysts led by Brett Knoblauch wrote in a recent note to clients that over the long term, Coinbase's trading activities will allow it to increase its market share and its activities outside of trading will materially alter "how investors view COIN." Though the analysts at Cantor lowered their revenue estimates for the crypto exchange by nearly 4%, they doubled down on an "overweight" rating on COIN. The note also mentions that the analysts don't expect "material upside" from these new products this year, but there could be a "profound" shift in investor perception by the second half of 2026 and into 2027. During the company's 2025 State of Crypto Summit, it announced on 12 June a partnership with Shopify to help merchants accept payments in USDC, a stablecoin issued by Circle (NYSE: CRCL). The service is available to early access merchants at Shopify and will expand to stores across the globe running Shopify Payments later this year. The exchange also launched a credit card the same day. Called the Coinbase One Card, it claims to give users a chance to earn up to 4% in Bitcoin rewards on every purchase. The COIN stock closed at $242.71 on 13 June as the Israel-Iran conflict shook the markets. Analysts shows confidence in S&P entrant, raising target by 15% first appeared on TheStreet on Jun 13, 2025 This story was originally reported by TheStreet on Jun 13, 2025, where it first appeared.