Global news you need to know before Thursday's U.S. stock market opensFinancing market alarm sounded! Wall Street warns the Federal Reserve: Ignoring the situation may lead to a repeat of the 2019 "cash crunch" crisisTencent conference call: Capital expenditures for the full year of 2025 will be below guidance, GPU reserves are currently sufficient,Is there a historic investment window for small-cap stocks in the U.S.? Valuation gap reaches a 40-year high, and the wave of mergers and acquisitions may become a reversal engineLithium battery stocks surged, CATL and CSI Solar both signed major contracts, and domestic and international energy storage demand has reached a resonant moment!U.S. Stock Outlook | Three major index futures mixed as the U.S. federal government ends its longest shutdown in historyQuietly closing its affiliated funds, big short Burry refutes rumors of shorting NVIDIA and Palantir for $900 million: only spent a total of $9.2 millionKey data is about to be "reissued" as the U.S. Treasury market stands readyHong Kong Monetary Authority: Will continue to adhere to the principle of "capital preservation first, long-term value enhancement" and manage the foreign exchange fund cautiously and flexiblyUS Stock Movement | Canadian Solar Pre-market Surge of 12%, Q3 Revenue Exceeds ExpectationsChina completes the first phase of 6G technology testingPre-market news | Several internet giants have released earnings reports that exceeded expectations, Tencent and Apple have reached an agreementReport: Apple has reached a mini-program game payment agreement with Tencent, which will charge a 15% commissionThe recovery of the Chinese market boosts Burberry's Q2 performance to profitability, with sales achieving quarterly growth for the first time in two years | Earnings Report InsightsHong Kong Stock Chip Targets Under the Trend of AIBilibili Q3 revenue increased by 5.2% year-on-year, adjusted net profit surged by 233%, and pre-market trading in US stocks rose by 6% | Earnings Report InsightsBilibili: Q3 2025 revenue of 7.685 billion yuan, a year-on-year increase of 5.2%, market expectation of 7.66 billion yuanSMIC Q3 revenue increased by 9.9% year-on-year, net profit surged by 43.1%, and gross margin rose by 4.8 percentage points quarter-on-quarter | Financial Report InsightsJD.com Q3 revenue increased by 15% year-on-year, adjusted EBITDA decreased by 83%, new business revenue grew by more than double, and marketing expenses increased by 110% | Financial Report InsightsSMIC: In the third quarter, the company achieved a total operating revenue of RMB 17.162 billion, a quarter-on-quarter increase of 6.9%; the company's gross profit margin was 25.5%, an increase of 4.8 percentage points quarter-on-quarter; the capacity utilization rate rose to 95.8%, a quarter-on-quarter increase of 3.3 percentage pointsJD.com-SW released its third-quarter performance, with total revenue of 299.059 billion yuan, an increase of 14.85% year-on-yearZhaoYin International: Hong Kong stocks rise with a net purchase of HKD 4.286 billion by southbound funds; the possibility of two interest rate cuts in the U.S. increasesJD.com Group's net revenue for the third quarter was RMB 299.06 billion, estimated at RMB 294.4 billion; adjusted earnings per ADS for the third quarter were RMB 3.73, estimated at RMB 2.70; adjusted EBITDA for the third quarter was RMB 2.5 billion, estimated at RMB 3.41 billionMeta's AI data center in Wisconsin has begun construction, expanding its global scale to 30 locationsIM Motors breaks into the "Nine Series" battlefieldThird quarter GDP grew only 0.1%! The UK economy "suddenly stalled" before the budget announcementMicrosoft (MSFT.US) "AI Super Factory" launched! Integrating hundreds of thousands of GPUs to enable interconnection of multiple data centersTencent Holdings' third-quarter revenue was RMB 192.87 billion, estimated at RMB 188.8 billion; third-quarter net profit was RMB 63.13 billion, estimated at RMB 55.88 billionMicrosoft CEO Deep Interview: Azure's profits largely come from supporting services, model developers will fall into the "winner's curse," and platform value will not disappearAlibaba's 'Qianwen' plans to revamp to catch up with ChatGPT; Baidu's Kunlun Chip Supernode unveiled | Today's Important News Recap"The best-selling drug on Earth"? Citigroup: Inclusion in Medicare changes everything, Eli Lilly's oral GLP-1 sales next year will be twice the market forecastIs AI leverage underestimated? Among the $2 trillion capital expenditure, "financing leasing" supports $400 billion!Gold has risen for five consecutive days! The end of the government shutdown and expectations of interest rate cuts from the Federal Reserve have contributed to gold prices returning to $4,200Earnings Report Preview | Farewell to Money Burning Expansion? Disney's "Quality Improvement and Efficiency Enhancement" Strategy Faces Key TestUnderstanding the Market | Innovative Drug Concept Trends Strong, 3SBIO Up Over 10%, BeiGene Up Over 7%Understanding the Market | CHI SILVER GP rises over 12% as gold and silver surge; institutions optimistic about the continued rise in precious metal price levelsUnderstanding the Market | Alibaba-W surged over 3% in the afternoon as reports say Alibaba secretly launched the "Thousand Questions" project to fully benchmark ChatGPTAlibaba's Hong Kong stock surged over 3%U.S. stock night trading volatility: The end of the government shutdown and dual benefits of earnings expectations, Alibaba rises 3.95% in night tradingBank of America Securities: Tencent Music-SW's third-quarter performance roughly meets expectationsOPEC warns combined with a significant increase in U.S. oil inventories, is the "oversupply" in the crude oil market really here?Tariff dividends? UBS warns: Tariffs are essentially a "massive tax increase"!Focusing on spatial intelligence! "AI Mother" Fei-Fei Li releases the first commercial world modelReport: Alibaba is preparing to revamp its flagship AI application to make it more like ChatGPTBNP Paribas supports AMD: Target price aims for $300 under the AI wave, with earnings per share expected to soar to $20