give me headline for each paragraph: "Investors are awaiting the release of US July CPI inflation data tonight. The market expects that core inflation will see a slight cooling. The market consensus anticipates that there will be no interest rate hike at the September FOMC meeting. DJIA ended down for the second consecutive day. Both SPX and IXIC hit a four-week low, where IXIC and NVDA ended below the 50-day line.
President Joe Biden has signed an executive order regulating US investments supporting Chinese development of sensitive tech. It targets areas including semiconductors, microelectronics, quantum computing, and AI. The measure aims to protect national security without stifling US-China business. Chinese companies, including Baidu, Tencent, Alibaba, and ByteDance, have ordered over $5 billion worth of Nvidia chips, with expectations of receiving around 100,000 A800 GPUs this year. They have also placed orders for an additional $4 billion worth of chips for delivery in 2024. The A800 GPU is a scaled-down version designed to comply with US export control rules.
The Chinese government is expected to allow group tours to Japan as early as this week, a move that would benefit retail and travel-related businesses. Currently, Chinese tour groups can visit about 60 countries, but not Japan. Japan has stricter rules for issuing individual tourist visas, making group travel a more popular option for Chinese visitors. While the resumption of group tours will benefit industries such as retail and transportation, Japan’s tourism sector still faces a labor shortage.
Wynn Resorts (WYNN) reported better-than-expected Q2 results, driven by the recovery in Macau’s gambling market and offsetting weakness in North America. The adjusted EPS was $0.91 (consensus: $0.64) and $1.6 bn revenue (consensus: $1.54 bn). Wynn Macau Ltd (1128.HK) turned a profit in the second quarter, earning $61.02 million. In terms of segments, VIP volume and revenue were 20% and 26% of levels seen in the second quarter of 2019, respectively. Mass revenue, on the other hand, recovered to 91% of the second quarter of 2019’s level. CEO Craig Billings mentioned that customers had shorter stays at the hotel but came more frequently and spent more, due to the recovery from the impact of Covid-19. WYNN shares rose more than 2% in after-hours trading.
Disney (DIS)’s Q3 earnings were mixed, with challenges in streaming and restructuring costs. The adjusted EPS was $1.03 (consensus: $0.95) and $22.33 bn revenue (consensus: $22.15 bn). Disney+ subscribers declined, so Disney announced a price increase and a crackdown on password sharing. CEO Bob Iger emphasized optimistic growth in film studios, parks, and streaming. The shares rose more than 2% in after-hours trading.
China Unicom Group Co., Ltd. (762.HK) reported 1H profit of 12.4 bn yuan, a 13.1% increase. The company’s revenue and profit reached record highs since its listing. Recently, the Development and Reform Commission mentioned the need to boost digital consumption. Chen Zhongyue, the Executive Director and CEO, expressed excitement about this measure, believing that the company will have great opportunities in areas such as smart homes. The current goal is to achieve stable growth in the core business and increase net profit by double digits.
"