Market News: Russian President Vladimir Putin will extend the ban on the sale of petroleum and petroleum products against the crude oil price ceiling until June 30, 2025.The Baltic dry bulk freight index fell 0.38% to 1051 points.Boeing plans to increase the monthly output of the 787 to 10 by 2026. Boeing said on Thursday that it plans to increase the monthly output of the 787 Dreamliner wide-body passenger aircraft to 10 by 2026. The aircraft manufacturer plans to expand its operations in Charleston County, South Carolina, invest $1 billion to upgrade infrastructure and create 500 new jobs. Boeing has been working hard to restore the output of 787 aircraft to the level of 5 aircraft per month before the end of this year, but the obstacles in the supply chain have led to production delays.
Medical staff: Israeli air strikes on houses in Nu Sillat refugee camp in central Gaza killed at least 20 Palestinians.Market news: Brazilian President Luiz Inacio Lula da Silva entered the semi-intensive care unit for recovery after surgery.BMO raised the target price of Chevron from $170 to $175.
USGS: An earthquake of magnitude 5.1 occurred in Izu Islands, Japan.Apple is about to switch to self-developed Bluetooth and Wi-Fi chips for iPhone and smart home. Apple plans to switch to domestic chips for Bluetooth and Wi-Fi connection on its devices from next year, which will gradually phase out some components currently provided by Broadcom. This chip, code-named Proxima, has been developed for several years and is now planned to be used in the first batch of iPhone and smart home devices produced in 2025. The internal chips of iPhone manufacturers will be produced by TSMC.Daiwa Securities SMBC Co., Ltd. downgraded Xinao Energy to Hold with a target price of HK$ 56.