A[Overnight global news you need to know on Thursday: The Federal Reserve raised interest rates for the first time in three years, Warsh reiterated that inflation is too high and has lasted for too long, Trump once again urged the Federal Reserve to quickly lower interest rates, and the Dow hit a new closing low since mid-June]
1. The Federal Reserve raised interest rates by 25 basis points, raising the benchmark interest rate to 3.75%-4.00%; this is the first interest rate increase since July 2023.
2. Warsh reiterated that inflation is too high and has lasted for too long, with no significant improvement in summer data. Indicates that the Federal Reserve has decided to cancel part of its easing policy.
3. The median of the Fed dot plot shows that there will be one more interest rate increase in 2026. But after Warsh spoke, traders increased their bets on the Fed raising interest rates twice before the end of the year.
4. Traders predict that the probability of the Federal Reserve raising interest rates in October is about 50%.
5. After the Federal Reserve raised interest rates, many large U.S. banks such as JPMorgan Chase raised their prime lending rates to 7%. The new interest rates took effect from Thursday local time.
6. Trump said that U.S. interest rates should be at or below 1%, and once again urged the Federal Reserve to quickly lower interest rates.
7. Central banks of Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Oman and other countries have announced interest rate hikes of 25 basis points. Brazil lowered its benchmark lending rate by 25 basis points to 13.75%.
8. The minutes of the Bank of Canada’s monetary policy meeting showed that if high oil prices spread to other goods and services, interest rates may need to be raised.
9. Saudi Arabia is said to be seeking to restore half of the delivery capacity of key oil pipelines within days.
10. U.S. Energy Secretary Wright talked about the shipping volume in the Strait of Hormuz, saying that the seven-day average is 11 million barrels per day.
11. The USITC voted to launch an investigation into some electronic devices containing specific audio technologies. Apple, Samsung and Google were listed as parties under investigation.
12. Multiple banks provided $22 billion in chip-related loans to Blackstone Group and Google parent company Alphabet.
13. NVIDIA announced the establishment of an alliance with Emerald AI and Google to jointly promote the construction of flexible AI data centers.
14. It is reported that Google and DeepMind have established a research institute to explore general artificial intelligence.
15. Amazon plans to build power supply equipment facilities for Fastnet submarine cables in Maryland.
16. OpenAI integrates advertising platforms with HubSpot and Shopify.
17. Microsoft said it is investigating the issue of users being unable to access some Microsoft 365 services.
18. Drone delivery company Zipline is reported to be negotiating a new round of financing, planning to raise approximately US$1 billion with a valuation target of US$20 billion.
19. The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 1.21%, a new closing low since mid-June; the S&P 500 Index falling 0.44%, and the Nasdaq Composite Index falling 0.01%. The KBW Bank Index closed down 2.9%, its biggest drop since February. SpaceX rose more than 5%, and Musk once again signaled that Tesla and SpaceX may merge.
20. The settlement price of international crude oil futures closed sharply. WTI crude oil futures October contract fell 3.21%, Brent crude oil futures November contract fell 2.69%.
21. COMEX gold futures fell 0.7% to US$4,302.5 per ounce; COMEX silver futures fell by 0.68% to US$63.42 per ounce. B[Jeffrey: AI's potential reachable market exceeds 25 trillion US dollars, with Microsoft, Amazon, Alphabet, etc. being the first choices] On September 4th, Jefferies issued a report stating that the potential of artificial intelligence has only scratched the surface, estimating the potential market size to exceed 25 trillion US dollars, and evaluated key controversies such as comparisons between AI and previous technology waves, investment returns, adoption barriers, and financing risks. The bank believes that challenges still exist and believes that obstacles can be overcome, but it creates uneven paths for AI adoption. The bank believes that the "SaaS apocalypse" statement is overdone. Software is not dead, only weak software will be eliminated; cutting-edge laboratories are more likely to cooperate with leading suppliers rather than own the full stack. The bank is optimistic about companies that have advantages and can seize the spending opportunities of artificial intelligence in areas such as computing, data, security and applications. The preferred targets include Microsoft, Amazon and Alphabet among the large platforms, while Oracle and CoreWeave can provide direct exposure to restricted artificial intelligence computing. The bank is also optimistic about Snowflake and Dynatrace in the data/observability field, as well as Palo Alto Networks and Okta in the security field. Intuit is a contrarian stock pick for the bank, because compared to its approximately 40 years of data accumulation, deep artificial intelligence talent pool, and applications with strong user stickiness, the market's concerns about artificial intelligence are over-amplified. A[Overnight global news you need to know on Tuesday: Affected by the situation between the United States and Iran, Brent oil prices stood at US$90 per barrel; Huang Renxun said that VeraRubin can bring more than US$40 billion in revenue per gigawatt to Nvidia]
1. The three major U.S. stock indexes collectively closed down. The Dow Jones Industrial Average fell 0.7%, rising 1.34% this month; the Nasdaq fell 0.12%, rising 3.93% this month; the S&P 500 fell 0.33%, rising 2.62% this month. The utility sector led the decline, and cryptocurrency concept stocks rose; Amazon fell more than 2%, and the company was sued by the U.S. Federal Trade Commission; Tesla rose more than 5%, hitting a new high in more than a month.
2. The U.S. Federal Trade Commission and more than 20 states will accuse Amazon of seeking billions of dollars in revenue by manipulating advertising prices on its retail platform.
3. U.S. President Trump announced a new drug pricing agreement; nine pharmaceutical companies promised to sell at low prices. Currently, 26 companies have signed up to participate in the plan, covering 90% of the pharmaceutical market.
4. U.S. Treasury Secretary Bessent said that he will meet with his Canadian counterpart during the G20 summit.
5. The large Saudi oil tanker Cedar was intercepted while passing through the southern channel of the Strait of Hormuz.
6. The General Staff of the Iranian Armed Forces issued a statement stating that Iran will never tolerate any acts of aggression on the premise of respecting the national sovereignty of its neighboring countries and will respond more strongly to such acts.
7. Nvidia CEO Jensen Huang said that the VeraRubin platform can bring Nvidia more than $40 billion in revenue per gigawatt.
8. Goldman Sachs predicts that the average price of humanoid robots will drop from US$41,800 in 2025 to US$21,300 in 2035.
9. Nvidia will invest US$3.5 billion in chip manufacturer MediaTek; Alphabet participated in MediaTek’s record-breaking US$3.9 billion overseas convertible bond issuance.
10. The U.S. Strategic Petroleum Reserve crude oil inventory decreased by approximately 3.1 million barrels last week to 286.6 million barrels.
11. Affected by the situation between the United States and Iran, international oil prices rose. WTI crude oil futures closed at US$85.76 per barrel, an increase of 2.83%; Brent crude oil futures closed at US$90.49 per barrel, an increase of 2.71%.
12. Most major European stock indexes closed lower, with the British FTSE 100 index rising by 0.29%, the French CAC40 index falling by 0.65%, and the German DAX30 index falling by 1.09%.
13. Apple’s Phil Schiller steps down as head of App Store and product launches.
14. Microsoft and Humain have expanded their strategic cooperation and plan to jointly launch Humain One products integrating Microsoft 365.
15. AWS will launch its first cloud infrastructure region in Saudi Arabia by December 2026.
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