On Friday, the futures of the three major US stock indexes fluctuated, while major European stock indexes generally rose.
(Source: Yingwei Caiqing)
On the previous trading day, the Nasdaq hit a historic high at the close for the first time since November 2021, and the US stock market had its best opening since 2019 at the end of February.
The 10-year US Treasury yield fell for the third consecutive day, closing at 4.251% on Thursday.
Bitcoin continues to hover above $62000, with the cryptocurrency rising nearly 45% in February, marking its best month since December 2020.
As of press release, Dell Technologies rose 24% in the US stock market, with AI server sales increasing in the fourth quarter, and the company's net profit far exceeding market expectations.
The US stock market of New York Community Bank fell more than 30% before trading, and has fallen more than 50% since the beginning of this year. Previously, the bank reported significant deficiencies in internal controls. As of the time of publication, New York Community Bank fell more than 23% before trading.
Several Federal Reserve officials will make speeches tonight, including three members of this year's voting committee: Richmond Fed Chairman Barkin, Atlanta Fed Chairman Bostic, and San Francisco Fed Chairman Daley.
Company news
[Musk sues OpenAI, accusing it of violating its original intention to require GPT open source]
On Thursday, February 29th local time, Tesla CEO Elon Musk sued OpenAI and its CEO Sam Altman and others, accusing them of violating the contract agreement he entered into to help create the artificial intelligence (AI) research company in 2015.
Musk filed a lawsuit in San Francisco, California, USA, which is the headquarters of OpenAI.
The lawsuit states that Altman and another OpenAI co-founder, Greg Brockman, initially approached Musk and expressed their desire to establish an open-source non-profit company to develop AI technology for the benefit of humanity. However, the company has now gone against its original intention and is focused on creating profits for Microsoft.
Tesla USA increases the price of the Model Y rear wheel drive and long range versions by $1000
On March 1st, Tesla raised the prices of the Model Y rear wheel drive and long endurance versions by $1000 to $43990 and $48990 respectively in the United States.
【 The US FDA reports that animal experimental issues have been discovered at Neuralink, a Musk brain computer interface company 】
On March 1st, an agency report reported that less than a month after Musk's brain computer interface company Neuralink announced approval for the first human brain computer interface test, inspectors from the US Food and Drug Administration (FDA) discovered issues with the company's record keeping and quality control in animal experiments.
Inspectors have discovered quality control loopholes at the company's animal research facility in California. According to the agency's records, similar inspections of Neuralink's facilities in Texas did not reveal any issues.
These inspections occurred from June 12th to 22nd last year and were the only documented inspections conducted by the FDA on the Neuralink facility. The report of the inspectors is provided by Redica Systems, a data analysis platform that obtains FDA compliance reports through public record applications. The senior quality expert at Redica Systems stated that these issues indicate a lack of attention to detail.
Google may take mandatory measures against 10 developers in India who have not paid their service fees
Google announced on March 1st that it will begin implementing its App Store billing policy in India, which means non compliant applications may be delisted from the Google Play Store. Google stated that over 200000 Indian developers are using Google Play, all of whom comply with Google's policies, but 10 companies choose not to pay service fees.
Meta will not renew contracts with news publishers in Australia and the United States
Meta announced on February 29th that it will not reach new agreements with traditional news publishers in Australia and the United States, and stated that the number of people using Facebook news specific tags in these countries decreased by more than 80% last year. Meta states that people want to see more short videos, and consumers are not on Facebook to watch news.
Meta stated in a blog post that people will still be able to view links to news articles on Facebook, and publishers will continue to access their own accounts and post links like other users. In 2021, Meta blocked news in Australia due to a dispute with the Australian government over news payment issues.
Meta stated that it will "abolish" the dedicated news tag called Facebook News in the United States and Australia in early April. Last year, the company stated that it would adopt this approach in the UK, France, and Germany, and also stated that it would not reach new agreements with publishers in these countries.
[The American lunar lander "Odysseus" begins to hibernate]
On February 29th, American private company Intuition Machine announced that its lunar lander, Odysseus, entered a dormant state after landing on the moon for a week as night fell in the southern region of the moon. If it can survive the cold moonlit night, it can "wake up" in two to three weeks.
[Indonesian high-ranking official: Stellantis will assemble Citroen electric vehicles in Indonesia starting from July]
Rachmat Kaimuddin, Deputy Minister of Ocean Affairs and Investment Coordination of Indonesia, announced on March 1st that Stellantis will assemble Citroen electric vehicles in Indonesia starting from July this year. He did not provide detailed information on potential production scale or investment value.
Iwan Suryana, Deputy Minister for Investment Environment Development at the Indonesian Ministry of Investment, stated that Stellantis will assemble cars at an existing factory located in the Puwagada region of West Java Province. Kemudin pointed out that the Indonesian government will then push Stellantis to build a new factory, but did not provide a timetable.
Events worth paying attention to during the US stock market period (Beijing time)
March 1st
21:30 2024 FOMC Voting Committee and Richmond Fed Chairman Barkin interviewed by CNBC
22:45 Markit Manufacturing PMI Final Value for February in the United States
23:00 US February University of Michigan Consumer Confidence Index Final Value, US February ISM Manufacturing PMI, US February one-year inflation rate expectations, US January construction expenditure monthly rate
March 2nd
01:15 2024 FOMC Voting Committee and Atlanta Fed Chairman Bostic delivered a speech on economic outlook and real estate
02:30 2024 FOMC Voting Committee and San Francisco Fed Chairman Daley delivers a speech