On Wednesday Eastern Time, the US April CPI fell, and traders raised their expectations for the Federal Reserve's interest rate cut. The US stock market rose, with all three major indexes reaching historic highs. As of the close, the Dow Jones Industrial Average rose 0.88%, the Nasdaq rose 1.40%, and the S&P 500 index rose 1.17%.
WSB concept stocks plummeted, gaming stations fell more than 18%, and AMC theaters fell 20%.
Global News
The flames of interest rate cuts are thriving! The annual rate of core CPI in the United States has dropped to the lowest level in nearly three years
Before Wednesday local time, the US Department of Labor disclosed the April Consumer Price Index, with a nominal CPI annual rate of 3.4%, which is in line with expectations; The monthly CPI growth rate is 0.3%, slightly lower than the expected 0.4%; The more critical core CPI annual rate has further fallen to 3.6%, in line with expectations, but has also fallen to its lowest point since April 2021.
China and the United States hold the first meeting of the intergovernmental dialogue on artificial intelligence
On May 14, 2024 local time, the first meeting of the China US Intergovernmental Dialogue on Artificial Intelligence was held in Geneva, Switzerland. Both sides introduced their views and governance measures on the risks of artificial intelligence technology, as well as the measures taken to promote the empowerment of economic and social development by artificial intelligence. The Chinese side emphasizes that artificial intelligence technology is currently the most concerned emerging technology, and has always adhered to the concept of people-oriented and intelligent for good, ensuring that artificial intelligence technology is beneficial, safe, and fair. China supports strengthening the global governance of artificial intelligence, advocates playing the role of the United Nations as the main channel, and is willing to strengthen communication and coordination with the international community, including the United States, to form a global artificial intelligence governance framework and standard specifications with broad consensus. The Chinese side has expressed a solemn stance on the US's restrictions and suppression of China in the field of artificial intelligence.
The Chairman of the Federal Reserve speaks up! Release heavyweight signal
Powell's latest announcement, releasing a heavy signal. On the late night of May 14th Beijing time, Federal Reserve Chairman Powell gave a speech at an event, stating that the Federal Reserve needs to remain patient and wait for more evidence to show that high interest rates are suppressing inflation and continuing to cool, so it is necessary to keep interest rates high for a longer period of time. He emphasized that the next step for the Federal Reserve is unlikely to be a rate hike.
Keep up with Powell! Federal Reserve officials "hawk": interest rates may remain high for a period of time
On Tuesday, Jeffrey R. Schmid, President of the Federal Reserve Bank of Kansas City, stated that inflation is still too high and that the Federal Reserve still has more work to do in reducing inflation, and hinted that he supports maintaining policy interest rates unchanged for a period of time. "As time goes by, I expect inflation to fall back to the Federal Reserve's target of 2%," he said in his latest speech. "I am prepared to remain patient in this process."
Company News
Google's enlarged recruitment AI search engine has released the strongest AI model!
Although OpenAI took the lead in releasing a heavyweight new product demonstration, Google took the initiative and achieved something that OpenAI had not yet been able to do. It was the first to release an artificial intelligence (AI) search engine, defending its position as the king in the search field. At the same time, it competed against OpenAI's newly released flagship model, GPT-4o, with an upgraded version of the most powerful AI model, Gemini. Starting at 1am Beijing time on May 15th, Google held a two-hour annual I/O developer conference keynote speech at the Coastal Circular Theater near its headquarters in Mountain View City.
The total investment is about 1.45 billion yuan! Tesla Shanghai Energy Storage Super Factory Approved to Start Construction This Year and Start Production Next Year
Recently, the Lingang New Area Management Committee of the Shanghai Pilot Free Trade Zone officially announced that the construction permit for Tesla's Shanghai Energy Storage Super Factory project has been issued. According to public information, Tesla's Shanghai energy storage plant covers a total area of approximately 200000 square meters and has a total investment of approximately 1.45 billion yuan. The factory is located near Tesla's Shanghai super factory, which is also Tesla's first energy storage super factory project outside of the United States.
Can't the Roaring Cat Storm last long? Insiders: Wall Street has already learned well, and retail investors have no money, no time, and high interest rates
Game Station and AMC surged again by 60% and 32% overnight, with both stocks doubling their gains in the past week. The crazy performance of all of this has brought sensory shock to the market, as if returning to the boom of "retail investors fighting against Wall Street" in 2021... However, many Wall Street strategists now say that this new enthusiasm for retail investors to sell short may still be far from reaching the crazy level of three years ago, because a series of favorable conditions of "favorable timing, location, and people" at that time may be difficult to replicate now.
What was the situation with a collision on Trump's private plane again?
According to CCTV News on May 15th, according to Reuters and local US media on May 14th, data from the Federal Aviation Administration showed that on May 12th local time, a Boeing 757 owned by former US President Trump collided with a small business plane parked at West Palm Beach International Airport in Miami, USA while taxiing.
Big exposure! Star private equity increases its holdings in these stocks, while Hillhouse continues to increase its holdings in Pinduoduo Jinglin Asset and technology stocks
On May 15th Beijing time, HHLR Advisors, a subsidiary of Hillhouse, announced its latest holdings in US stocks. In the first quarter of this year, HHLR Advisors increased their holdings in Pinduoduo, Amazon, and others, and Pinduoduo continued to maintain its position as the largest holdings. It is worth noting that Jinglin Asset, also a celebrity private equity firm, has reduced its holdings of many shares in Pinduoduo, and Facebook has replaced Pinduoduo as the largest holdings. At the same time, Jinglin Asset increased its holdings in multiple Chinese concept stocks such as JD, Alibaba, New Oriental, TAL, Tencent Music, and Ctrip Group in the first quarter, increased its holdings in artificial intelligence related stocks such as Facebook's parent company Meta and TSMC, and established positions in biopharmaceutical companies such as Novo Nordisk.
Qiaoshui Q1 Crazy Sale of US Stocks: "Six Giants" Google and Nvidia Leap to the Top Ten
On Tuesday (May 14th) local time, well-known hedge fund Bridgewater submitted its position report as of the end of the first quarter of 2024, known as Form 13F, to the US Securities and Exchange Commission (SEC). According to the documents, as of March 29, 2024, Qiaoshui's overall holdings in the US stock market were $17.9 billion, the highest level in a year and a significant increase from the previous quarter's $16.5 billion.