On Wednesday Eastern Time, the three major US stock indices closed with mixed gains and losses. As of the close, the Dow Jones Industrial Average rose 0.09%, the Nasdaq fell 0.30%, and the S&P 500 index fell 0.16%. The Federal Reserve's "Beige Book" shows that the number of regions with stable or declining economic activity has increased to 9.
Most large technology stocks have fallen, with Intel falling more than 3%, Amazon and Nvidia falling more than 1%, and Microsoft, Google, and Apple experiencing slight declines; Tesla rose over 4%, while Netflix and Meta saw slight increases. Among them, Nvidia's stock price has dropped by 15% since the release of its financial report last week. US steel fell by over 17%. According to reports, US President Biden is preparing to block the trade between Japanese steel and US steel.
Popular Chinese concept stocks have fluctuated, with Bilibili, NIO, and NetEase rising over 2%, while Tencent Music, Xiaopeng Motors, JD.com, and Alibaba have seen slight gains. Pinduoduo fell more than 5%, Futu Holdings fell more than 2%, Manbang, Baidu, and Ideal Auto fell more than 1%, while Weibo, iQiyi, and Vipshop fell slightly.
Global News
Expectations of interest rate cuts may be greatly discounted! Bank of America warns: The biggest risk for US stock market this week will be on Friday
As the United States releases its latest employment report this Friday, Bank of America points out that the biggest risk facing US stocks this week is a stronger than expected August non farm payroll report. The bank emphasized this risk in a report on Monday, stating that overheated employment data will reprice the expected rate cuts for this year.
Hart's First Debate is Coming Soon! Harris proposes another move: tax reduction or tenfold increase for start-up small businesses
According to campaign officials, Democratic candidate and Vice President Kamala Harris will announce a new proposal on Wednesday to provide small businesses with a $50000 startup fee tax credit, which is 10 times the current $5000 credit allowed. According to the official, Harris will launch a new plan on Wednesday during her presidential campaign in New Hampshire, as part of her broader efforts in the final two months of the sprint phase.
The giant whale turns! The world's largest pension fund may increase its holdings in Japanese stocks, triggering a chain reaction
According to a Bloomberg survey, the Japanese Government Pension Investment Fund (GPIF), one of the world's largest pension funds, may increase its purchase of Japanese domestic stocks and reduce its investment in foreign bonds. This trend may have an impact on the global market. GPIF was previously the world's largest pension fund, with assets of up to $1.75 trillion.
Bet on QDII! Super Bull Scattered Exposure! Dan Bin's "Suoha" Nasdaq 100 ETF
Under the leadership of Dan Bin, Dongfang Port has made significant purchases of Nasdaq 100 ETFs under seven companies including Huaxia, Guangfa, Hua'an, CMB, Boshi, Guotai, and Huatai Bairui. The local state-owned asset Changzhou Investment Group Co., Ltd. has become the largest holder of E Fund's Nasdaq 100 ETF connection.
Big news in the AI industry! ChatGPT's father sets global AI infrastructure plan: spending billions of dollars in the United States first
According to insiders, Sam Altman, the father of ChatGPT and CEO of OpenAI, plans to convene global investors to support the development of artificial intelligence by building infrastructure. At present, this plan is becoming increasingly clear, with a focus on launching in various states in the United States, and is expected to cost billions of dollars.
Company News
Has the reason for the sharp decline in Nvidia's stock price been found? The US Department of Justice upgrades its antitrust investigation
According to media reports, the US Department of Justice has issued subpoenas to companies such as Nvidia in search of evidence that the artificial intelligence chip giant has violated antitrust laws. According to sources familiar with the investigation, the Ministry of Justice has distributed survey questionnaires to many companies and is now issuing legally binding requests to these companies to provide information. This means that the Department of Justice is one step closer to formally filing a lawsuit against Nvidia.
Multiple platforms confirm 'Apple Tax' commission of 30%. Apple customer service suggests recharging through a computer
During live streaming, if you want to recharge and give gifts to the host, you can get 7 diamonds for 1 yuan on an iPhone and 10 diamonds for 1 yuan on an Android phone. The reporter has experienced this phenomenon on multiple video apps, and their customer service has confirmed that there is a 30% commission from Apple. Although Apple customer service did not directly reply with "Apple tax", it is recommended that consumers can recharge through the computer.
Intel releases its latest AI chip, surpassing Qualcomm's flagship by over 60% in stock price this year
Intel released a total of 9 Ultra 200V series chips on Wednesday morning. However, this batch of chips is uniformly 8-core (4 high-performance cores+4 efficiency cores). The main parameter differences of the product line lie in slight variations in CPU maximum turbo frequency, GPU core count, and NPU engine count. Intel announced that the first batch of laptops equipped with Ultra 200V chips will be launched on September 24th. During the entire press conference, Intel repeatedly emphasized that its own chips performed better than its competitors, especially Qualcomm.
Heavy weight! Taobao will fully support WeChat Pay
The payment interconnection between Alibaba and Tencent, the two giants, is once again making significant progress. On September 4th, a reporter from Beijing Business Daily obtained exclusive information from insiders and confirmed that Taobao App will soon fully support WeChat Pay. The Beijing Business Daily reporter noticed that as early as the beginning of this year, the topic of "Taobao orders can be directly paid through WeChat" had been on the hot search list.
Multiple US stocks' AI demon stocks' halo fades, short selling institutions reveal valuation doubts under the wave
Like many periods of stock market frenzy, artificial intelligence technology first drove some companies' stock prices to skyrocket, followed closely by a group of more suspicious companies. The approach of Wall Street is to buy all the stocks first, and then let time distinguish which ones are real and which ones are fake. At present, some investors are betting that some "former AI darlings" will experience a decline, such as AMD and Lumen Technologies.