Powell: The economy is stronger than expected, the Federal Reserve can be "a bit more cautious" about cutting interest rates, and the Trump administration cannot set up a shadow Federal Reserve chair.
Powell stated that economic growth is stronger than expected at the time of the Federal Reserve's first rate cut in September, and there is no reason not to remain strong. Inflation has slightly increased, so the Fed can be more cautious regarding rate cuts while searching for a neutral interest rate level. There are no concerns about losing the Fed's independence, and there is confidence in maintaining good relations with the Trump administration. It is currently too early to determine the impact of Trump's tariffs and other policies on the economy and interest rate outlook.
The annual "big reshuffling" of the Nasdaq 100 is about to begin! Who is expected to join, and who will be eliminated?
This year's potential high-flying stocks like palantir, MSTR and more are expected to be included.
Musk's AI supercomputer will expand tenfold! 1 million GPUs are worth nvidia opening a branch.
1. Elon Musk's xAI will expand its supercomputer Colossus in Memphis, increasing computing power tenfold; 2. Nvidia, Dell, and Super Micro Computer are also reportedly settling in Memphis to assist in the development of Colossus; 3. xAI, established just over a year ago, has a valuation of $45 billion, its rapid expansion surprised the industry, seen as a strong competitive advantage.
Already hit 55 new historical highs this year, everything seems to be going well for the US stock market by the end of the year.
Since the beginning of this year, the US stock market has set a record high 55 times, with Goldman Sachs experts indicating that the 56th time is also not far off. At the end of the year, the US stock market welcomed record inflows of funds, with individual investors ending their Thanksgiving holiday and returning to the market. Coupled with strong demand for share buybacks by US companies and low market volatility, the US stock market is poised to continue rising.
The "largest cloud manufacturer" clearly articulated the global strategy for AI: whether it is large models or chips, they will be options rather than the core.
AWS is betting on the 'productization of generative AI', taking products and services as the core of development, building a more user-friendly and accessible platform, reducing the threshold for users to use AI. In the future, the importance of large models will also gradually decrease, and models for different purposes will not differ much for users.
China restricts the export of rare metals, what does this mean for US chip stocks?
According to the estimates of the United States Geological Survey, if China completely bans the export of gallium and germanium, it may cause a loss of 3.4 billion US dollars to the USA GDP, with the semiconductor infrastructure industry accounting for over 40% of the net loss.
OpenAI is throwing a "big surprise"? It has started a 12-day "shipmas" featuring new functionalities, products, and demonstrations.
OpenAI plans to start a 12-day "shipmas" event on December 5, featuring new functionalities, new products, and demonstrations. Sources familiar with OpenAI's plans have revealed that these announcements will include the long-awaited text-to-video AI tool Sora and a new inference model.
The giants are high-profile in giving out money, the AI arms race is in full swing, US chip stocks are all rising, is it likely to spark a new round of AI market?
The competition among technology giants for AI hardware has intensified. This week, amazon announced plans to build the world's largest AI computing cluster, followed by meta's announcement of a $10 billion AI datacenter, and news from xAI, owned by Musk, about its plan to expand its supercomputer project tenfold...
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1 million GPUs! Musk wants to expand the Colossus AI supercomputing cluster tenfold, continuing the AI infrastructure arms race.
The investment required for the expansion of Colossus is expected to reach hundreds of billions of dollars, while also incurring quite high costs for construction, power supply, and cooling. However, xAI has raised approximately $11 billion from investors so far this year.
Federal Reserve official Daly: There is no urgency for a rate cut!
San Francisco Federal Reserve President Daly stated that there is indeed a need to continue adjusting policies cautiously, but there is no sense of urgency. Previously, Federal Reserve Chairman Powell hinted that interest rate cuts could be made more gradually.
Futu Morning Report | Optimistic sentiment is rising again! The three major U.S. stock indexes have all reached new highs; bullish financial reports for AI applications and chip stocks are driving an investment boom, with marvell technology soaring over 2
Powell: The economy is stronger than expected, the Federal Reserve can lower interest rates "more cautiously", and the Trump administration cannot appoint a shadow Fed chair; Trump nominates crypto-friendly Paul Atkins to be the SEC chair.
The beige book reveals concerns beneath the shiny surface of the usa economy: consumers are becoming increasingly sensitive to prices.
The economic growth expectations in most regions are "moderately rising"; the Federal Reserve pointed out that consumer price sensitivity has further increased.
Powell's miscellaneous talk: There will be no "shadow Fed", bitcoin's competitor is gold.
①Federal Reserve Chairman Powell shared his personal career experience on Wednesday and expressed his views on issues such as the new Trump administration, the US economy, and bitcoin; ② Powell emphasized that the independence of the Federal Reserve is protected by law and stated that Trump's envisioned "Shadow Federal Reserve" is not possible.
US Stock Markets Surge To Record Highs As Tech Shares Lead Rally
Federal Reserve Beige Book: Economic activity has slightly increased in most regions of the usa, and businesses are more optimistic about future demand.
The Federal Reserve stated in the Beige Book that economic activity in most parts of the usa has seen "slight growth", growth expectations are moderately increasing, employment levels remain steady or only slightly increased, and consumer spending overall remains stable.
Trading volume TOP20 | Growth stocks surged on high volume, Marvell Technology rose more than 23%, Salesforce rose over 10%; bitcoin approached the $0.1 million mark, MSTR rose nearly 9%, Coinbase rose nearly 7%
On Wednesday, the first in U.S. stock trading volume, nvidia, closed up by 3.48%, with a transaction of 33.127 billion dollars. The second, tesla, closed up by 1.85%, with a transaction of 17.895 billion dollars. The third, microstrategy, closed up by 8.72%, with a transaction of 11.44 billion dollars.
Express News | Powell did not reveal whether he supports an interest rate cut this month, believing he will maintain a good relationship with the Trump administration.
US stocks closed | Technology stocks boost the three major indexes to new highs! Marvell technology soared more than 23% after performance, Salesforce rose nearly 11%
The Nasdaq and chip index rose more than 1%, the small cap index reversed to a decline at one point, Meta, netflix, amazon, apple, and walmart all reached new highs, nvidia rose 3.5%, eli lilly and co peaked at 4%, the China concept index fell 2% at one point, and south korea etf, French stocks, and French bonds all closed higher.
Next year, the ticket committee and the St. Louis Federal Reserve Chair: the rate cut might be paused as early as this month.
Musalem indicated that in the context of inflation being higher than expected and concerns about the labor market easing, it may be time for policymakers to slow down the pace of interest rate cuts, with a possible pause in cuts as early as this month, ultimately depending on economic data.