Global News | U.S. stock market's three major indices fluctuate, Federal Reserve Board member proposes a 1 percentage point rate cut this year

【U.S. Stock Indices】

On February 26th, Thursday, U.S. stock major indices fluctuated. The S&P 500 fell 0.54%, closing at 6,908.86; the Dow Jones rose 0.03%, closing at 49,499.20; the Nasdaq dropped 1.18%, closing at 22,878.38.

【U.S. Bonds】

On February 26th, the benchmark 10-year U.S. Treasury yield was 4.02%, and the yield on the 2-year Treasury, most sensitive to Federal Reserve policy rates, was 3.42%.

【Popular U.S. Stocks】

Among popular stocks, Nvidia fell 5.46%, Apple declined 0.47%, Google A dropped 1.76%, Google C fell 1.88%, Microsoft rose 0.28%, Amazon decreased 1.29%, TSMC dropped 2.80%, Meta increased 0.51%, Tesla fell 2.11%, Super Micro Semiconductor declined 3.41%, Intel dropped 3.03%.

【Global Indices】

【Chinese Indices】

On February 26th, overnight Hang Seng Tech Index futures fell 2.86%, Nasdaq China Golden Dragon Index declined 1.78%, FTSE China A50 Index dropped 0.89%.

【Chinese Concept Stocks】

Among popular Chinese concept stocks, Tencent Holdings (HK) fell 2.01%, Alibaba dropped 2.78%, Pinduoduo declined 1.41%, NetEase decreased 0.16%, Baidu fell 5.65%, Ctrip declined 2.59%, Li Auto dropped 2.98%, Xpeng Motors fell 2.26%, NIO declined 1.73%.

【Forex and Commodities】

【Global News】

Google Launches New Image Model Nano Banana 2

Nano Banana 2 will open previously Pro-only features to all users. The updated version can generate higher-resolution images, better quality infographics and data visualizations, and add text for marketing or greeting card purposes. Additionally, the new version performs better at executing complex commands.

Tim Cook Hints Apple Will Hold a Launch Event Monday Morning

Apple CEO Tim Cook posted on X that: “An exciting week is about to begin. It all starts Monday morning.”

OpenAI: Currently Experiencing Issues with ChatGPT

OpenAI: Currently experiencing issues with ChatGPT.

Google: Expanding Access to AI Max Platform Text Guidelines Beta Worldwide for All Advertisers

Google: We are expanding access to the AI Max platform text guidelines beta worldwide, open to all advertisers.

OpenAI to Make London Its Largest Research Center Outside the U.S.

OpenAI will establish London as its largest research hub outside the U.S. (Sina Finance)

Federal Reserve Board Member Milan Says the Fed Should Cut Rates by 1 Percentage Point This Year

Federal Reserve Board member Milan stated that the Fed should cut rates by 1 percentage point this year, in four 25-basis-point cuts, and that it’s better to act early than late.

Fed’s Milan: Excessive Bank Regulation Will Harm Credit Creation

Milan: Over-regulation of banks is detrimental to credit creation. I am a firm supporter of the Baumann agenda at the Fed.

Apple Agrees to Double the Price of Samsung Storage Chips

According to Wccftech and other sources citing Korea’s Dealsite, Apple has finalized an order for Samsung’s DS (semiconductor) division’s LPDDR5X chips for the iPhone 17 series, doubling the previous price. Recently, Apple held an emergency meeting with Samsung’s DS division to discuss supply arrangements for the first half of this year to ensure supply chain stability. Semiconductor industry insiders revealed: “Samsung’s DS division initially aimed to increase prices by 60%. In the first round of negotiations, they quoted a 100% increase to test the waters, and Apple accepted directly to ensure inventory, so the price was finalized.” (Science and Technology Board Daily)

Lilly: In Type 2 Diabetes Trial, Oral GLP-1 Drug Orforglipron Outperforms Novo Nordisk’s Oral Semaglutide in Blood Sugar Control and Weight Loss

Lilly: In a type 2 diabetes trial, the oral GLP-1 drug Orforglipron outperformed Novo Nordisk’s oral semaglutide in both blood sugar control and weight reduction.

Tencent Yuanbao Returns to Top 10 on Apple App Store

On February 26th, Tencent Yuanbao re-entered the top 10 on the Apple App Store, with Doubao and Qianwen ranking 1-2. According to DataEye Research Institute, the marketing spend for Yuanbao, Doubao, and Qianwen AI products around the Spring Festival is estimated to exceed 10 billion yuan.