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On Thursday, the futures of the three major US stock indexes fell slightly before the market
The monthly PPI rate for the US in August was 0.2%, expected to be 0.10%. The previous value was revised from 0.10% to 0%. The US PPI rate for August was 1.7%, and the forecast was 1.8%. The previous value was revised from 2.20% to 2.1%.
The number of jobless claims in the US until the beginning of the week of September 7 was 0.23 million, which is expected to be 0.23 million. The previous value was revised from 0.227 million to 0.228 million.
Star Technology stocks generally rose before the market, and Google and TSMC rose more than 1%
Nvidia rose nearly 1% before the market, and Wong In-hoon optimistically predicted that AI would bring trillion-dollar business opportunities
Nvidia CEO Hwang In-hoon said on Wednesday that the $1 trillion general-purpose data center will be modernized to speed up computing. While discussing the data center market, Hwang In-hoon stated, “This will happen no matter what.” Wong In-hoon added that “densification” of computers will occur. Nvidia wanted to shrink large data centers into a small area because data centers scattered over large areas were inefficient.
As of press release,$NVIDIA (NVDA.US)$An increase of nearly 1%.
Microsoft to cut 650 jobs in Xbox gaming division
According to Bloomberg,$Microsoft (MSFT.US)$The company said it will lay off 650 employees in the Xbox division. This is the third time this year that it has laid off workers in the gaming division. Microsoft is trying to control costs and integrate Activision Blizzard, which it bought for 69 billion dollars. According to a memorandum sent to employees by Phil Company Spencer, the head of Xbox, on Thursday, the jobs cut were “mainly in the company and supporting functions,” and “no game, device, or experience departments have been cancelled, and no studios have been shut down in today's adjustments.”
Google's big model is in the spotlight! EU regulators launch investigation into Palm2 model over data privacy
EU regulators said on Thursday (September 12) that they are investigating a Google artificial intelligence model due to concerns about whether the model complies with the EU's strict data privacy regulations. The Irish Data Protection Commission said it has launched an investigation into Google's large Palm2 model. This is part of the EU's broader effort to regulate artificial intelligence, with other regulators in 27 EU countries reviewing how AI systems handle personal data.
As of press release,$Alphabet-C (GOOG.US)$An increase of over 1%.
Factory downsizing? For sale? A spin-off? Intel ushered in a key turning point this week
After losing favor in the market for a long time,$Intel (INTC.US)$I'm standing at the crossroads of life and death. This week, the company's board of directors held a three-day meeting to discuss how to deal with continued sluggish financial performance and reposition the former chip giant. According to Bloomberg sources quoting sources, the board of directors is considering various strategic options, including reducing the multi-billion dollar factory project, selling some subsidiaries, and possibly splitting the core business into independent companies.
Roku is up nearly 4% in the premarket! Agency forecast: Q3 results may exceed expectations
$Roku Inc (ROKU.US)$It rose nearly 4% before the market. Agency Cleveland Research said on Wednesday that thanks to linear growth, TTD benefits, and CPM (fee per thousand impressions) investment and execution, Roku's third-quarter results may exceed market expectations. Cleveland Research said, “Roku's third-quarter momentum appears strong, thanks to linear growth in Roku TV sales, programmatic efforts, and the company's steady execution of new products/plans.
Micron Technology fell more than 3% before the market and was downgraded to “outperform the market” by Exane. The target price is as low as $67
$Micron Technology (MU.US)$It fell more than 3% before the market. According to news, Exane, the securities division of Bank France and Pakistan, downgraded Micron Technology's rating from “outperforming the market” to “outperforming the market”, with a target price of 67 US dollars. Furthermore, Mike Wilson, chief US stock strategist at Morgan Stanley, said a few days ago that the artificial intelligence (AI) boom that drove the S&P 500 index to a record high earlier this year is gradually fading away, so if US stocks are to resume their upward trend, new catalysts are needed.
Pre-game drop of over 10%! Moderna's 2025 sales forecast disappoints the market
$Moderna (MRNA.US)$With a pre-market decline of more than 10%, sales are expected to be between 2.5 billion US dollars and 3.5 billion US dollars in 2025, and it is predicted that the launch of new products will drive an average annual revenue growth rate of 25% between 2026 and 2028. Last month, the company expected this year's sales to be between $3 billion and $3.5 billion, which would be the lowest annual revenue since Moderna launched its COVID-19 vaccine (the company's first commercial product) at the end of 2020.
CN Energy fell more than 30% in the premarket, and the stock soared 366% yesterday
Yesterday's sharp closing increase of 366.13%$CN Energy (CNEY.US)$It fell more than 30% before the market today. According to the news, CN Energy Group received a notice from Nasdaq indicating that it currently does not meet certain requirements of the relevant listing rules.
Pinduoduo rose nearly 1% before the market, and TEMU surpassed eBay to become the second largest e-commerce website in the world
$PDD Holdings (PDD.US)$It rose nearly 1% before the market. According to news, Similarweb data shows that Temu, an overseas e-commerce platform owned by Pinduoduo, surpassed eBay to become the second largest e-commerce site in the world, and temu.com has nearly 0.7 billion monthly visits.
Taobao responds to connecting to WeChat Pay: the consumer side has gradually opened up, and all can be used at the end of September
$Alibaba (BABA.US)$Taobao, its trading platform, announced that starting today, Taobao will officially gradually open WeChat Pay to all Taobao Tmall merchants. In response, Taobao customer service said that after the merchant is launched in batches, the consumer side will launch WeChat Pay in full. “Currently, we are promoting merchants to launch in batches, and consumers are also gradually opening trials. Please be patient. According to the pace, it is expected that all consumers can use WeChat Pay by the end of September.”
JD's payment subsidy level has been upgraded, and it will invest 5 billion yuan in the next three years
On September 12, on the first day of the 2024 China International Trade in Services Fair Financial Services Special Event,$JD.com (JD.US)$Payments announced a further upgrade in services and subsidies. In the next three-year plan, JD Pay will invest more than 5 billion yuan to subsidize users and donate more than 0.15 billion yuan of orders for public welfare services. Up to now, JD Pay has provided services to over 0.58 billion users.
BeiGene responds to being sued again by AbbVie: denies the charges and will launch a firm defense
According to overseas pharmaceutical industry media Fierce Biotech, multinational pharmaceutical companies$AbbVie (ABBV.US)$Recently sued again$BeiGene (BGNE.US)$The reason is that the latter plagiarized its BTK degrader (BTK degrader) trade secret. BeiGene, on the other hand, said it has learned that AbbVie has recently filed a lawsuit against the company. The lawsuit includes the compound BGB-16673 independently discovered by BeiGene.
As of press time, BeiGene is down nearly 7%.
Nvidia surged 8% overnight to save US stocks! Earn 10x more with multiple calls
$NVIDIA (NVDA.US)$Overnight, the volume surged more than 8%, and the volume surged nearly 2 times from the previous trading day. In the options chain, multiple forces are the main players in the market. In the options chain, multiple forces are the main players in the market. Call orders expiring this Friday with an exercise price of 110 US dollars have the highest trading volume, reaching 0.15 million, with an unclosed position volume of 0.037 million. In addition, a number of calls that expired on Friday and had an exercise price of between $115-125 made huge profits, and the premium increased more than tenfold.
SpaceX private astronaut successfully takes first step in commercial spacewalk
At 6:12 a.m. EST on Thursday, SpaceX private astronauts began their first commercial spacewalk, a core part of the privately funded “Dawn of the North Star” space flight. Tech industry billionaire Jared Isaacman was the first to leave the capsule through the hatch after carrying out leak checks and increasing pressure on the spacesuit. The entire spaceship was exposed to the vacuum of space.
“Black Myths: Goku” sold 18.9 million copies on Steam, with a total revenue of nearly 6.5 billion
According to the latest data from VG Insights, “Black Myths: Goku” has sold 18.9 million copies on the Steam platform, with total revenue exceeding 0.905 billion US dollars (about 6.448 billion yuan). Furthermore, “Black Myths: Goku” achieved 31.1% and 6.0% of all achievements on the Steam platform, respectively. Wu Dan, the game's first investor, said the game is expected to sell 30 million sets during its life cycle.
Global macroscopic
Goldman Sachs CEO: The job market is showing signs of weakness, and the Fed is still likely to cut interest rates by 50 basis points
Goldman Sachs CEO Solomon said that due to signs of weakness in the job market, the Federal Reserve may still choose to cut interest rates more drastically than expected. Solomon said, “Based on further weakness in the labor market, [the Federal Reserve] has reason to cut interest rates by 50 basis points.” “I think that's about 30% likely.” Solomon said that his most optimistic guess is that the Federal Reserve may cut interest rates by 25 basis points, but it may cut interest rates two to three times before the end of the year.
UBS CEO: Market expectations for the Fed's interest rate cut are too aggressive and optimistic about a soft landing in the US economy
The UBS CEO said that the fight against inflation is not over yet, and some investors seem to be expecting too much that the Fed may cut interest rates sharply this month; the market seems to be expecting the Fed to take such aggressive action; the question of whether the Fed will cut interest rates at the end of the next policy meeting on September 18 has already been answered to a large extent. The “most important” issue the Federal Reserve needs to consider is still inflation, which is still very difficult and is not “fully controlled.”
What signals does the “strange” fluctuation in US bond yields release? Economist: The Fed's policy narrative “has no anchor”
Economist Mohamed El Erian said that two-year US Treasury yields fluctuated sharply on Wednesday, highlighting the lack of firm statements about the trajectory of the US economy and the Federal Reserve's guidance on monetary policy. This is part of the current “unanchored” model, which urgently requires stable influence. This impact usually comes from dominant economic narratives rather than current ping pong narratives, or forward-looking policy guidance, rather than an era where the Federal Reserve relies too much on data.
The outlook for the oil market is bleak! IEA: Global oil demand growth has “drastically slowed”, and OPEC+ production cuts have not helped
The International Energy Agency (IEA) released a monthly report saying that the growth in global oil demand “has slowed sharply”, which has pushed oil prices to a low point in three years. According to the IEA, global oil consumption increased by 0.8 million b/d in the first half of this year, which is only one-third of the increase in the same period in 2023. This is the lowest level since oil demand plummeted during the 2020 pandemic.
Top 20 pre-market turnover of US stocks
US Stock Macro Calendar Reminder
(The following are all Beijing time)
22:30 US EIA natural gas inventory for the week of September 6 (100 million cubic feet)
Early the next morning
03:40 US Democratic presidential candidate Harris delivers campaign speech in Charlotte, North Carolina
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