On July 15, Federal Reserve Chairman Waller stated during the "Federal Reserve Semiannual Monetary Policy Report" hearing that recent inflation data does not perfectly reflect underlying inflation conditions. He noted that any central bank would be pleased when data moves in the right direction. One-off price changes do not necessarily lead to inflation. Regarding the impact of artificial intelligence, he expressed that in the short term, AI investment is beneficial for employment, and AI will trigger disruptive changes. AI investment could be very favorable for employment as the U.S. is building infrastructure. Waller mentioned that he is seeking access to a range of new AI models, and currently observes that the impact of AI on demand is faster than its impact on supply.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Waller: Recent Inflation Data Does Not Fully Reflect Real Pressures; AI Investment Beneficial for Employment in Short Term
-
Wechat scan to share
Recommended for you
-
Waller: Whether AI Causes Inflation Depends on the Federal Reserve
On July 15, Federal Reserve Chairman Waller stated that he expects artificial intelligence to raise observable price levels in the next 12 months, and whether AI will lead to inflation depends on the Federal Reserve. He believes that AI is a long-term job creator and may have disruptive effects. Regarding the short-term impact of AI, Waller mentioned that it cannot be guaranteed that there will be no job disruptions, nor can it provide reassurance on employment issues. 'The price surge triggered by artificial intelligence is real, and I do not want to downplay it,' he said. (Jinshi) -
U.S. May Intend to Apply Comprehensive Economic Pressure on Iran
Mehran Kamrava, a professor of government at Georgetown University in Qatar, pointed out that the Iranian government is "deliberately" announcing the deaths of seven soldiers in a U.S. military attack, attempting to rally national sentiment and solidify public support during wartime. He stated that Iran is experiencing a resurgence of nationalism, with authorities emphasizing the soldiers' sacrifice for the country to maintain public support for the regime. This support is crucial as Iran is deeply mired in high inflation, high unemployment, and economic losses amounting to $270 billion. Kamrava believes that Iran is aware it cannot compete militarily with the U.S., and is therefore shifting the focus of the conflict to the economic realm, with attacks on shipping being a manifestation of this strategy. The U.S. may also respond with similar measures. He noted, "Revolutions cannot occur in hunger. When the public begins to worry about their next meal, basic safety, and housing, the U.S. may attempt to exhaust Iran's economic resilience." (Jinshi) -
Dell (DELL.N) Shares Drop 13%, Largest Intraday Decline Since April 2025
Dell (DELL.N) shares have fallen by 13%, marking the largest intraday decline since April 2025. -
Philadelphia Semiconductor Index Drops Over 3%
On July 15, the Philadelphia Semiconductor Index fell by more than 3%. Among the component stocks, Micron Technology dropped nearly 8%, while Intel and AMD fell over 5%. KLA and Lam Research declined by over 4%, and Applied Materials decreased by nearly 4%. GlobalFoundries dropped nearly 3%, and Texas Instruments, Microchip Technology, and ON Semiconductor fell over 2%. TSMC, Qualcomm, NVIDIA, and ASML all dropped over 1%. -
U.S. Stock Market Sees Major Drop in Memory Chip Stocks: SanDisk Falls Over 13%, SK Hynix Drops Over 10%
On July 15, memory chip stocks in the U.S. market experienced a significant decline, with SanDisk falling over 13%, SK Hynix dropping over 10%, Seagate Technology down by 9%, Western Digital decreasing by over 8%, Micron Technology and Nanya Technology both falling over 7%, and Rambus dropping over 4%. -
Microsoft Executive VP: Anthropic's Product Slower and Less Accurate than Copilot
Jacob Andreou, Microsoft's Executive Vice President, compared the company's flagship AI assistant Copilot with Anthropic's Claude used in Microsoft Office products. He stated that Anthropic's product is slower, less accurate, and lacks proper safety integration. During the presentation, Andreou said, 'We know that everyone here is competing daily with products from OpenAI and Anthropic.' He added that his team is working to make the Copilot application more competitive. (Bloomberg) -
Sources: Apple Reportedly Seeking to Acquire AI Chip Business
On July 15, sources familiar with Apple's operations indicated that the company is looking to acquire a chip company to bolster its efforts in building server chips for artificial intelligence. In recent months, the iPhone manufacturer has been in discussions with bankers regarding potential deals. The sources also mentioned that Apple has reached out to semiconductor startups to gauge their interest in selling. This move to acquire chips comes amid performance issues with the company's internal AI servers. -
SK Hynix ADR Declines Narrowed to 3.3%
On July 15, SK Hynix's stock price decline narrowed to 3.3%, trading at $187.445 per share, with a total market capitalization of $1.37 trillion. At one point during the early trading hours, SK Hynix's U.S. stock fell by as much as 9%. -
U.S. Stock Decline in Memory Chip Sector Worsens: SanDisk Drops 10%, Micron Falls Over 5%
On July 15, the decline in U.S. memory chip stocks further intensified, with SanDisk plummeting by 10%. Western Digital and Seagate Technology both fell by over 7%, SK Hynix dropped by over 6%, and Micron Technology decreased by over 5%. -
SK Hynix ADR Drops Over 9%, Premium Over Korean Stock Narrows to About 26%, Leading Decline in Storage Stocks
On July 15, SK Hynix (SKHY.US) experienced a significant pullback, dropping over 9% at one point in early trading, reaching a low of $176.01, with its premium over the Korean stock narrowing to about 26%. Other storage-related stocks also declined, with SanDisk falling over 5%, Seagate Technology and Western Digital dropping over 3%, and Micron Technology down over 2%. SK Hynix's American Depositary Receipts (ADR) hit a new high since listing on Tuesday, closing up 27.3% at $193.92, which is a 51% premium over the Seoul stock price (Sunday's closing price).
Daily Must-Read
-
From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
-
From AI Router to Agent Economy Network: How UniKey Builds the Next Generation of AI Infrastructure
-
SuperStrike: As AI Takes Over Financial Decision-Making, A New Era of Wealth Creation Begins
-
The largest IPO in history! Panoramic analysis of SpaceX's IPO: trillion dollar valuation, track change, and Musk's trillion dollar net worth
-
The 90 trillion yuan track is officially legalized: the United States opens up perpetual contracts on the blockchain, and encrypted finance completely rewrites the global trading landscape
-
PayStill Enters the Pure PAYS Era: A Value Aggregator Embarking on a New Growth Cycle
All Comments