On July 15, White House National Economic Council Director Hassett stated that data shows there is no reason for the Federal Reserve to raise interest rates. He believes that Waller will guide the Fed to the correct conclusion regarding interest rate issues. Iran's ability to threaten the global economy has diminished.
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White House National Economic Council Director: Data Shows No Reason for Fed Rate Hike
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Executives from SpaceX, Boeing, and Lockheed Martin to Attend White House Event Today
On July 15, according to market news, executives from SpaceX, Boeing, Lockheed Martin, and other companies will attend an event at the White House today. -
U.S. Military: Iran Strike Completed in 90 Minutes
On July 15, U.S. Central Command announced that the strike against Iran was completed at 7:30 AM Eastern Time (7:30 PM Beijing Time) on July 15. During the 90-minute attack, Central Command launched precision-guided munitions at coastal defense systems and cruise missile storage and launch sites on Qeshm Island. -
Morgan Stanley Q2 Revenue Reaches $21.3 Billion, Exceeding Expectations
On July 15, Morgan Stanley (MS.US) reported a second-quarter revenue of $21.3 billion, surpassing market estimates of $19.7 billion. The wealth management revenue for the second quarter was $8.9 billion. -
Trump: House Passes Bill I Support for Permanent Daylight Saving Time
On July 15, President Trump announced: Good news! The House has passed the bill I support for permanent daylight saving time. -
Chinese Hedge Funds Profiting from AI Seek Exit Opportunities
On July 15, Bloomberg reported that Chinese hedge funds, which have profited significantly this year from heavy investments in AI-related stocks, are beginning to gradually reduce their risk exposure. They have warned investors to remain highly vigilant regarding signals that this rebound may not be sustainable. An investor letter revealed that the 'Growth Strategy No. 3 Fund' under Shanghai Everlead Capital achieved a return of up to 164% as of May 31 this year. The firm has informed investors that they have recently cut back on their positions in optical communication and advanced packaging companies. Additionally, another private equity firm, Hunjin Capital, which manages over 5 billion yuan, indicated in a May investor letter that its 'Yueyang G1 Fund' had increased by one-third in the first five months of this year and has also sold some AI stocks. Their reasoning is based on concerns that the magnitude and speed of this surge are too great. Nevertheless, these funds have not yet issued warnings of an impending 'bubble burst.' Some institutions point out that solid industry fundamentals and real performance are driving this rebound, but they are also closely monitoring potential critical points that could trigger larger-scale cash-out exits. These institutions have identified specific trigger signals that, once reached, will prompt more significant cash-out exits. -
US Military Launches New Strikes Against Iran
On July 15, the US Central Command announced that at 6 AM Eastern Time (6 PM Beijing Time), US Central Command forces began a series of strikes against Iran. These strikes are aimed at further weakening Iran's military capabilities used to attack commercial shipping in the Strait of Hormuz. (Jinshi) -
Rubio Convenes AI Economic Diplomacy Conference Today
U.S. Secretary of State Rubio will host the inaugural meeting of the Economic Diplomacy Action Group (EDAG) on Wednesday. This mechanism was established during the Biden administration and has been in place for two years. A State Department official stated that the group consists of heads from various federal agencies, tasked with "determining the direction and priorities of U.S. economic policy to advance U.S. diplomatic objectives." These objectives include "maintaining U.S. leadership in the field of artificial intelligence." Officials from the State Department, Department of Commerce, Department of Energy, Department of Agriculture, Department of Defense, and Department of Treasury will also be in attendance, along with leaders from the U.S. Trade Representative, Export-Import Bank of the United States, Development Finance Corporation, U.S. Trade and Development Agency, Small Business Administration, Millennium Challenge Corporation, and the White House Office of Science and Technology Policy. -
White House's Hassett Critiques: All 67 Economists Wrong on CPI Forecast
On the 14th, Kevin Hassett, chairman of the White House Council of Economic Advisers, stated in an interview regarding the June CPI report, "All 67 economists surveyed by Bloomberg got it wrong!" He noted that the June CPI decreased by 0.4% month-over-month, marking the largest monthly decline in six years, thanks to various cost-cutting measures implemented by President Trump. -
Trump: Inflation Caused by Democrats Has Significantly Decreased and Will Further Decline
On July 15, President Trump stated: Good news, the inflation caused by the Democrats has significantly decreased, and we will further reduce it. -
Baidu Surges About 2% Pre-Market on Reports of AI Search Feature for Apple Devices
On July 15, Baidu (BIDU.US) surged about 2% in pre-market trading. Media sources citing insiders revealed that Apple and Baidu will collaborate to develop AI features for iPhone users in China. Baidu is focusing on developing an AI-based search function as part of Apple's intelligent feature suite, capable of processing images and text, and upgrading to a China-specific version of the Siri voice assistant. On June 23, overseas blogger One Jailbreak discovered "Baidu Visual Search" in the ExtensionKit while dissecting iOS 27 Beta 2 code. Today, the Cyberspace Administration of China released filing information for seven mobile-side generative AI services, with Apple Intelligent included.
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