Sou Hu Cai Jing·2025-05-29 03:04Market Summary - Major US indices experienced declines, with the Dow Jones Industrial Average down by 244.95 points (-0.58%) to 42098.7, and the Nasdaq down by 98.22 points (-0.51%) to 19100.94 [2] - European indices also fell, with the Euro Stoxx 50 down by 37.06 points (-0.68%) to 5378.39 and the German DAX down by 188.3 points (-0.78%) to 24038.19 [2] - Asian markets showed mixed results, with the Hang Seng Index down by 123.68 points (-0.53%) to 23258.31, while the Korean KOSPI rose by 32.93 points (1.25%) to 2670.15 [2] Legal and Regulatory Developments - The US International Trade Court blocked President Trump's tariff policy announced on April 2, ruling that the president overstepped his authority by imposing comprehensive tariffs on countries exporting more than they import [3] - The lawsuit was initiated by the Freedom Justice Center on behalf of five affected small businesses, marking a significant legal challenge to Trump's tariff policies [3] Visa and Immigration Policies - The US State Department announced plans to revoke visas for Chinese students, particularly those studying in key fields, and will enhance scrutiny on all visa applications from China and Hong Kong [4] - The announcement was confirmed by Secretary of State Rubio, although specific details regarding affected fields and the number of students were not provided [4] Education Sector Pressures - President Trump pressured Harvard University to limit its foreign student population to 15%, citing that approximately 31% of its students are international [5] - The US government has recently taken measures against Harvard, including revoking its eligibility for the Student and Exchange Visitor Program [5] Federal Reserve Insights - The Federal Reserve's meeting minutes indicated a cautious approach to interest rate cuts due to increased economic uncertainty, particularly regarding the impacts of Trump's tariff policies [6] - Officials expressed concerns about potential inflation and rising unemployment rates in the coming months [6] NATO Military Expansion - NATO plans to increase its target for combat brigades from approximately 80 to between 120 and 130, potentially adding up to 350,000 soldiers [7] - The alliance will also propose raising defense spending targets from 2% to 5% of GDP, with specific allocations for defense and broader security-related expenditures [7] Nvidia Financial Performance - Nvidia reported Q1 revenue of $44.1 billion, a 69% year-over-year increase, surpassing market expectations of $43.1 billion [8] - The company's net profit was $18.775 billion, slightly below the expected $20.767 billion, while data center revenue grew by 73% to $39.1 billion [8] - Nvidia anticipates Q2 revenue to fluctuate around $45 billion, with analysts predicting $45.5 billion [8] OpenAI IPO Plans - OpenAI's CFO indicated that the company's restructuring is paving the way for a potential IPO, contingent on market conditions and the company's readiness [9] - The structure of the public benefit corporation allows OpenAI to pursue an IPO if desired [9]