Zhong Guo Ji Jin Bao·2025-07-25 00:24Group 1: Market Overview - The U.S. stock market showed mixed results with the Dow Jones Industrial Average dropping over 300 points, while the Nasdaq and S&P 500 indices reached new highs [2][3] - As of the market close, the Dow fell by 316.38 points (0.70%) to 44,693.91, the Nasdaq rose by 37.94 points (0.18%) to 21,057.96, and the S&P 500 increased by 4.44 points (0.07%) to 6,363.35 [3] Group 2: Federal Reserve and Economic Policy - President Trump visited the Federal Reserve, marking an escalation in his pressure on the institution regarding interest rates [5] - Trump discussed interest rates with Fed Chair Jerome Powell, expressing that a reduction of three percentage points could save the U.S. over $1 trillion [5] - The Federal Reserve held its first-ever public meeting on bank capital regulation, with discussions including the potential impact of artificial intelligence on financial regulation [5] Group 3: Banking Sector Performance - Most bank stocks experienced slight fluctuations, with JPMorgan down 0.05%, Goldman Sachs up 0.25%, Citigroup down 0.61%, Morgan Stanley up 0.18%, Bank of America up 0.57%, and Wells Fargo up 0.20% [6][7] Group 4: Technology Sector Developments - Major tech stocks mostly rose, with Nvidia, Amazon, Google, and Microsoft each gaining over 1%, while Tesla saw a significant drop of over 8% [6][8] - Elon Musk denied claims that he intended to destroy his companies, emphasizing his support for their growth [8] Group 5: Intel's Financial Performance - Intel reported a second-quarter loss of $0.67 per share, with revenues of $12.9 billion, which was above expectations [11] - The company plans to cut approximately 15% of its workforce, despite a positive outlook for its data center and AI revenue [11]