华尔街见闻早餐｜2025年8月21日

Market Overview - The S&P 500 index experienced a mid-session rebound but still recorded a four-day decline, while gold, oil, and cryptocurrencies saw a rebound [1] - The Federal Reserve's July meeting minutes indicated that most members view inflation risks as higher than employment risks, signaling a hawkish stance [1] - Concerns were raised about the fragility of the U.S. bond market and the impact of stablecoins [1] Federal Reserve Insights - Trump continues to pressure the Federal Reserve, calling for the resignation of board member Lisa Cook, who is implicated in mortgage fraud allegations; Cook responded that she will not be coerced into resigning [1] - Fed Chair candidate Waller stated that there is nothing to fear from cryptocurrency technology and emphasized the need for the Fed to collaborate with the industry on payment innovations [1] Economic Indicators - China's LPR (Loan Prime Rate) remained unchanged in August, with the 5-year LPR at 3.5% and the 1-year LPR at 3% [1] Industry Developments - Hong Kong Exchanges and Clearing (HKEX) is exploring a 24-hour trading mechanism [1] - Baidu reported a 4% year-over-year decline in Q2 revenue, but core net profit increased by 35%, with AI-related business revenue exceeding 10 billion yuan for the first time [1] - Futu Holdings saw a 69.7% year-over-year increase in Q2 revenue, with net profit soaring by 112.7%, driven by strong performance in U.S. and Hong Kong stock trading [1] - OpenAI publicly discussed the possibility of an IPO for the first time, with July marking its first month of revenue exceeding $1 billion [1] - Google held its annual hardware event, introducing four Pixel 10 models integrated with Gemini AI, starting at $799, along with upgraded smartwatches and earbuds [1]