Feng Huang Wang·2025-09-11 23:04Economic Indicators - The U.S. August CPI data and initial jobless claims indicate a cooling job market, clearing obstacles for the Federal Reserve to lower interest rates next week [1][5] - Economists expect the Fed to cut rates by 25 basis points next week, with discussions of a potential 50 basis points cut, and a total reduction of 75 basis points for the year [2] Stock Market Performance - Major U.S. stock indices reached historical highs, with the Dow Jones Industrial Average surpassing 46,000 points for the first time [1] - The S&P 500 rose by 0.85% to 6,587.47 points, the Nasdaq Composite increased by 0.72% to 22,043.07 points, and the Dow gained 1.36% to 46,108 points [1] Notable Stock Movements - Nvidia decreased by 0.08%, while Apple increased by 1.43%, and Tesla surged by 6.04% due to strong Model Y orders [3][4] - Alibaba's stock rose by 8%, reaching a new high since the end of 2021, influenced by the overall positive sentiment in the market [4][7] Chinese Stocks - The Nasdaq Golden Dragon China Index increased by 2.89%, with several Chinese stocks also showing significant gains, including Baidu up 3.92% and JD.com up 3.24% [7] Corporate Developments - OpenAI and Microsoft have reached a preliminary agreement on future collaboration, potentially paving the way for OpenAI to transition from a non-profit to a more traditional corporate structure [8] - Reports suggest that Larry Ellison is considering a significant investment to help his son build a media empire, with potential acquisitions involving Warner Bros. Discovery [9] Regulatory Actions - The FTC has initiated an investigation into the risks posed by AI chatbots to minors, requesting information from several major tech companies [10] Apple Inc. Developments - Apple has faced a downgrade from two investment banks, marking the largest cold reception from Wall Street in five years, with its recommendation consistency dropping to 3.9, the lowest since early 2020 [11][12]