Key TakeawaysThe Federal Reserve enacted a widely anticipated 25-basis-point rate cut, bringing the federal funds rate to a range of 4%-4.25%. Markets showed a mixed reaction, with the S&P 500 dipping slightly and the dollar strengthening. The Fed signaled two more cuts are likely this year.Apple (AAPL) is reportedly testing foldable iPhones in Taiwan, aiming for a 10% boost in total phone shipments in 2026, with a preliminary target of producing around 95 million units. The company expects the foldable mod ...

Core Insights - Alibaba's shares increased following reports that it secured a significant customer for its AI chips, specifically China Unicom [1][2] - China Unicom will utilize Alibaba's AI accelerators as part of a new data center project, which will also incorporate chips from other domestic companies [3] - The partnership highlights China's push to enhance the use of domestic semiconductors for AI amid uncertainties regarding Nvidia's access to the Chinese market [3][4] Company Developments - Alibaba's computing power will be integrated into China Unicom's new data center project, which is located in Qinghai province [3][5] - The collaboration was revealed through a CCTV report showcasing a billboard related to China Unicom's Sanjiangyuan data center [5] - Alibaba is recognized as a leading player in AI and cloud computing in China, with ongoing development of its own AI models and new AI chips [4]

** Mainland Chinese stocks hovered near a 3-1/2-year peak. ** China's blue-chip CSI300 Index was up 0.6% by the lunch break, while the Shanghai Composite Index gained 0.4%. Hong Kong's benchmark Hang Seng Index was up 1.4%. ** Tech majors, which traded in Hong Kong, jumped 3.5% following an overnight rally of their counterparts in New York. ** Baidu surged nearly 16% to its highest level since October 2023. Shares of Alibaba were up 5% at their strongest point since November 2022.Live Events ** A number of ...

Key TakeawaysHong Kong's Hang Seng Tech Index surged over 2%, driven by a nearly 10% jump in Baidu shares amid reports of its self-designed AI chip utilization and broader tech sector strength.The U.S. Dollar softened across the board as markets firmed bets on a Federal Reserve interest rate cut this week, following remarks from Chair Powell.China is actively trialing its first domestically built advanced tools for AI chipmaking, a strategic move to reduce reliance on foreign technology amidst U.S. export r ...

US stocks held broadly steady on Wednesday in the countdown to the end of Federal Reserve's policy meeting, overwhelmingly expected to usher in the first US interest rate cut of 2025. The S&P 500 (^GSPC) rose less than 1%, while the tech-heavy Nasdaq Composite (^IXIC) nudged nearly 0.1% lower. The Dow Jones Industrial Average (^DJI) moved up nearly 0.4%. The moves come after the major US gauges ended Tuesday little changed. Investors are keeping their powder dry in anticipation that the Fed will start t ...

US equity futures are fractionally lower with small caps lagging as the record-breaking rally in stocks appeared to be running out of steam. At 8:15am ET, S&P 500 futures slid 0.1% after all major US indexes hit all-time highs on Thursday, however Nasdaq 100 futures are still in the green amid an relentless tech bid: Microsoft rose in premarket trading, leading the Mag 7 after it avoided a hefty antitrust penalty from the European Union. Europe’s Stoxx 600 eased as well. Incremental headlines after yesterda ...

“[Thursday’s] CPI report has been trumped by the jobless claims report,” said Seema Shah at Principal Asset Management. “If anything, the jump in jobless claims will inject a bit more urgency in the Fed’s decision-making, with Powell likely signaling a sequence of rate cuts is on the way.”The U.S. Bureau of Labor Statistics report released on Thursday showed that consumer prices rose +0.4% m/m in August, stronger than expectations of +0.3% m/m. On an annual basis, headline inflation picked up to +2.9% in Au ...

That's a wrap!If you found it insightful, reshare it with your network.Find me → @_avichawlaEvery day, I share tutorials and insights on DS, ML, LLMs, and RAGs.Avi Chawla (@_avichawla):- All Meta Llama models use Attention- All OpenAI GPT models use Attention- All Alibaba Qwen models use Attention- All Google Gemma models use AttentionLet's learn how to implement it from scratch: ...

Hello and welcome to Morning Brief Market Sunrise. I'm Ramzan Karali live from Yahoo Finances studios in London. It's Thursday 11th September.Coming up on the show, consumer price inflation is out later this morning. It's expected to show that prices remain sticky in August. The largest IPO of 2025, Cler was a hit on its first day of trading on Wednesday.But it wasn't alone. Meme stock Open Door gets a new CEO. And just who is the richest man in the world right now.So grab your coffee and let's own the morn ...

Accessible version China: An Equity Strategist's Diary (H/A) Weekly wrap (1-5 Sep): Signals to spur domestic demand and policy coordination Equity Strategy Weekly index performance, Wax & Wane (W&W) indicator HSCEI +1.2%/CSI 300 -0.8%: The onshore market, especially AI/robotics names, pulled back after regulators were reportedly considering cooling measures following the sharp stock market rally since Aug, which included removing some short selling curbs and options to rein in speculative trading, aimed at ...