For more global financial news, please visit 24-hour real-time financial news.

Markets

Closing: Inflation data boosted expectations of interest rate cuts, with US stocks closing higher and the Nasdaq rising 2.4%.

Top 20 US stock transactions on August 13th: Starbucks' change of leadership led to a 24.5% increase in stock price.

China concept stocks fluctuate on Tuesday, with Taiwan Semiconductor up 2.8% and Tencent Music plunging more than 15%.

US WTI crude oil fell more than 2% on Tuesday.

Major European indexes closed up, with the German DAX30 index up 0.48%.

Macro

Goldman Sachs and JPMorgan models indicate that the market predicts an increased likelihood of economic recession in the USA.

Atlanta Fed President said he might support interest rate cuts before the end of 2024.

This year, Federal Reserve voting members sent cautious signals, emphasizing a desire to ensure that they will not be forced to raise interest rates after starting to cut them.

Harris to announce economic plan details in swing state North Carolina.

USA's producer price increase was lower than expected, dragged down by service industry costs.

Silicon Valley housing prices break $2 million mark, becoming the first metropolitan area in the US to do so.

Indian banks are facing a wave of resignations, with a resignation rate of over 50% in large private banks.

New strain of monkeypox declared a public health emergency in Africa by the Africa Centers for Disease Control and Prevention.

US auto workers' union sues Trump and Musk, accusing them of trying to intimidate and threaten workers.

Background check company's database made public, involving personal information of 2.7 billion citizens.

Company

Nvidia's sharp rebound has led to a market cap increase of more than $420 billion in four days.

Not satisfied with the milestone victory of anti-monopoly, the US Department of Justice is considering pushing for the separation of Google.

BHP Group Ltd restarts negotiations with union leaders of Chile's copper mine in hopes of ending the strike.

Google's Lixia new product release conference: the Pixel 9 series appeared neatly and there are some new AI tricks.

Bank of America customers bought $5.8 billion worth of US stocks on the dip.

Mexican barbecue chain's stock price plummeted, with news that its CEO is about to defect to Starbucks.

Power shift at OpenAI: Rise of new forces amid management turmoil.

Carbon capture cost drops sharply to $200 per tonne, will this start-up overturn the global energy pattern?

Following apple's lead, Gemini AI assistant is first integrated into the Google Android system, and the strongest AI Pixel flagship phone is released.

Carbon capture cost drops sharply to $200 per tonne, will this start-up overturn the global energy pattern?

Huang Renxun cashed out 4.1 billion yuan in a row.

Comment

Nomura: Yen weakness is temporary amid tensions in the Middle East.

Morgan Stanley strategist Wilson: There is almost no sign of the stock market entering a bear market.

Optimism among small businesses reaches highest level since February 2022, with the narrative of a soft landing in the US returning to focus?

Citi strategy team: major sell-off risk facing US technology stocks.