The headline news that was jointly reported by global financial media last night and this morning mainly included:

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

After the intense market turbulence last week that triggered Wall Street panic, financial markets raised expectations of a US economic recession.

According to models from Goldman Sachs and JPMorgan, the probability of a recession is not high, but it has significantly increased from previous forecasts. The main factors are the trend of US bonds and the performance of stocks sensitive to the business cycle.

Goldman Sachs said that the current stock and bond markets believe that the possibility of a US economic recession is 41%, higher than the 29% in April. This change in expectations is due to market bets that the Federal Reserve will adopt aggressive rate cuts, and the lagging price of stocks sensitive to the business cycle. According to JPMorgan's model, the probability of a recession is 31%, more than 10 percentage points higher than the 20% since the end of March.

JPMorgan strategist Nikolaos Panigirtzoglou said that the economic recession risk reflected in the model reflects the expected rate cut after last month's non-farm payroll report. He said that the stock market forecasts only a one in five chance of a recession, but the probability has increased significantly compared to earlier this year when the stock market hit new highs and the market believed there was no chance of a recession.

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

"We want to be absolutely sure," Bostic said at a conference of African American financial professionals in Atlanta on Tuesday. "If we start cutting interest rates and then have to raise them again, it will be very bad."

"We want to be absolutely sure," Bostic said at a conference of African American financial professionals in Atlanta on Tuesday. "If we start cutting interest rates and then have to raise them again, it will be very bad."

Bostic reiterated his stance since March this year that he may be ready to cut interest rates "by the end of this year".

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

US Vice President Kamala Harris will release details of her economic vision in North Carolina on Friday. Her focus is on easing voter inflation concerns in the swing state that the Democratic Party hopes to win.

According to an announcement, Harris will deliver a speech in Raleigh on "her plan to lower costs for middle-class families and combat corporate artificially high prices." Harris has been promising to cut costs and blame high prices that hurt American families on companies that pursue high profits.

Since winning the party's nomination last week, the Democratic presidential candidate's policy stance has faced increasing scrutiny. Harris supported a proposal to repeal federal tax on wages charged for receiving tips during her recent trip to Nevada. Donald Trump is also advocating this idea.

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

Mike Wilson, strategist at Morgan Stanley, said that although seasonal factors and unclear economic growth prospects may limit the upside of the market for the remainder of this quarter, the possibility of a widespread market crash in the US is also very low.

Wilson accurately predicted the recent decline in the stock market in July. He said that because traders still have lingering fears after last week's major drop, there is little chance of a big collapse. This view is in sharp contrast to Wilson's bold bearish views that have made him famous in recent years. However, he still believes that the S&P 500 index has almost no room for upward movement and expects the benchmark index to fluctuate in the range of 5,000-5,400 points, the lower limit of which means a drop of about 7% from Tuesday's level, and the upper limit is basically the same as the current level.

"I find it hard to imagine us breaking through those high points and bouncing back," he said on Tuesday. "Nor do I think we will collapse completely and usher in a new bear market."

The Gemini AI assistant was first used on the Google Android system and launched the AI Pixel flagship phone.

On Tuesday, August 13th, Eastern Standard Time, Google announced that it would integrate the Gemini AI assistant into its Android system, meaning that Android system devices will have a brand new AI feature assisted by Gemini. At the same time, Google released the first batch of flagship smartphones Pixel 9 series with Gemini AI support.

In a blog post by Google, Sameer Samat, head of the Android ecosystem, said:"We completely rebuilt the assistant experience with Gemini so that you can talk to it naturally as if you were talking to a human. It understands your intentions, follows your thoughts and completes complex tasks. "

Media reports suggest that Google previously had some AI functionality in its Android systems, but this time it is the first time that Google has emphasized the new features driven by edge-side LLM so strongly. At present, Google's income from hardware business is not high, and the latest Android features can help the company create new revenue through the Gemini AI subscription plan.

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

It has been a painful six weeks for Nvidia shareholders. First, the historic crash caused the company's market value to suffer record losses, followed by four consecutive days of nauseating volatility. However, there are now signs that the worst days may be over.

The chip maker's stock price has surged 17% in the past four trading days, adding nearly $4.24 billion to one of the world's largest companies. The rebound also pushed the US stock market higher, as Nvidia's contribution to the S&P 500 index's rise during the same period was about 22%, twice that of the next largest single stock.

"This earnings season Nvidia has received many bullish news from ultra-large data centers, but the impact of arbitrage trading is too great, so this becomes irrelevant," said Ivana Delevska, founder and chief investment officer of Spear Invest. "Since technical pressure has eased, we are now back to the basic narrative, which is why we see this surge."