[US stock index]
On Wednesday, February 12, US Eastern Time, the three major US stock indexes fluctuated, with the S&P 500 index falling 0.27% to 6051.97 points. Dow Jones index fell 0.50% to 44,368.56 points; The Nasdaq index rose 0.03% to 19,649.95.
American debt
On February 12th, the benchmark 10-year US bond yield was 4.62%, and the 2-year US bond yield, which is most sensitive to the Fed’s policy interest rate, was 4.36%.
[Hot American stocks]
Among the popular US stocks, Apple rose 1.83%, NVIDIA fell 1.25%, Microsoft fell 0.58%, Amazon fell 1.65%, Google C fell 0.88%, Google A fell 0.92%, Meta rose 0.78%, Tesla rose 2.44%, TSMC fell 1.13% and AMD rose 0.56%.
[global index]
[China index]
On February 12th, overnight Hang Seng Technology Index futures rose by 2.68%, Nasdaq China Jinlong Index rose by 2.73% and FTSE China A50 Index rose by 1.10%.
[China Stock Exchange]
In terms of popular Chinese stocks, Tencent Holdings (Hong Kong stocks) rose by 3.93%, Alibaba by 4.90%, Pinduoduo by 1.15%, Netease by 3.46%, Ctrip by 3.61%, Baidu by 4.36%, LI by 4.91%, Xpeng Motors by 3.29% and Weilai by 4.08%.
[foreign exchange commodities]
[Global News]
Musk’s X company agreed to pay 10 million yuan to settle Trump’s lawsuit.
X Company (formerly known as Twitter), the social media platform controlled by Musk, agreed to pay about 10 million yuan to US President Trump, thus ending the lawsuit between the two parties. (Cailian)
OpenAI cancels independent release of o3 model, and GPT-5 integrating multiple technologies will be launched in the future.
Altman, CEO of OpenAI, announced that OpenAI will launch a model named GPT-5 in the next few months, which will integrate a lot of OpenAI technologies, including o3, and apply it to ChatGPT and API platforms. Therefore, OpenAI no longer plans to release o3 as an independent model. According to altman’s post, before the launch of GPT-5, OpenAI plans to release the GPT-4.5 model, code-named "Orion", in the next few weeks. Altman said that this will be the last "non-thinking chain model" of OpenAI. Different from o3 and other reasoning models of OpenAI, the non-thinking chain model is often not reliable in the fields of mathematics and physics. (Cailian)
Sam Altman, CEO of OpenAI, said that the model called Orion within the company will be launched in "a few weeks".
Sam Altman, CEO of OpenAI, said that the model called Orion within the company will be launched in "a few weeks". (Cailian)
Altman said that OpenAI will release a new GPT-4.5 model soon.
Sam Altman, CEO of OpenAI, said in a series of posts on social network X on Wednesday that the model called Orion within the company will be launched in "a few weeks". Bloomberg News reported in November that Orion has not yet achieved the expected performance of OpenAI. The release of GPT-4.5 will mark the end of an era of OpenAI. Altman said that this model will be the last model launched by the company to imitate human reasoning without using extra computing power. OpenAI adopts inference model in some newer models, including o1 and o3. Except for Altman’s statement, an OpenAI spokesperson declined to comment. (Sina Finance)
Cuba’s Foreign Minister accuses American government agencies of undermining Cuban social order.
On February 12, local time, Cuban Foreign Minister Rodriguez posted a message on social media accounts condemning some organizations, including the United States Agency for International Development, for infiltrating and destroying Cuban society, imposing colonial values and controlling Cuban elites and the press under the pretext of humanitarianism or defending democracy, so as to consolidate American hegemony. (CCTV News)
Federal Reserve official GOOLSBEE: Today’s inflation data is worrying, but it is only one month’s data.
Federal Reserve official GOOLSBEE said that today’s inflation data is worrying, but it is only one month’s data. (Cailian)
On Wednesday, the overnight reverse repurchase agreements (RRP) used by the Federal Reserve was $67.67 billion.
On Wednesday, the overnight reverse repurchase agreements (RRP) utilization of the Federal Reserve was $67.67 billion.
Keystone, a Singaporean hedge fund, reduced its holdings of Pinduoduo and Ideals in the fourth quarter and opened a position in Netease.
Bloomberg’s analysis of Keystone Investors Pte’s 13F filing documents found that the Singapore-based emerging hedge fund reduced its holdings of Pinduoduo by 1.23 million shares, Yum! China by 810,000 shares, Ctrip by 490,000 shares, New Oriental by 98,000 shares and LI by 36 shares in the fourth quarter. Jiancang Duomanbang Group holds 590,000 shares, Jiancang Netease holds 47,000 shares and Jiancang Futu holds 28,000 shares. Increase the holding of 36,000 Chinese residences. (Sina Finance)
Apple will push TV+ to Android phones in order to increase the number of subscribers.
Apple will push TV+ to Android phones in order to increase the number of subscribers. (Cailian)
Federal Reserve Chairman Powell: If the US Government Efficiency Department (DOGE) headed by Musk attempts to get their hands on the Fed data, it will warn Capitol Hill.
Federal Reserve Chairman Powell said that if the US Government Efficiency Department (DOGE) headed by Musk tries to get his hands on the Fed data, it will warn Capitol Hill. (Cailian)