US stocks closed | Concerns about the banking crisis reignited. US stocks fell to four-week lows, and the three major indices fell by more than 1%; financial reports were favorable, and Microsoft and Google rose after the market

This regional bank has been closely watched. Investors are increasingly worried that First Republic Bank may face the same fate of bankruptcy as Silicon Valley Bank and signature banks. In March, the collapse of Silicon Valley Bank and Signature Bank triggered a crisis in the entire banking industry. So far this year, First Republic Bank's stock price has fallen by more than 93%.
According to another report, the bank is trying to sell $100 billion in loans and bonds to strengthen its balance sheet.

The US White House said on April 25 that Biden will veto US House Speaker McCarthy's debt ceiling plan. Earlier, US House Speaker McCarthy said that the House of Representatives would pass his proposed plan to raise the government debt ceiling by 1.5 trillion US dollars; however, when asked if he had secured the required 218 Republican votes, he did not respond directly.

On Tuesday (April 25) local time, US Treasury Secretary Yellen warned that if Congress fails to raise the federal government's debt limit and the resulting default, it will trigger an economic disaster and cause interest rates to rise in the next few years.

In January of this year, the US federal government debt reached the legal limit of about 31.4 trillion US dollars. The US Treasury immediately deployed so-called extraordinary measures to temporarily avoid debt defaults, including suspending investments in certain government accounts, which would allow the Treasury to continue making payments to bondholders, social insurance beneficiaries, and others.

On Tuesday (April 25), the artificial intelligence research company OpenAI said in an announcement posted on its official website that users of the chatbot ChatGPT can now prevent chat records from being used to train models by clicking on the switch in the settings.

Compared to this improvement, the news in the second half of the announcement was clearly more exciting. OpenAI said the company is developing a new “ChatGPT Business” subscription service for professionals who want to control data and businesses seeking to manage end users.

Simply put, ChatGPT Business is the enterprise version of ChatGPT. According to OpenAI, the company plans to launch this new service within the next few months, and it will follow the API data usage rules, that is, by default, data from enterprise users will not be used to train models.

According to people familiar with the matter, $First Republic Bank (FRC-N) $) is considering divesting 50 billion to 100 billion US dollars of long-term securities and mortgages as part of a large-scale bailout plan.

People familiar with the matter, who did not wish to be identified, said that the sale would help reduce the bank's mismatch between assets and liabilities. A person familiar with the matter said that First Republic may offer warrants or preferred shares to potential buyers, including major US banks, to encourage them to buy their assets at a price above market value.

After the market on Tuesday, Microsoft released financial data for the third fiscal quarter. Of this, revenue of $52.9 billion was higher than analysts' expectations of $51.03 billion; earnings per share were $2.45, higher than analysts' expectations of $2.24. In terms of major business, productivity and business services revenue reached 17.5 billion US dollars, up 11% year on year; smart cloud revenue was 22.1 billion US dollars, up 16% year on year; and PC business revenue was 13.3 billion US dollars, down 9% year on year. After the earnings report was released, Microsoft's stock price rose more than 8% after the market.

Microsoft CEO Nadella said in a statement that the company's performance indicates the beginning of a “new era of computing,” and that the world's most advanced artificial intelligence model is being combined with the world's most common user interface, natural language.

Google's parent company Alphabet had revenue of 69.79 billion US dollars in the first quarter, higher than analysts' expectations of 68.99 billion US dollars. Among them, Google Cloud has revenue of 7.456 billion US dollars and is expected to be profitable for the first time, which is expected to be 7.46 billion US dollars; advertising revenue is 54.55 billion US dollars, which is expected to be 53.79 billion US dollars; earnings per share are 1.17 US dollars, and analysts expect 1.09 US dollars. Google also announced that its board of directors authorized up to an additional $70 billion in repurchases. Affected by this, Google rose more than 2% after the market.

The technical side

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