The US core CPI fell to 3.6% year on year in April, reaching its lowest level in nearly three years. The month-on-month growth rate declined for the first time in six months, triggering a rise in market expectations that the Federal Reserve might accelerate interest rate cuts during the year. However, the “New Federal Reserve News Agency” predicts that despite rising expectations of interest rate cuts, the Federal Reserve may remain on hold until September.
Berkshire Hathaway reduced some of Apple's shares in the first quarter, but despite this, Apple remains one of the company's major investments. Meanwhile, Berkshire revealed for the first time its major investment in insurance giant Zurich insurance company Chubb, with a position value of 6.7 billion US dollars. Chubb stock rose more than 6% after Buffett's disclosure.
On the stock market side, both the S&P 500 and NASDAQ indices rose more than 1% due to lower than expected core CPI data. Chip stocks rose for the fourth day in a row, and Nvidia rose 3.6% on the same day. Ultramicrocomputers in the AI field surged nearly 16%, and Dell also recorded an 11% increase. Meanwhile, Tesla's stock price fell 2%, while stocks organized by retail investors such as AMC and GameStop fell sharply.
In the bond market and currency market, 10-year US Treasury yields and the US dollar index both fell sharply after the CPI data was released, both hitting new lows in five weeks. The yen rose sharply against the US dollar by more than 1%. The commodity market is also active. Crude oil prices experienced a V-shaped reversal and rebounded from intraday lows. Gold and silver prices also hit new highs in three weeks and 11 years, respectively. London copper prices rebounded 1%, creating two more...

On 14 May, the treasurer, Jim Chalmers, will hand down the Australian Federal Budget for the 2024-25 financial year.
What we know so far about the federal budget
The government hopes to deliver targeted cost-of-living relief without stoking inflation pressures.The budget will also fund wider reforms in areas like education, health, infrastructure and manufacturing.
Tax cut: The biggest cost-of-living package that will be trump...

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We're thrilled to announce our upcoming live streaming event, where we'll be joined by Jessica Amir, Moomoo official market strategist and Bowen Yu, Chartered Financial Analyst.
AI will change the world as we know it, and we have not missed the boat. The rise of generative AI has driven advancements in various technology industries like chips, cloud computing, and software applications.
As we are in 2024, many investors wonder if there are ...