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Alibaba's Joe Tsai: Poe Forum Sends Positive Signals, Outsiders Underestimate Its Importance

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[He Xiaopeng: The Automotive Industry Should Not Focus On Low Prices, Low Quality, And Employees] He Xiaopeng, Chairman And CEO Of Xiaopeng Motors, Said That The Core Of New Quality Productivity Is Technological Innovation, Which Leads Industry Innovation. Technological Innovation Should Be A Strong Difference, With Higher Gross Profit And A Healthy Ecosystem. I Think Today's Automotive Industry Can Focus On Technology And User Experience, But It Should Not Focus On Low Prices, Low Quality, And Employees

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[Lip-bu Tan To Continue Intel's Foundry Business Amidst Challenges And Investor Optimism] Lip-bu Tan, The Incoming CEO Of Intel, Plans To Continue Intel's Foundry Business, Aiming To Manufacture Chips For Other Companies Despite Previous Losses And The Ouster Of Former CEO Pat Gelsinger. While Investors Reacted Positively To Tan's Appointment With A 10% Stock Increase, Questions Remain About Potentially Splitting The Foundry And Chip-design Businesses, And Intel Faces Challenges Competing With TSMC And Securing Its Position In The AI Chip Market. Intel, Which Lost $19.2 Billion Last Year, Will Proceed Cautiously With Manufacturing Expansion, Balancing Costs Across Its Factories In Multiple Countries.

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[Bank Of America Recommends Software Stocks As Defensive Investment Amid Recession Concerns] Bank Of America Suggests Software Stocks, Particularly Infrastructure And Back-office Application Vendors Like Microsoft (MSFT), Oracle (ORCL), CCCS, And Workday (WDAY), As A Defensive Play Amid Recession Fears. Historically, Software Revenue Slowdown Lags Recessions By Two To Three Quarters, And The Sector's 18% Drop Since February 18 Is Less Than The Average Correction. While BofA Expects E-commerce Vendors Like Shopify To Face Tariff Risks, They Still Believe The Software Demand Cycle Will Be Stable, Perhaps Even Improving Through 2025.

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Japan's Nikkei Tracks US Peers Higher, Climbs Over 1%

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[Oil Prices Stabilize Amidst Production Increase And Slowing US Inflation] Oil Prices Stabilized After A Two-week High, With West Texas Intermediate Trading Below $68 A Barrel And Brent Crude Near $71, Following A 2.2% Jump On Wednesday. US Consumer Prices Rose At The Slowest Pace In Four Months In February. Despite This, OPEC And Its Allies' Production Increased Last Month Due To Kazakhstan Exceeding Its Cap, Though Kazakhstan Has Agreed With International Oil Companies To Cut Output.

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[Financial Times: Musk'S 'Cost-Cutting Efficiency' Plan Shows Little Results, US Federal Spending Hits New Record] March 13Th, According To The Financial Times, The Latest Data From The US Treasury Department Shows That Musk'S Extremely Aggressive Efficiency Improvement Measures Failed To Prevent US Federal Spending From Rising To A Record $603 Billion Last Month, Highlighting The Difficulties The Trump Administration Has Faced In Reducing The Size Of Government. The Musk-Led Department Of Government Efficiency Claimed To Have Saved Over $100 Billion, But In The First Month Of The New Administration, Only A Few Departments Saw A Decrease In Spending. Compared To The Same Period Last Year, Spending Increased By $40 Billion, A Growth Rate Of 7%.This New Data Was Released After Musk And Members Of The Department Infiltrated Several Government Agencies, Including State And Health Departments, As Well As Multiple Departments Of The Treasury Department. Tens Of Thousands Of Workers Were Furloughed Or Laid Off, Thousands Of Government Appropriations And Contracts Were Canceled. Musk Has Repeatedly Claimed That The Department Of Government Efficiency Is Expected To Save $1 Trillion From The Annual Federal Budget And Has Stated That The Plan Is Currently Cutting At A Rate Of $4 Billion Per Day. However, The Monthly Financial Report For February Showed That There Was Almost No Significant Reduction In Spending In Major Categories. Treasury Officials Pointed Out That The Department Of Education Reduced Spending By $6 Billion.

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[Ip Has Surged Over 16% In The Last 24 Hours, Currently Trading At $6.36.] March 13Th, According To Htx Market Data, Ip Surged Over 16% In The Past 24 Hours, Currently Trading At $6.36

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[Goldman Sachs Reduces Year-end S&P 500 Target To 6200 Citing Tariff Impact] Goldman Sachs Lowered Its Year-end S&P 500 Target From 6,500 To 6,200, Citing Economic Uncertainty From Tariffs, Which Could Reduce S&P 500 Earnings By 1-2% For Every 5 Percentage Point Increase. The Bank Identified Three Potential Catalysts For A Market Recovery: A Reversal In Economic Growth Expectations, S&P 500 Valuations Pricing In Growth Below Goldman Sachs' Baseline Forecast, And A Further Decline In Investor Sentiment To "deeply Negative" Levels. The Current S&P 500 Forward 12-month P/E Ratio Is 20.1x.

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US Social Security Says It Will Retain Most Phone Services

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Putin Orders Army To Eject Last Ukrainian Troops From Russian Territory

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Cabinet Is Expected To Have Between 15 And 20 Ministers, Down From 37 Currently Including Canada Prime Minister

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[US Stock Futures Steady Amid Inflation Data And Political Uncertainty] US Stock Futures Remained Stable Following A Positive Inflation Report That Boosted Tech Stocks. Dow Jones And S&P 500 Futures Rose By 0.1%, While Nasdaq Futures Were Flat. Despite Easing Inflation Concerns, Markets Are Still Impacted By Political Uncertainty, Including Ongoing Trade Tensions With The EU And Canada Due To US Tariffs And Potential Government Shutdown Amid Senate Disagreements On A Spending Bill. The Producer Price Index (PPI) Will Be Released Thursday, Providing Further Economic Insight.

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TF Securities Analyst Ming-Chi Kuo: Three Months Ago, I Predicted That The Mass Production Of The New Homepod Equipped With A Screen Would Be Postponed From 1Q25 To 3Q25 (after Windows) Due To Software Development. In Addition To Apple Intelligence, Software Development Issues Also Include Ensuring That The Interface Design Of The New Homepod Is Consistent With The New Operating Systems Of Other Devices In 2H25 (such As IOS 19), Which Is Crucial To Integrating New Products Into The Apple Ecosystem

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Japan's Securities Regulator Has Required Companies Listed On The Tokyo Stock Exchange (Tse) To Translate Key Financial Disclosures From Yen Into English, Creating New Business Opportunities For The Big Four Accounting Firms, With At Least Deloitte And PricewaterhouseCoopers Increasing Their English Translation Staff

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[Bank Of Canada Cuts Rate Amid Trade Tensions, Cites 'new Crisis'] The Bank Of Canada, Led By Governor Tiff Macklem, Cut Its Borrowing Costs By A Quarter Percentage Point In Response To Trade Tensions Between The US And Canada, Labeling It A "new Crisis." While Acknowledging "pervasive Uncertainty," The Bank Tempered Expectations For Further Rate Cuts, Emphasizing A Cautious Approach To Managing Inflation, Which Stood At 1.9% In January, Just Below The Bank's 2% Target. Economists Anticipate The Benchmark Rate To Decrease From 2.75% To Between 2% And 2.25% This Year.

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Australia's S&P/ASX 200 Index More Or Less Unchanged At 7785.3 Points In Early Trade

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[Asian Stocks Set To Rise Following US Inflation Data; Hong Kong Futures Dip] Asian Equities Are Poised For Early Gains After A Rebound On Wall Street, Driven By Lower-than-expected US Inflation Data Showing A 0.2% Rise In Both CPI And Core CPI For February. S&P 500 Rose 0.5% And NASDAQ 100 Advanced 1.1%. However, Hong Kong Equity Futures Declined. The US 10-year Yield Rose Three Basis Points To 4.3%, And The 2-year Yield Climbed Four Basis Points. Canada Imposed 25% Tariffs On $20.8 Billion Of US Goods In Response To US Tariffs On Steel And Aluminum.

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[US Stock Futures Rise After CPI Report Amid Trade And Shutdown Concerns] US Stock Futures Showed Slight Gains With Dow Jones Futures Up 0.7% And S&P 500 Futures Up 0.6% Following A Lower-than-expected CPI Report. Nasdaq Futures Remained Flat. Trade Tensions Persist As The EU And Canada Retaliate Against US Steel And Aluminum Tariffs, And A Potential Government Shutdown Looms Due To Stalled Senate Negotiations Over A Spending Bill. Investors Await The Release Of The Producer Price Index (PPI) For Further Inflation Insights.

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[Berkshire Hathaway Reduces Apple And Bank Of America Stakes, Increases Cash Reserves In 2024] Warren Buffett's Berkshire Hathaway Significantly Reduced Its Apple Stake By 67% To 300 Million Shares And Bank Of America Stake By 34% To 680 Million Shares In 2024, Resulting In A Cash Stockpile Increase To $334 Billion. This Move, Involving A Net Stock Sale Of $134 Billion, Comes As Apple And Bank Of America Shares Have Since Dropped 15% And 20% Respectively From Their November Highs, Drawing Praise And Attention On Social Media.

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[US Stock Markets Mixed After Slight Inflation Increase; S&P 500 And Nasdaq Rise] On Wednesday, US Stock Markets Saw Mixed Results After A 0.2% Inflation Increase, The Smallest In Four Months, Offered Some Relief. The S&P 500 Rose 0.5% To 5,599.30, While The Dow Jones Industrial Average Fell 0.2% (83 Points) To 41,350.93, And The Nasdaq Composite Increased 1.2% To 17,648.45. Nvidia Stock Increased As Much As 7%, While Tesla Rose 9% At Intraday Highs. The Inflation Data Is Viewed As Potentially Giving The Federal Reserve More Flexibility To Cut Interest Rates.

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[Canada Imposes Retaliatory Tariffs On US Goods] In Response To US Tariffs On Steel And Aluminum, Canada Has Imposed Retaliatory Tariffs On C$29.8 Billion ($20.7 Billion) Worth Of American Goods, Including C$15.6 Billion Specifically Targeting Steel And Aluminum. This Second Wave Of Tariffs Includes A Broad Range Of Products, From Golf Equipment And Leisure Goods To Precious Metals, Electronics, And Household Items.

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[UBS Returns To Its Pre-Trump Election Forecast, Again Betting On A Weaker Dollar In 2025] A Division Of UBS Has Returned To A Similar View Of The Dollar Against Other Currencies As It Did Before Trump Was Elected U.S. President. Strategists Who Predicted A Rise In The Dollar Two Months Ago Now Expect The Dollar To Weaken And The Euro And Yen To Strengthen This Year. In Their Latest Outlook, Shahab Jalinoos, Alvise Marino And Vassili Serebriakov Of UBS Investment Bank Cited Trump's "apparently Relaxed" Attitude Toward Recession Risks, Europe's "groundbreaking" Fiscal Progress, And The Unexpected "drama" Of The U.S.-Canada Trade Standoff As The Basis For Their Latest Outlook

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[Trump's Tariffs Draw Concerns From JPMorgan And Blackrock Ceos Amid Market Uncertainty] JPMorgan Chase CEO Jamie Dimon Stated On Wednesday That Former US President Donald Trump's Tariffs Are Creating Uncertainty For Companies, But He Doesn't Believe They Significantly Impact Consumer Behavior. Blackrock CEO Larry Fink Also Expressed Concerns About Potential Elevated Inflation Due To Trump's Economic Policies, Noting Increased Fear Among Ceos Regarding The Economy. The Stock Market Has Lost $4 Trillion Since February And The EU Has Vowed To Retaliate With Tariffs On US Agricultural Products In Response To US Tariffs On Steel And Aluminum.

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Barclays: US President Trump's Department Of Government Efficiency (Doge), Under Musk's Command, Has Laid Off Employees And Recalculated Federal Spending, Which Has Left US Cross-industry Companies Such As Honeywell, Allegion, And Eaton With The Greatest Risk Exposure

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[Trump: If Russia Continues To Go To War, It May Face "devastating" Financial Consequences] US President Trump Said At The White House On The 12th That He Hopes Russia Will Agree To A 30-day Temporary Ceasefire. If Russia Continues To Go To War Against Ukraine, It May Face "devastating" Financial Consequences

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Irish Prime Minister Martin: I Hope US President Trump Will Visit Ireland As Soon As Possible

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Mark Carney To Be Sworn In As Canada's Prime Minister On Friday

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Rio Tinto - Will Purchase 90% Of Power And Battery Storage Capacity Generated By Smoky Creek & Guthrie's Gap Solar Power Stations

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[Senate Democrats To Block House GOP Spending Bill, Shutdown Looms] Senate Democratic Leader Chuck Schumer Announced That Democrats Will Block The House-approved Republican Spending Bill Aimed At Averting A Government Shutdown. Schumer Proposed An Alternative One-month Interim Funding Plan, While Republicans, Led By Senator John Cornyn, Rejected The Short-term Bill. Senator John Fetterman Has Publicly Stated That He Will Not Vote To Shut Down The Government, And The Vote Requires 60 Votes To Pass In The Senate, Where Republicans Hold 53 Seats.

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[Zuckerberg Meets With Trump Officials To Discuss US Tech Leadership] Meta CEO Mark Zuckerberg Met With Trump Administration Officials At The White House On Wednesday To Discuss American Technology Leadership, According To A Source Familiar With The Matter, Confirmed By Meta Spokesman Andy Stone.

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U.S. President Trump Praised His Energy Secretary For Falling Oil Prices

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[Federal Reserve's BTFP Saw Over 1,600 Firms Borrow $168 Billion] Over 1,600 Financial Firms, Including Beal Bank USA And First Republic Bank (later Acquired By JPMorgan Chase), Utilized The Federal Reserve's Bank Term Funding Program (BTFP) Established In March 2023. These Firms Borrowed A Peak Of $168 Billion In Total From The BTFP, With Beal Bank USA And First Republic Bank Each Borrowing Over $8 Billion At Their Peak, To Address Liquidity Challenges Following Silicon Valley Bank's Collapse. The Program, Designed To Provide Banks With Access To Funding For Up To A Year, Ended On March 11 After The Fed Adjusted Loan Rates.

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Argentina 2024/25 Soy Harvest Estimated At 46.5 Million Tons Versus 47.5 Million Tons Previously Estimated- Rosario Grains Exchange

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[High-yield Savings Accounts: Benefits, Limits, And Alternatives] High-yield Savings Accounts (hysas) Offer Interest Rates Above 4% APY, Exceeding Average Checking And Savings Account Rates. Experts Recommend Keeping Three To Six Months' Worth Of Living Expenses In An HYSA For Emergencies, But Not Exceeding The $250,000 FDIC Insurance Limit Per Depositor, Per Institution. Prioritize Paying Off High-interest Credit Card Debt And Meeting Minimum Balance Requirements Before Maximizing HYSA Deposits. For Amounts Exceeding Emergency Fund Goals, Consider Cds, Treasury Bills, Or Employer-sponsored Retirement Plans Like 401(k)s.

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NZ Short Term Visitors +13.4 Percent In Jan Versus Year Ago

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New Zealand Seasonally Adjusted Net Migration +2380 In Jan

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Brazil's B3 Says Decision Is Final And Cannot Be Appealed In The Judiciary

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[Jefferies Reorganizes Emerging Markets Division After Multiple Traders Leave] Jefferies Financial Group Inc. Is Reorganizing Its Emerging Markets Division Team After A Series Of High-profile Departures, Including Some Senior Traders, According To People Familiar With The Matter. Jonathan Joseph, Co-head Of Jefferies Emerging Markets, Left After Nearly 10 Years In The Position. Joseph's Partner, Managing Director Adam Groothuis, Was Removed From His Position As Co-head. Paul Abitbol, ​​who Is Based In London, Was Appointed Global Head Of Emerging Market Trading At The Company, According To An Internal Memo

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USA Judge Says Trump Cannot Fire Democratic Member Of Federal Labor Board

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[Massachusetts State Representative Proposes Establishment Of Blockchain And Cryptocurrency Special Committee] March 13, Massachusetts State Representative Kate Lipper-Garabedian Submitted A Bill Proposing The Establishment Of A Special Committee, Including State Legislators, To Investigate Blockchain And Cryptocurrency-Related Matters

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Source Familiar With The Matter: Mark Zuckerberg Was At White House Wednesday And Had Meetings With Trump Administration Officials

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Ecuador Indigenous Organization Says Will Not Back Incumbent Noboa In April Presidential Vote, Asks Leftist Gonzalez To Respond To Their Demands

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[U.S. Department Of Education Announces Staff Reductions] The U.S. Department Of Education Announced Layoffs Affecting Approximately 1,300 Staffers, In Addition To 572 Prior Buyouts, Reducing The Department By 50% Since President Trump's Inauguration. The Cuts Include 326 Employees From The Office Of Federal Student Aid (FSA), Potentially Impacting Student Loan And Pell Grant Management. Concerns Are Raised About The Department's Ability To Oversee Contractors, Process Aid Applications, Restart Income-based Repayment Plans, And Monitor Colleges For Predatory Practices, Potentially Harming Students And Schools.

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At The End Of New York Trading On Wednesday (March 12), S&P 500 Futures Rose 0.36%, Dow Futures Fell 0.28%, NASDAQ 100 Futures Rose 0.90%, And Russell 2000 Futures Fell 0.16%

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[Tariffs, Market Volatility, And Hedge Fund Losses Impact Wall Street] President Trump's Tariff Policies, Including Increased Tariffs On Canadian Steel And Metal And Subsequent Retaliation From Europe With Tariffs On $28.4 Billion Of US Goods, Are Causing Market Volatility And Impacting Wall Street. Big-name Hedge Funds Like Millennium, Point72, And Schonfeld Are Losing Money In March, And Consumer Strength Is Weakening Due To Inflation And High-interest Rates. Meanwhile, Ron Baron's Firm Sold Some Tesla Shares Due To Concerns About Its Position Size.

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[Food Companies Seek Tariff Exemptions On Imported Ingredients] Major Packaged Food Companies Like Quaker Oats, Folgers, Pepsico, Conagra, And J M Smucker, Represented By The Consumer Brands Association, Have Requested President Trump For Tariff Exemptions On Imported Ingredients Like Cocoa, Coffee, Oats, Spices, Tropical Fruit And Tin Mill Steel That Are Not Available From U.S. Sources, Aiming To Protect Manufacturers And Prevent Increased Consumer Costs Due To Recent Tariffs On Goods From China, Canada, And Mexico.

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[US Inflation Eases, Markets Rebound, Bank Of Canada Cuts Rate] On Wednesday, U.S. Inflation Figures Came In Below Forecast, Leading To A Rebound In The S&P 500 (up 0.5%) And Nasdaq (up 1.3%). Intel Shares Surged 12% In After-hours Trading With The Appointment Of Lip-bu Tan As CEO. The Bank Of Canada Cut Its Key Policy Rate By 25 Basis Points To 2.75%. Meanwhile, Concerns Persist Regarding Potential Tariffs From President Trump, Potentially Complicating The Federal Reserve's Future Interest Rate Decisions.

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Hamas Official Welcomes Trump's Apparent Retreat Of The Gazans' Displacement Call

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[Intel Appoints Lip-bu Tan As CEO Amidst Industry Challenges] Intel Appointed Lip-bu Tan, Former Head Of Cadence Design Systems Inc., As Its New CEO, Effective March 18. Tan, Who Previously Served On Intel's Board, Replaces Pat Gelsinger Amidst Struggles With Market Share, Manufacturing Setbacks, And A 54% Stock Decline In The Past Year, Leaving Its Market Cap At $89.5 Billion. Intel, A Recipient Of Nearly $8 Billion From The US Chips And Science Act, Faces Pressure To Restore Its Position In The Semiconductor Industry.

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