Longbridge Breakfast | Fed Chair Admits Discussion of Pausing Rate Hikes, Malware Related to ChatGPT on the Rise
The US Federal Reserve raised interest rates for the tenth time, reaching the highest level since August 2007. Yesterday, Chegg, an American online education company whose stock price was close to halving, rose by nearly 22%. The UK regulatory agency will review artificial intelligence models similar to ChatGPT. Pi, a chatbot that can chat with you but cannot write papers, has arrived. A thrilling showdown is taking place on Wall Street, with short-selling institutions targeting "Wall Street Wolf" Carl Icahn.
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Market Overview
In the Asia-Pacific market, S&P 500 futures and Dow Jones futures fell more than 0.4%
The three major US stock indexes all closed down, with the oil and gas sector leading the decline
All 11 sectors of the S&P 500 index closed down
Top Stocks
Zhilin Group soared more than 106% in early trading and was suspended due to a circuit breaker
Estée Lauder fell 21% at one point, the largest intraday drop on record
Ikan Enterprise's stock price fell 19% and closed at its lowest level since 2010
TSMC is negotiating to invest 10 billion euros to establish its first chip factory in Germany
Game engine manufacturer UNITY is laying off about 8% of its employees Meta indicates that malicious software related to ChatGPT is increasing
Alphabet-C, LinkedIn co-founders join the AI battle
HSBC US branch and its affiliates raise benchmark and reference rates
Macro and Strategy
Powell: Maybe it's time to pause the rate hikes
Key points of the Fed FOMC statement and Chairman Powell's press conference
The Hong Kong Monetary Authority will raise the benchmark interest rate by 25 basis points
UK regulators will review the technology behind software such as ChatGPT
The US Senate voted to restore the tariff on photovoltaic panels to 254%
