Daily U.S. Stock Market News Briefing (February 12, Wednesday)
Important News
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The U.S. January unadjusted CPI year-on-year recorded 3%, the largest increase since June 2024. The U.S. January adjusted core CPI month-on-month recorded 0.4%, the largest increase since March 2024.
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After the inflation data was released, traders adjusted the next Federal Reserve interest rate cut from September to December.
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U.S. President Trump: Interest rates should be lowered, and the rate cut will complement the upcoming tariff policy.
Individual Stock News
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Baidu (BIDU.O) may begin testing its autonomous taxis in Dubai as early as the first half of the year. Reports indicate that Baidu (BIDU.O) will release its next-generation artificial intelligence model this year.
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Fangdd (DUO.O) surged over 60% in pre-market trading, as the company plans to issue $5 million in convertible bonds.
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TSMC (TSM.N): Approved to inject no more than $10 billion into TSMC Global Limited to reduce foreign exchange hedging costs.
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Documents show that Berkshire Hathaway spent $35.7 million to purchase 763,017 shares of Occidental Petroleum (OXY.N).
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Novo Nordisk (NVO.N) has had its new indication for semaglutide accepted in China, possibly related to cardiovascular issues.
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Barrick Gold (GOLD.N) reported fourth-quarter profits that exceeded expectations and launched a new round of stock buyback plans.
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It is reported that Meta Platforms (META.O) is in discussions to acquire the South Korean chip company FuriosaAI, possibly to manufacture self-developed AI chips.
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DoorDash (DASH.N) reported a 25% year-on-year increase in fourth-quarter revenue to $2.9 billion, better than market expectations