Breakfast | June 27, 2025

The S&P 500 and Nasdaq closed near historical highs, with NVIDIA continuing to set new records; the dollar fell to its lowest level in three years.
Federal Reserve officials are speaking out intensively: they are not yet prepared to support interest rate cuts at the July meeting.
The White House: Trump will not make a decision on the next Federal Reserve chair candidate in the near future.
The White House stated that the July 9 negotiation deadline is "not important" and may be postponed. The EU is reported to be considering reducing a series of tariffs on the US in hopes of quickly reaching a trade agreement. As the deadline approaches, the US-India trade negotiations are facing obstacles.
The Trump administration will remove the "capital tax" clause 899 from the tax legislation draft.
The final value of the US GDP for the first quarter was revised down to -0.5%, with personal consumption showing the weakest performance since the pandemic.
The number of people continuing to claim unemployment benefits in the US surged to the highest level since November 2021.
US durable goods orders for May saw a preliminary month-on-month increase of 16.4%, the largest increase since July 2014.
In contrast to the US, European officials stated that Iran's uranium stockpile is intact, and crude oil prices are rising.
Xiaomi press conference: YU 7 standard version priced at 253,500 yuan, AI glasses starting at 1,999 yuan, will continue to invest in the field of assisted driving, and will upgrade the Xiaomi XLA large model in the second half of the year.
Joseph Tsai and Eddie Wu wrote to shareholders: In the AI era, Alibaba will think and act like a startup