Breakfast | August 14, 2026

S&P 500 hits record high, memory stocks surge, Workday spikes 30% at one point; crude oil ends winning streak, gold falls. Inflation cools more than expected! US July PPI year-on-year growth narrows to 4.7%, mainly driven by lower energy costs. Market no longer fully bets on Fed rate hikes within the year. Signs of weak demand reappear, 30-Year Yield auction hit rate reaches new high since 2001. Up to 100%, US to impose tariffs on imported drones and components. Report: Japanese Prime Minister Sanae Takaichi supports faster rate hikes by the Bank of Japan. JD.com Group Q2 revenue falls nearly 3% year-on-year but still beats expectations, drag from food delivery business weakens, operating profit turns profitable year-on-year; Conference call: Profitability inflection point has appeared, food delivery losses narrow by over 50%, retail business expected to return to positive growth in Q3. Benefiting from spillover AI demand, SMIC Q2 revenue exceeds $3 billion, net profit surges nearly 4-fold, Q3 revenue expected to increase 2% to 4% quarter-on-quarter. Hua Hong Grace Q2 revenue hits record high, net profit increases 386% year-on-year, Q3 revenue guidance up to $780 million. AI server orders explode! Lenovo Q1 fiscal quarter revenue increases 43% year-on-year, adjusted net profit increases 176%, stock price surges to record high. Computing power demand continues to expand, Haiguang Information H1 revenue increases 66.52% year-on-year, net profit increases 49.69%. DeepSeek announces API price hike, peak price to rise to max 27 yuan starting August 17, new version V4 Pro officially launched. DeepSeek releases first Agent product Harness, not a Codex-like product, core concept is everything is a plugin. Listed for only two weeks, Changxin Technology tops China A-H share "King of Stocks". Investors bet on doubled valuation! Report: Anthropic plans to list at $2 trillion valuation, potentially becoming the largest IPO in history. Major move before IPO, Anthropic plans to acquire chip optimization company Decart AI for $6 billion. SanDisk sets "ultra-high" long-term targets: FY2028-30 mid-to-high double-digit revenue growth, 80% gross margin, stock price rises nearly 20% at one point. Workday spikes 30% at one point, driving software stocks higher, report states Silver Lake plans to acquire Workday.