Key News:
1. The US core PCE price index rose 3% year-on-year in December, the highest since February 2025. The preliminary estimate for the annualized quarterly rate of US real GDP in the fourth quarter was 1.4%, the lowest since the first quarter of 2025. US GDP growth in 2025 is projected at 2.2%, lower than the 2.8% in 2024.
2. Following the release of the latest economic data, US short-term interest rate futures showed little change; traders remain betting on a Fed rate cut in June.
3. Trump stated that the government shutdown is impacting the economy, calling for a rate cut and criticizing Powell.
4. Bank of America stated that the share of global capital inflows attracted by US stocks is the lowest since 2020.
Individual Stock News:
1. JPMorgan Chase CEO Jamie Dimon sold $21 million worth of JPMorgan Chase stock.
2. OpenAI smart speaker pricing may be between $200 and $300.
3. Google (GOOG.O) released the Gemini 3.1 Pro, doubling its core inference performance. 4. Applovin plans to partner with OpenAI to monetize through advertising.
5. Nvidia (NVDA.O) is close to finalizing a $30 billion investment in OpenAI, replacing the $100 billion long-term commitment the two companies made last year.
6. Meta cuts employee incentives for the second consecutive year, fully shifting its focus to the AI arms race.
