Important News
1. U.S. Treasury Secretary Bensonte stated: The Federal Reserve is lagging behind the curve, and the market has priced in expectations for a 25 basis point rate cut.
2. Trump: The document appointing Milan to the Federal Reserve Board has just been signed and will be transferred to the Fed.
3. A U.S. appeals court rejected President Trump's request to fire Federal Reserve Board Governor Lisa Cook.
Stock News
1. Musk announced plans to conduct a technical review of the AI5 chip design on Saturday and to hold meetings next week on AI/autonomous driving systems, the Optimus robot, and vehicle production.
2. Google (GOOG.O) announced a £5 billion investment to promote AI development in the UK.
3. According to institutional data, TSMC's (TSM.N) semiconductor foundry market share soared to 38% in the second quarter of calendar year 2025. 4. Meta Connect 2025 is scheduled for September 17-18, 2020 (Pacific Standard Time).
5. Ferguson (FERG.N) reported fourth-quarter sales of $8.5 billion, up from $7.95 billion last year. Market expectations were for $8.4 billion.