Daily US Stock Market Highlights (Wednesday, February 12)
2025-02-12 13:59:43
< br > < b > IMPORTANT NEWS < br > < span class = "section-news" > 1. The unadjusted annual rate of CPI in the United States recorded 3% in January, the largest increase since June 2024. The quarterly adjusted monthly rate of core CPI in the United States recorded 0.4% in January, the largest increase since March 2024. < br > < span class = "section-news" > 2. After the inflation data was released, traders adjusted the next Fed rate cut from September to December. < br > < span class = "section-news" > 3. US President Trump: Interest rates should be cut, and interest rate cuts will go hand in hand with the upcoming tariff policy. < br > < b > Stock News < br > < span class = "section-news" > 1. Baidu (BIDU. O) unmanned taxis may start testing in Dubai as early as the first half of the year. There are reports that Baidu (BIDU. O) will release its next-generation artificial intelligence model this year. < br > < span class = "section-news" > 2. Fangduo (DUO. O) U.S. stocks rose more than 60% before the market, and the company plans to issue convertible bonds for 5 million dollars. < br > < span class = "section-news" > 3. TSMC (TSM. N): Approved to inject no more than $10 billion into TSMC Global Co., Ltd. to reduce foreign exchange hedging costs. < br > < span class = "section-news" > 4. Berkshire Hathaway spent $35.70 million to buy 763,017 shares of Occidental Petroleum (OXY. N), according to the filing. < br > < span class = "section-news" > 5. Novo Nordisk (NVO. N) smeglutopeptide new indication accepted in China, or cardiovascular related. < br > < span class = "section-news" > 6. Barrick Gold (GOLD. N) beat fourth-quarter profit expectations and launched a new round of share buybacks. < br > < span class = "section-news" > 7. Meta Platforms (META. O) is said to be in talks to acquire South Korean chip company FuriosaAI or make its own AI chips. < br > < span class = "section-news" > 8. DoorDash (DASH. N) fourth-quarter revenue rose 25% year-on-year to $2.90 billion, better than market expectations.
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