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Real-time News
JPMorgan Chase raised its price target for Micron Technology (MU.O) from $350 to $550.On March 19th, Shigeto Nagai, Head of Japan Economics at Oxford Economics, stated that given the possibility of stagflation in the Japanese economy, they now expect the Bank of Japan to postpone its next interest rate hike from June to July. Thereafter, they anticipate the central bank will continue to gradually raise rates in the first and third quarters of 2027. In the short term, rising energy costs will re-accelerate supply-side driven inflation. They now believe that core CPI will not return to 2% until the second quarter of 2027, rather than the fourth quarter of 2026. Despite a strong expected outcome from the spring wage negotiations, higher inflation will limit real income growth. Therefore, they have lowered their 2026 real GDP growth forecast by 0.4 percentage points to 0.3%. Despite concerns about inflationary pressures and a weaker yen, they believe the Bank of Japan may become more cautious about raising interest rates, prioritizing the impact on corporate profits and real household income.Market news: On Thursday, the Japanese House of Representatives approved the addition of two dovish monetary policy strategists nominated by Prime Minister Sanae Takaichi to the central banks board of directors: Toichiro Asada and Ayano Sato. This move could influence the central banks decisions on the timing and pace of further interest rate hikes.On March 19th, Mianbi Intelligent released EdgeClaw Box, a smart hardware product featuring a lobster design that is safe, controllable, and ready to use out of the box. In collaboration with Tsinghua University and the OpenBMB community, they also open-sourced an upgraded version of EdgeClaw that is safe, efficient, and supports edge-cloud collaboration, aiming to safeguard the OPC community and data-sensitive enterprises in the wave of intelligent agents.1. JD Cloud: Offers greater discounts on multiple products, with an average price reduction of over 16%. 2. Alibaba Cloud: AI computing power and storage products see price increases of up to 34%. 3. Baidu AI Cloud releases price adjustment announcements for AI computing power, storage, and other products. 4. Ma Huateng publicly discusses "shrimp farming" for the first time: it can be combined with WeChats decentralized philosophy. 5. MiniMax releases its new generation large-format model M2.7. 6. Xiaomi releases its large-format model MiMo-V2-Pro. 7. Germany plans to significantly increase AI computing power. 8. HSBC reportedly considers large-scale layoffs; AI restructuring may affect approximately 20,000 jobs. 9. Foxconn and SAP sign strategic cooperation agreement to accelerate AI-driven manufacturing and supply chain transformation. 10. AI security startup Xbows valuation surpasses $1 billion. 11. Samsung Electronics and AMD sign memorandum of understanding to explore foundry cooperation.
