Real-time News

Federal Reserve Governor Milan: Interest rates are appropriate when they are well below current levels.

February 10th - The National Labor Relations Board (NLRB) is dropping its years-long legal battle against Elon Musk's SpaceX and hinted that it will recuse itself from future cases against the company. The NLRB announced it would withdraw its lawsuit two years after alleging the aerospace company fired eight engineers for participating in an open letter criticizing Musk. In a letter to the former employees' lawyers, the NLRB cited a recent opinion from the National Mediation Board (NMB), which argued that SpaceX engineers fall under its jurisdiction, not the NLRB's.

February 10th - According to foreign media reports, after a turbulent Monday as he struggled to retain his position, Starmer has consolidated his position as British Prime Minister. However, this is only a temporary respite. Insiders within the ruling Labour Party say that Starmer appears safe in the short term after receiving public support from all cabinet ministers, including potential rivals Wes Streeting, Ed Miliband, and another possible successor, former Deputy Prime Minister Angela Rayner. However, while Streeting stated, "Let's give Starmer a chance to clarify how he will lead us forward," he has not yet posted on X platform like his cabinet colleagues. This lukewarm support suggests that Streeting may be waiting for the right moment. Instead, he chose to release some of his text messages with Mandelson in an attempt to distance himself from criticism regarding his close relationship with Mandelson and his support for his ambassadorial appointment. One of Starmer's allies stated that a silent majority within the Labour Party still does not want a change of leader.

The Dow Jones Industrial Average rose 20.20 points, or 0.04%, to close at 50,135.87 on Monday, February 9; the S&P 500 rose 32.52 points, or 0.47%, to close at 6,964.82; and the Nasdaq Composite rose 207.46 points, or 0.90%, to close at 23,238.67.

Musk: SpaceX will build a system that will allow anyone to travel to the Moon and Mars.

Federal Reserve's Bostic: I'm starting to see people questioning their confidence in the dollar.

February 10th - Mexico's decision to halt all oil shipments to Cuba has dealt a heavy blow to the fuel-poor nation, marking its first month without oil imports in a decade. Mexican President Sinbaum confirmed on Monday that oil shipments have been "suspended" due to Trump's threat to impose tariffs on any country selling or supplying oil to Cuba. Because Cuba is not disclosing relevant information, it is currently difficult to estimate how long the supply of motor vehicle fuel can be sustained. In a rare statement in 2024, a government official indicated that the island nation of approximately 10 million people needs about 8,200 barrels of gasoline per day, but under sanctions and blockades, this demand can barely be met.

February 10th - The price surge triggered by AI is spreading across the electronic component supply chain. Following the soaring prices of memory chips, multilayer ceramic capacitors (MLCCs) have become the next key component to experience price increases. It is reported that the spot price of MLCCs in South Korea has already risen by nearly 20%, and industry insiders expect it to continue rising in the short term. The capital market has reacted positively. Since the beginning of this year, Samsung Electro-Mechanics, a leading company in the MLCC industry, has seen significant gains, while related A-share stocks such as Fenghua Advanced Technology and Sanhuan Group have also risen. Industry insiders generally predict that the MLCC industry will exhibit a differentiated pattern in 2026: benefiting from the AI boom, demand for high-end products is expected to explode; while mid-to-low-end products will face pressure from weak demand and rising costs. Domestic companies have already established advantages in the mid-to-low-end market and are currently accelerating their breakthrough into the high-end market.

February 10th - According to the Daily Telegraph, investors are significantly reducing their positions in UK bonds as the City of London prepares for a potential Labour leadership shift. Mizuho Securities stated that it has lost "confidence" in UK government bonds due to a clear indication of brewing uncertainty surrounding a new leadership. Matt Amis, Chief Investment Officer at Aberdeen Asset Management, said the asset management giant has also reduced its exposure due to concerns that any successor to Sir Keir Starmer could lead to a policy shift to the left. On Monday, borrowing costs for 10-year government bonds surged to 4.6% after Scottish Labour leader Anas Sarwar called for the Prime Minister's resignation. While yields fell back to around 4.53% after cabinet members publicly expressed their support for the Prime Minister, borrowing costs remained high throughout the day.

Federal Reserve Governor Milan: It makes sense to use the Federal Reserve's balance sheet during difficult times.

Bank of England Monetary Policy Committee member Mann: Brexit continues to drag down the UK economy, with concerns about slow growth in consumption and productivity.

Federal Reserve Governor Milan: Still believes the main burden of tariffs will be borne by exporters.

Federal Reserve Governor Milan: Artificial intelligence is impacting the economy, but it is difficult to measure.

Federal Reserve Governor Milan: The world is gradually accepting the view that tariffs are more moderate than people think.

Federal Reserve Governor Milan: Tariffs could allow us to lower interest rates over time.

The Congressional Budget Office (CBO) projects the U.S. fiscal deficit for January to be $94 billion.

Federal Reserve Governor Milan: The dollar's movements have had little impact on monetary policy, which has remained relatively mild.