Real-time News

1. Global semiconductor stocks suffered a massive sell-off on Thursday, with investors questioning the sustainability of the AI-driven rally. The South Korean KOSPI fell over 6%, triggering another circuit breaker during trading; SK Hynix fell over 11%, the Nikkei 225 fell 2.79%, and Kioxia fell 15%. A-shares also saw a significant correction, with the Shanghai Composite Index falling below 3900 points. 2. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.2% to 52,552.97 points, the S&P 500 fell 0.51% to 7,533.77 points, and the Nasdaq Composite fell 1.47% to 25,881.95 points. Goldman Sachs fell nearly 5%, and Google fell over 4%, leading the decline in the Dow. The Wind US Tech Big Seven Index fell 1.31%, with Facebook and Nvidia falling over 2%. SpaceX fell over 3%. Semiconductor and memory stocks also plummeted, with Seagate Technology falling 10% and Western Digital falling over 9%. 3. European stock indices closed mixed. The German DAX index fell 0.34% to 24,915.49 points, the French CAC40 index fell 0.05% to 8,377.86 points, and the UK FTSE 100 index rose 0.54% to 10,572.24 points. 4. International precious metals futures generally closed lower. COMEX gold futures fell 1.77% to $3,979.90 per ounce, and COMEX silver futures fell 2.90% to $55.77 per ounce. 5. The WTI crude oil futures contract closed down 0.03% at $79.58 per barrel; the Brent crude oil futures contract fell 0.11% to $84.86 per barrel.

Federal Reserve Vice Chairman Jefferson: If the increased productivity of artificial intelligence can reduce production costs sooner, inflation may face downward pressure.

Federal Reserve Vice Chairman Jefferson: The economic shock caused by artificial intelligence may have a lasting impact on supply and demand.

Federal Reserve Vice Chairman Jefferson: A series of rapid shocks could cause inflation to solidify and inflation expectations to lose their anchor.

Federal Reserve Vice Chairman Jefferson: We cannot look at each factor in isolation; we must consider the overall economy when making policies.

Federal Reserve Vice Chairman Jefferson: The current situation reflects a policy dilemma, with tensions between the dual mandates.

Federal Reserve Vice Chairman Jefferson: The impact of the Middle East conflict on demand is expected to be limited because the United States is a net oil exporter and its economy is less dependent on oil.

Federal Reserve Vice Chairman Jefferson: We are currently watching two important developments (the Middle East conflict and the proliferation of artificial intelligence).

Federal Reserve Vice Chairman Jefferson: Current policy is able to respond effectively based on the latest data, the changing outlook, and the balance of risks.

Federal Reserve Vice Chairman Jefferson: We are firmly committed to restoring inflation to the 2% target, which is consistent with our dual mandate.

Federal Reserve Vice Chairman Jefferson: The current policy stance should support the job market and, as the effects of tariffs and energy prices are transmitted, bring inflation back onto a path of decline toward 2%.

According to CNBC, Microsoft's (MSFT.O) CEO told employees that Anthropic's restrictions on requests from Fable AI model users are pointless.

Video footage shows that the countdown to SpaceX's (SPCX.O) Starship's 13th test flight has been paused.

Libya's National Oil Corporation: The Iasar oil discovery by Austrian multinational oil and gas group OMV has an estimated reserve of 195 million barrels and a daily production of about 5,000 barrels.

Sources say JPMorgan Chase and Morgan Stanley will provide $50 billion in acquisition financing for PayPal (PYPL.O) and act as advisors.

Sources say the PayPal (PYPL.O) board is evaluating the acquisition offer against its independent growth strategy; it is expected to meet again to discuss the matter while negotiations continue.