U.S. stocks continue to fall in shock; Fed officials worry more about inflation risks than weak employment;Cook rages Trump for tweeting bullying and refuses to resign
The Dow Jones Industrial Average ETF DIA +0.02% to 449.36, the S&P 500 ETF SPY-0.27% to 638.11 and the tech-dominated Nasdaq ETF QQQ-0.59% to 565.90.In terms of industrial trends, energy was relatively strong, rising by +0.86%, and selective consumer goods were relatively weak, falling by-1.20%.
Four major U.S. stock index ETFs
The Dow Jones Industrial Average ETF DIA +0.02% to 449.36, the S&P 500 ETF SPY-0.27% to 638.11 and the tech-dominated Nasdaq ETF QQQ-0.59% to 565.90.In terms of industrial trends, energy was relatively strong, rising by +0.86%, and selective consumer goods were relatively weak, falling by-1.20%.
After-hours news of US stocks
U.S. technology stocks continue to fall, bond markets strengthen, waiting for Bauer's talk
U.S. stocks closed sharply lower on Thursday. The S&P 500 fell for four consecutive days, the Nasdaq fell for two consecutive days, and the seven technology giants hit their longest decline since April.U.S. debt strengthened across the board, the 10-year yield rate fell, and investors were betting on a September interest rate cut to downplay inflation concerns.Federal Reserve minutes show that most officials are still worried about inflation, with the market focusing on Powell's speech in Jackson Hole; at the same time, director Lisa Cook publicly refused to resign under pressure from Trump.Analysts have warned that signs of a bubble in U.S. stocks are emerging. If technology stocks continue to fall, it may trigger capital withdrawals rather than simply sector rotation.
Updated time: 2025/8/21 08:10
Fed minutes: Inflation pressure overshadows employment concerns, tariff effect becomes focus
The minutes of the Federal Reserve's meeting at the end of July showed that most officials believed that the risk of inflation was still higher than weak employment, and they were particularly divided on possible persistent price pressures caused by tariffs.Policymakers maintained interest rates at 4.25% to 4.5%. Although the economy slowed down in the first half of the year and the job market remained stable, inflation is still at a high level. Some officials worry that if it exceeds 2% for a long time, market expectations will be shaken.The latest data shows that wholesale prices hit the largest increase in three years, companies have begun to pass on costs, and employment growth has been revised down significantly, and the unemployment rate has risen to 4.2%.
Updated time: 2025/8/21 08:10
Lisa Cook refuses to resign and criticizes Trump for interfering in the Federal Reserve for tweeting bullying
After being asked by Trump to step down, Fed Governor Lisa Cook publicly stated that she would not give in to "tweet bullying" and stressed that she would respond to all legitimate financial doubts with facts.The incident began when Bill Pulte, Director of the Housing Finance Authority (FHFA), asked the Justice Department to investigate Cook's two mortgages, accusing him of forging documents to obtain preferential terms, but there have been no formal charges.Trump then pressured her on social media to resign, and Pulte even claimed that "the loan documents have proved her guilty," triggering doubts about political manipulation.Analysts pointed out that the FHFA usually does not publicly investigate individual loans, but now it targets many senior Democratic Party officials, further raising concerns about the erosion of the independence of the RSC. Senator Warren even pointed out that Trump intended to shift the failure of economic policies. responsibility.
Updated time: 2025/8/21 08:10
OpenAI plans to follow AWS's example in leasing AI infrastructure
OpenAI Chief Financial Officer Sarah Friar revealed that the company is considering opening up its own AI data center and infrastructure to rent and copying Amazon's AWS model to expand revenue, but it still prioritizes meeting its own huge computing power needs.OpenAI has invested heavily in data center design in recent years, and has joined hands with Softbank and Oracle to promote the "Stargate" super center project.Chief Executive Altman bluntly said that "trillion-dollar" level funds may soon be needed in the future, and plans for new financial instruments to raise funds will be started.Although the company has not yet made a profit, its revenue has grown rapidly. In July, it exceeded US$1 billion for the first time in a single month, and its valuation has risen to US$500 billion. The financing round led by SoftBank has exceeded 41 billion, highlighting the market's high expectations for its AI infrastructure strategy.
Updated time: 2025/8/21 08:10
Two major U.S. insurers plan to withdraw from Colorado Health Insurance, forcing nearly 100,000 people to lose insurance
United Health (UNH) and Verpen Medical (ELV) have notified Colorado regulators that they plan to withdraw from some individual health insurance plans, threatening to force about 96,000 people to seek alternative insurance next year.More than 24 million people in the United States rely on the Affordable Care Act (ACA) market for insurance, but the market has become increasingly unstable as medical costs rise, regulations tighten and subsidies remain unclear.If Congress does not extend the tax subsidies that expire next year, premiums may rise sharply. The Colorado Insurance Commissioner warned that one-third of policyholders may lose protection by then, calling for immediate intervention at the federal or state level.UnitedHealth has earlier stated that it will withdraw from some markets without reasonable rates. Weipeng Medical emphasized that this move is a procedural notice and still hopes to maintain the plan. Rival Aetna has completely withdrawn from the ACA market in May.
Updated time: 2025/8/21 08:10
Take-Two layoffs have hit development progress, and new BioShock has been postponed again
The new BioShock series is in trouble again. Parent company Take-Two (TTWO) has laid off one-third of its workforce, about 80 employees in Cloud Chamber have been fired, and the game's release will be postponed again from the original scheduled end of 2026 or early 2027.Since the work was conceived in 2014, it has undergone studio changes, multiple creative leadership changes and engine conversions, and ten years of development has still been delayed.Although a demo version was released that was recognized by 2K executives, due to mediocre plot evaluation and technical bottlenecks, internal reorganization and senior management left eventually occurred.2K admitted that the game was "good but not excellent" and urgently called Rod Fergusson, known as the "Fire Captain", to take over in an effort to save this ill-fated classic sequel.
Updated time: 2025/8/21 08:10
Google launches Pixel 10 series phones
Google (GOOGL) has released a new Pixel 10 series of phones, focusing on enhanced artificial intelligence functions, including "Magic Cue" that can instantly capture information on the device,"Camera Coach" that recommends photo composition and light, and "Super Res" that can zoom up to 100x.Premium Pixel 10 Pro and Pro XL also come with a one-year Gemini AI Pro subscription, further competing with OpenAI.Although Pixel's mobile phone market share is still small, it has put pressure on the iPhone with innovative AI features and unchanged price strategies.The new machine is expected to be available on August 28, and the folding model will be available on October 9.
Updated time: 2025/8/21 08:10
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