News

According to CNBC: As Apple (AAPL.O) increases its investment in artificial intelligence, as of the March quarter, Apple's (AAPL.O) R&D expenditure accounted for 10.3% of revenue.

U.S. diplomats are being reminded to be wary of online prediction markets as the future of Iran's nuclear negotiations remains unclear.

Market News: Meta-backed Scale AI has secured a US Department of Defense contract worth $500 million.

Fed Goolsby: Given the long-lasting conflict between the United States and Iran, it is not surprising to see signs of intensifying supply chain problems.

Federal Reserve Goolsby: Due to the dual impact of population aging and immigration restrictions, the United States may be entering an era of labor shortages.

Fed Goolsby: Sustained price increases for core services, wealth-driven consumption by affluent households, and rising wages in occupations related to artificial intelligence investments may indicate more persistent inflation.

According to Nikkei: U.S. Treasury Secretary Bessent will hold talks with Japanese Prime Minister Takaichi Sanae, Japanese Finance Minister Katayama Satsuki and Bank of Japan Governor Kazuo Ueda respectively next Tuesday. Bessant will discuss the yen's weakness next week and, in addition to currency issues, the agenda will cover economic security topics such as rare earths and energy procurement.

Fed Goolsby: Reshaping the Fed's inflation framework will not be easy.

Fed Goolsby: The Fed should use all data as comprehensively as possible, but believes there is no panacea for inflation.

Fed Goolsby: If low consumer confidence leads to a decline in consumer spending, it will focus on "insufficient demand".

Fed Goolsby: Momentum markets appear to be fairly stable, but inflation has exceeded target for five consecutive years and progress on that front has stalled.

Fed Goolsby: Fed chairman nominee Warsh has some new ideas worth pondering.

The Dow Jones Index closed up 612.34 points, or 1.24%, at 49910.59 points on May 6 (Wednesday);The S&P 500 Index closed up 105.8 points on May 6 (Wednesday) 6 points, an increase of 1.46%, to 7365.08 points;The Nasdaq Composite Index closed up 512.82 points, or 2.02%, to 25838.94 points on May 6 (Wednesday).

Fed Goolsby: All policy options are always under consideration, and everyone should know this.

Fed Goolsby: It is clear from public statements that there are different views within the Fed on the direction of inflation and labor market conditions.

Fed Goolsby: The longer oil prices remain high, the more likely people will factor in higher inflation expectations, which will be an "extremely tricky" situation for central banks.

Fed Goolsby: U.S. productivity growth has proven to be somewhat sustainable, but its impact on interest rates is more subtle.

Federal Reserve Goolsby: The Federal Reserve needs to be wary of current economic behaviors that appear to be based on "big returns" in the future, such as consumption driven by the wealth effect, or overheated local markets based on data center investment.

Fed Goolsby: Any sign that U.S. inflation is continuing to move in the wrong direction will require us to reexamine the correct path for monetary policy.

Fed Goolsby: The labor market is stable but not ideal; the current growth in non-farm employment is not a good indicator of the economy's spare capacity.