U.S. stocks close higher, Nasdaq leads gains, Open AI executive Feige Simo resigns
On July 9 (Thursday), Eastern Time, the three major U.S. stock indexes collectively closed higher. The S&P 500 (SPX) index rose 0.81% to 7,543.64 points; the Dow Jones Index rose 0.27% to 52,487.41 points; and the Nasdaq (NDAQ) Index rose 1.30% to 26,206.89 points. On July 9, the benchmark 10-year U.S. Treasury yield was 4.54%, and the 2-year U.S. Treasury yield, which is most sensitive to the Federal Reserve’s policy interest rate, was 4.16%. Among popular U.S. stocks, Nvidia (NVDA) fell 0.66%, Apple (AAPL) rose 0.90%, Google A (GOOGL) fell 0.84%, Google C (GOOG) fell 0.69%, Microsoft (MSFT) rose 0.27%, and Amazon (AM) ZN) rose 1.40%, TSMC (TSM) fell 0.03%, Meta (META) rose 4.70%, Tesla (TSLA) rose 3.17%, AMD Semiconductor (AMD) rose 5.67%, and Intel (INTC) rose 2.09%. Index rise and fall points: French cac40 (FCHI) 0.90% 8326.62 British FTSE 100 (FTSE) -0.16% 10472.45 German dax (GDAXI) 0.89% 25118.27 Russian rts (RTS) -0.92% 907.25 On July 9, overnight Hang Seng Technology Index futures rose 0.64%, the Nasdaq (NDAQ) China Golden Dragon Index rose 0.56%, and the FTSE China A50 Index rose 2.63%. In terms of popular Chinese concept stocks, Tencent Holdings (HK0700) (Hong Kong stocks) fell 1.92%, Alibaba (BABA) rose 2.01%, Pinduoduo (PDD) rose 1.35%, NetEase (NT) ES) rose 0.47%, Baidu (BIDU) fell 0.09%, Ctrip (TCOM) rose 0.12%, Li Auto (LI) fell 1.73%, and NIO (NIO) fell 2.45%. Foreign exchange rate rise and fall (basis points) USD/CNY (off) 6.80-7.5 bp USD/EUR 0.87-2.6 bp USD/JPY 162.36-300 bp Commodity futures latest price COMEX silver 2.71% 60.04 US dollars / ounce COMEX gold 1.06% 4128.40 US dollars / ounce WTI crude oil 3.56% 74.78 US dollars / barrel Brent crude oil 4.66% 79.48 US dollars / barrel LME copper -1.51% 13097.18 US dollars / ton
OpenAI executive Figi Simo announced his resignation. OpenAI's second-ranking executive Figi Simo plans to resign from his full-time position after taking a long medical leave. She sent an internal notice to all employees on Thursday informing her of the decision, saying that her condition had worsened and her recovery period (883436) was far longer than expected. She will later become a part-time consultant for the company. This personnel change is the latest adjustment for OpenAI’s senior management. The company is preparing for a highly anticipated listing, which is expected to be completed as soon as this year, while striving to catch up with rival Isobar in terms of enterprise customer business. Seamus was appointed by CEO Sam Altman to oversee OpenAI's product and business departments. The market had generally expected that she would assume more core management responsibilities after the company went public. (Sina Finance) The probability of the Federal Reserve keeping interest rates unchanged in July is 74.9%. According to CME's "Fed Watch": the probability of the Federal Reserve keeping interest rates unchanged in July is 74.9%, and the probability of raising interest rates by a cumulative 25 basis points is 25.1%. The probability that the Fed will keep interest rates unchanged until September is 35.7%, the probability of a cumulative interest rate hike of 25 basis points is 51.1%, and the probability of a cumulative 50 basis point interest rate hike is 13.1%. Minutes of the Federal Reserve meeting reveal internal differences and unclear outlook for inflation and interest rates. The Federal Reserve concluded its two-day monetary policy meeting on June 17 and announced that the target range for the federal funds rate will remain unchanged at 3.5% to 3.75%. On July 8, the U.S. Federal Reserve Board released the minutes of its June monetary policy meeting. The minutes showed that Fed officials still have clear differences on the trend of U.S. inflation and the direction of future monetary policy. The minutes of the meeting paid special attention to the impact of artificial intelligence (885728) on inflation. Some officials believe that continued strong demand for artificial intelligence (885728) may cause technology products and electricity prices to continue to rise. But some other officials have said that productivity improvements brought about by artificial intelligence (885728) applications will eventually reduce product costs and increase aggregate supply, leading to lower inflation. The minutes specifically mentioned that the uncertainty of this economic forecast is significantly higher. The core reasons come from the uncertainty of the situation in the Middle East and the potential impact of artificial intelligence (885728) investment and industry on the economy. (CCTV News) Meta (META): It is reasonable to explore the AI cloud business and consider leasing computing power. Meta (META) Platforms CEO Zuckerberg said that the company needs to obtain as much computing power as possible, but in a market where the resources required to run and develop AI products are in short supply, he is also considering whether it can bring higher value if part of Meta (META)'s AI infrastructure is rented to external companies. Zuckerberg said it is reasonable to rent computing resources or consider such transactions. As reported earlier this month, Meta (META) is developing a cloud business plan - which will help the company directly generate revenue through its data centers and other computing power cooperation projects. Zuckerberg said there is definitely potential to build a cloud business if we want to. Zuckerberg said this does not mean Meta (META) has been overbuilt or has excess computing power. “I don’t know anyone in the industry who feels they have too much computing power,” he said. He added that Meta (META) is currently making full use of all its computing resources. European Central Bank President Lagarde said that EU governments must take action to develop the economy, and Europe clearly needs to build a European asset. European Central Bank President Lagarde said that EU governments must take action to develop the economy. Europe clearly needs to build a European asset. (Financial Associated Press) The CEO of Meta (META) Platforms said that it is reasonable to explore the AI cloud business. The CEO of Meta (META) Platforms said that it is reasonable to explore the AI cloud business. Logan: Voluntary central clearing mechanism may improve the efficiency of open market operations Dallas Fed President Logan said that if the Federal Open Market Committee conducts open market operations through a voluntary central clearing mechanism, it will help improve operational efficiency and effectiveness and enhance the stability of the U.S. financial market. Logan noted that arrangements could improve the use of Fed tools, such as the Standing Repo Facility. This tool is designed to provide compliance
Financial institutions provide liquidity, but the current market usage is still low. Some believe streamlining the liquidation process could make it more attractive. She also said that market leverage levels need to be carefully managed, and financial markets need to maintain an appropriate balance between the benefits and risks brought by leverage, as well as leverage and liquidity. Fed Logan: Voluntary central clearing will help the Federal Reserve’s open market operations. Lorie Logan, president of the Federal Reserve Bank of Dallas (2026 FOMC voting committee), said that if open market operations are carried out through a voluntary central clearing mechanism, it may bring benefits to the financial system. Logan said at a meeting on market liquidity hosted by the New York Fed that the Federal Open Market Committee (FOMC) "if it conducts open market operations on a voluntary basis through central clearing, it will be able to make its open market operations more efficient and effective and help enhance the overall soundness of the U.S. financial market." Logan also said that leverage levels in the market need to be carefully managed. "Maintaining a strong and efficient financial market requires market participants and official departments to make an appropriate balance between the benefits and risks of leverage use, and the interaction between leverage and market liquidity." OpenAI launches Chatgpt Work powered by GPT-5.6, a new Chatgpt desktop application that integrates chat, work, and Codex. OpenAI launches Chatgpt Work powered by GPT-5.6, a new Chatgpt desktop application that integrates chat, work, and Codex. Anthropic appoints former Federal Reserve Chairman Ben Bernanke to Long-Term Oversight Trust Committee Former Federal Reserve Chairman Ben Bernanke has been appointed to Anthropic’s Long-Term Benefit Trust. The watchdog aims to ensure the AI company is accountable to its public mission. Bernanke will advise on topics such as the social impact of AI, including its potential to replace white-collar jobs and concerns that huge spending on new technologies is fueling financial bubbles. As a member of the trust, Bernanke has the power to appoint and remove members of the company's board of directors and advise top management on key decisions including AI risks and social impact.
OpenAI executive Figi Simo announced his resignation. OpenAI's second-ranking executive Figi Simo plans to resign from his full-time position after taking a long medical leave. She sent an internal notice to all employees on Thursday informing her of the decision, saying that her condition had worsened and her recovery period (883436) was far longer than expected. She will later become a part-time consultant for the company. This personnel change is the latest adjustment for OpenAI’s senior management. The company is preparing for a highly anticipated listing, which is expected to be completed as soon as this year, while striving to catch up with rival Isobar in terms of enterprise customer business. Seamus was appointed by CEO Sam Altman to oversee OpenAI's product and business departments. The market had generally expected that she would assume more core management responsibilities after the company went public. (Sina Finance) The probability of the Federal Reserve keeping interest rates unchanged in July is 74.9%. According to CME's "Fed Watch": the probability of the Federal Reserve keeping interest rates unchanged in July is 74.9%, and the probability of raising interest rates by a cumulative 25 basis points is 25.1%. The probability that the Fed will keep interest rates unchanged until September is 35.7%, the probability of a cumulative interest rate hike of 25 basis points is 51.1%, and the probability of a cumulative 50 basis point interest rate hike is 13.1%. Minutes of the Federal Reserve meeting reveal internal differences and unclear outlook for inflation and interest rates. The Federal Reserve concluded its two-day monetary policy meeting on June 17 and announced that the target range for the federal funds rate will remain unchanged at 3.5% to 3.75%. On July 8, the U.S. Federal Reserve Board released the minutes of its June monetary policy meeting. The minutes showed that Fed officials still have clear differences on the trend of U.S. inflation and the direction of future monetary policy. The minutes of the meeting paid special attention to the impact of artificial intelligence (885728) on inflation. Some officials believe that continued strong demand for artificial intelligence (885728) may cause technology products and electricity prices to continue to rise. But some other officials have said that productivity improvements brought about by artificial intelligence (885728) applications will eventually reduce product costs and increase aggregate supply, leading to lower inflation. The minutes specifically mentioned that the uncertainty of this economic forecast is significantly higher. The core reasons come from the uncertainty of the situation in the Middle East and the potential impact of artificial intelligence (885728) investment and industry on the economy. (CCTV News) Meta (META): It is reasonable to explore the AI cloud business and consider leasing computing power. Meta (META) Platforms CEO Zuckerberg said that the company needs to obtain as much computing power as possible, but in a market where the resources required to run and develop AI products are in short supply, he is also considering whether it can bring higher value if part of Meta (META)'s AI infrastructure is rented to external companies. Zuckerberg said it is reasonable to rent computing resources or consider such transactions. As reported earlier this month, Meta (META) is developing a cloud business plan - which will help the company directly generate revenue through its data centers and other computing power cooperation projects. Zuckerberg said there is definitely potential to build a cloud business if we want to. Zuckerberg said this does not mean Meta (META) has been overbuilt or has excess computing power. “I don’t know anyone in the industry who feels they have too much computing power,” he said. He added that Meta (META) is currently making full use of all its computing resources. European Central Bank President Lagarde said that EU governments must take action to develop the economy, and Europe clearly needs to build a European asset. European Central Bank President Lagarde said that EU governments must take action to develop the economy. Europe clearly needs to build a European asset. (Financial Associated Press) The CEO of Meta (META) Platforms said that it is reasonable to explore the AI cloud business. The CEO of Meta (META) Platforms said that it is reasonable to explore the AI cloud business. Logan: Voluntary central clearing mechanism may improve the efficiency of open market operations Dallas Fed President Logan said that if the Federal Open Market Committee conducts open market operations through a voluntary central clearing mechanism, it will help improve operational efficiency and effectiveness and enhance the stability of the U.S. financial market. Logan noted that arrangements could improve the use of Fed tools, such as the Standing Repo Facility. This tool is designed to provide compliance
Financial institutions provide liquidity, but the current market usage is still low. Some believe streamlining the liquidation process could make it more attractive. She also said that market leverage levels need to be carefully managed, and financial markets need to maintain an appropriate balance between the benefits and risks brought by leverage, as well as leverage and liquidity. Fed Logan: Voluntary central clearing will help the Federal Reserve’s open market operations. Lorie Logan, president of the Federal Reserve Bank of Dallas (2026 FOMC voting committee), said that if open market operations are carried out through a voluntary central clearing mechanism, it may bring benefits to the financial system. Logan said at a meeting on market liquidity hosted by the New York Fed that the Federal Open Market Committee (FOMC) "if it conducts open market operations on a voluntary basis through central clearing, it will be able to make its open market operations more efficient and effective and help enhance the overall soundness of the U.S. financial market." Logan also said that leverage levels in the market need to be carefully managed. "Maintaining a strong and efficient financial market requires market participants and official departments to make an appropriate balance between the benefits and risks of leverage use, and the interaction between leverage and market liquidity." OpenAI launches Chatgpt Work powered by GPT-5.6, a new Chatgpt desktop application that integrates chat, work, and Codex. OpenAI launches Chatgpt Work powered by GPT-5.6, a new Chatgpt desktop application that integrates chat, work, and Codex. Anthropic appoints former Federal Reserve Chairman Ben Bernanke to Long-Term Oversight Trust Committee Former Federal Reserve Chairman Ben Bernanke has been appointed to Anthropic’s Long-Term Benefit Trust. The watchdog aims to ensure the AI company is accountable to its public mission. Bernanke will advise on topics such as the social impact of AI, including its potential to replace white-collar jobs and concerns that huge spending on new technologies is fueling financial bubbles. As a member of the trust, Bernanke has the power to appoint and remove members of the company's board of directors and advise top management on key decisions including AI risks and social impact.