Morning Post; Trump fired on New York to suspend the approval of AI data centers, and Wash reaffirmed the independence of the Federal Reserve; Huang Jenxun appeared in Tokyo to promote AI cooperation with robots
Trump blasted New York for suspending the approval of AI data centers, and Warsh reiterated the independence of the Federal Reserve; Jen-Hsun Huang appeared in Tokyo to promote cooperation between AI and robots; Anthropic will launch an IPO as soon as October.
Summary: Trump blasted New York for suspending the approval of AI data centers; Warsh reiterated the independence of the Federal Reserve; Jen-Hsun Huang appeared in Tokyo to promote cooperation between AI and robots; Anthropic will launch an IPO as soon as October. U.S. stock market: The three major U.S. stock indexes closed higher on July 15. As of the close, the Dow Jones Industrial Average rose 150.37 points from the previous trading day to close at 52658.64 points, an increase of 0.29%; the S&P 500 stock index rose 28.81 points to close at 7572.4 points, an increase of 0.38%; the Nasdaq Composite Index rose 162.22 points to close at 26269.23 points, an increase of 0.62%. Most of the stocks with the largest value in the U.S. stock market rose. Apple rose more than 4% to hit a record high, Google, Meta, and Amazon rose more than 3%, Microsoft rose more than 2%, and Nvidia rose 0.33%. SpaceX fell 0.6% to US$135.27, falling below the US$135 IPO issue price for the first time in the session. Storage concept stocks and computer hardware sectors bucked the trend and fell sharply. SK Hynix fell by 9%, Micron Technology, SanDisk, and Western Digital fell by more than 8%, and AMD and HP fell by more than 3%. Consumer electronics and streaming media sectors rose, with FuboTV rising by more than 7%, Pinterest and Goss Electronics rising by more than 4%. Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 2.92%. Miniso rose by more than 9%, Tencent Holdings ADR rose by nearly 5%, Alibaba and Bilibili rose by more than 4%, Xpeng Group rose by more than 3%, Vipshop, iQiyi, Li Auto, and Pinduoduo rose by more than 2%, and Baidu and NetEase rose by more than 1%. European stock market: Europe's three major stock indexes had mixed gains and losses on July 15. The Financial Times' average price index of 100 stocks in the London stock market closed at 10515.92 points, down 13.47 points or 0.13% from the previous trading day; the CAC40 index in the Paris stock market in France closed at 838 2.43 points, an increase of 15.58 points or 0.19% from the previous trading day; the DAX index of the Frankfurt stock market in Germany closed at 24999.53 points, a decrease of 147.5 points or 0.59% from the previous trading day. Commodity market: International oil prices rose on July 15. As of the close of the day, the continuous contract of WTI crude oil futures on the New York Mercantile Exchange for the month rose by US$0.90 to close at US$80.24 per barrel, an increase of 1.13%. The continuous contract of COMEX gold futures for the month fell by US$2.80, or 0.07%, to US$4,066.9 per ounce. The continuous contract of COMEX silver futures for the month fell by US$1.00, or 1.70%, to US$58.1 per ounce. Spot gold rose $7.42, or 0.18%, to $4,060.38 per ounce. Spot silver fell by $0.93, or 1.58%, to $57.78 per ounce. Warsh: AI pushes up prices but not necessarily inflation. Any inflation indicator is imprecise. Trump did not try to interfere with the Federal Reserve. When he testified at the Senate's semi-annual monetary policy hearing for the first time since taking office, Federal Reserve Chairman Warsh reiterated the Fed's decision-making independence as a central bank, denied that US President Trump tried to interfere with the Fed, and pointed out that price increases caused by AI infrastructure construction do not necessarily constitute inflation, clearly distinguishing it from supply-shock price increases. Warsh admitted that June CPI and PPI data had improved, but pointed out that inflation indicators cannot perfectly reflect underlying inflation conditions; he said that one-time price changes do not necessarily lead to inflation. From the market supply-side response, AI and external conflicts have essentially different impacts on inflation; the AI craze has already pushed up the prices of chips and other products, and prices may rise in the next 12 months. Whether it will evolve into inflation depends on the actions of the Federal Reserve; Trump has been "repeatedly" told that he is independent and has never asked him to do anything inappropriate. If so, he will not do it. Trump reiterated his hope that interest rates would fall, saying it was better to stay on hold than to raise interest rates and respected Warsh.
U.S. President Trump said in an interview with reporters on Wednesday that it would be better for the Federal Reserve to suspend interest rate actions than to raise interest rates; he reiterated his hope of lowering interest rates and expected inflation to be lower by the end of the year than now. When asked: Would you accept it if the Fed paused interest rate changes for the rest of the year? Trump responded: "Well, it's better than raising rates, I mean, I'd like to see rates come down." When asked: Will you give Warsh some room to push for a rate cut later? Trump responded: "Yes. I have a lot of respect for him... Don't forget, he has a council. That council may be hostile and may hinder him. Maybe there are people in it who are not willing to do the right thing." Regarding inflation, Trump said oil prices will be volatile for some time. When the situation in Iran stabilizes, oil prices will fall to $55/barrel. Inflation is expected to be lower at the end of the year than now. Regarding the conflict between the United States and Iran, Trump claimed that Iran hopes to meet and Iran is very eager to reach reconciliation. Federal Reserve Beige Book: U.S. economy grows slightly to moderately, inflation outlook remains divergent, labor market is solid The Federal Reserve's latest Beige Book showed that U.S. economic activity improved moderately from late May to June, with 11 of the 12 Federal Reserve districts achieving growth. Inflation is generally moderate, but forecasts for the inflation outlook differ across jurisdictions, with uncertainty in energy prices becoming the biggest variable affecting the outlook. The labor market is solid, with employment expanding slightly, but a shortage of skilled workers is pushing up wages. Fed Governor Cook: Inflation risks have outweighed employment risks and action will be taken if inflation does not cool down Federal Reserve Governor Cook warned that the AI investment boom, coupled with supply shocks from tariffs and conflicts in the Middle East, are causing inflation risks to outweigh employment risks. Although CPI fell in June for the first time in six years, inflation is still nearly twice the 2% target. Cook made it clear: "If we don't see any signs of inflation coming back, I'm ready to take action." Trump criticizes New York for suspending AI data center approval: This is a "terrible decision" Trump took to social media on Wednesday to criticize New York Governor Kathy Hochul's executive order suspending environmental permits for large data centers, calling it a "bad decision" and demanding that the state immediately change its stance. He wrote that the tax revenue and jobs brought by data centers are "liquid gold" and a "huge victory" that states and communities can only meet by chance. The governor of New York immediately responded on social media, saying that "the community that provides computing power for AI should share its results," and asked rhetorically: "If data centers are really 'liquid gold,' should New Yorkers just get leftovers?" The governor of New York previously announced a moratorium on the issuance of environmental permits for new large-scale data centers for up to one year to allow the state to develop a regulatory framework to prevent higher electricity bills and impact on water supply. Hedge fund billionaire Dan Loeb also slammed the decision on social media, calling it "the stupidest decision since the aborted Amazon Second Headquarters project" and warning that the move would drive away billions of dollars in investment and cost thousands of jobs to Republican states. Anthropic may launch an IPO as soon as October this year, with its valuation rising to US$965 billion Artificial intelligence startup Anthropic PBC is planning to meet with investors before its initial public offering (IPO) to prepare for its potential large-scale IPO and join the rush for AI companies to go public. Previous media reports stated that Anthropic may launch an IPO as soon as October this year. If the listing proceeds as planned, Anthropic will complete the IPO ahead of its main competitor OpenAI. Previously reported that OpenAI has postponed its launch target from the originally planned fall of 2026 to 2027. It is worth mentioning that both companies have secretly submitted listing applications. Reports say Apple is seeking to acquire chip companies to accelerate the deployment of AI server capabilities
On July 15, The Information reported that Apple (AAPL.US) is actively looking for acquisition targets for chip companies. In the past few months, it has contacted investment banks and a number of semiconductor startups to evaluate potential transactions. Previously, Apple's self-developed next-generation AI server chip Baltra encountered delays, and the existing M2 Ultra has hit the performance ceiling in data center AI tasks. Apple was forced to outsource related heavy-load work to NVIDIA infrastructure powered by Google Cloud. Currently, it is in contact with a number of semiconductor startups and is holding talks with model compression startup PrismML. However, the specific acquisition target and transaction size have not yet been disclosed, and the relevant evaluation is still in the early stages. SpaceX stock price breaks, open source Grok Build SpaceX (SPCX.US) stock price fell for the fourth consecutive trading day, falling to $133 at one point during the session. Not only did it fall below the issue price of $135, it was also further below last month's high. At that time, the market value of SpaceX once exceeded that of Silicon Valley giants such as Microsoft and Amazon. The latter two companies not only had a longer history of public market transactions, but also had stronger financial performance. "I think the core issue that the market is concerned about is that a lot of people who hold this stock, some or a significant number of them may want to cash out, which puts a lot of pressure on the stock price," said Justus Parmar, CEO of Fortuna Investments. SpaceXAI announced that it will open source Grok Build and reset usage restrictions for all users. In response to user questions about privacy, the company stated that Grok Build has fully respected the zero data retention (ZDR) principle since its launch. All users have always been able to disable data uploads in the command line interface. In early beta, data retention was enabled by default for non-ZDR users. Effective July 12, the company has disabled default data retention for all Grok Build users and is in the process of deleting all previously retained encoded data to ensure each user's preferences are respected. Jen-Hsun Huang appears in Akihabara, Japan, and will announce a series of industrial cooperation on Thursday According to local media reports, Huang Renxun had a dinner with a group of Japanese partner executives at an izakaya in Kanda, Tokyo, on the evening of the 15th. The whole process lasted about two hours. It is reported that Huang Renxun and his party tasted skewers and beef offal hotpot and drank Japanese whiskey. Participants revealed that there was talk during the meeting such as "Let's work together (to promote the prosperity and development of semiconductor and other industries) and let the stock prices continue to rise." According to the schedule, Huang Renxun will attend the "Physics AI" event held by Japan's Ministry of Economy, Trade and Industry on Thursday afternoon, at which time a series of new collaborations may be announced. It is worth noting that when NVIDIA’s official website reported Huang Renxun’s trip on Wednesday, it also mentioned that NVIDIA and Japan were working together to “bring full-stack AI and robotics technology into all walks of life.” According to Bloomberg, Huang Jen-Hsun, who is visiting Tokyo to discuss how NVIDIA (NVDA.US) supports Japan’s Sovereign AI (Sovereign AI) and Physical AI (Physical AI) strategies, said that Vera Rubin hardware is steadily advancing towards "large-scale" production, but did not disclose a specific timetable. Microsoft security department to lay off hundreds of jobs As the world's largest cybersecurity software provider, Microsoft (MSFT.US) is comprehensively restructuring its security business segment to take advantage of widespread enterprise anxiety about AI-driven hacker attacks to seize market opportunities. Hayette Gallot, who officially took over Microsoft's security business in February this year, has taken the lead in allocating more team resources to focus on the development of various AI security products. In order to promote the transformation of the company's security system and artificial intelligence, Microsoft's new security chief Hyatt Garrott has replaced at least eight executives who reported to former security chief Charlie Bell. At the same time, Microsoft's security department has laid off hundreds of people. ASML plans to raise lithography machine prices, TSMC opposes
According to The Information, citing people familiar with the matter, ASML (ASML.US) is planning to increase the price of its chip manufacturing equipment. Its largest customer, TSMC, has expressed opposition to the Dutch lithography machine maker's price increase plan. RBC Capital Markets analysts Srini Pajjuri and others said in a report on Monday that the strong performance of ASML's major customers, including Taiwan Semiconductor Manufacturing Company (TSM.US), Samsung Electronics (005930.KR) and SK Hynix (SKHY.US), makes the current market environment "qualified for price increases." Previously, TSMC has stated that ASML’s most advanced high numerical aperture (High NA) EUV lithography machine has sold for more than 350 million euros (about 410 million U.S. dollars) per unit. The cost is too high and is not suitable for mass production. It is currently only used for research and development purposes. United Airlines’ revenue in the second quarter of fiscal year 2026 was US$17.70 billion, a year-on-year increase of 16% United Continental Airlines (UAL.US) total revenue in the second quarter of fiscal 2026 was US$17.70 billion, a year-on-year increase of 16%. Diluted earnings per share were $2.46. Net profit was US$805 million. Non-GAAP net profit was US$649 million, and Non-GAAP earnings per share were US$1.99. "Our performance demonstrates why we continue to invest in the customer experience in every cabin and win brand loyal customers," said United CEO Scott Kirby. "United thrives in any environment, and when oil prices soared in March, we quickly and decisively adjusted our schedule while doubling down on our investment in customer experience. Our brand loyal customers value traveling with United, whether in Polaris or Economy. Our route network expansion, investment in Starlink and Relax Innovations like Row give customers new reasons to choose United." AST SpaceMobile fell 12% after the bell, planning to issue 1 billion senior notes due in 2034 AST SpaceMobile (ASTS.US) announced that it intends to issue, subject to market conditions and other factors, an aggregate principal amount of $1.0 billion in convertible senior notes due 2034 (the "Notes") in a private placement (the "Notes Placement") to persons reasonably determined to be qualified institutional buyers pursuant to Section 144A of the Securities Act of 1933, as amended (the "Securities Act"). AST SpaceMobile also intends to grant the initial purchaser of the notes an option to purchase additional notes with an aggregate principal amount not exceeding 150 million within 13 days from the date of issuance of the notes (inclusive). Southbound Fund Tracking | Net purchases of over 13.3 billion Hong Kong dollars flowed into Alibaba and Tencent reduced their holdings in SMIC Data show that southbound funds traded approximately HK$134.221 billion yesterday, continuing to increase by approximately HK$5.3 billion from the previous day; accounting for approximately 44.11% of the total transaction volume of the Hang Seng Index, accounting for more than 40%, and rising again. Hong Kong stocks closed strongly higher yesterday, with the Hang Seng Index hitting a rebound high of this round. Southbound funds’ net purchases were approximately HK$13.364 billion. Among them, the net inflow of Shanghai-Hong Kong Stock Connect was approximately HK$4.497 billion, while the net inflow of Shenzhen-Hong Kong Stock Connect was approximately HK$8.866 billion. In terms of trend, southbound funds have seen net outflows on only one day in the past nine trading days, with a total of 76.992 billion Hong Kong dollars bought during the period. In terms of individual stocks, exchange data showed that southbound funds yesterday Substantial net purchases: Alibaba-W (09988.HK) HK$3.091 billion; Tencent Holdings (00700.HK) HK$1.806 billion; Zhipu (02513.HK) 1.540 billion Hong Kong dollars; Meituan-W (03690.HK) 1.286 billion Hong Kong dollars; YOFC Optical Fiber and Cable (06869.HK) 960 million Hong Kong dollars; GigaDevice (03986.HK) 741 million Hong Kong dollars. Significant net outflows: SMIC (00981.HK) HK$653 million; Xiaomi Group-W (01810.HK) HK$461 million. Alibaba-W rose 2.35% yesterday, with funds adding 70.71 million shares in the first five days, accelerating the short-term return.
Tencent Holdings rose 3.90% yesterday, with funds adding 950,000 shares in the first five days, and the short-term trend is unclear. Zhipu rose 6.69% yesterday, with funds adding 7 million shares in the first 5 days, maintaining short-term inflows. Meituan-W rose 5.30% yesterday, with funds adding 1.13 million shares in the first five days, and short-term inflows have become the main focus. GigaDevice fell 4.64% yesterday, with funds adding 870,000 shares in the past 5 days, accelerating short-term inflows. YOFC Optical Fiber and Cable rose 1.62% yesterday. Funds reduced their holdings by 13.56 million shares in the past 5 days, and are still on a short-term outflow trend. SMIC fell 2.62% yesterday. Funds reduced their holdings by 8.37 million shares in the past five days, forming a short-term outflow trend. Xiaomi Group-W fell 0.69% yesterday. Funds reduced their holdings by 30.57 million shares in the past 5 days, resulting in continuous short-term outflows. Note: Due to the T+2 settlement of the Hong Kong Stock Exchange, the actual positions are the data of the last 5 trading days as of two trading days ago. Zhaoyan New Drug (06127): Industry insiders told reporters from the Science and Technology Innovation Board Daily that the current overall price of experimental monkeys is on the rise. The price of a single cynomolgus monkey of an appropriate age of 3-5 years is generally in the range of more than 150,000 to about 200,000 yuan, and the price of a single rhesus monkey is around 120,000 yuan. According to a reporter from the Science and Technology Innovation Board Daily, we learned from Zhaoyan New Drug that the order schedule for the company’s experimental monkeys is relatively tight at this stage, currently around 4-5 months. China Southern Airlines (01055): In June, passenger transport capacity investment decreased by 1.18% year-on-year, passenger turnover decreased by 2.48% year-on-year, and passenger load factor was 84.03%, a year-on-year decrease of 1.13 percentage points. Cargo and mail turnover decreased by 2.18% year-on-year. China Coal Energy (01898): Commercial coal sales in the first six months were 119.78 million tons, a year-on-year decrease of 6.9%. Commercial coal sales in June were 21.47 million tons, a year-on-year decrease of 0.8%. Datang New Energy (01798): In the first six months, the cumulative power generation capacity was 16.5958 million MWh, a year-on-year decrease.
U.S. President Trump said in an interview with reporters on Wednesday that it would be better for the Federal Reserve to suspend interest rate actions than to raise interest rates; he reiterated his hope of lowering interest rates and expected inflation to be lower by the end of the year than now. When asked: Would you accept it if the Fed paused interest rate changes for the rest of the year? Trump responded: "Well, it's better than raising rates, I mean, I'd like to see rates come down." When asked: Will you give Warsh some room to push for a rate cut later? Trump responded: "Yes. I have a lot of respect for him... Don't forget, he has a council. That council may be hostile and may hinder him. Maybe there are people in it who are not willing to do the right thing." Regarding inflation, Trump said oil prices will be volatile for some time. When the situation in Iran stabilizes, oil prices will fall to $55/barrel. Inflation is expected to be lower at the end of the year than now. Regarding the conflict between the United States and Iran, Trump claimed that Iran hopes to meet and Iran is very eager to reach reconciliation. Federal Reserve Beige Book: U.S. economy grows slightly to moderately, inflation outlook remains divergent, labor market is solid The Federal Reserve's latest Beige Book showed that U.S. economic activity improved moderately from late May to June, with 11 of the 12 Federal Reserve districts achieving growth. Inflation is generally moderate, but forecasts for the inflation outlook differ across jurisdictions, with uncertainty in energy prices becoming the biggest variable affecting the outlook. The labor market is solid, with employment expanding slightly, but a shortage of skilled workers is pushing up wages. Fed Governor Cook: Inflation risks have outweighed employment risks and action will be taken if inflation does not cool down Federal Reserve Governor Cook warned that the AI investment boom, coupled with supply shocks from tariffs and conflicts in the Middle East, are causing inflation risks to outweigh employment risks. Although CPI fell in June for the first time in six years, inflation is still nearly twice the 2% target. Cook made it clear: "If we don't see any signs of inflation coming back, I'm ready to take action." Trump criticizes New York for suspending AI data center approval: This is a "terrible decision" Trump took to social media on Wednesday to criticize New York Governor Kathy Hochul's executive order suspending environmental permits for large data centers, calling it a "bad decision" and demanding that the state immediately change its stance. He wrote that the tax revenue and jobs brought by data centers are "liquid gold" and a "huge victory" that states and communities can only meet by chance. The governor of New York immediately responded on social media, saying that "the community that provides computing power for AI should share its results," and asked rhetorically: "If data centers are really 'liquid gold,' should New Yorkers just get leftovers?" The governor of New York previously announced a moratorium on the issuance of environmental permits for new large-scale data centers for up to one year to allow the state to develop a regulatory framework to prevent higher electricity bills and impact on water supply. Hedge fund billionaire Dan Loeb also slammed the decision on social media, calling it "the stupidest decision since the aborted Amazon Second Headquarters project" and warning that the move would drive away billions of dollars in investment and cost thousands of jobs to Republican states. Anthropic may launch an IPO as soon as October this year, with its valuation rising to US$965 billion Artificial intelligence startup Anthropic PBC is planning to meet with investors before its initial public offering (IPO) to prepare for its potential large-scale IPO and join the rush for AI companies to go public. Previous media reports stated that Anthropic may launch an IPO as soon as October this year. If the listing proceeds as planned, Anthropic will complete the IPO ahead of its main competitor OpenAI. Previously reported that OpenAI has postponed its launch target from the originally planned fall of 2026 to 2027. It is worth mentioning that both companies have secretly submitted listing applications. Reports say Apple is seeking to acquire chip companies to accelerate the deployment of AI server capabilities
On July 15, The Information reported that Apple (AAPL.US) is actively looking for acquisition targets for chip companies. In the past few months, it has contacted investment banks and a number of semiconductor startups to evaluate potential transactions. Previously, Apple's self-developed next-generation AI server chip Baltra encountered delays, and the existing M2 Ultra has hit the performance ceiling in data center AI tasks. Apple was forced to outsource related heavy-load work to NVIDIA infrastructure powered by Google Cloud. Currently, it is in contact with a number of semiconductor startups and is holding talks with model compression startup PrismML. However, the specific acquisition target and transaction size have not yet been disclosed, and the relevant evaluation is still in the early stages. SpaceX stock price breaks, open source Grok Build SpaceX (SPCX.US) stock price fell for the fourth consecutive trading day, falling to $133 at one point during the session. Not only did it fall below the issue price of $135, it was also further below last month's high. At that time, the market value of SpaceX once exceeded that of Silicon Valley giants such as Microsoft and Amazon. The latter two companies not only had a longer history of public market transactions, but also had stronger financial performance. "I think the core issue that the market is concerned about is that a lot of people who hold this stock, some or a significant number of them may want to cash out, which puts a lot of pressure on the stock price," said Justus Parmar, CEO of Fortuna Investments. SpaceXAI announced that it will open source Grok Build and reset usage restrictions for all users. In response to user questions about privacy, the company stated that Grok Build has fully respected the zero data retention (ZDR) principle since its launch. All users have always been able to disable data uploads in the command line interface. In early beta, data retention was enabled by default for non-ZDR users. Effective July 12, the company has disabled default data retention for all Grok Build users and is in the process of deleting all previously retained encoded data to ensure each user's preferences are respected. Jen-Hsun Huang appears in Akihabara, Japan, and will announce a series of industrial cooperation on Thursday According to local media reports, Huang Renxun had a dinner with a group of Japanese partner executives at an izakaya in Kanda, Tokyo, on the evening of the 15th. The whole process lasted about two hours. It is reported that Huang Renxun and his party tasted skewers and beef offal hotpot and drank Japanese whiskey. Participants revealed that there was talk during the meeting such as "Let's work together (to promote the prosperity and development of semiconductor and other industries) and let the stock prices continue to rise." According to the schedule, Huang Renxun will attend the "Physics AI" event held by Japan's Ministry of Economy, Trade and Industry on Thursday afternoon, at which time a series of new collaborations may be announced. It is worth noting that when NVIDIA’s official website reported Huang Renxun’s trip on Wednesday, it also mentioned that NVIDIA and Japan were working together to “bring full-stack AI and robotics technology into all walks of life.” According to Bloomberg, Huang Jen-Hsun, who is visiting Tokyo to discuss how NVIDIA (NVDA.US) supports Japan’s Sovereign AI (Sovereign AI) and Physical AI (Physical AI) strategies, said that Vera Rubin hardware is steadily advancing towards "large-scale" production, but did not disclose a specific timetable. Microsoft security department to lay off hundreds of jobs As the world's largest cybersecurity software provider, Microsoft (MSFT.US) is comprehensively restructuring its security business segment to take advantage of widespread enterprise anxiety about AI-driven hacker attacks to seize market opportunities. Hayette Gallot, who officially took over Microsoft's security business in February this year, has taken the lead in allocating more team resources to focus on the development of various AI security products. In order to promote the transformation of the company's security system and artificial intelligence, Microsoft's new security chief Hyatt Garrott has replaced at least eight executives who reported to former security chief Charlie Bell. At the same time, Microsoft's security department has laid off hundreds of people. ASML plans to raise lithography machine prices, TSMC opposes
According to The Information, citing people familiar with the matter, ASML (ASML.US) is planning to increase the price of its chip manufacturing equipment. Its largest customer, TSMC, has expressed opposition to the Dutch lithography machine maker's price increase plan. RBC Capital Markets analysts Srini Pajjuri and others said in a report on Monday that the strong performance of ASML's major customers, including Taiwan Semiconductor Manufacturing Company (TSM.US), Samsung Electronics (005930.KR) and SK Hynix (SKHY.US), makes the current market environment "qualified for price increases." Previously, TSMC has stated that ASML’s most advanced high numerical aperture (High NA) EUV lithography machine has sold for more than 350 million euros (about 410 million U.S. dollars) per unit. The cost is too high and is not suitable for mass production. It is currently only used for research and development purposes. United Airlines’ revenue in the second quarter of fiscal year 2026 was US$17.70 billion, a year-on-year increase of 16% United Continental Airlines (UAL.US) total revenue in the second quarter of fiscal 2026 was US$17.70 billion, a year-on-year increase of 16%. Diluted earnings per share were $2.46. Net profit was US$805 million. Non-GAAP net profit was US$649 million, and Non-GAAP earnings per share were US$1.99. "Our performance demonstrates why we continue to invest in the customer experience in every cabin and win brand loyal customers," said United CEO Scott Kirby. "United thrives in any environment, and when oil prices soared in March, we quickly and decisively adjusted our schedule while doubling down on our investment in customer experience. Our brand loyal customers value traveling with United, whether in Polaris or Economy. Our route network expansion, investment in Starlink and Relax Innovations like Row give customers new reasons to choose United." AST SpaceMobile fell 12% after the bell, planning to issue 1 billion senior notes due in 2034 AST SpaceMobile (ASTS.US) announced that it intends to issue, subject to market conditions and other factors, an aggregate principal amount of $1.0 billion in convertible senior notes due 2034 (the "Notes") in a private placement (the "Notes Placement") to persons reasonably determined to be qualified institutional buyers pursuant to Section 144A of the Securities Act of 1933, as amended (the "Securities Act"). AST SpaceMobile also intends to grant the initial purchaser of the notes an option to purchase additional notes with an aggregate principal amount not exceeding 150 million within 13 days from the date of issuance of the notes (inclusive). Southbound Fund Tracking | Net purchases of over 13.3 billion Hong Kong dollars flowed into Alibaba and Tencent reduced their holdings in SMIC Data show that southbound funds traded approximately HK$134.221 billion yesterday, continuing to increase by approximately HK$5.3 billion from the previous day; accounting for approximately 44.11% of the total transaction volume of the Hang Seng Index, accounting for more than 40%, and rising again. Hong Kong stocks closed strongly higher yesterday, with the Hang Seng Index hitting a rebound high of this round. Southbound funds’ net purchases were approximately HK$13.364 billion. Among them, the net inflow of Shanghai-Hong Kong Stock Connect was approximately HK$4.497 billion, while the net inflow of Shenzhen-Hong Kong Stock Connect was approximately HK$8.866 billion. In terms of trend, southbound funds have seen net outflows on only one day in the past nine trading days, with a total of 76.992 billion Hong Kong dollars bought during the period. In terms of individual stocks, exchange data showed that southbound funds yesterday Substantial net purchases: Alibaba-W (09988.HK) HK$3.091 billion; Tencent Holdings (00700.HK) HK$1.806 billion; Zhipu (02513.HK) 1.540 billion Hong Kong dollars; Meituan-W (03690.HK) 1.286 billion Hong Kong dollars; YOFC Optical Fiber and Cable (06869.HK) 960 million Hong Kong dollars; GigaDevice (03986.HK) 741 million Hong Kong dollars. Significant net outflows: SMIC (00981.HK) HK$653 million; Xiaomi Group-W (01810.HK) HK$461 million. Alibaba-W rose 2.35% yesterday, with funds adding 70.71 million shares in the first five days, accelerating the short-term return.
Tencent Holdings rose 3.90% yesterday, with funds adding 950,000 shares in the first five days, and the short-term trend is unclear. Zhipu rose 6.69% yesterday, with funds adding 7 million shares in the first 5 days, maintaining short-term inflows. Meituan-W rose 5.30% yesterday, with funds adding 1.13 million shares in the first five days, and short-term inflows have become the main focus. GigaDevice fell 4.64% yesterday, with funds adding 870,000 shares in the past 5 days, accelerating short-term inflows. YOFC Optical Fiber and Cable rose 1.62% yesterday. Funds reduced their holdings by 13.56 million shares in the past 5 days, and are still on a short-term outflow trend. SMIC fell 2.62% yesterday. Funds reduced their holdings by 8.37 million shares in the past five days, forming a short-term outflow trend. Xiaomi Group-W fell 0.69% yesterday. Funds reduced their holdings by 30.57 million shares in the past 5 days, resulting in continuous short-term outflows. Note: Due to the T+2 settlement of the Hong Kong Stock Exchange, the actual positions are the data of the last 5 trading days as of two trading days ago. Zhaoyan New Drug (06127): Industry insiders told reporters from the Science and Technology Innovation Board Daily that the current overall price of experimental monkeys is on the rise. The price of a single cynomolgus monkey of an appropriate age of 3-5 years is generally in the range of more than 150,000 to about 200,000 yuan, and the price of a single rhesus monkey is around 120,000 yuan. According to a reporter from the Science and Technology Innovation Board Daily, we learned from Zhaoyan New Drug that the order schedule for the company’s experimental monkeys is relatively tight at this stage, currently around 4-5 months. China Southern Airlines (01055): In June, passenger transport capacity investment decreased by 1.18% year-on-year, passenger turnover decreased by 2.48% year-on-year, and passenger load factor was 84.03%, a year-on-year decrease of 1.13 percentage points. Cargo and mail turnover decreased by 2.18% year-on-year. China Coal Energy (01898): Commercial coal sales in the first six months were 119.78 million tons, a year-on-year decrease of 6.9%. Commercial coal sales in June were 21.47 million tons, a year-on-year decrease of 0.8%. Datang New Energy (01798): In the first six months, the cumulative power generation capacity was 16.5958 million MWh, a year-on-year decrease.