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On July 15, President Trump stated: Good news, the inflation caused by the Democrats has significantly decreased, and we will further reduce it.

[Trump: Inflation Caused by Democrats Has Significantly Decreased and Will Further Decline]On July 15, President Trump stated: Good news, the inflation caused by the Democrats has significantly decreased, and we will further reduce it.

Trump: Inflation Caused by Democrats Has Significantly Decreased and Will Further Decline

On July 15, according to monitoring by Lookonchain, a trader transformed a $10.8 million loss into over $8 million in profit within two weeks. Yesterday, the trader placed a $11.3 million bet on the match between Spain and France, resulting in a profit of $9.9 million.

[Trader Turns $10.8 Million Loss into Over $8 Million Profit in Two Weeks Betting on World Cup Outcomes]On July 15, according to monitoring by Lookonchain, a trader transformed a $10.8 million loss into over $8 million in profit within two weeks. Yesterday, the trader placed a $11.3 million bet on the match between Spain and France, resulting in a profit of $9.9 million.

Trader Turns $10.8 Million Loss into Over $8 Million Profit in Two Weeks Betting on World Cup Outcomes

On the 14th, Kevin Hassett, chairman of the White House Council of Economic Advisers, stated in an interview regarding the June CPI report, "All 67 economists surveyed by Bloomberg got it wrong!" He noted that the June CPI decreased by 0.4% month-over-month, marking the largest monthly decline in six years, thanks to various cost-cutting measures implemented by President Trump.

[White House's Hassett Critiques: All 67 Economists Wrong on CPI Forecast]On the 14th, Kevin Hassett, chairman of the White House Council of Economic Advisers, stated in an interview regarding the June CPI report, "All 67 economists surveyed by Bloomberg got it wrong!" He noted that the June CPI decreased by 0.4% month-over-month, marking the largest monthly decline in six years, thanks to various cost-cutting measures implemented by President Trump.

White House's Hassett Critiques: All 67 Economists Wrong on CPI Forecast

On July 15, local time July 14, Iranian Deputy Foreign Minister Abbas Araghchi stated in an interview that the passage of ships through the Strait of Hormuz is not important to the United States, a fact acknowledged by U.S. President Trump himself. However, the U.S. does not wish for Iran to have actual sovereignty over the Strait of Hormuz. Araghchi also mentioned that Iran has never left the negotiating table; it was the U.S. that tore up the Islamabad Memorandum of Understanding. Iran will never bow first to request negotiations with the U.S. (CCTV International News)

[Iran: Iran Will Not Bow First to Request Negotiations with the U.S.]On July 15, local time July 14, Iranian Deputy Foreign Minister Abbas Araghchi stated in an interview that the passage of ships through the Strait of Hormuz is not important to the United States, a fact acknowledged by U.S. President Trump himself. However, the U.S. does not wish for Iran to have actual sovereignty over the Strait of Hormuz. Araghchi also mentioned that Iran has never left the negotiating table; it was the U.S. that tore up the Islamabad Memorandum of Understanding. Iran will never bow first to request negotiations with the U.S. (CCTV International News)

Iran: Iran Will Not Bow First to Request Negotiations with the U.S.

On July 15, renowned economist Nouriel Roubini, known for his pessimistic forecasts and dubbed the 'Dr. Doom,' warned that inflation remains the biggest risk facing the market. Key factors driving inflation include geopolitical tensions, de-globalization, and increased government spending. Roubini cautioned that if the inflation trend continues to rise, long-term bond yields could experience significant changes. He stated that if the U.S. Consumer Price Index (CPI) reaches 5%-6%, the yield on 10-year U.S. Treasury bonds could be 'close to' 8%. This would be the highest level since 1994, a substantial increase from the current level of approximately 4.58%. He noted that in addition to market factors, other structural factors could also drive yields higher. For instance, the rising level of government debt means the Treasury will need to issue more bonds. If demand does not increase in tandem, the increased bond supply will lead to higher yields.

[Roubini Warns: Inflation Remains the Biggest Risk to Markets, U.S. Bond Yields May Reach 30-Year Highs]On July 15, renowned economist Nouriel Roubini, known for his pessimistic forecasts and dubbed the 'Dr. Doom,' warned that inflation remains the biggest risk facing the market. Key factors driving inflation include geopolitical tensions, de-globalization, and increased government spending. Roubini cautioned that if the inflation trend continues to rise, long-term bond yields could experience significant changes. He stated that if the U.S. Consumer Price Index (CPI) reaches 5%-6%, the yield on 10-year U.S. Treasury bonds could be 'close to' 8%. This would be the highest level since 1994, a substantial increase from the current level of approximately 4.58%. He noted that in addition to market factors, other structural factors could also drive yields higher. For instance, the rising level of government debt means the Treasury will need to issue more bonds. If demand does not increase in tandem, the increased bond supply will lead to higher yields.

Roubini Warns: Inflation Remains the Biggest Risk to Markets, U.S. Bond Yields May Reach 30-Year Highs

On July 15, BlackRock reported that its assets under management (AUM) for the second quarter were $15.34 trillion, exceeding the estimate of $15.19 trillion.

[BlackRock's Q2 Assets Under Management Reach $15.34 Trillion]On July 15, BlackRock reported that its assets under management (AUM) for the second quarter were $15.34 trillion, exceeding the estimate of $15.19 trillion.

BlackRock's Q2 Assets Under Management Reach $15.34 Trillion

On July 15, IBM launched the IBM Power autonomous operating AI agent.

[IBM Launches IBM Power Autonomous Operating AI Agent]On July 15, IBM launched the IBM Power autonomous operating AI agent.

IBM Launches IBM Power Autonomous Operating AI Agent

On July 15, according to the Yomiuri Shimbun, Masayoshi Son, Chairman and CEO of SoftBank Group, stated at the annual meeting 'SoftBank World' held in Tokyo on Tuesday that he expects there will be 100 trillion AI agents and 1 billion humanoid robots by 2040, with AI becoming 'the largest industry in human history.' He noted that by 2040, AI is projected to contribute approximately 20% to global GDP, and remarked, 'With 100 trillion AI agents interacting, society will shift to being agent-centered rather than human-centered, fundamentally altering the global landscape.' Regarding the impact of humanoid robots, Son stated that robots can operate 24 hours a day, equivalent to 3 billion human workers, and will perform tasks faster, more accurately, and more meticulously, becoming the core of the workforce. He also emphasized that expanding data centers is key to achieving this vision, with electricity consumption expected to double by 2040, requiring an annual investment of about $5 trillion (800 trillion yen). In terms of future business strategy, Son asserted that the AI revolution should not be limited to Japan and must concentrate resources on the United States as the core battleground.

[Masayoshi Son Predicts 100 Trillion AI Agents by 2040, AI to Become Largest Industry in Human History]On July 15, according to the Yomiuri Shimbun, Masayoshi Son, Chairman and CEO of SoftBank Group, stated at the annual meeting 'SoftBank World' held in Tokyo on Tuesday that he expects there will be 100 trillion AI agents and 1 billion humanoid robots by 2040, with AI becoming 'the largest industry in human history.' He noted that by 2040, AI is projected to contribute approximately 20% to global GDP, and remarked, 'With 100 trillion AI agents interacting, society will shift to being agent-centered rather than human-centered, fundamentally altering the global landscape.' Regarding the impact of humanoid robots, Son stated that robots can operate 24 hours a day, equivalent to 3 billion human workers, and will perform tasks faster, more accurately, and more meticulously, becoming the core of the workforce. He also emphasized that expanding data centers is key to achieving this vision, with electricity consumption expected to double by 2040, requiring an annual investment of about $5 trillion (800 trillion yen). In terms of future business strategy, Son asserted that the AI revolution should not be limited to Japan and must concentrate resources on the United States as the core battleground.

Masayoshi Son Predicts 100 Trillion AI Agents by 2040, AI to Become Largest Industry in Human History

On July 15, Baidu (BIDU.US) surged about 2% in pre-market trading. Media sources citing insiders revealed that Apple and Baidu will collaborate to develop AI features for iPhone users in China. Baidu is focusing on developing an AI-based search function as part of Apple's intelligent feature suite, capable of processing images and text, and upgrading to a China-specific version of the Siri voice assistant. On June 23, overseas blogger One Jailbreak discovered "Baidu Visual Search" in the ExtensionKit while dissecting iOS 27 Beta 2 code. Today, the Cyberspace Administration of China released filing information for seven mobile-side generative AI services, with Apple Intelligent included.

[Baidu Surges About 2% Pre-Market on Reports of AI Search Feature for Apple Devices]On July 15, Baidu (BIDU.US) surged about 2% in pre-market trading. Media sources citing insiders revealed that Apple and Baidu will collaborate to develop AI features for iPhone users in China. Baidu is focusing on developing an AI-based search function as part of Apple's intelligent feature suite, capable of processing images and text, and upgrading to a China-specific version of the Siri voice assistant. On June 23, overseas blogger One Jailbreak discovered "Baidu Visual Search" in the ExtensionKit while dissecting iOS 27 Beta 2 code. Today, the Cyberspace Administration of China released filing information for seven mobile-side generative AI services, with Apple Intelligent included.

Baidu Surges About 2% Pre-Market on Reports of AI Search Feature for Apple Devices

July 21 - The European Central Bank raised all three key interest rates by 50 basis points, with the market expecting a 25 basis point increase, the first increase in 11 years. The rate will take effect on July 27, 2022. Consistent with its firm commitment to price stability, the ECB took further key steps to ensure that inflation returns to its 2% target over the medium term.

Detail

【The European Central Bank raised all three key interest rates by 50 basis points】July 21 - The European Central Bank raised all three key interest rates by 50 basis points, with the market expecting a 25 basis point increase, the first increase in 11 years. The rate will take effect on July 27, 2022. Consistent with its firm commitment to price stability, the ECB took further key steps to ensure that inflation returns to its 2% target over the medium term.

The European Central Bank raised all three key interest rates by 50 basis points

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The European Central Bank raised all three key interest rates by 50 basis points

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