The employment impact of AI is becoming increasingly significant! HSBC is considering large-scale layoffsPOP MART bets on LABUBU movie: How far is it from a global hit to a long-cycle IP?Inaction leads to policy mistakes? "Minority economists" criticize the Federal Reserve for misjudging the situation againMorgan Stanley lowers Tencent's target price to HKD 650, stating that AI investments are expected to weigh on profit margins in the short termUnderstanding the Market | Xiaomi Corporation-W rose over 4% in early trading as the large model MiMo-V2-Pro was officially released, with future models expected to rapidly iterate and enhanceMorgan Stanley: Tesla's "flywheel effect" is about to start, and autonomous taxis will be the next core growth driverUnderstanding the Market | Gold Stocks Lead the Decline, Federal Reserve Remains Hawkish and Holds Steady, Inflation Pressure May Squeeze Rate Cut SpaceJensen Huang confirmed the return of orders from China, and Wells Fargo estimates that NVIDIA's annual revenue is expected to gain an incremental $25 billionLei Jun officially announces the "mysterious model" that has sparked global developer discussions, Xiaomi's "AI roadmap" is gradually becoming clearUnderstanding the Market | Tencent opened down over 4%, with fourth-quarter results significantly exceeding expectations; future buyback investments may be reduced for AI developmentThe Hang Seng Index opened down 1.82%, the Hang Seng TECH Index fell 2.10%, and Tencent dropped over 4%The financial report "made a fortune," but why did Micron Tech plummet?Tencent enters the "AI cash-burning phase," and the market's first reaction is "unhappy." The key to victory lies in the "AI progress in the next few quarters."Powell's "expectation management" tone shifts to caution: The Federal Reserve temporarily pauses interest rate cuts, awaiting the impact of the warCITIC Securities: It is expected that the Federal Reserve will cut interest rates once by 25bps in the second half of the yearOnce expected to serve as the director of the U.S. Bureau of Labor Statistics! Trump's ally "speaks the truth": The U.S. economy cannot withstand a $100 oil priceFederal Reserve's inflation warning crushes precious metals: Gold is at risk of falling below $4,800, silver declines for six consecutive daysGuolian Minsheng Securities: The Federal Reserve still has room to cut interest rates this year, and the impact of oil prices does not change the overall trend of rate cutsThe taste of 2008! Bank of America recommends shorting "European private credit-related assets," including Deutsche BankFederal Reserve Meeting Highlights: Five Key Points Shaping Future Market TrendsBreakfast | US February PPI far exceeds expectations, Powell sends hawkish signals, stocks, bonds, and gold all declineZhitong Hong Kong Stocks Early Knowledge | The Federal Reserve Keeps Interest Rates Unchanged, Brent Crude Oil Surpasses $108AI drives a storage boom, Micron's revenue nearly doubled last quarter, and this quarter's guidance greatly exceeded expectations, with fiscal year spending expected to surge | Earnings Report InsightsThe Federal Reserve continues to hold steady as expected, noting the uncertainty of Middle Eastern impacts, raising inflation expectations, and still anticipating one rate cut this yearGlobal stock markets rise for three consecutive days, South Korean stocks break through 5900 points, oil prices decline, and the market awaits the Federal Reserve's decisionBridgewater's head of artificial intelligence will join Google's DeepMindOil prices soar, reshaping the interest rate cut path! The Federal Reserve holds steady for the second consecutive time and raises inflation expectations across the boardThe US bond market sounds the alarm! PPI exceeds expectations combined with rising oil prices, inflation concerns rapidly intensifyTop 20 U.S. Stock Trading Volumes on March 19: Microsoft May Sue Amazon and OpenAIPowell: There will be no interest rate cuts before inflation improves, will not leave the Federal Reserve during the survey period, and will serve as acting chair if necessary (full text attached)Powell is hawkish, traders expect only a 50% chance of interest rate cuts this year, U.S. stocks, bonds, and gold have seen increased declines, and the dollar has strengthenedHSBC: The stock market is pricing in a "recession" rather than "stagflation," and there are oversold opportunities in emerging marketsAluminum prices hit a four-year high! Middle East conflict disrupts supply, analysts target the $4,000 markTencent conference call: Pony Ma discusses the concept of "shrimp farming" for the first time, this year's AI investment will at least double, and intelligent agents will foster a new decentralized ecosystemThe Bank of Canada remains steady, clearly "seeing through" the short-term oil price shock and focusing on the risks of economic downturnPPI unexpectedly rises, impacting the market; the Federal Reserve may abandon interest rate cut expectations this yearHTHT (Trans): Continuing to pursue brand-led, high-quality growth---HTHT: After the reset and rebound, how long can the poster-child status last?---Affected by oil prices and PPI, bond traders have lost confidence in the Federal Reserve's interest rate cut outlook for 2026Tencent (Trans): Sees clear opportunity to ramp up AI investment, expects impact on margin and buybacks