Markets & Headlines - 2/14/25
Markets
PBOC cuts reserve requirement ratio by 50bps resulting in a widespread rally for Hong Kong listed stocks. $HSI rallied 3.7% and Hang Seng Tech Index climbed 5.8%. US10Y and US2Y yields dropped by 5bps, bringing it back to levels 2 weeks prior after a series of ups and downs. Equities around the world displayed little activity. $META rose for the 20th consecutive trading session.
Headlines
• Stock market today: Nasdaq logs best week of 2025 as Dow, S&P 500 notch third-straight weekly gain
• Meta Platforms stock just closed higher for the 20th straight day
$META is up 26% YTD. Anticipates AI features in their product lineup, executed layoffs for cost efficiency.
• Judge temporarily blocks mass firing and data deletion at CFPB
Halts movement to dismantle the Consumer Financial Protection Bureau.
• Nvidia shakes up stock portfolio, cratering Serve Robotics and sending WeRide soaring
Shares of WeRide $WRD , a Chinese company in the self-driving space listed on the Nasdaq rose 84% after $NVDA disclosed new stake in the company.
• Airbnb stock surges as CEO aims to make app the ‘Amazon’ of travel and living
$ABNB soars 14% as CEO mentions a pivot to a center for traveling and living
• Dell Nears $5 Billion AI Server Deal for Elon Musk’s xAI
The server provided to xAI will contain $NVDA GB200
• Middle-income households are saving more for retirement
People earning $50-100k save 8% on average. 12% including employer match.
• Trump Media Losses Surge as It Hands Staff $107 Million in Stock
The company has 29 full-time employees
• Milei Pushes Crypto Token, Then Deletes Post Amid Fears of Scam
The post advertised a crypto coin
• Spotify weighs $5.99 premium for added features, ticket access, Bloomberg News reports
The pro-tier would have better audio quality and ticket access.
• JD Vance criticizes European democracy, says greatest threat is ‘from within’
• China will ‘play along to the end’ with U.S., its top diplomat says
Wang Yi displayed a softened stance at the Munich Security Conference.
• China calls for all stakeholders in Ukraine war to be in peace process
• Saudi Arabia ready to host proposed Trump-Putin summit
• US judges bar Musk’s DOGE from Treasury, allow access to health, labor
• Zelenskiy says Ukraine has ’low chance’ of survival without US backing