• 2025-03
    26

    On March 26th, local time, US President Trump announced on March 25th that he will investigate the use of Signal and has requested the National Security Advisor to study Signal security issues. The Signal chat investigation will not be conducted by the FBI. In addition, Trump stated that he believes National Security Advisor Waltz has made his best effort and does not need to apologize. Waltz stated that they are investigating how Goldberg entered the Signal chat group.

  • On March 26th, US President Trump stated on March 25th local time that there was no confidential information in a group chat on the communication platform “Signal” regarding the US military’s combat plan in Yemen. Trump praised the staff involved in the group chat and criticized the journalists who reported on the leak, stating that “nothing happened” after the group chat information leak.

  • On March 26th, local government bond issuance has significantly accelerated since the beginning of this year. Data shows that as of March 25th, the total amount of local bonds issued by various regions during the year reached 2539.953 billion yuan, a year-on-year increase of 89.07%. Among them, the proportion of newly added special bonds and refinancing special bonds used to replace existing implicit debts are 31.56% and 50.73% respectively, while the rest are general bonds and refinancing special bonds used to borrow new and repay old debts.

  • On March 26th, the Kremlin website released a list of energy facilities between Russia and Ukraine that have been agreed upon by Russia and the United States to prohibit attacks. The list includes: oil refining enterprises, oil and gas pipelines and storage facilities including pumping stations, power generation and transmission infrastructure such as power stations, substations, transformers, and distributors, nuclear facilities, and hydroelectric dams. From March 18, 2025, attacks on the aforementioned categories of Russian Ukrainian energy facilities are prohibited for a period of 30 days. The relevant agreement can be extended, and the other party may withdraw from the agreement in case of breach by either party.

  • On March 26th, the Chief Strategist of UBS Investment Bank stated that the “clearly exhausted” American consumers are likely to further pressure stock prices, potentially causing the S&P 500 index to fall another 8%. Bhanu Baweja stated that indicators such as employment expectations, expenditure prospects, and consumer confidence are flashing warning signals. As analysts lower their profit expectations for the next three to four months, they expect the S&P 500 index to fall as low as 5300 points.

  • On March 26th, a group of Columbia University professors filed a lawsuit against the Trump administration on March 25th, accusing it of forcing Columbia University to tighten campus protest rules and place the Department of Middle Eastern Studies under external supervision, including canceling $400 million in federal funding and threatening to withhold billions of dollars in future funding.

  • On March 26th, Jill Carey Hall, a quantitative strategist at Bank of America, wrote in a research report that according to data dating back to as early as 2008, the bank’s clients sold a record high amount of US technology stocks last week. We expect technology stocks to continue losing their leading position, “the strategist wrote. As technology stocks faced selling, the US stock market recorded its largest net selling volume since August last year, with a net selling volume of $5.8 billion during the same period.

  • On March 26th, the Kremlin announced on March 25th that Russian President Putin stated during a video conference with the Russian Council for Culture and Arts that the restoration of cultural sites in Kursk Oblast will receive all necessary financial support. All Ukrainian armed personnel who commit crimes in the region will be subject to legal sanctions, and some of the suspects have been detained by the Russian side and entered into judicial proceedings. This action will continue.

  • 2025-03
    25

    On March 25th, according to a research report by CITIC Securities, the subsequent smart glasses market cannot be driven by new product releases alone. One suggestion is to focus on the implementation of AI models in the glasses market, which will bring a brand new experience and stimulate consumers’ desire to purchase; The second is to focus on technological breakthroughs that bring users a brand new wearing experience, such as the maturity of full-color micro led, two-dimensional array optical waveguide and other technologies, the lightweighting of various components, and the improvement of battery life. Technological breakthroughs can not only enhance users’ wearing experience, but also bring more interactive scenarios and application landing.

  • On March 25th, Morgan Stanley analysts including Devin McDermott stated in a report that Europe has imported 35% of the world’s liquefied natural gas so far this year, higher than the average of 25% in 2024. The report states that demand in Asia has decreased by 4% compared to the same period last year, due to price increases weakening competitiveness.