--- title: "Daily US Stock Market News Briefing (March 12, Wednesday)" type: "News" locale: "en" url: "https://longbridge.com/en/news/231545442.md" description: "The U.S. February CPI data was lower than expected, with an annual rate of 2.8%, the lowest since November last year; the core CPI annual rate was 3.1%, the lowest since April 2021. Short-term interest rate futures narrowed their losses after the CPI report, with expectations that the Federal Reserve will cut interest rates in June. Taiwan Semiconductor is reported to plan to take over Intel's wafer foundry. Vnet's net revenue for 2024 is expected to be 8.26 billion yuan, a year-on-year increase of 11.4%. EHang's total revenue for 2024 is expected to be 456 million yuan, with a narrowed net loss. Baidu completed the issuance of $2 billion in exchangeable bonds" datetime: "2025-03-12T13:14:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/231545442.md) - [en](https://longbridge.com/en/news/231545442.md) - [zh-HK](https://longbridge.com/zh-HK/news/231545442.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/231545442.md) | [繁體中文](https://longbridge.com/zh-HK/news/231545442.md) # Daily US Stock Market News Briefing (March 12, Wednesday) Important News 1. The U.S. February CPI data was significantly below expectations, with the unadjusted CPI year-on-year rate recorded at 2.8%, the lowest since November last year; the seasonally adjusted CPI month-on-month rate for February was recorded at 0.2%, the lowest since October last year. 2. The U.S. February unadjusted core CPI year-on-year rate was recorded at 3.1%, the lowest since April 2021; the seasonally adjusted core CPI month-on-month rate for February was recorded at 0.2%, the lowest since December last year. 3. U.S. short-term interest rate futures narrowed earlier losses after the CPI report, with traders still expecting the Federal Reserve to resume rate cuts in June while increasing bets on at least two rate cuts this year. 4. OPEC Monthly Report: The global crude oil demand growth forecast for 2025 is expected to be 1.45 million barrels per day, unchanged from previous expectations; the global crude oil demand growth forecast for 2026 is expected to be 1.43 million barrels per day, unchanged from previous expectations. Individual Stock News 1. Taiwan Semiconductor (TSM.N) is reported to be planning to team up with NVIDIA and others to take over Intel's wafer foundry, with the company responding with no comment; Intel (INTC.O) did not respond. 2. Vnet (VNET.O): The net revenue for the full year 2024 is expected to be 8.26 billion RMB, a year-on-year increase of 11.4%; the net profit for 2024 is expected to increase by 2.845 billion RMB to 248.4 million RMB (34.03 million USD), compared to a net loss of 2.6 billion RMB in the same period of 2023. 3. EHang (EH.O): The total revenue for the company in 2024 is expected to be 456 million RMB, an increase of 288.5% compared to 2023; the net loss is expected to be 230 million RMB, narrowing from a net loss of 302.3 million RMB in 2023. A total of 216 units of the EH216 series unmanned aerial vehicles were delivered in 2024, an increase of 315.4% compared to 52 units in 2023, setting a new record. 4. Baidu (BIDU.O): The company completed its exchangeable bonds with a total principal amount of 2 billion USD maturing in 2032 and completed the issuance of 10 billion RMB-denominated senior notes ### Related Stocks - [Intel Corporation (INTC.US)](https://longbridge.com/en/quote/INTC.US.md) - [Taiwan Semiconductor Manufacturing Company Limited (TSM.US)](https://longbridge.com/en/quote/TSM.US.md) - [EHang Holdings Limited (EH.US)](https://longbridge.com/en/quote/EH.US.md) - [VNET Group, Inc. (VNET.US)](https://longbridge.com/en/quote/VNET.US.md) - [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md) - [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md) - [YieldMax NVDA Option Income Strategy ETF (NVDY.US)](https://longbridge.com/en/quote/NVDY.US.md) - [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research - [TSMC Gets Nod to Deploy 3nm Process at Japan Fab](https://longbridge.com/en/news/281343240.md) - [TSMC's unit TSMC Global acquires fixed-income securities for $19.8 mln](https://longbridge.com/en/news/281340806.md) - [TSMC Unit Buys Corporate Bonds Worth $112 Million](https://longbridge.com/en/news/280097365.md) - [Bavaria March CPI +2.8% vs +1.9% y/y prior](https://longbridge.com/en/news/280976474.md) - [PFG Private Wealth Management LLC Takes $643,000 Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM](https://longbridge.com/en/news/281356678.md)