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- 01:02Hedge Fund Tycoon Steve Cohen: Probability of U.S. Economic Recession is About 45%Billionaire investor and founder of the hedge fund Point72 Asset Management (known as "Wall Street's most insane money-making machine"), Steve Cohen, stated at the Sohn Investment Conference in New York on Wednesday: "We are not yet in a recession, but economic growth has significantly slowed." The 68-year-old Cohen said he does not believe the Federal Reserve will cut interest rates immediately because "they will be concerned about inflation brought on by tariffs." He expects U.S. economic growth to slow to 1.5% or lower next year, "a level that is acceptable but not impressive." He mentioned that the stock market's plunge and rebound in April appeared unusual in terms of reversal speed and emphasized that he is closely monitoring the market's reaction after the next round of U.S. economic data is released. Even if the market does decline, he expects the drop to be between 10% and 15%, "which is not catastrophic." He also added that the U.S. stock market might maintain a sideways fluctuation for some time.
- 01:02OpenAI Opens GPT-4.1 Model to ChatGPT UsersThe OpenAI Research Center in the United States announced that, in response to widespread user demand, GPT-4.1 will be available directly in ChatGPT starting today. GPT-4.1 is a specialized model focused on coding tasks and instruction adherence. Plus, Pro, and Team users will be able to access GPT-4.1 through the "More Models" dropdown menu in the model selector. Enterprise and Education users will gain access in the coming weeks. OpenAI will also launch GPT-4.1 mini to replace the existing GPT-4o mini, which will be available to all users in ChatGPT.
- 00:44Cryptocurrency Fintech Company Antalpha Surges 70% on First Day of U.S. Stock Market Listing, Triggering Circuit BreakerAccording to GlobeNewswire, Antalpha Platform Holding Company announced today that its initial public offering (IPO) is priced at $12.80 per share of common stock, with a total of 3,850,000 shares of common stock being issued. The company's common stock has been approved for listing on the Nasdaq Global Market and is expected to begin trading on May 14, 2025, under the ticker symbol "ANTA." The offering is expected to close on May 15, 2025, subject to customary closing conditions. Antalpha is known as a crypto fintech company focused on providing liquidity and risk management solutions for institutional Bitcoin miners. As a major lending partner of Bitmain, Antalpha offers supply chain loans and margin loan services through its Antalpha Prime technology platform, enabling clients to initiate and manage digital asset loans while monitoring collateral positions with near real-time data. According to market data, as of the time of publication, Antalpha (ANTA) stock price has risen to $22.2, with an intraday increase of 73.59%, triggering a circuit breaker.