Wallstreetcn Morning Brief | March 12, 2026

U.S. inflation continues to cool, with February CPI rising 2.4% year-on-year and core CPI increasing 2.5%, marking the smallest gain in nearly five years. Trump stated that military action against Iran is "about to end," hinting at potential strikes on additional targets, while Iran warned that the U.S. could become embroiled in a prolonged war of attrition. The Iranian president proposed three essential conditions for ending the conflict, demanding compensation from the U.S. and Israel. The IEA approved the release of a record-breaking oil reserve, with a scale of 400 million barrels—more than double the 2022 level. Reports indicate that the Trump administration will announce the launch of a trade investigation, paving the way for new tariffs. The U.S. Department of Justice's investigation into Powell may see a turning point, as the chief prosecutor has been replaced. China's Ministry of Defense called for all parties to immediately cease military actions in the Middle East, emphasizing that AI military applications should remain human-led to prevent loss of control. Lao Pu Gold forecasts its highest revenue growth in 2025, with net profit expected to exceed 4.8 billions yuan. Nvidia is advancing in intelligent agents, open-sourcing the Nemotron 3 Super model with 120 billion parameters and a fivefold increase in throughput. Jensen Huang made a rare statement: AI is a key force reshaping the world, serving as fundamental infrastructure like electricity and the internet. "Big Hard" challenges Microsoft: Elon Musk announced a joint project between Tesla and xAI, using AI to simulate a software company. OpenAI's e-commerce ambitions face a harsh reality: purchase conversion rates are below 1%, merchants remain indifferent, and users rarely make purchases. Meta is expanding its self-developed chip product line, planning to launch four new products by the end of 2027 to strengthen computing power autonomy.