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NVIDIA CEO Jensen Huang declined Senator Elizabeth Warren's invitation to testify before Congress this week. This decision comes amid heightened scrutiny of the chip industry and may affect discussions on AI and semiconductor regulations.
Read MoreThe U.S. Dollar Index recorded a minor decline in the previous trading session, settling near the 100.042 level. Its position just above the psychological 100 mark has sparked market discussions about future currency trends amid evolving economic signals.
Read MoreUS markets showed a split performance on Tuesday with the Dow edging lower while the S&P 500 and Nasdaq posted gains. Investor attention focused on semiconductor and cryptocurrency-related stocks, with several companies registering strong advances.
Read MoreReports reveal President Trump intervened to urge Israeli PM Netanyahu to avoid escalating conflict with Iran into full-scale war, pressuring Israel to limit retaliation. Trump indicated regional mediation efforts and expressed belief in a potential diplomatic agreement.
Read MoreA leading financial institution warns that a "triple threat" from AI investment, tight energy markets, and a strong labor force is elevating US growth and inflation risks. Market analysis suggests the Fed may need to hike interest rates sooner than anticipated to curb price pressures.
Read MoreMorgan Stanley analysts suggest the dollar's rally may be overextended. Its future trajectory hinges entirely on the Federal Reserve's interest rate decisions, signaling a potential turning point for global markets.
Read MoreSpaceX's IPO has seen massive oversubscription ahead of its pricing, with a targeted $75 billion raise valuing the company at $1.8 trillion. Institutional books close soon, but retail investors retain limited access, marking a potential record-breaking market debut.
Read MoreThe Ontario Teachers' Pension Plan could see a massive return on its early SpaceX investment, potentially valuing its stake at $11.6B upon IPO. This follows a total loss on FTX, highlighting the fund's high-risk, high-reward venture strategy.
Read MoreUS-listed emerging market ETFs saw outflows for the third week in a row, though the pace moderated. Last week's net outflows totaled around $460 million, compared to $1.45 billion the prior week. Among key markets, Brazil led outflows, while South Korea attracted net inflows. Year-to-date, these ETFs remain in net inflow territory overall.
Read MoreAave's founder Stani Kulechov framed a recent $8.45B withdrawal surge, triggered by a third-party bridge exploit, as a testament to the protocol's resilience despite ~$124M in bad debt. The incident has accelerated plans for the V4 upgrade, which will introduce a modular 'Hub-and-Spoke' architecture to isolate risks and prevent systemic contagion.
Read MorePrime Minister Netanyahu announced Israel will pause military actions against Iran, contingent on Iran halting its attacks. He warned of a forceful response if hostilities resume, signaling a potential, fragile pause in regional tensions.
Read MoreA June NY Fed survey reveals consumer inflation expectations remained stable in May, with short-term views slightly down and medium-term outlooks anchored near 3%. Labor market perceptions showed minor shifts, though job-finding optimism dipped. This stability offers the Fed encouraging data amid inflation concerns.
Read MoreGoldman Sachs and JPMorgan Chase are reportedly developing futures products tied to GPU rental prices. This move signals Wall Street's growing interest in the high-performance computing infrastructure market, aiming to create new risk management tools for tech firms.
Read MoreU.S. stocks related to cryptocurrency and blockchain technology saw broad gains recently. BMNR surged nearly 8%, while Strategy and Coinbase rose over 5%. Circle gained almost 4%, and Robinhood followed with a nearly 3% increase, signaling renewed market interest in the digital asset sector.
Read MoreBitcoin has surged past the crucial $64,000 mark, trading around $64,041 with over a 3.4% gain in 24 hours. Heightened market volatility underscores the influence of macroeconomic factors and institutional inflows. Caution and risk management are advised.
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