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Wash begins to act: delivers an internal speech on "adhering to fine traditions but seeking reform," appoints an adviser who once suggested "a complete restructuring of the Federal Reserve."

Wash begins to act: delivers an internal speech on "adhering to fine traditions but seeking reform," appoints an adviser who once suggested "a complete restructuring of the Federal Reserve."

Kevin Walsh, the new chairman of the Federal Reserve, has officially launched his reform agenda. In his first internal memo sent to more than 20,000 staff, he promised to adhere to the "finest traditions" of the Fed, while clearly stating his intention to pursue change. Meanwhile, he

One wants to negotiate, the other wants to fight! Trump lashes out at Netanyahu, making US-Israel differences public.

One wants to negotiate, the other wants to fight! Trump lashes out at Netanyahu, making US-Israel differences public.

The leaders of the US and Israel once jointly launched a war against Iran, but now they are openly falling out over how to bring it to a close. According to a June 1 report from Axios cited by Xinhua, Trump used profanity during a call with Netanyahu regarding Israel&

Report: EU's 20 Billion Euro AI Data Center Plan Thwarted by Delays and Funding Issues

Report: EU's 20 Billion Euro AI Data Center Plan Thwarted by Delays and Funding Issues

Delayed frequently and funding shortages are eroding confidence among stakeholders. The EU’s ambitious plan to invest €20 billion in building five super-scale AI data centers is facing severe challenges, falling behind once again in the AI infrastructure race. According to reports, the project’s bidding process has been repeatedly

SpaceX employees team up to drive down prices and seek tax-saving tools in preparation for IPO listing.

SpaceX employees team up to drive down prices and seek tax-saving tools in preparation for IPO listing.

More than a thousand current and former SpaceX employees have joined forces to collectively pressure wealth management institutions for lower fees and more sophisticated tax optimization tools, preparing for the wealth creation frenzy triggered by SpaceX’s IPO. According to Bloomberg, this group is negotiating with over 20 wealth management

Over $1 billion in cryptocurrencies liquidated as Bitcoin plunges 6%, breaking below the $67,000 mark.

Over $1 billion in cryptocurrencies liquidated as Bitcoin plunges 6%, breaking below the $67,000 mark.

``` Bitcoin sentiment has deteriorated sharply, triggering over $1 billion in forced liquidations across cryptocurrencies and putting the market under its most severe pressure in recent months. Bitcoin fell 6% at one point on Tuesday, dropping below $67,000 for the first time since April 5. The ongoing geopolitical risks from

Castle Securities warns: AI may initially drive up inflation before bringing productivity gains.

Castle Securities warns: AI may initially drive up inflation before bringing productivity gains.

``` The impact of AI on the macroeconomy may not necessarily follow the familiar "productivity boost—inflation decline" path anticipated by the market. Citadel Securities points out that before efficiency dividends are realized, the AI transformation may first raise costs through investments, training, and organizational restructuring, making inflation, growth,

SpaceX “pressures” Wall Street: IPO underwriting fees may be lower than 0.75%, but investment banks are still expected to rake in $500 million

SpaceX “pressures” Wall Street: IPO underwriting fees may be lower than 0.75%, but investment banks are still expected to rake in $500 million

``` SpaceX, owned by Elon Musk, is negotiating with Wall Street banks over the underwriting fee rate for its initial public offering (IPO), aiming to push fees far below industry norms. Even so, the participating banks are expected to collectively earn about $500 million in income, making this one of the