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``` On Friday, US stocks underwent intense sell-off, with the Nasdaq index dropping about 3.3% by midday, and Bitcoin simultaneously plunging to around $60,000—down 16% over the past 5 trading days, and an accumulated decline of about 42% over the past 12 months. The group that has spent

``` The Strait of Hormuz has been blocked for more than three months, cutting off more than 10 million barrels per day of Middle Eastern crude oil supply and causing the most severe oil supply shock in modern history. However, Brent crude has fallen from over $140—a record high during

June 8 - June 14 Major Financial Events of the Week, all times are Beijing Time: Next week (June 8 - 14), the global capital market will usher in the most intensive “super event week” of the year. Technological front: Three major events will erupt on the same day. The

``` Credit bond giants DoubleLine Capital and Oaktree Capital are preparing in advance for a possible AI bubble burst—by buying bonds that can survive through a deep credit cycle. “How likely is an AI bubble? I’d say about 100%,” said Robert Cohen, a fund manager at DoubleLine Capital, at

If you were to imagine a closed-door gathering of Silicon Valley’s top power players, you’d probably think of artificial intelligence, chip wars, robotics, defense technology, or the next-generation internet. After all, the people in the room are OpenAI founder Sam Altman, military unicorn Anduril founder Palmer Luckey, Figma

The private credit market is providing unprecedented financial ammunition for the race in AI infrastructure. On June 6, Bloomberg reported that Apollo Global Management and Blackstone had completed a $35 billion financing arrangement, with the funds to be used to purchase Google’s custom-designed tensor processing units (TPUs) for Anthropic,

U.S. stocks suffered one of the most brutal single-day sell-offs in recent years on Friday, as the two-month-long AI rally abruptly cooled. On Friday, the Nasdaq plunged over 1121 points in a single day, marking the largest one-day point drop in history. The market value of S&P