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On the eve of the release of the important Consumer Price Index (CPI) and the Federal Reserve's decisions, the performance of the US stock market changed. Apple's stock price surged more than 7%, the biggest one-day increase in a year and a half, and reached a record high for the first time this year. The market capitalization once again broke through the 3 trillion US dollar mark, once again surpassing Nvidia to become the second-highest company by market capitalization. Furthermore, Nvidia fell 2.5% during the intraday period, but then reduced its decline, while Microsoft and other chip stocks also hit new highs.
Apple introduced new artificial intelligence features at its 2024 World Developers Conference (WWDC), but it intended to avoid using the term “artificial intelligence” and instead called it “Apple intelligence,” which reflects Apple's accurate grasp of its unique user group and adopted a more low-key market strategy.
At the same time, despite Oracle's poor financial performance, it successfully reached cooperation with OpenAI and Google to expand the Azure AI platform to Oracle's cloud infrastructure. After the news was released, Oracle's stock price rose 10% during after-hours trading.
On the international political front, Hamas has accepted the UN Security Council resolution on the cease-fire in Gaza. US Secretary of State Brinken said that the Israeli Prime Minister has also reaffirmed his support for the cease-fire proposal, which is seen as a positive sign.
In Europe, the French financial market experienced severe turmoil. Major bank stocks fell sharply, treasury bond yields rose, and the exchange rate of the euro against the US dollar hit a new monthly low, reflecting market concerns about the French economy.
In the commodity market...
Apple introduced new artificial intelligence features at its 2024 World Developers Conference (WWDC), but it intended to avoid using the term “artificial intelligence” and instead called it “Apple intelligence,” which reflects Apple's accurate grasp of its unique user group and adopted a more low-key market strategy.
At the same time, despite Oracle's poor financial performance, it successfully reached cooperation with OpenAI and Google to expand the Azure AI platform to Oracle's cloud infrastructure. After the news was released, Oracle's stock price rose 10% during after-hours trading.
On the international political front, Hamas has accepted the UN Security Council resolution on the cease-fire in Gaza. US Secretary of State Brinken said that the Israeli Prime Minister has also reaffirmed his support for the cease-fire proposal, which is seen as a positive sign.
In Europe, the French financial market experienced severe turmoil. Major bank stocks fell sharply, treasury bond yields rose, and the exchange rate of the euro against the US dollar hit a new monthly low, reflecting market concerns about the French economy.
In the commodity market...
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Profit from option billing
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so, what is the game now? The big boys are all saying cut back we are not playing anymore. Total BS, they are waiting a pullback to clear their shorts before the blastoff.
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From YouTube
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June P/L Sharing - Day 4
Always have finance related stock added to my portfolio for diversification purpose
Always have finance related stock added to my portfolio for diversification purpose
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$MicroStrategy(MSTR.US$ $bitcoin
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Been taking some time to review and digest the restructured Malaysian retirement accounts, here’s everything you need to know about it⬇️
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