University of Michigan surveys consumers' long-term inflation expectations rose the most since May 2021

Stablecoin issuer Circle (CRCL. K) is applying to establish a national trust bank in the United States. The application is a key follow-up to its initial public offering valuation of nearly $18 billion earlier this month. If the Office of the Comptroller of the Currency (OCC) approves the charter license, Circle will be able to act as custodian of its own reserves and hold crypto assets on behalf of institutional clients. But unlike traditional banks, the license does not allow Circle to take ca...

According to Fox Business News: U.S. Senator Jeff Merkley, a Democrat from Oregon, has proposed an amendment to the "Big and American Act" (OBBB) that would prohibit elected officials from promoting or profiting from cryptocurrency tokens in which they have a financial interest. U.S. Senator Lummis, a Republican from Wyoming, opposed the amendment, saying it would seriously harm U.S. innovation and competitiveness and undermine the government's ability to effectively understand and regulate digi...

The three major indices of US stocks collectively closed higher. The Dow rose 0.63%, the Nasdaq rose 0.47%, and the S & P 500 rose 0.52%. The latter two hit record closing highs. US stocks ended the first half of the year, the Nasdaq rose 5.48% in the first half of the year, the Dow rose 3.64%, and the S & P 500 rose 5.5%. Technology stocks collectively rose today. Microsoft, Meta, and Netflix all closed slightly higher and hit intraday record highs. Apple closed up 2%. Robinhood closed up 13%, ...

Apple (AAPL. O) is considering using external artificial intelligence to fix Siri, in a major reversal. Apple is considering adopting Anthropic or OpenAI technology to power Siri. According to people familiar with the matter, Apple has held discussions with the two companies about Siri using their big language models. Apple has asked the two companies to train versions of their models to run tests on Apple's cloud infrastructure. At present, most of Apple's AI functions are implemented through s...

Meta Platforms (META. O) CEO Mark Zuckerberg announced a major reorganization of the company's artificial intelligence division, including a commitment to developing "superintelligence," systems that can perform tasks as well or better than humans. According to an internal memo, Zuckerberg wrote to employees on Monday that Meta's artificial intelligence work would belong to a new division called Meta Superintelligence Labs (MSL), led by Alexandr Wang, former CEO of data labeling startup Scale AI...

According to the AXIOS website, Israeli Prime Minister Benjamin Netanyahu will meet with US President Donald Trump at the White House on July 7.

On July 1st, Zuckerberg, CEO of Meta Platforms (META. O), announced a major reorganization of the company's artificial intelligence department, including a commitment to developing "super intelligence", that is, systems that can perform tasks as well as or better than humans. According to an internal memo, Zuckerberg sent a letter to employees on Monday saying that Meta's artificial intelligence work will belong to a new division called "Meta Superintelligence Labs" (MSL), led by Alexandr Wang, ...

Spot gold stood at $3,300/ounce, up 0.78% on the day.

On July 1st, Musk: Obviously, the spending frenzy of this bill (the Trump tax bill) has increased the debt ceiling by a record $5 trillion. It's time to build a new party that really cares about the people. Recently, it launched a vote on whether to establish a new party in the United States. The vote was approved by more than 80% of netizens.

Spot gold stood at $3,300/ounce, up 0.78% on the day.

On July 1st, Apple (AAPL. O) is considering using external artificial intelligence to fix Siri, in a major reversal. Apple is considering using Anthropic or OpenAI technology to support Siri. According to people familiar with the matter, Apple has held discussions with the two companies about Siri using their big language models. Apple has asked the two companies to train their model versions to run tests on Apple's cloud infrastructure. At present, most of Apple's AI functions are implemented t...

The euro rose to a high of 1.1780 against the dollar, setting a new high since September 2021.