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On April 3, according to market sources, former Obama presidential campaign manager Stephanie Cutter has joined Kalshi as a policy advisor.

[Former Obama Campaign Manager Stephanie Cutter Joins Kalshi]On April 3, according to market sources, former Obama presidential campaign manager Stephanie Cutter has joined Kalshi as a policy advisor.

Former Obama Campaign Manager Stephanie Cutter Joins Kalshi

On April 3rd, according to the New York Post, Meta is laying off hundreds of employees in Silicon Valley while the tech giant continues to heavily invest in artificial intelligence and considers cutting over 20% of its total workforce. According to the latest state government filings, the Facebook parent company will lay off nearly 200 employees in the San Francisco Bay Area. The layoffs will affect 124 employees in Burlingame, California, and 74 employees in nearby Sunnyvale. These layoffs are set to take effect in late May, and all affected positions will be permanently eliminated, according to the documents. Experts say this move indicates a significant strategic shift at Meta, moving from a labor-intensive operational model to a machine-driven system. Meta's recent AI-related initiatives include plans to invest $10 billion in building a data center in El Paso, Texas. Meta is also considering more substantial layoffs. Senior employees have been informed to prepare for potential layoffs that could affect over 20% of the company's employees, approximately 15,000 individuals. Regarding this plan, a Meta spokesperson stated, "This is a speculative report about a theoretical scenario." If the layoffs proceed, this would be Meta's largest round of job cuts since the more than 20,000 employees were laid off during Zuckerberg's "year of efficiency" in 2022 and 2023. In a Meta earnings call, Zuckerberg stated that due to the application of AI tools, Meta is beginning to "see projects that previously required large teams being accomplished by one very talented person."

[Meta Cuts Hundreds of Employees Amidst Increased AI Investment]On April 3rd, according to the New York Post, Meta is laying off hundreds of employees in Silicon Valley while the tech giant continues to heavily invest in artificial intelligence and considers cutting over 20% of its total workforce. According to the latest state government filings, the Facebook parent company will lay off nearly 200 employees in the San Francisco Bay Area. The layoffs will affect 124 employees in Burlingame, California, and 74 employees in nearby Sunnyvale. These layoffs are set to take effect in late May, and all affected positions will be permanently eliminated, according to the documents. Experts say this move indicates a significant strategic shift at Meta, moving from a labor-intensive operational model to a machine-driven system. Meta's recent AI-related initiatives include plans to invest $10 billion in building a data center in El Paso, Texas. Meta is also considering more substantial layoffs. Senior employees have been informed to prepare for potential layoffs that could affect over 20% of the company's employees, approximately 15,000 individuals. Regarding this plan, a Meta spokesperson stated, "This is a speculative report about a theoretical scenario." If the layoffs proceed, this would be Meta's largest round of job cuts since the more than 20,000 employees were laid off during Zuckerberg's "year of efficiency" in 2022 and 2023. In a Meta earnings call, Zuckerberg stated that due to the application of AI tools, Meta is beginning to "see projects that previously required large teams being accomplished by one very talented person."

Meta Cuts Hundreds of Employees Amidst Increased AI Investment

The Trump budget proposal forecasts that the United States' real Gross Domestic Product (GDP) will grow by 3.1% in Fiscal Year 2027. Additionally, the consumer price index (CPI) is projected to rise by 2.3% in the same fiscal year.

[Trump Budget Projects 3.1% Real GDP Growth in FY2027]The Trump budget proposal forecasts that the United States' real Gross Domestic Product (GDP) will grow by 3.1% in Fiscal Year 2027. Additionally, the consumer price index (CPI) is projected to rise by 2.3% in the same fiscal year.

Trump Budget Projects 3.1% Real GDP Growth in FY2027

On April 3rd, the Trump budget projects real GDP growth of 3.1% in fiscal year 2027. (JIN10)

[Trump Budget Projects 3.1% Real GDP Growth in FY2027]On April 3rd, the Trump budget projects real GDP growth of 3.1% in fiscal year 2027. (JIN10)

On April 3, Iranian media reported that the announcement from Chaharmahal and Bakhtiari Province regarding the U.S. pilot stated that village leaders and all groups in Lordegan, Faradon, Khanmirza, Ardal, Borujen, and Farskuh counties have been asked to make every effort to search for the U.S. pilot in their respective areas, while also seeking and reporting any information about U.S. and Israeli agents. The provincial governor promised special support and generous rewards to any team that successfully discovers and captures these individuals.

[Iran Mobilizes Forces to Search for U.S. Pilot]On April 3, Iranian media reported that the announcement from Chaharmahal and Bakhtiari Province regarding the U.S. pilot stated that village leaders and all groups in Lordegan, Faradon, Khanmirza, Ardal, Borujen, and Farskuh counties have been asked to make every effort to search for the U.S. pilot in their respective areas, while also seeking and reporting any information about U.S. and Israeli agents. The provincial governor promised special support and generous rewards to any team that successfully discovers and captures these individuals.

Iran Mobilizes Forces to Search for U.S. Pilot

On April 3rd, according to Lookonchain's monitoring, Circle minted 750 million USDC daily over the past four days, totaling an additional 3 billion USDC.

[Circle Mints 3 Billion USDC in Four Days]On April 3rd, according to Lookonchain's monitoring, Circle minted 750 million USDC daily over the past four days, totaling an additional 3 billion USDC.

Circle Mints 3 Billion USDC in Four Days

On April 3, the war in Iran has intensified the risk of global economic stagflation. KPMG's Chief Economist Diane Swonk stated that once stagflation takes hold, a 'deep recession' may be the only way out. Stagflation is a concerning economic scenario characterized by persistently high inflation and sluggish economic growth. Swonk remarked, 'The blockade of the Strait of Hormuz and the resulting surge in oil prices have impacts that extend far beyond a simple oil shock.' She believes that the current situation poses a greater shock than any historical oil crisis. This directly drives up costs across various sectors, leading to rising prices, while significantly reducing companies' willingness to hire, impacting the job market. Multiple intertwined factors are causing the risk of stagflation to escalate. Swonk's views align with those of market investors. She explained, 'The likelihood of the Federal Reserve raising interest rates in the second half of the year is increasing, and I expect the Fed will be forced to take this action, with other central banks following suit.' (Jin Shi)

[KPMG: Federal Reserve Likely to Be Forced to Raise Interest Rates in the Second Half of the Year]On April 3, the war in Iran has intensified the risk of global economic stagflation. KPMG's Chief Economist Diane Swonk stated that once stagflation takes hold, a 'deep recession' may be the only way out. Stagflation is a concerning economic scenario characterized by persistently high inflation and sluggish economic growth. Swonk remarked, 'The blockade of the Strait of Hormuz and the resulting surge in oil prices have impacts that extend far beyond a simple oil shock.' She believes that the current situation poses a greater shock than any historical oil crisis. This directly drives up costs across various sectors, leading to rising prices, while significantly reducing companies' willingness to hire, impacting the job market. Multiple intertwined factors are causing the risk of stagflation to escalate. Swonk's views align with those of market investors. She explained, 'The likelihood of the Federal Reserve raising interest rates in the second half of the year is increasing, and I expect the Fed will be forced to take this action, with other central banks following suit.' (Jin Shi)

KPMG: Federal Reserve Likely to Be Forced to Raise Interest Rates in the Second Half of the Year

On April 3, Jerry Tempelman, Vice President of Economic and Fixed Income Research at Mutual of America Capital Management, stated that the market is focused on the March non-farm report to verify the stability of the labor market. The addition of 178,000 jobs today helps alleviate concerns, while the slight change in the unemployment rate to 4.3% is not enough to trigger immediate attention. However, the slowdown characterized by 'low hiring, low layoffs' cannot be ignored. Regardless of how surprising last month's data was, the Federal Reserve's decision to maintain interest rates was already anticipated by the market. This outcome reflects policymakers' ongoing caution in balancing the short-term shocks felt across the economy with long-term economic stability. (Jinshi)

[Market Analysis: Non-Farm Payroll Surge Eases Employment Concerns, Fed's Cautious Stance Expected to Continue]On April 3, Jerry Tempelman, Vice President of Economic and Fixed Income Research at Mutual of America Capital Management, stated that the market is focused on the March non-farm report to verify the stability of the labor market. The addition of 178,000 jobs today helps alleviate concerns, while the slight change in the unemployment rate to 4.3% is not enough to trigger immediate attention. However, the slowdown characterized by 'low hiring, low layoffs' cannot be ignored. Regardless of how surprising last month's data was, the Federal Reserve's decision to maintain interest rates was already anticipated by the market. This outcome reflects policymakers' ongoing caution in balancing the short-term shocks felt across the economy with long-term economic stability. (Jinshi)

Market Analysis: Non-Farm Payroll Surge Eases Employment Concerns, Fed's Cautious Stance Expected to Continue

On April 3, according to The New York Times, US officials and Iranian state media reported on Friday that Iran shot down a US military fighter jet over its territory. The official stated that the fate of the aircraft's crew is unknown, and US officials are racing against time in search and rescue operations to act before Iran finds any survivors.

[US Official Confirms US Fighter Jet Shot Down Over Iran]On April 3, according to The New York Times, US officials and Iranian state media reported on Friday that Iran shot down a US military fighter jet over its territory. The official stated that the fate of the aircraft's crew is unknown, and US officials are racing against time in search and rescue operations to act before Iran finds any survivors.

US Official Confirms US Fighter Jet Shot Down Over Iran

According to a report by HSBC Bank and Northern Trust, digital assets are expected to account for 10% of all assets by 2030. The report also predicts that the global asset market may reach $145.4 trillion by 2025, which could mean that the valuation of the digital market may exceed $14.5 trillion. This prediction is based on the continuous growth of cryptocurrencies, stablecoins, CBDCs, and other technological innovations that promote multiple uses of these tokens. <br>

[HSBC report: Digital assets are expected to account for 10% of all assets in 2030]According to a report by HSBC Bank and Northern Trust, digital assets are expected to account for 10% of all assets by 2030. The report also predicts that the global asset market may reach $145.4 trillion by 2025, which could mean that the valuation of the digital market may exceed $14.5 trillion. This prediction is based on the continuous growth of cryptocurrencies, stablecoins, CBDCs, and other technological innovations that promote multiple uses of these tokens. <br>

HSBC report: Digital assets are expected to account for 10% of all assets in 2030

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HSBC report: Digital assets are expected to account for 10% of all assets in 2030

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