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On June 11, Intel's stock surged by 10% in early trading. This increase follows Bank of America's upgrade of Intel's rating from 'Underperform' to 'Buy', setting a target price of $135. The core reason for this upgrade is Bank of America's growing confidence in the prospects of Intel's server chip business and its external foundry operations. The analysis team stated that previous estimates based on a cumulative valuation method for 2028 underestimated the company's long-term potential in chip manufacturing and foundry services. The bank now expects Intel's earnings per share to exceed $6 by 2030, a significant increase from the previous estimate of $3 to $4.

[Intel Soars 10% as Bank of America Upgrades Rating to 'Buy', Predicts Doubling of Long-Term Profitability]On June 11, Intel's stock surged by 10% in early trading. This increase follows Bank of America's upgrade of Intel's rating from 'Underperform' to 'Buy', setting a target price of $135. The core reason for this upgrade is Bank of America's growing confidence in the prospects of Intel's server chip business and its external foundry operations. The analysis team stated that previous estimates based on a cumulative valuation method for 2028 underestimated the company's long-term potential in chip manufacturing and foundry services. The bank now expects Intel's earnings per share to exceed $6 by 2030, a significant increase from the previous estimate of $3 to $4.

Intel Soars 10% as Bank of America Upgrades Rating to 'Buy', Predicts Doubling of Long-Term Profitability

On June 11, the wholesale prices in the U.S. saw the largest consecutive increase since 2022 in May, putting greater pressure on businesses as they grapple with a new wave of inflation. Data shows that the Producer Price Index (PPI) rose by 1.1% month-over-month, exceeding market expectations of 0.7%. Over the past 12 months, wholesale prices have increased by 6.5%, marking the largest annual increase since the end of 2022. Despite rising costs, businesses have not yet attempted to pass all these new expenses onto customers, who have shown resistance to paying more after experiencing five years of high inflation. However, part of the increase in wholesale prices will inevitably be passed on to consumers. Wholesale prices are where inflation first manifests, and these prices often signal future changes in what consumers will pay. Steve Rick, chief economist at financial services provider TruStage, stated, 'Inflation is becoming difficult to fully eliminate; although prices have retreated from their peak, businesses still face rising costs in labor, transportation, and energy, some of which will ultimately be passed on to consumers.'

[U.S. Wholesale Inflation Surges Again, Continuing Pressure on Businesses and the Economy]On June 11, the wholesale prices in the U.S. saw the largest consecutive increase since 2022 in May, putting greater pressure on businesses as they grapple with a new wave of inflation. Data shows that the Producer Price Index (PPI) rose by 1.1% month-over-month, exceeding market expectations of 0.7%. Over the past 12 months, wholesale prices have increased by 6.5%, marking the largest annual increase since the end of 2022. Despite rising costs, businesses have not yet attempted to pass all these new expenses onto customers, who have shown resistance to paying more after experiencing five years of high inflation. However, part of the increase in wholesale prices will inevitably be passed on to consumers. Wholesale prices are where inflation first manifests, and these prices often signal future changes in what consumers will pay. Steve Rick, chief economist at financial services provider TruStage, stated, 'Inflation is becoming difficult to fully eliminate; although prices have retreated from their peak, businesses still face rising costs in labor, transportation, and energy, some of which will ultimately be passed on to consumers.'

U.S. Wholesale Inflation Surges Again, Continuing Pressure on Businesses and the Economy

On June 11, according to Fox News, President Trump confirmed that the United States had attempted to provide weapons to the Iranian people to overthrow the Tehran regime, but regional allies 'disappointed' him. Trump stated that the US supplied weapons to Iran's regional adversaries—the Kurdish forces—but he believes the Kurds retained the weapons instead of distributing them. Trump said, 'The Kurds have disappointed us. I will remember that, the Kurds.' He further noted that he initially opposed the plan due to doubts that the Kurds would 'retain these weapons'.

[Trump: US Attempted to Provide Weapons to Iranian People but Regional Allies 'Disappointed']On June 11, according to Fox News, President Trump confirmed that the United States had attempted to provide weapons to the Iranian people to overthrow the Tehran regime, but regional allies 'disappointed' him. Trump stated that the US supplied weapons to Iran's regional adversaries—the Kurdish forces—but he believes the Kurds retained the weapons instead of distributing them. Trump said, 'The Kurds have disappointed us. I will remember that, the Kurds.' He further noted that he initially opposed the plan due to doubts that the Kurds would 'retain these weapons'.

Trump: US Attempted to Provide Weapons to Iranian People but Regional Allies 'Disappointed'

On June 11, the World Bank stated on Thursday that if the Middle East conflict leads to a prolonged reduction in energy supply and a significant drop in stock prices, the global economic growth rate this year could be less than half of that expected for 2025. In a semiannual report on global outlook, the World Bank indicated that assuming the transport of oil, gas, and other raw materials through the Strait of Hormuz returns to normal starting in August, it expects this year's economic growth to slow to 2.5%, down from 2.9% last year. This forecast is a slight downgrade from the 2.6% growth expectation in January, but if excluding the economic contraction during the pandemic and the output decline during the 2009 global financial crisis, it would be the weakest year since 1991. However, the World Bank warned that the longer the conflict lasts, the greater the economic slowdown will be. Indermit Gill, the World Bank's chief economist, stated: 'Escalation of hostilities or prolonged disruptions in commodity supply could further drive up commodity prices, exacerbate inflationary pressures and food insecurity, trigger financial stress, and pull down economic growth.' If shipping disruptions are resolved quickly, the World Bank expects the U.S. economy to grow by 2.2% this year, unchanged from the January forecast. However, it noted that about two-thirds of the global economy would face a slowdown due to the conflict, with developing countries suffering the most severe setbacks, and the poorest households being hit the hardest.

[World Bank Warns: Continued Middle East War Could Halve Global Economic Growth by 2025]On June 11, the World Bank stated on Thursday that if the Middle East conflict leads to a prolonged reduction in energy supply and a significant drop in stock prices, the global economic growth rate this year could be less than half of that expected for 2025. In a semiannual report on global outlook, the World Bank indicated that assuming the transport of oil, gas, and other raw materials through the Strait of Hormuz returns to normal starting in August, it expects this year's economic growth to slow to 2.5%, down from 2.9% last year. This forecast is a slight downgrade from the 2.6% growth expectation in January, but if excluding the economic contraction during the pandemic and the output decline during the 2009 global financial crisis, it would be the weakest year since 1991. However, the World Bank warned that the longer the conflict lasts, the greater the economic slowdown will be. Indermit Gill, the World Bank's chief economist, stated: 'Escalation of hostilities or prolonged disruptions in commodity supply could further drive up commodity prices, exacerbate inflationary pressures and food insecurity, trigger financial stress, and pull down economic growth.' If shipping disruptions are resolved quickly, the World Bank expects the U.S. economy to grow by 2.2% this year, unchanged from the January forecast. However, it noted that about two-thirds of the global economy would face a slowdown due to the conflict, with developing countries suffering the most severe setbacks, and the poorest households being hit the hardest.

World Bank Warns: Continued Middle East War Could Halve Global Economic Growth by 2025

On June 11, Oracle opened lower and continued to decline, falling nearly 13%, marking its largest drop since December last year. The company's quarterly capital expenditures exceeded expectations, raising investor concerns about the profitability of its AI infrastructure business.

[Oracle Falls Nearly 13%, Largest Drop Since December Last Year]On June 11, Oracle opened lower and continued to decline, falling nearly 13%, marking its largest drop since December last year. The company's quarterly capital expenditures exceeded expectations, raising investor concerns about the profitability of its AI infrastructure business.

Oracle Falls Nearly 13%, Largest Drop Since December Last Year

On June 11, the three major U.S. stock indices opened higher, with the Nasdaq rising by 0.56%, the S&P 500 increasing by 0.28%, and the Dow Jones up by 0.11%. The Nasdaq Golden Dragon China Index fell over 1%, with Chinese stocks like Li Auto down 1.10%, Bilibili down 1.55%, Pinduoduo down 2.00%, Trip.com down 2.20%, JD.com down 2.28%, Alibaba down 2.81%, and XPeng down 3.10%. Most stocks in the memory chip and optical communication sectors rose, with Intel up about 6%, Marvell Technology rising over 3%, and ARM, SanDisk, Micron Technology, and Western Digital all increasing by over 1%. Oracle fell over 10% after the company reported quarterly capital expenditures that exceeded expectations, raising investor concerns about the profitability of its AI infrastructure business.

[U.S. Stocks Open Higher, Chip Stocks Strengthen, Chinese Stocks Under Pressure]On June 11, the three major U.S. stock indices opened higher, with the Nasdaq rising by 0.56%, the S&P 500 increasing by 0.28%, and the Dow Jones up by 0.11%. The Nasdaq Golden Dragon China Index fell over 1%, with Chinese stocks like Li Auto down 1.10%, Bilibili down 1.55%, Pinduoduo down 2.00%, Trip.com down 2.20%, JD.com down 2.28%, Alibaba down 2.81%, and XPeng down 3.10%. Most stocks in the memory chip and optical communication sectors rose, with Intel up about 6%, Marvell Technology rising over 3%, and ARM, SanDisk, Micron Technology, and Western Digital all increasing by over 1%. Oracle fell over 10% after the company reported quarterly capital expenditures that exceeded expectations, raising investor concerns about the profitability of its AI infrastructure business.

U.S. Stocks Open Higher, Chip Stocks Strengthen, Chinese Stocks Under Pressure

On June 11, ECB President Lagarde stated: Today's decision is not an aggressive move. The 25 basis point interest rate hike is a signal and is necessary.

[ECB President Lagarde: Today's Decision is Not an Aggressive Move]On June 11, ECB President Lagarde stated: Today's decision is not an aggressive move. The 25 basis point interest rate hike is a signal and is necessary.

ECB President Lagarde: Today's Decision is Not an Aggressive Move

On June 11, Benjamin Habbel, the Chief Business Officer of stablecoin giant Tether, has left the company after just nine months, during which he was responsible for driving the expansion of the company's business and its investment portfolio. In an email, Habbel stated that he will return to his co-founded private equity firm, Limestone Capital, as a managing partner.

[Tether's Chief Business Officer Benjamin Habbel Has Departed]On June 11, Benjamin Habbel, the Chief Business Officer of stablecoin giant Tether, has left the company after just nine months, during which he was responsible for driving the expansion of the company's business and its investment portfolio. In an email, Habbel stated that he will return to his co-founded private equity firm, Limestone Capital, as a managing partner.

Tether's Chief Business Officer Benjamin Habbel Has Departed

On June 11, Wedbush stated in a report that Oracle is taking the right steps to meet the surging demand for AI. Despite the company's stock price dropping 9% in pre-market trading following the announcement of its fourth-quarter results, Wedbush analysts noted that prepayments from Oracle's AI contracts and hardware provided by customers have acted as a buffer. The analysts indicated that these factors have reduced the amount of funding Oracle needs to raise and kept the financing requirements for fiscal year 2027 manageable in relation to the scale of AI demand. Oracle announced on Wednesday that it expects to raise $40 billion in debt and equity financing this year, which includes a previously announced $20 billion equity offering.

[Wedbush: Oracle's Spending is Essential to Meet AI Demand]On June 11, Wedbush stated in a report that Oracle is taking the right steps to meet the surging demand for AI. Despite the company's stock price dropping 9% in pre-market trading following the announcement of its fourth-quarter results, Wedbush analysts noted that prepayments from Oracle's AI contracts and hardware provided by customers have acted as a buffer. The analysts indicated that these factors have reduced the amount of funding Oracle needs to raise and kept the financing requirements for fiscal year 2027 manageable in relation to the scale of AI demand. Oracle announced on Wednesday that it expects to raise $40 billion in debt and equity financing this year, which includes a previously announced $20 billion equity offering.

Wedbush: Oracle's Spending is Essential to Meet AI Demand

Huobi Global data showed that BTC broke through 19000  USDT and is now at 19000.8 USDT, with a decrease of 0.48% in 24H.

[BTC broke through 19000  USDT] Huobi Global data showed that BTC broke through 19000  USDT and is now at 19000.8 USDT, with a decrease of 0.48% in 24H.

BTC broke through 19000  USDT

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