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NVIDIA's stock price increased by 2.65%, reaching $217.10 per share, setting a new record high, with a total market capitalization of $5.28 trillion.

[NVIDIA Stock Rises 2.65%, Reaches Record High]NVIDIA's stock price increased by 2.65%, reaching $217.10 per share, setting a new record high, with a total market capitalization of $5.28 trillion.

NVIDIA Stock Rises 2.65%, Reaches Record High

On May 8, according to the official website, Robinhood has launched BLEND spot trading.

[Robinhood Launches BLEND]On May 8, according to the official website, Robinhood has launched BLEND spot trading.

Robinhood Launches BLEND

On May 8, the Nasdaq 100 Index expanded its gains to 1%. Intel (INTC.O) strengthened in early trading, currently up 5%, with a market capitalization nearing $580 billion.

[Nasdaq 100 Index Expands Gains to 1%]On May 8, the Nasdaq 100 Index expanded its gains to 1%. Intel (INTC.O) strengthened in early trading, currently up 5%, with a market capitalization nearing $580 billion.

Nasdaq 100 Index Expands Gains to 1%

On May 8, Apple’s stock price rose by 2%, reaching $293.2 per share, setting a new record high. The total market capitalization is reported at $4.31 trillion.

[Apple Stock Price Reaches Record High of $293.2 per Share]On May 8, Apple’s stock price rose by 2%, reaching $293.2 per share, setting a new record high. The total market capitalization is reported at $4.31 trillion.

Apple Stock Price Reaches Record High of $293.2 per Share

On May 8, Hassett, the Director of the White House National Economic Council, stated that there are no signs of runaway inflation and that the Federal Reserve does not need to raise interest rates. I believe we will see interest rate cuts this year, as indicated by Federal Reserve Chair nominee Waller. (Jin Shi)

[White House National Economic Council Director: I Expect Interest Rate Cuts This Year]On May 8, Hassett, the Director of the White House National Economic Council, stated that there are no signs of runaway inflation and that the Federal Reserve does not need to raise interest rates. I believe we will see interest rate cuts this year, as indicated by Federal Reserve Chair nominee Waller. (Jin Shi)

White House National Economic Council Director: I Expect Interest Rate Cuts This Year

Spot gold has surpassed $4,740 per ounce, rising 1.10% for the day. (Jin Shi)

[Spot Gold Breaks $4,740/Ounce, Up 1.10% for the Day]Spot gold has surpassed $4,740 per ounce, rising 1.10% for the day. (Jin Shi)

Spot Gold Breaks $4,740/Ounce, Up 1.10% for the Day

On May 8, Nick Timiraos, known as the 'voice of the Fed,' stated that a significant issue the Federal Reserve faced four months ago was whether to continue lowering interest rates to support a seemingly faltering labor market. This issue is no longer relevant. The labor market has stabilized, while inflation is shifting from a previous decline to an upward trend due to tariffs and the war in Iran. The April non-farm report highlights this change in outlook and suggests that the market's focus will clearly shift to inflation data when assessing the next policy direction of the Fed, which has firmly held its position. April hiring remained robust, the unemployment rate held steady, and income growth remained strong, all of which do not justify a rate cut. As the labor market provides the Fed with the space to continue waiting, the next discussion on policy will be when and how to shift to a 'neutral' stance—where the possibilities of rate hikes and cuts become roughly equal—and the answer may depend almost entirely on future inflation data.

[Fed's Voice: Non-Farm Data Indicates Shift from Employment to Inflation Focus]On May 8, Nick Timiraos, known as the 'voice of the Fed,' stated that a significant issue the Federal Reserve faced four months ago was whether to continue lowering interest rates to support a seemingly faltering labor market. This issue is no longer relevant. The labor market has stabilized, while inflation is shifting from a previous decline to an upward trend due to tariffs and the war in Iran. The April non-farm report highlights this change in outlook and suggests that the market's focus will clearly shift to inflation data when assessing the next policy direction of the Fed, which has firmly held its position. April hiring remained robust, the unemployment rate held steady, and income growth remained strong, all of which do not justify a rate cut. As the labor market provides the Fed with the space to continue waiting, the next discussion on policy will be when and how to shift to a 'neutral' stance—where the possibilities of rate hikes and cuts become roughly equal—and the answer may depend almost entirely on future inflation data.

Fed's Voice: Non-Farm Data Indicates Shift from Employment to Inflation Focus

On May 8, according to Fox News, the US military conducted additional airstrikes today, targeting several empty tankers attempting to breach a blockade. According to a senior US official, these were Very Large Crude Carriers (VLCCs), and the massive empty vessels were attempting to return to Iran in an effort to break through the blockade.

[US Military Strikes Tankers Attempting to Breach Blockade]On May 8, according to Fox News, the US military conducted additional airstrikes today, targeting several empty tankers attempting to breach a blockade. According to a senior US official, these were Very Large Crude Carriers (VLCCs), and the massive empty vessels were attempting to return to Iran in an effort to break through the blockade.

US Military Strikes Tankers Attempting to Breach Blockade

On May 8, U.S. stock indices opened higher across the board, with the Dow Jones rising by 0.46%, the Nasdaq by 0.57%, and the S&P 500 by 0.44%. Baidu surged over 5%, as its AI chip subsidiary Kunlun is advancing its listing process in both Shanghai and Hong Kong; Qualcomm increased by over 5%, and Micron Technology rose by over 4%. CoreWeave fell by more than 6% after the company raised the lower limit of its annual capital expenditure forecast.

[U.S. Stock Indices Open Higher]On May 8, U.S. stock indices opened higher across the board, with the Dow Jones rising by 0.46%, the Nasdaq by 0.57%, and the S&P 500 by 0.44%. Baidu surged over 5%, as its AI chip subsidiary Kunlun is advancing its listing process in both Shanghai and Hong Kong; Qualcomm increased by over 5%, and Micron Technology rose by over 4%. CoreWeave fell by more than 6% after the company raised the lower limit of its annual capital expenditure forecast.

U.S. Stock Indices Open Higher

According to Cointelegraph, the Bank of England (BoE) and Treasury believes the United Kingdom is likely to need to create a central bank digital currency (CBDC) by 2030, according to a Telegraph report on Feb. 4.
The "digital pound" roadmap is set to be introduced next week, a government source told the newspaper. Deputy Governor Jon Cunliffe is scheduled to give an update on the BoE's work on the CDBC on Feb. 7
"On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future," noted Governor Andrew Bailey and finance minister Jeremy Hunt to the Telegraph.

Detail

【UK is 'likely' to need digital currency, says BoE and Treasury】According to Cointelegraph, the Bank of England (BoE) and Treasury believes the United Kingdom is likely to need to create a central bank digital currency (CBDC) by 2030, according to a Telegraph report on Feb. 4.
The "digital pound" roadmap is set to be introduced next week, a government source told the newspaper. Deputy Governor Jon Cunliffe is scheduled to give an update on the BoE's work on the CDBC on Feb. 7
"On the basis of our work to date, the Bank of England and HM Treasury judge that it is likely a digital pound will be needed in the future," noted Governor Andrew Bailey and finance minister Jeremy Hunt to the Telegraph.

UK is 'likely' to need digital currency, says BoE and Treasury

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ETH falls below 2300 USDT

UK is 'likely' to need digital currency, says BoE and Treasury

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