News

British tycoon Chris Hohn's hedge fund TCI sold off nearly $8 billion of its stake in U.S. software giant Microsoft (MSFT.O), telling investors that artificial intelligence posed a threat to the company's dominant software products.

The University of Michigan consumer confidence index in the United States fell to its lowest level since Trump's second term in May.

The initial estimate of the U.S. five-to-10-year inflation rate in May is 3.4%, compared with the expected 3.5% and the previous value of 3.50%.

The monthly rate of U.S. wholesale sales in March was 2.8%, which was expected to be 1.6%. The previous value was revised from 2.70% to 2.6%.

The preliminary value of the University of Michigan's consumer confidence index in May was 48.2, compared with the expected 49.5 and the previous value of 49.8.

The initial value of the University of Michigan's expectations index in May was 48.5, expected 48.1, and the previous value 48.1.

The initial one-year inflation rate in the United States in May is expected to be 4.5%, compared with the expected 4.8% and the previous value of 4.70%.

The final monthly rate of U.S. wholesale inventories in March was 1.3%, which was expected to be 1.4% and the previous value was 1.40%.

The initial value of the University of Michigan's current situation index in May was 47.8, which was expected to be 52 and the previous value was 52.5.

Senior U.S. official: The U.S. military targets oil tankers trying to break the blockade. (Wall Street Journal)

The monthly U.S. wholesale sales rate in March, the preliminary value of the University of Michigan's consumer confidence index in May, and the preliminary one-year inflation rate forecast will be released in ten minutes.

NVIDIA (NVDA.O) shares rose 2.7%, with the stock price hitting a new record high, with a total market value of US$5.28 trillion.

According to the White House, US President Trump will deliver a speech in the Rose Garden of the White House tomorrow.

The Nasdaq 100 index expanded to 1%. Intel (INTC.O) was strong at the beginning of the session and is now up 5%, with a market value approaching US$580 billion.

Apple's stock price rose 2% to US$293.2 per share. The stock price hit a new record high, and the total market value was reported at US$4.31 trillion.

The Dow Jones Index opened up 184.09 points, or 0.37%, to 49781.06 points on May 8 (Friday);The S&P 500 Index opened up 31.5 points on May 8 (Friday) 3 points, an increase of 0.43%, to 7368.64 points;The Nasdaq Composite Index opened up 164.25 points, or 0.64%, to 25970.44 points on May 8 (Friday).

Iranian Foreign Ministry Spokesperson: Tehran is still weighing its response to the US proposal.

Iran's Tasnim News Agency: Iran said it is still reviewing the U.S. proposal to end the war.

Hassett, director of the White House National Economic Council: Emphasis on fiscal responsibility to deal with debt.

Hassett, director of the White House National Economic Council: Controlling the deficit requires achieving economic growth.