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2026-05-31Today
14:32

White House Chief Economist urges the public to view economic data fluctuations rationally

Golden Ten Data reported on May 31 that White House National Economic Council Director Hassett stated on Sunday that the way media reports economic news often leads people to focus excessively on the most severe issue present at a particular moment. Speaking on ABC's "This Week," Hassett said, "One thing I noticed in the White House is that as soon as a piece of consumer price data appears a bit disappointing, that's all we talk about." He made these remarks regarding gasoline prices and their impact on inflation. Hassett said that everyone should look at the big picture, not just energy prices or a temporary problem area in the economy. "What you should do is calmly view these ups and downs and focus on changes in real wages," he said. "If you look closely, you'll find that thanks to an increase in employment, rising stock markets, and strong corporate profits, this is translating into higher wage levels."
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14:25

Next Week Macro Outlook: US-Iran Negotiation Enters Key Window, Non-Farm Payrolls and Unemployment Rate Data Incoming

BlockBeats News, May 31st: Regarding the US-Iran ceasefire agreement and the Strait of Hormuz opening issue, Trump stated that the agreement is close to being reached and demanded that Iran abandon its nuclear weapons capability and open the Strait of Hormuz; however, Iran denied having approved the final agreement text and emphasized that there are still differences in related arrangements. US Secretary of Defense Haggerty warned that if the negotiations fail, the US is prepared to resume military action against Iran. If both the US and Iran can further confirm a ceasefire extension or reach a phase one agreement next week, risk assets may continue to benefit, while oil prices and safe-haven assets may face new directional choices.


On a macro level, next week the US will see key economic data such as May seasonally adjusted non-farm payrolls and the May unemployment rate. At the same time, several Federal Reserve officials will speak, and the market will further assess the balance between the US economic slowdown and inflation pressures, as well as changes in the future interest rate path. The key events are as follows:


Monday 11:00, NVIDIA GTC Taipei 2026 Conference opens, with Jensen Huang delivering a keynote speech. Tuesday 13:50, 2026 FOMC Voter and Minneapolis Fed President Kashkari will speak; 20:30, 2026 FOMC Voter and Cleveland Fed President Hammack will speak on monetary policy; 22:00, US April JOLTs Job Openings; Wednesday 20:15, US May ADP Employment Change; 22:00, US May ISM Non-Manufacturing PMI; Thursday 02:00, Federal Reserve releases Beige Book; 20:30, US Initial Jobless Claims up to the week ending May 30; Friday 01:10, San Francisco Fed President Daly will speak; 20:30, US May seasonally adjusted non-farm payrolls and US May unemployment rate.


Meanwhile, AI remains a core theme driving the rise of global risk assets. As the corporate earnings season draws to a close, the market will continue to focus on the performance of companies such as CrowdStrike, Palo Alto Networks, Broadcom, etc., to observe whether the AI investment frenzy can continue to spread to more industries. After the US stock market ended May at historical highs, the market will also face the traditional "June Curse" test. In a midterm election year, June is historically the worst performing month for the US stock market, and investors generally expect the market to enter a short-term consolidation phase.

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14:16

MCU giant STMicroelectronics increases prices for the second time this year

This is the second price increase announced by STMicroelectronics this year, following their previous announcement on March 24. Before this, international power semiconductor giants such as Infineon and Texas Instruments also issued price hike notices one after another. In addition, domestic MCU manufacturers such as Zhison Microelectronics and Nationz Technologies have also recently announced price increases. (Jiemian News)
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13:52

White House National Economic Council Director Hassett stated: The real income of American citizens has increased significantly.

Based on actual salary-related data, since the current president took office, the income of an average American household has increased by about $3,000. Among them, mining industry workers have seen a particularly notable increase in real income this year, reaching $7,000.
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13:52

Japan Faces Naphtha Supply Crisis, Air Conditioner Installation Costs Surge

Due to the impact of the conflict in the Middle East, Japan's naphtha imports have been obstructed, resulting in a noticeable shortage of various materials required for air conditioner installations. The manager of an electronics store in Tokyo, which has been operating for over 50 years, stated that since the end of April, material supplies have been continuously delayed, and current inventory is only sufficient for about 30 air conditioner installations. Shortages of accessories such as tape and putty are unexpected, and there may be a supply interruption after July. As a result, the store's installation fee has risen from 11,000 yen (about 467 RMB) before April to 16,500 yen, with plans to further increase to 19,800 yen (about 841 RMB) in June. The material cost per air conditioner has reached 9,000 yen (about 382 RMB). Air conditioner business accounts for 60-70% of the store’s profits, and the material shortage is making operations increasingly difficult.
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13:32

Fed Governor Waller: Stablecoins will expand the reach of US monetary policy

"For countries that adopt stablecoins, it's like having a fixed exchange rate regime," Waller said at an event held Sunday in Dubrovnik, Croatia. "You will import the cost of money from the United States, so in countries where stablecoins are used more widely, it actually expands the reach of U.S. monetary policy." Read more
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13:30

Address 0xc72…0517c holds an unrealized profit of approximately $1.471 million from shorting BTC, ETH, and HYPE.

According to monitoring by on-chain analyst Ai Aunt, address 0xc72…0517c has opened short positions in BTC, ETH, and HYPE since mid-November last year. The current value of BTC and ETH short positions is about 7.321 million US dollars, with a combined unrealized profit of approximately 2.5 million US dollars; the current value of HYPE short position is about 1.7 million US dollars, with an unrealized loss of around 1.029 million US dollars. Overall, this address has achieved an unrealized profit of about 1.471 million US dollars.
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13:08

Michael Saylor Reissues Bitcoin Tracker Information, Hinting at Another BTC Purchase

BlockBeats News, May 31, Strategy founder Michael Saylor once again released Bitcoin Tracker related information.


According to the previous pattern, Strategy always discloses its additional Bitcoin purchase information on the second day after such news is released.

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12:44

Analyst: BTC may experience a brief rebound in early June followed by a further decline

According to Odaily, analyst Killa stated on X that BTC declined at the monthly close for June. Although June is expected to end with a bearish candle overall, a brief rebound may occur at the beginning of the month, followed by a potential further decline.

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12:27

Even if offered money, they refuse to use it! Several former Tesla employees admit: Musk's touted FSD is not safe at all

格隆汇 May 31|According to Fast Technology, Tesla CEO Elon Musk has long publicly touted FSD (Full Self-Driving) technology, claiming its safety far surpasses that of human drivers and can even achieve unsupervised driving. However, several former employees directly involved in FSD development have recently stated their distrust in the system. Among them, seven data labelers explicitly stated they would never ride in a Tesla car with FSD enabled; an insider bluntly said, “We have all seen FSD fail,” and warned the public not to trust Musk’s safety assertions. Some former employees even scoffed at Tesla Robotaxi (autonomous taxis), saying they wouldn’t ride even if paid.

The core job of these former data labelers was to review massive amounts of FSD driving footage and train the system to correct mistakes. They revealed that during their work, they frequently saw FSD vehicles speeding, but this common and basic issue was not a priority for engineers and management, with more resources instead directed towards rare edge cases.

Beyond speeding, FSD has often failed to yield to emergency vehicles, did not stop next to school buses, and has nearly hit pedestrians or even collided with animals. These real safety issues have made internal staff completely lose confidence in the system’s safety.

In fact, the controversy over Tesla FSD’s safety has already spread externally. Musk claims FSD is “ten times safer than human driving,” but this assertion has been criticized for flawed statistical methods and unconvincing data. The U.S. National Highway Traffic Safety Administration has raised its investigation into FSD, involving about 3.2 million vehicles; regulators in multiple European countries have also questioned its safety, resulting in FSD’s approval process being stalled in Europe.
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