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no_data1Bitget UEX Daily | U.S. House Limits Trump’s Military Action Against Iran; Bitcoin Deeply Corrects to $63,000; AI Chip Supply Crisis Emerges (June 04, 2026)2The largest-scale clashes since the ceasefire! Kuwait says Iran's attack injured 63 people, Trump "puts out the fire": Negotiations are going smoothly, an agreement may be reached over the weekend.3US crude oil inventories have fallen to their lowest level since 2004. Can Trump still keep oil prices under control?
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13:09
AI comes to the rescue as U.S. Q1 productivity growth is revised down to 0.3%The U.S. Department of Labor announced on Thursday that the annualized growth rate of nonfarm productivity for Q1 was revised downward to 0.3%, the slowest since Q1 2025. The previous initial value was 0.8%, while economists surveyed by institutions expected a downward revision to 0.5%.From Q4 2019 to Q1 2026, U.S. productivity still maintains an annualized growth of 2.1%. Economists believe that the increasing adoption of artificial intelligence by enterprises will boost productivity and restrain labor costs.The growth rate of unit labor costs for Q1 was revised downward to 1.8%, compared to the initial value of 2.3%. Economists had expected 2.5%. The growth rate of unit labor costs for Q4 was sharply revised downward from 4.6% to 2.1%.The annualized growth of hourly wages for Q1 is 2.1%, while the year-on-year growth is 3.3%. Last week, the U.S. Q1 GDP growth rate was revised downward to 1.6%, much lower than the previously reported 2.0%, which explains the slowdown in productivity growth.
13:07
"New Stock God" Serenity: Swedish hedge fund Origo suffers massive losses by shorting SIVEAccording to Odaily, the “new stock god” Serenity posted on X that Swedish hedge fund Origo suffered major losses from shorting SIVE, calling it “one of the biggest losses of the year.” Serenity pointed out that many Swedish hedge funds are currently facing significant unrealized losses, which is related to SIVE playing a core role in the CPO supercycle. He further analyzed that this may explain the recent surge in fake news in the market, especially as funds could potentially face unlimited losses. This incident highlights the potential vulnerability of some institutional investors in high-risk shorting operations, while also reflecting the impact of industry-specific asset volatility on the spread of market information.
13:06
Major Bank Rating | Bank of America: Raises UnitedHealth target price to $450, upgrades rating to "Buy"Glonghui June 4th｜Bank of America has upgraded UnitedHealth Group's rating from "Neutral" to "Buy" and raised its target price from $420 to $450. According to analysts, the main reasons for this upgrade are the continued improvement in medical cost trends and a favorable market environment ahead of the second quarter earnings report.
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