Sudden in the early morning! Three cars collided, 4 dead! What's the situation? artist Xiao Jingteng called the police; A country with high inflation, singer Beyoncé is responsible?

This week, the Fed skipped rate hikes but signaled that it would still raise rates twice this year, while investors widely expected the Fed to be close to completing the rate hike and continue to watch earnings reports and the Fed's policy outlook. Goldman Sachs believes that the market's expectations for the rate of decline in US inflation are too optimistic.

Sweden's May inflation data showed a year-on-year increase of 9.7%, and some economists said that singer Beyoncé was responsible for the high inflation in May.

Domestically, Heyuan City, Guangdong Province reported that at 1 o'clock on June 17, a three-vehicle collision occurred on the lighthouse section of Dongyuan County, Heyuan City, Guangdong-Gan Expressway, resulting in four deaths.

Technology stocks continue to lead the U.S. stock market

This week, the three major U.S. stock indexes rose, with the NASDAQ, S&P 500 and Dow rising 3.25%, 2.6% and 1.25% respectively. Investors continue to focus on earnings reports and the Fed's policy outlook.

In terms of individual stocks, technology stocks continue to lead the US stock market. Microsoft CFO Amy Hood said it expects Microsoft to generate more than $10 billion a year in revenue from developers of its Azure cloud or OpenAI models when it comes to artificial intelligence. Affected by this, Microsoft's stock price was boosted, hitting new highs on Thursday and Friday, reaching an intraday high of $351.47 on Friday, with a total market value of about $2.55 trillion. This also makes Microsoft the third large technology company to reach a new high market capitalization this year after Nvidia and Apple. So far this year, Microsoft's stock price has risen by 43.41%.

Oracle has also been strong recently, hitting a new high of $127.54 on Thursday. Since the beginning of this year, Oracle has risen by 54.71%, outperforming Amazon, Apple, Google and other large technology stocks. It is reported that with the sharp rise in recent days, Oracle CEO Larry Ellison has surpassed Bill Gates and become the fourth richest person in the world.

It is worth mentioning that next week there will be a large number of earnings reports, including Hewlett-Packard (HPQ), Best Group (BEST) and other enterprises, investors can focus on.

On the macro front, this week, the Fed skipped rate hikes but signaled it would still raise rates twice this year, while investors widely expected the Fed to be close to completion. The focus of the market has now shifted to whether there will be another rate hike in July and beyond.

Goldman Sachs strategists said U.S. inflation will not fall as quickly as the market currently expects.

Strategists such as Praveen Korapaty wrote in Friday's note that investors may believe that a sharp deceleration in economic growth will lead to a faster easing of price pressures and may be more bearish on energy prices than reflected in commodity futures. Strategists believe that these factors have limited ability to depress inflation, and the market is ignoring the possibility of delayed inflation in areas such as health care.

"Although we expect inflation to fall further in the future, the market's view of the pace of cooling seems to be much more optimistic than we are." The strategist said.

Binance US reached an agreement with the SEC to avoid a total asset freeze

Binance US and the U.S. Securities and Exchange Commission (SEC) reached an agreement to avoid a freeze on the total assets of cryptocurrency trading platforms while regulators filed a lawsuit against them.

Under the agreement announced Saturday, the judge's ruling finalized an agreement reached by the two sides to protect billions of dollars of client money while not shutting down the trading platform. The SEC initially sought to freeze all of Binance's assets in the hope that blocking all movement would cripple its business and harm customers.

In a June 5 lawsuit, the SEC accused Binance and founder and CEO Changpeng Zhao of mishandling customer funds, misleading investors and regulators, and violating securities rules. It also calls for the repatriation of cryptocurrencies belonging to U.S. customers — a request only made if there is a risk that the assets may be lost or hidden.

Among the allegations in the lawsuit, the SEC alleges that Binance improperly transferred billions of dollars of customer funds to the bank account of an entity controlled by Changpeng Zhao. According to the indictment, the funds were transferred to a third party and then appeared to be used to buy and sell cryptocurrencies.

Sweden's high inflation Beyoncé is accused of being responsible

Recently, singer Beyoncé has been the target of criticism from economists.

This week, Sweden released inflation data for May, which showed a year-on-year increase of 9.7%, beating expectations. Some economists said Beyoncé was responsible for the high inflation in May. Because last month, Beyoncé kicked off a concert tour in Stockholm, the capital of Sweden. Fans from all over the world flocked to the city, resulting in a surge in local demand for hotels and dining.

According to Statistics Sweden, the restaurant and hotel sector contributed 0.3 percentage points to inflation in May, while the entertainment and culture sector contributed 0.2 percentage points.

It is reported that during the Beyoncé concert, 46,000 people attended every night, and the local tourism association described the boom in tourism in May as the "Beyoncé effect". Some economists expect inflation in Sweden to return to normal in June.

A bus rollover accident in eastern Pakistan has killed 14 people

Pakistani police said on the 17th local time that a bus overturned accident occurred in Pakistan's eastern Punjab province on the same day, resulting in at least 14 deaths and 20 injuries.

A head of Pakistan's transport management said the accident occurred on a highway in the Jagwar district of Punjab province, where a bus traveling from the capital Islamabad to Lahore, the provincial capital, overturned due to brake failure. Among the dead were five women and three children. Police and rescue workers have arrived at the scene, the injured have been taken to hospital for treatment, some are in critical condition, and the death toll is expected to rise.

Pakistani Prime Minister Shahbaz Sharif issued a statement on the same day, expressing condolences to the victims of the accident, instructing relevant departments to provide treatment for the injured and submit a detailed report on the accident.

Traffic accidents in Pakistan are frequent due to aging vehicles, poor road conditions and weak safety awareness among drivers.

"Xiao Jingtengfang called the police to detect self-proof" rushed to the hot search

Xiao Jingteng posted on Weibo on the evening of June 17: "In order not to worry people who love me, I have done some tests, I hope you can rest assured that as a public figure, being questioned is a daily life, defend network civilization together, put an end to rumors, and be a person with the ability to think." ”

Later, "Xiao Jingteng Studio" Weibo said that the artist Xiao Jingteng resolutely abides by national laws and regulations and is strict with himself. The Internet is not an illegal place, and there is zero tolerance for online defamation and rumor-mongering. After the defamation incident, the studio promptly contacted an authoritative testing agency for hair testing, and the results showed that no drugs were detected, and after discussing with the lawyer team, decided to call the police, hoping that this online defamation would end, and also hoped that everyone could jointly maintain the healthy and good development of the online environment and resolutely resist the creation of rumors and defamation.

It is reported that the cause of the incident was that Xiao Jingteng's state at the scene of an event a few days ago was suspected to be abnormal, like he had just finished taking drugs.

Heyuan City, Guangdong Province reported that a three-vehicle collision on the Guangdong-Gan Expressway killed four people

According to Guangzhou Daily, the relevant departments of the Heyuan Municipal Government reported that Heyuan held an emergency meeting on the prevention of road traffic accidents in the city, and the meeting reported a major traffic accident in the lighthouse section of Dongyuan County, Heyuan City, Guangdong-Gan Expressway, which has caused 4 deaths.

It is reported that at about 1 o'clock on June 17, a three-vehicle collision accident occurred on the lighthouse section of Dongyuan County, Heyuan City, Guangdong-Gan Expressway, resulting in 4 deaths, of which 2 died on the spot and 2 died after ineffective treatment.

It is reported that after the accident on the same day, the road section was closed and traffic control was temporarily implemented, and the Heyuan municipal government has reminded relevant departments to manage the construction site vehicles to ensure the city's traffic safety and avoid similar traffic accidents.