U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

Data released by the U.S. Bureau of Labor Statistics (BLS) shows that U.S. job openings (JOLTS) rose to around 7.6 million in May, up from 7.59 million in April, hitting a nearly two-year high and remaining unaffected by uncertainties stemming from the Iran conflict. Previously, economists had widely projected May job openings would drop by roughly 10% to around 6.975 million, and viewed April’s sharp increase in job openings as likely a temporary phenomenon. Analysts note that the latest figures indicate the U.S. labor market has not only not weakened significantly amid Middle East tensions and energy price fluctuations, but may instead be further stabilizing and expanding. Earlier data from job platforms including Indeed and LinkUp showed overall hiring demand has slowed so far this year, but the official data marks a sharp contrast with market expectations.

According to Bitget market data, the US tech equipment sector saw broad gains, with individual stocks rising as follows: ONTO up 6.84%, AMAT up 3.60%, LRCX up 4.58%, KLAC up 5.97%, TER up 2.98%, and ENTG up 2.89%.

According to a report from The Information, OpenAI engineers have developed a series of new model optimization technologies that cut model inference costs by over 50% and reduce demand for NVIDIA GPUs. The report notes that OpenAI may allocate some of the cost savings to lowering API service prices or increasing user query limits for products such as ChatGPT.

MetaMask parent company Consensys has launched a new self-custody account named Money Account, integrating stablecoin yield, payment and trading functions to expand stablecoin applications in daily financial scenarios. Built on the Monad blockchain and centered on MetaMask’s native USD stablecoin mUSD, Money Account allows users to automatically allocate funds to decentralized lending protocols like Morpho for variable annual yields of up to around 4%, with Aave support set to roll out later, while retaining full asset self-custody. Additionally, users can spend their account funds directly at Mastercard-accepting merchants via the MetaMask Card, and participate in token swaps, perpetual contracts and prediction markets directly within MetaMask—no need to manually transfer funds between different protocols. Joe Lubin, Consensys founder and CEO and co-founder of Ethereum, stated that Money Account will enable users to grow their assets and make instant payments within MetaMask, further advancing stablecoins from trading tools to daily payment and wealth management instruments.

According to Bitget market data, the U.S. semiconductor sector posted broad gains, with individual stock performances as follows: Marvell Technology (MRVL.O) rose 4.35%; Qualcomm (QCOM.O) gained 0.61%; Intel (INTC.O) jumped 4.81%; NVIDIA (NVDA.O) increased 1.76%; and Broadcom (AVGO.O) added 1.25%.

International spot gold has been fluctuating around the $4,000 per ounce mark, dipping as low as $3,943.66 during the session – a new low since 2026 – before rebounding to around $4,030. Data shows that international gold prices have fallen approximately 13% this quarter, marking their largest quarterly decline since the second quarter of 2013. Ole Hansen, Head of Commodity Strategy at Saxo Bank, stated that after gold prices broke below $3,960 last week, bears failed to push the decline further. Combined with falling oil prices easing inflation concerns and short covering, this drove gold back above $4,000. However, he noted that gold needs to hold firmly above $4,100 to confirm a temporary bottom has formed. Ipek Ozkardeskaya, Senior Analyst at Swissquote Bank, also views $4,000 as a key support level, adding that downside risks remain unresolved until gold recovers above $4,115. If the downtrend continues, the next target could be $3,680. Additionally, Jay Kaeppel, a researcher at Sentimentrader, pointed out that based on historical seasonal patterns, the period from the end of June to early September each year is typically a relatively strong window for gold performance, which may provide some short-term support for prices.