Overnight News Summary for May 14

2. A Federal Reserve survey shows that the vast majority of Americans are concerned about high prices in 2025, and more people are also starting to feel anxious about the job market.3. Israel’s Prime Minister confirmed a secret visit to the UAE during the Iran war; Iran’s Foreign Minister condemned it, while the UAE denied it.4. On Wednesday, Micron ranked first in US stock trading volume, closing up 4.83%. Its share price closed above $800 for the first time, hitting a record high, with a market value surpassing $900 billion.5. Ford surged by 13%, marking its biggest gain in over six years. Analysts are optimistic about the advantages brought by its cooperation with CATL.6. Cisco will lay off nearly 4,000 employees, stating that it will shift investments towards artificial intelligence and related growth areas.7. Nvidia’s share price increased by 2.3%, rising for the sixth consecutive trading day. During the session, its market value reached $5.5 trillion.8. Cathie Wood’s flagship exchange-traded fund appears to have missed out on the tech and artificial intelligence rally.9. With inflation risks skewed to the upside, Federal Reserve’s Collins hinted at the possibility of an interest rate hike.