Overnight headlines on May 14th

1. The United States Senate approved Powell as the chairman of the Federal Reserve with a vote of 54 to 45. 2. A survey by the Federal Reserve shows that the vast majority of Americans are concerned about high prices in 2025, and more and more people are also becoming anxious about the job market. 3. The Israeli Prime Minister confirmed a secret visit to the UAE during the Iran war. The Iranian Foreign Minister condemned it, while the UAE denied it. 4. On Wednesday, Micron Technology topped the list of US stock trading volume, rising by 4.83%. The stock price closed above $800 for the first time, reaching a historical high with a market value exceeding $900 billion. 5. Ford soared by 13%, marking the largest increase in over six years. Analysts are optimistic about the advantages brought by its collaboration with NEDC. 6. Cisco is set to lay off nearly 4,000 employees, stating that it will shift its investments towards artificial intelligence and related growth areas. 7. NVIDIA's stock price rose by 2.3%, marking the sixth consecutive trading day of gains and reaching a market value of $5.5 trillion during trading hours. 8. Kathy Wood flagship exchange-traded fund seems to have missed the big rally in technology and artificial intelligence. 9. Inflation risks are leaning towards an increase, with Fed's Collins hinting at the possibility of raising interest rates.