Intuit, a global financial technology firm, is set to eliminate approximately 3,000 positions, representing 17% of its global workforce. This decision aligns with the company's strategy to concentrate on artificial intelligence and streamline operations, according to BeInCrypto. The layoffs coincide with Intuit's report of a 10% increase in third-quarter revenue, reaching $8.6 billion. Affected U.S. employees will depart by July 31, receiving severance packages. Intuit anticipates restructuring costs between $300 million and $340 million, primarily impacting the fiscal fourth quarter ending July 31, 2026. Despite the cuts, Intuit has raised its full-year revenue guidance to $21.34 billion to $21.37 billion, indicating growth of 13% to 14%.

European Central Bank Governing Council member Olli Rehn stated that under adverse circumstances, it might be necessary to raise interest rates to maintain credibility. According to Jin10, Rehn noted that the current trajectory is moving towards an unfavorable scenario.

India's composite Purchasing Managers' Index (PMI) for May recorded a preliminary value of 58.1, slightly below the previous month's figure of 58.2 but above the expected 58. According to Jin10, this data suggests continued expansion in India's economic activity, as a PMI above 50 indicates growth. The PMI is a key indicator of economic health, reflecting business conditions in the manufacturing and services sectors.

Following the release of weak employment data in April, expectations for further rate hikes by the Reserve Bank of Australia have diminished. According to Jin10, IG Markets analyst Tony Sycamore noted that the rate market had previously priced in a 4 basis point increase for the RBA's next meeting in June, but this expectation has now dropped to 1 basis point. Looking at the longer-term outlook, he added that the market had priced in a cumulative tightening of 33 basis points for the entire year of 2026, which has now decreased to 25 basis points. The terminal official cash rate is currently expected to be 4.60%, significantly lower than the forecast of 4.82% at the end of last month.

JPMorgan CEO Jamie Dimon has indicated that interest rates could see a significant increase in the future. According to ChainCatcher, Dimon's comments suggest a potential shift in the economic landscape, which could have widespread implications for financial markets and borrowing costs. This statement comes amid ongoing discussions about monetary policy and its impact on global economies.

On May 21, Jin10 reported that the prices of gold jewelry in China have remained stable compared to the previous day. However, some brands, including Lao Feng Xiang, Chow Sang Sang, and Lao Miao, have seen an increase in the price per gram of pure gold jewelry. Currently, most prices are quoted between 1,372 and 1,390 yuan per gram.

SpaceX’s IPO filing revealed the company holds 18,712 Bitcoin worth about $1.45 billion, making it one of the world’s largest corporate Bitcoin holders. The filing also showed SpaceX lost $4.28 billion in the first quarter of 2026 while continuing to spend heavily on rockets, AI infrastructure and Starlink expansion.

GPUs are the brain of AI, but the neural networks between these brains determine how fast the entire system can run. Without optical interconnects, even a large number of GPUs are just isolated islands.

Monetary Authority of Singapore has revoked the crypto payment license of Bsquared Technology after uncovering what regulators described as serious compliance failures, weak internal controls, and repeated instances of “false or misleading” information provided to authorities.

Nvidia's Q1 revenue exceeded expectations, increasing by 85%, but guidance to reach new highs was still not impressive enough. The company announced an additional $80 billion in share buybacks and a significant dividend increase. Nvidia's stock price turned negative in after-hours trading, falling by more than 3% at one point.

Under the CLARITY Act regulatory framework, your token must either be sufficiently decentralized or be a security.

The minutes of the Federal Reserve's April meeting showed that they were prepared to adjust the stance of monetary policy as appropriate should risks arise that could hinder the achievement of the committee's goals.

Jinse Finance launches its cryptocurrency and blockchain industry daily news report, "Jinse Morning 8," issue 3063, providing you with the latest and fastest news on the digital currency and blockchain industry.

Is the prediction market a cash cow? A deep dive into its profit model. Golden Finance: Can this massive trading volume translate into real income?

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

This relates to a major power struggle hidden behind the code, concerning the future control of AI and global technological barriers.