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13:37
WTI Crude Oil Surpasses $102
On May 21, WTI crude oil surpassed $102 per barrel, rising 3.86% during the day.
13:35
U.S. stocks open lower, chip stocks decline, NIO rises over 5% after earnings
Gelonghui, May 21st – The three major U.S. stock indices opened lower collectively: the S&P 500 Index fell by 0.39%, the Dow Jones fell by 0.29%, and the Nasdaq fell by 0.5%. In terms of Chinese concept stocks, first quarter revenue increased by 112.2% year-on-year. NIO rose by 5.19%, XPeng Group rose by 2.77%, Trip.com fell by 1.29%, Pinduoduo fell by 2.07%, JD.com fell by 3.05%, Alibaba fell by 3.63%, NetEase fell by 4.14%, and Bilibili fell by 4.54%. Chip stocks declined, with NVIDIA down 0.5%, and both Intel and SanDisk down more than 1%. Among large technology stocks, Tesla rose by 1.25%, and Microsoft rose by 1.15%. Reports indicate that Anthropic is in discussions with Microsoft to use its artificial intelligence chips. MP Materials rose by 2.7% as the company was selected for a U.S. Department of Energy pilot project for rare earth processing. IBM rose by 3%, with the company set to receive $1 billion in U.S. government funding to promote the development of quantum computing.
13:35
Crypto-backed political action committee releases first list of endorsements for key Senate and House races in 2026
```htmlJinse Finance reported that on May 21, according to Crypto In America, a new bipartisan hybrid political action committee supported by members of the cryptocurrency industry announced its first list of endorsements for the 2026 midterm elections on Thursday. The Senate candidates who received support include: Alabama Republican Senator Barry Moore; Montana Republican Senator Kurt Alme; Ohio Republican Senator Jon Husted. The organization is also backing Congresswoman Angie Craig (Minnesota Democrat), who is currently competing in a fiercely contested Democratic primary for the Minnesota Senate seat left vacant by Senator Tina Smith. In the House of Representatives, the political action committee supports Republican candidates Houston Gaines; Jim Kingston; and Jon Bonck. For Democrats, the list includes: Maryland Representative Adrian Boafo; Texas Democrat Christian Menefee; as well as North Carolina Congressman Don Davis. The political action committee stated that it plans to continue evaluating candidates throughout the election cycle and to announce more support for federal, state, and local leaders who advocate what it calls responsible digital asset policies.```
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