Disney’s lawyers claim the FCC is attempting to scrutinize ABC’s coverage of the Trump administration

Spot silver has just reached the $60.00/oz mark, now trading at $60.00/oz, up 0.39% on the day; the main COMEX silver futures contract is now quoted at $60.26/oz, down 0.06% on the day.

Affected by the Wall Street sell-off, the Japanese stock market fell for the second consecutive trading day. Persistently high oil prices have reignited inflation concerns and dragged down the stock market, which was nearing historical highs. Cyclical stocks, including trading companies, banks, and materials stocks, led the decline. According to Takashi Ito, Senior Strategist at Nomura Securities, AI and semiconductor stocks, as well as cyclical sectors such as steel manufacturers and nonferrous metal producers, may continue to face sell-off pressure. However, he noted that the solid earnings outlook for domestic companies should limit the extent of the downturn and make a dramatic drop like Wednesday’s unlikely.

According to Business Insider, Amazon (AMZN.US) employees reported a new round of layoffs across several departments on Tuesday. The report states that this round of layoffs affects multiple business units, including customer service, marketplace support, and engineering positions within Amazon's retail business, as well as departments in India and the United Kingdom. According to a person familiar with the matter, the total number of affected employees is less than 1,000. An Amazon spokesperson confirmed to Business Insider that the company laid off a “small number” of staff on Tuesday, mainly concentrated in its Stores business division.

According to Jinzi Finance, Microsoft held a Surface new product launch event on Wednesday, announcing the price and release schedule of the new flagship laptop, Surface Laptop Ultra, powered by Nvidia chips. The company also stated that its performance in certain artificial intelligence (AI) tasks surpasses that of similar Apple products.