Gold and silver decline, oil prices rise, is it stagflation or recession? The market itself is confused.

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MarsBitNews
Pre-market news for U.S. stocks on May 21
U.S. stock index futures weaken, oil prices rise, and gold and silver fall; European equities generally decline.
U.S. initial jobless claims are slightly below expectations. NVIDIA says it will mass-produce and ship the next-generation AI system Vera Rubin in the second half of the year. The U.S. plans to invest $2 billion in 9 quantum companies and take equity stakes.
AMD announces mass production of the next-generation “Xiaolong” on TSMC’s 2nm process, expanding its data center CPU roadmap to 2nm.
Tesla’s final batch of Model S/X rolls off the line as it pivots to humanoid robots.
SpaceX plans to launch 10,000 missions annually within five years, but it needs to improve reliability.
NIO’s U.S. pre-market trading rises by more than 6%, with first-quarter profits of 66.8 million yuan, marking two consecutive quarters of profitability.
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