Fed's Powell Calls for a Fresh Look at $2.5 Billion Building Overhaul；Bitcoin Breaks New Highs Amid

Welcome to our《Stock Market Briefing》show! Today, we're diving into some exciting news from around the financial world. First up, the Federal Reserve's Chair Jerome Powell has asked the inspector general to re-examine the costly renovation of Fed buildings, which has now hit a staggering $2.5 billion. This move comes amid political scrutiny and calls for more transparency, especially with ongoing criticisms from allies of former President Trump.
Next, Bitcoin has hit a new milestone, soaring past $120,000! This surge is partly fueled by support from the US government and mainstream investors, with many now seeing Bitcoin as a legitimate alternative asset. However, experts warn that this rapid rise could lead to some turbulence, so investors should stay cautious as the market continues to heat up, especially around the 2024 US election.
Finally, Mark Zuckerberg is making waves with his ambitious $150 million effort to recruit top AI scientists for his Superintelligence Labs. He's offering huge salaries and open-source projects to attract the best talent, aiming to develop AI smarter than humans. But with this aggressive push, some are feeling uneasy about the race for superintelligence and the potential risks involved.
Please continue to watch for more detailed insights and updates.

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