Data: Purchasing $1,000 worth of Nvidia stock on Binance incurs a transaction cost of approximately $1, significantly lower than on Tiger Brokers and Futu
June 1st, based on calculations from publicly disclosed data, assuming NVIDIA’s stock price is approximately $216.15, the transaction cost for purchasing $1,000 worth of NVIDIA stock on Binance is roughly $1 (a 0.1% spread). Tiger Brokers Hong Kong and Futu Hong Kong accounts charge a minimum fee of about $2 each, while Interactive Brokers (IBKR) has a flat rate of around $1, with an estimated cost of roughly $0.35 under its tiered pricing model.
The above calculations only include buying transaction costs and do not cover expenses such as exchange rate conversion fees, regulatory fees on sales, or financing interest. Actual costs may vary depending on the trading method and market conditions.
Binance announced today that platform users can now trade over 7,000 U.S. stocks and ETFs, with an investment threshold as low as $5, supporting stock purchases via stablecoins and BNB. The company also unveiled an upcoming plan allowing customers to convert their stock holdings into crypto-lik
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Moody's: Since Start of US-Iran Conflict, US Households Face an Average Additional Expense of $447 in Energy Costs
June 1 — A new study from Moody’s Analytics reveals that since the outbreak of the U.S.-Iran conflict, the average American household has incurred an additional $447.19 in energy-related expenses, translating to nearly $60 billion in total nationwide consumer cost increases.
The report highlights that energy price hikes are concentrated in gasoline, diesel, and airfares. Gasoline costs account for about half of the new household expenses. Diesel price increases have added over $20 billion in extra consumer spending, while a surge in aviation fuel costs has pushed airfares up by nearly $10 billion.
Moody’s Chief Economist Mark Zandi warned that if current energy prices stay unchanged, the average American household could lose nearly $2,000 in purchasing power over the next year due to rising energy costs. This, he noted, would further dampen consumer spending and weigh on the already fragile U.S. economy.
Data shows the average U.S. gasoline price now stands at $4.39 per gallon, whil
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Research Firm Reveals AI Enterprise Application Ranking: NVIDIA, Meta, Amazon Tied for First Place
June 1 — Per CNBC, the AI-Driven Enterprise Institute (AIDE) released a new research report evaluating the level of artificial intelligence adoption among S&P 500 companies. The report draws on public data including earnings call transcripts, job postings, and patent filings, scoring firms across four core areas: AI cognition, advocacy, strategic orientation, and practical implementation.
The results show that Nvidia, Meta, Amazon, and energy services giant Schlumberger (now operating under the SLB name) each posted a perfect 100 score, tying for the highest level of AI application among all enterprises in the index. Other top-ranked companies include Walmart, AES, NextEra Energy, Alphabet, and Microsoft.
By sector, Alphabet ranks first in communication services, Amazon tops consumer discretionary, Walmart leads consumer staples, SLB holds the top spot in energy, Block is number one in financials, and Microsoft ranks highest in information technology.
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Qualcomm Plunges Nearly 10% in Pre-market Trading, IBM Surges Over 11%
June 1, per Bitget market data, Qualcomm’s pre-market price continues to decline, currently trading down 9.67%. IBM’s pre-market performance, meanwhile, remains strong, with gains of over 11%.
News update: A viral video clip has resurfaced showing former President Trump praising IBM CEO Arvind Krishna during a December White House roundtable meeting. In the footage, Trump noted IBM’s stock had risen from a low level to a solid point, predicting it would “go up even more”. Separately, on May 21 this year, IBM received $1 billion in funding from the U.S. Department of Commerce under the CHIPS Act to build a quantum chip factory. Backed by this positive development, IBM’s stock has risen for a consecutive week, nearing its all-time historical high.
Notably, Trump’s involvement with IBM extends beyond public praise: he quietly purchased a small amount of IBM stock. A newly disclosed U.S. Office of Government Ethics (OGE) Form 278-T financial disclosure document (First Quarter 2026 Transa
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Iranian Foreign Minister: Ceasefire Agreement Clearly Covers All Frontlines, Including Lebanon
June 1: Iranian Foreign Minister Araghchi stated that the ceasefire agreement between Iran and the United States applies to all frontlines, including Lebanon. Any violation on one frontline is equivalent to a breach of the ceasefire across all lines, and both the U.S. and Israel must be held responsible for any such violations.
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