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Top Stories🎯
Apple Beats Q2 Estimates But China Sales Disappoint; $100B Buyback Authorized
Apple reports strong Q2 earnings with revenue of $95.36B and EPS of $1.65, beating estimates. However, China sales and services revenue missed expectations. Apple announces $100B share buyback and dividend increase.
BOJ Holds Rates Steady, Slashes Growth Outlook Amid Tariff Concerns
The Bank of Japan maintained its 0.5% benchmark interest rate, aligning with market expectations. While aiming for 2% inflation, the BOJ cut growth forecasts due to US tariff uncertainties. Governor Ueda emphasized flexibility in policy response and potential rate hikes if economic projections align.
Trump's National Security Team Shakeup: Waltz and Deputy to Exit White House
National Security Adviser Mike Waltz and his deputy Alex Wong are set to leave their White House posts, marking the first major staff shakeup in the Trump administration. The departure follows a recent incident involving a journalist accidentally added to a sensitive group chat.
Bitcoin Soars Amid Trump Stablecoin's $2B Binance Deal and Growing Institutional Interest
Bitcoin surges past $96,000 as Trump-linked stablecoin USD1 facilitates $2 billion Binance investment by MGX. Institutional interest grows, with Grayscale Bitcoin Trust moving $911.3M worth of BTC. Market eyes potential recession in 2025.
Trump Threatens Sanctions on Iranian Oil Buyers, Rattling Markets
President Trump announced sanctions on Iranian oil, warning that any country or individual purchasing Iranian oil or petrochemicals will face immediate secondary sanctions and be barred from doing business with the U.S. Oil prices surged in response.
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Company News
Cvs Health Corporation (CVS)
Performance Overview
1D Change: 📈 4.11%
5D Change: 📈 5.35%
News Volume: 📰 129
Unusual Volume Factor: 🚀 12x
CVS Health Surges on Stellar Q1 Earnings, Boosts Wegovy Access in Major Turnaround Signal
CVS Health Corporation has reported impressive first-quarter results for 2025, significantly beating Wall Street expectations and prompting a surge in its stock price. The company's performance marks a turning point in its turnaround efforts, with growth observed across all segments.
Full coverage of $CVS on MarketFlux.io
Mcdonald's Corporation (MCD)
Performance Overview
1D Change: 📉 -1.88%
5D Change: 📉 -0.82%
News Volume: 📰 121
Unusual Volume Factor: 🚀 10x
McDonald's Reports Unexpected Sales Slump as Economic Anxiety Bites into Consumer Spending
McDonald's Corporation released its first-quarter earnings for 2025 on May 1, revealing a surprising decline in global sales and missed revenue expectations. The fast-food giant reported revenue of $5.96 billion, falling short of the estimated $6.12 billion, and adjusted earnings per share of $2.67, slightly below the expected $2.68.
Full coverage of $MCD on MarketFlux.io
The Hershey Company (HSY)
Performance Overview
1D Change: 📉 -0.04%
5D Change: 📈 1.91%
News Volume: 📰 42
Unusual Volume Factor: 🚀 10x
Hershey Beats Q1 Expectations, Grapples with Looming Tariff Challenges
Hershey, the renowned chocolate maker, has released its Q1 2025 financial results, showcasing a strong performance despite challenges. The company reported adjusted earnings per share of $2.09, surpassing estimates of $1.96, and net sales of $2.81 billion, slightly above the expected $2.8 billion.
Full coverage of $HSY on MarketFlux.io
Earnings Events
Eli Lilly's Q1 Sales Surge on Weight Loss Drug Demand, Profit Outlook Lowered
Eli Lilly reports strong Q1 results, with sales soaring 45% due to high demand for weight loss drugs like Mounjaro. However, the company cuts its profit outlook following a cancer treatment deal. Investors await updates on potential pharmaceutical tariffs and the launch of a new obesity pill.
Mastercard Surpasses Q1 Forecasts as Consumer Spending Remains Robust
Mastercard reported strong first-quarter profits, exceeding expectations due to resilient consumer spending despite economic uncertainties. The company's performance remained solid amidst challenging macroeconomic conditions, including trade tensions.
Rolls-Royce Maintains 2025 Outlook, Unfazed by Tariff Challenges
Rolls-Royce reaffirms its 2025 financial targets despite new tariff uncertainties. The company expresses confidence in meeting goals and plans to mitigate potential impacts from US tariffs.
MicroStrategy Reports Q1 Loss Despite Bitcoin Holdings; Amgen Beats Q1 Earnings Expectations
MicroStrategy's Q1 revenue missed estimates at $111.1M, posting a net loss of $4.22B. The company holds 553,555 BTC at a $37.9B cost and increased its 2025 BTC gain target to $15B. Meanwhile, Amgen reported strong Q1 earnings, beating estimates with $8.15B revenue and $4.90 adjusted EPS. Amgen's full-year outlook remains positive, projecting revenue between $34.3B-$35.7B.
Estee Lauder Beats Q1 Estimates but Slashes Full-Year Forecast Amid Sales Concerns
Estee Lauder's Q1 2025 earnings surpassed expectations, with adjusted EPS of $0.65 beating estimates of $0.31 and revenue of $3.55B slightly exceeding the $3.52B forecast. However, the company significantly lowered its full-year outlook, projecting an 8-9% decline in net sales and organic net sales, a stark contrast to previous guidance of -1% to +2% growth.
McDonald's Shares Tumble on Weak Q1 Results and Declining U.S. Traffic
McDonald's stock drops as Q1 earnings miss expectations. U.S. foot traffic declines, leading to the largest same-store sales drop since 2020. Revenue falls short of Wall Street estimates, impacting overall performance.
Live Nation's Q1 Earnings Disappoint as Revenue Misses Mark
Live Nation Entertainment's Q1 earnings missed expectations, with revenue falling short of estimates. The company reported mixed results, impacting investor sentiment.
Lumen Technologies Outperforms Q1 2025 Expectations, Narrows Losses
Lumen Technologies' Q1 2025 results surpassed expectations, with a smaller net loss of $201M and adjusted EPS of -$0.13. Adjusted EBITDA reached $830M, beating estimates, while adjusted free cash flow hit $354M. Revenue details weren't specified.
Moderna Reports Q1 Loss, Maintains Optimistic Outlook Despite Earnings Slump
Moderna's Q1 2025 earnings show a significant drop, with adjusted EPS at -$2.52 and revenue at $108M. Despite missing estimates, the company reaffirms its full-year revenue guidance of $1.5B to $2.5B and plans substantial cost reductions by 2027.
Wayfair Stock Skyrockets on Surprise Q1 Profit Beat and Market Share Gains
Wayfair's Q1 2025 results exceeded expectations, with profits beating estimates by $0.32. The company reported strong profitability and increased market share, causing shares to surge up to 19% in premarket trading.
ICE Surpasses Q1 Profit Forecasts Amid Strong Trading Activity
ICE, parent company of NYSE, reports higher first-quarter profit due to increased trading volume, beating analyst expectations.
Airbnb Beats Q1 Estimates, Forecasts Strong Q2 Revenue
Airbnb's Q1 earnings surpassed expectations, with revenue of $2.27 billion and EPS of $0.24. Adjusted EBITDA and gross booking value also exceeded estimates. The company projects Q2 revenue between $2.99B-$3.05B and maintains its full-year adjusted EBITDA margin outlook.
Geopolitics Events
Iran-U.S. Nuclear Talks Postponed Amid Tensions and Logistical Challenges
Iran accuses the U.S. of making provocative statements ahead of nuclear talks. An Iranian official states that discussions will be rescheduled based on U.S. behavior, criticizing sanctions as unhelpful. Oman's Foreign Minister cites logistical reasons for postponing the planned Saturday meeting between Iran and the U.S.
South Korean Acting President Resigns, Sparking Presidential Bid Rumors
South Korea's Acting President Han Duck-soo resigned on Thursday, fueling speculation about his potential presidential candidacy in next month's election. This move sets the stage for a new political chapter in the country.
Judge Blocks Trump's Use of Wartime Law to Deport Venezuelans
A federal judge has ruled against Donald Trump's attempt to use the Alien Enemies Act to expedite deportations of Venezuelans, blocking the administration's efforts to speed up the process.
White House Hopeful for China Trade Deal, Cites Multiple Country Offers
White House economic advisor Hassett expresses optimism for trade progress with China, citing "hard offers" from over 20 countries. The administration appears close to a breakthrough in negotiations.
EU Prepares €50 Billion Trade Offer for Trump, Seeks "Balanced and Fair" Deal
The EU is preparing a €50 billion trade offer for President Trump, according to EU negotiator Maroš Šefčovič. The EU Trade Commissioner aims for a "balanced and fair" deal with the White House, rejecting the idea of Washington keeping 10% tariffs on European goods as a fair resolution. This move signals Europe's readiness to engage in serious trade negotiations with the US.
Trump Warns of 68% Tax Hike, Lauds Progress on New Tax Bill
Trump warns taxes could rise 68% without new bill passage. He praises Speaker Johnson's efforts and reports a positive meeting with congressional leaders on the tax legislation.
US Brokers Congo-Rwanda Peace Deal, Eyeing Mineral Agreements
The US is pushing for a peace accord between Congo and Rwanda, accompanied by bilateral minerals deals. Trump adviser Boulos indicates the White House's involvement in facilitating these agreements to promote regional stability and economic cooperation.
Trump Taps Waltz for UN Ambassador, Rubio as Interim National Security Advisor
President Trump announces Mike Waltz as his nominee for US Ambassador to the UN, while Secretary of State Marco Rubio will serve as interim National Security Advisor. This reshuffling of key positions signals changes in Trump's foreign policy team.
Trump Predicts Tax Cuts and Debt Repayment Due to Increased Revenue
President Trump claims that increased revenue will allow for tax cuts and debt reduction, suggesting a positive economic outlook. His optimistic statement implies potential fiscal policy changes.
Canadian PM Carney to Unveil New Government's Agenda in Friday Press Conference
Canadian PM Carney will hold a press conference on Friday at 11 AM ET to outline the new government's priorities, according to an official statement from the Prime Minister's Office.
South Korean Finance Minister Resigns, Halting Impeachment Vote
South Korea's Finance Minister Choi Sang-mok resigned amid an impeachment vote in parliament, halting the process. His resignation was accepted by the Finance Ministry, adding to political uncertainty in the country.
Trump Creates Religious Liberty Commission via Executive Order
Trump signs executive order establishing a religious liberty commission, aiming to protect religious freedom through federal policy.
Trump to Release 2026 Budget Plan, Shaping GOP Fiscal Agenda
Former President Trump is set to unveil his fiscal year 2026 budget proposal on Friday, sending it to Capitol Hill. This move signals his continued influence on Republican policy discussions.
Trump and Rubio Select Julie Davis as Top US Diplomat for Ukraine
Julie Davis has been appointed as the top US diplomat in Ukraine, as announced by the State Department. The decision was reportedly made by former President Trump and Senator Rubio.
Trump Jabs at Commerce Secretary: "No Life" Due to Non-Stop Trade Talks
President Trump criticizes Commerce Secretary Lutnick, claiming he "has no life" due to constant trade deal negotiations, highlighting the intense workload in international trade diplomacy.
Trump Unveils Tax Cuts on Tips and Overtime in Upcoming Bill
Trump announces plans to eliminate taxes on tips, overtime, and social security as part of upcoming tax bill, emphasizing progress on schedule.
Trump Seeks Supreme Court's Help to End Protected Status for Venezuelans
The Trump administration has petitioned the US Supreme Court to terminate legal protections for 350,000 Venezuelans living and working in the US under Temporary Protected Status, potentially exposing them to deportation risks.
Macro Events
U.S. Initiates Tariff Talks with China, Signaling Potential Shift in Trade Relations Amid Global Economic Uncertainty
In a surprising turn of events, Chinese state media reports that the United States has reached out to China to initiate talks on tariffs, signaling a potential shift in the ongoing trade tensions between the two economic powerhouses. This development comes as President Donald Trump continues to push for new tariff negotiations, suggesting a possible change in the trade dynamics between the nations. The news has sparked interest in global financial markets, with gold prices dropping to a two-week low on hopes of progress in trade negotiations.
Trump Threatens Global Sanctions on Iranian Oil Buyers, Crude Prices Surge
President Trump has announced a significant escalation in sanctions against Iran's oil industry. In a bold move, Trump declared that any country or individual purchasing Iranian oil or petrochemical products must cease immediately or face secondary sanctions. These sanctions would bar offenders from conducting business with the United States. The announcement has sent shockwaves through the global oil market, with crude prices surging nearly 2% to around $59 per barrel. This development comes amid stalled nuclear talks and rising geopolitical tensions. The sanctions are expected to impact major buyers of Iranian oil, including China and India, potentially reshaping global oil trade dynamics and further isolating Iran economically.
BOJ Governor Ueda Signals Policy Flexibility Amid Uncertain Economic Outlook and Delayed Inflation Target
Bank of Japan Governor Ueda expects inflation and wage growth to slow due to tariffs and slower global growth. The timing of achieving the 2% inflation goal will be delayed, and the outlook is less certain than before. Ueda anticipates underlying inflation to cool initially but gradually pick up. The BOJ will remain flexible in its policy response, potentially continuing to raise rates if economic and price projections align. Ueda emphasizes the need to monitor financial and forex markets closely, as well as their impact on Japan's economy. He notes that trade policies in various regions are likely to negatively affect economies. Despite these challenges, Ueda maintains that Japan's economy is recovering moderately, though growth is expected to moderate.
US Jobless Claims Surge, Exceeding Forecasts and Raising Labor Market Concerns
US jobless claims rose to 241,000, surpassing estimates of 224,000. Continuing claims increased to 1.916 million, higher than the expected 1.864 million, indicating a potential softening in the labor market.
GM Slashes 2025 Profit Outlook, Citing $5 Billion Tariff Threat
General Motors has significantly lowered its 2025 profit guidance, citing potential exposure to up to $5 billion in costs due to tariffs. The automaker now forecasts pre-tax earnings between $10-12.5 billion, down from January's projection of up to $15.7 billion. This adjustment comes just days after GM suspended its earnings guidance, reflecting the uncertainty surrounding the impact of auto tariffs on the company's bottom line.
Manufacturing PMI: Canada Contracts, U.S. Barely Expands in April
Canadian manufacturing PMI drops to 45.3 in April, while U.S. manufacturing PMI declines to 50.2, both lower than previous months and forecasts. These figures indicate contrasting economic conditions in the two countries.
UK Manufacturing Shows Resilience Amid Mixed Economic Signals
UK mortgage approvals in March fell to 64,309, slightly below expectations. Manufacturing PMI for April improved to 45.4, surpassing forecasts. Net mortgage lending surged to £12.963 billion, far exceeding predictions. Consumer credit growth slowed, while M4 money supply increased by 0.3% month-on-month. These mixed economic indicators suggest a complex landscape for the UK economy.
Harley-Davidson Scraps 2025 Forecast Amid Tariff Woes and Economic Slowdown
Harley-Davidson withdraws its 2025 financial outlook due to global tariff uncertainties and weakening economic conditions. Q1 U.S. retail sales were lower than expected, prompting concerns about future performance.
Yellen Sounds Alarm: Trump Tariffs Raise Recession Risk and Economic Turmoil
Former Treasury Secretary Janet Yellen warns that Trump's sweeping tariffs will have a "tremendously adverse" impact on the US economy. She states that the risk of a recession has significantly increased, affecting financial markets, consumers, and businesses.
Revised Auto Tariffs Still Threaten Significant Price Hikes for Carmakers
Automakers face potential vehicle price increases of $2,000 to $12,000 due to revised Trump-era auto parts tariffs, according to Michigan's Anderson Economic Group. GM's tariff impact reduced from $8 billion to $5 billion after parts exclusions.
Atlanta Fed Slashes Q2 GDP Forecast to 1.1%, Raising Economic Concerns
The Atlanta Fed's GDPNow model drastically cut its Q2 GDP growth estimate from 2.4% to 1.1% following weak ISM and Census data. Real personal consumption growth was reduced to 1.9%, while private fixed investment is now expected to contract by 0.7%. This significant downward revision has sparked concerns about the U.S. economy's performance in the second quarter.
Surprise Jump in U.S. Jobless Claims Sparks Economic Worries
U.S. weekly jobless claims unexpectedly surged to the highest level since October, surpassing forecasts and raising concerns about the impact of tariffs on the economy.
Crypto Events
MicroStrategy Reports Q1 Loss Despite Bitcoin Holdings; Amgen Beats Q1 Earnings Expectations
MicroStrategy's Q1 revenue missed estimates at $111.1M, posting a net loss of $4.22B. The company holds 553,555 BTC at a $37.9B cost and increased its 2025 BTC gain target to $15B. Meanwhile, Amgen reported strong Q1 earnings, beating estimates with $8.15B revenue and $4.90 adjusted EPS. Amgen's full-year outlook remains positive, projecting revenue between $34.3B-$35.7B.
Musk Urges Dogecoin to Scrutinize Federal Reserve Spending
Elon Musk suggests Dogecoin should investigate Federal Reserve costs, citing the expensive renovation of its Washington headquarters as potential government waste.
Morgan Stanley to Launch Crypto Trading for E*Trade Users
Morgan Stanley is set to offer cryptocurrency trading to E*Trade clients, marking a significant move by a major US bank into the digital asset space.
Charles Schwab to Introduce Spot Crypto Trading, Bridging Traditional and Digital Finance
Charles Schwab, the $7.13T asset manager, plans to launch spot crypto trading within 12 months, focusing initially on Bitcoin and Ethereum. This significant move brings cryptocurrency closer to mainstream finance, despite crypto remaining a minor part of Schwab's annual expenses.
Crypto Market Uncertainty: XRP Resistance, ETF Delays, and Failed Acquisitions Shape Outlook
Cryptocurrency market sees mixed predictions for Dogecoin and Ripple (XRP). XRP faces resistance at $2.4, while SEC delays XRP ETF decision. Analysts debate selling XRP in May. Bitcoin's potential for new all-time high and Ripple's unsuccessful bid for Circle impact market sentiment.
Healthcare Events
Biotech Boom: Clinical Trials, FDA Progress, and Innovative Treatments Spark Hope in Healthcare Sector
In a flurry of biotech and healthcare news, several companies have made significant announcements regarding clinical trials, product launches, and regulatory progress. DCx Biotherapeutics has in-licensed discovery platforms from Repare Therapeutics, while BioStem is showcasing its BioREtain® Technology at a wound care symposium. Anavex Life Sciences reported full enrollment in a Phase 2 study for schizophrenia treatment, and Design Therapeutics announced favorable Phase 1 data for a corneal dystrophy drug. TransCode Therapeutics is making progress in an early-stage cancer drug trial, and 4D Molecular Therapeutics received FDA RMAT status for a macular edema treatment. Regeneron is set to present new cancer treatment data at ASCO, including updates on Libtayo® for CSCC and early blood cancer data with Linvoseltamab. BioCardia announced the first patient in a Phase 3 trial for heart failure cell therapy, while Dupixent® presented data reinforcing its impact on chronic respiratory diseases. In the diagnostics sector, Illumina is launching a GLP-1 dataset to accelerate therapy development. The Melanoma Research Alliance announced a $9.3M investment in melanoma research. These developments highlight the ongoing innovation and progress in the biotech and healthcare industries, with a focus on advancing treatments for various diseases and improving patient outcomes.
TransCode Therapeutics Advances Cancer Drug Trial as Biotech Sector Buzzes with Clinical Progress
TransCode Therapeutics ($RNAZ) reported progress in its Phase 1a clinical trial of TTX-MC138 for metastatic cancer patients, with 13 patients enrolled and no dose-limiting toxicities observed. Meanwhile, Eli Lilly ($LLY) prepares to release Q1 results, with investors keen on potential pharmaceutical tariffs and obesity pill launch plans. Other biotech firms, including Astria Therapeutics, Design Therapeutics, and Lyell Immunopharma, announced positive clinical trial results and upcoming presentations at industry conferences.
DOJ Sues Health Insurers and Brokers for Kickbacks and Disability Discrimination
The U.S. Justice Department has filed a False Claims Act complaint against three major health insurance companies and three brokers. The lawsuit alleges unlawful kickbacks and discrimination against disabled Americans, potentially violating federal regulations and ethical standards in the healthcare industry.
Fixed Income And Interest Rates Events
Treasury Yields Surge on Strong ISM Data, Impacting Markets and Bond Activity
Treasury yields surged, with the 10-year yield reaching 4.21%, following better-than-expected ISM manufacturing data. This sell-off in Treasuries impacted stocks, with the Dow trimming gains. Meanwhile, various SPDR ETFs declared monthly distributions, and Citigroup entered the US high-grade bond market. Tether reported record US Treasury holdings in Q1 2025, while Fitch upgraded Blackrock European CLO V DAC notes ratings. Experts suggest it's time to buy municipal bond funds.
Bond Market Heats Up: Billion-Dollar Deals, Crypto Interest, and Stablecoin Surge Forecast
The bond market is buzzing with activity as various financial institutions make significant moves. Thrivent sold $1.2 billion in debt, while LA Utility returned to the muni bond market with a $1 billion offering. ETFs from PIMCO, VanEck, and Nuveen announced distributions. Institutional interest in cryptocurrencies is rising, and Zayo priced $1.53 billion in asset-backed notes. Netflix's credit rating improved, and experts suggest it's time to invest in muni bond funds. The US Treasury projects a tenfold increase in stablecoins, with Tether reporting substantial growth and profit.
Oil And Gas Events
Oil Prices Plunge Below $60 as Oversupply Concerns and Weak Demand Shake Global Markets
Oil prices are plummeting due to a combination of increased production, particularly from OPEC+, and slowing demand growth. This bearish trend is affecting global markets, with Exxon Mobil stock dropping and Gulf bourses showing mixed results. Chinese oil purchases have shifted dramatically from US to Canadian sources. Natural gas futures are rising ahead of storage data, contrasting with the overall oil market downturn.
OPEC Oil Output Drops in April, Defying Expansion Plans
OPEC's oil production unexpectedly declined in April, dropping by 200,000 barrels per day to 27.24 million, despite plans to boost output. The decrease is largely attributed to impending US sanctions on Venezuela.
Natural Gas Prices Surge Amid Supply Drop and Demand Expectations
Natural gas futures rise 5% due to decreased output and anticipated higher demand. EIA reports 107B cubic feet storage change, slightly below forecasts. AltaGas Q1 shows utilities strength offsetting midstream challenges.
Qatar and Japan in Talks for Major Long-Term LNG Supply Deal
QatarEnergy is negotiating with Japanese LNG importers for a substantial, long-term supply agreement. The potential deal could provide a Japanese consortium with at least 3 million metric tons of LNG annually, according to sources.
House Votes to Block California's 2035 Gas Car Ban
The U.S. House of Representatives voted to repeal a federal waiver that allowed California to ban gasoline-powered cars by 2035. This decision overturns California's plan to transition to electric vehicles, facing opposition from automakers and fuel producers.
Exxon vs. Chevron-Hess Deal: Court Date Set for May Showdown
Court hearing scheduled for May 26 to address Exxon's dispute over Chevron's acquisition of Hess, sources reveal to Reuters.
Technology Events
Apple Faces $900M Tariff Hit, Shifts Production to India and Vietnam Amid Uncertain Impact
Apple CEO Tim Cook addressed the impact of tariffs on the company's financials during a recent earnings call. Apple estimates a $900 million cost increase due to tariffs in Q3, with limited impact in the January quarter. The full impact for the June quarter remains uncertain. Apple expects June revenue to grow in low to mid-single digits year-over-year, with gross margins between 45.5% and 46.5%. In response to tariffs, Apple is shifting production: most U.S.-sold iPhones will be made in India, while iPads, Macs, Watches, and AirPods will be produced in Vietnam. Cook emphasized Apple's $500 billion investment in the U.S. and stated there was no significant pull-forward of sales due to tariff concerns.
Nvidia Shares Soar on Tech Giants' AI Commitment and Strong Earnings
Nvidia stock surges as Meta and Microsoft report strong quarters, emphasizing AI investments and datacenter demand. This boost in tech giants' performance signals continued growth in AI and cloud computing sectors.
Uber Teams Up with May Mobility for Robotaxi Launch in Texas
Uber partners with May Mobility to launch autonomous robotaxis in Texas this year, with plans to expand to more U.S. markets by 2026. This strategic collaboration aims to scale autonomous vehicle technology on Uber's platform.
Microsoft to Host Musk's Grok AI, Expanding AI Partnerships
Microsoft is preparing to host Elon Musk's Grok AI model on its platform, according to reports from The Verge. This move signals a potential collaboration between tech giants in the AI space.
Nvidia CEO Alerts Congress to Huawei's AI Chip Advancements, Raising National Security Concerns
Nvidia CEO Jensen Huang privately met with the House Foreign Affairs Committee to express concerns about Huawei's advancing AI chip capabilities. Lawmakers were warned that if top AI models are optimized for Huawei hardware, it could drive global demand for their products, potentially challenging Nvidia's market position.
Real Estate Events
Housing Market Navigates Mixed Signals: Affordability Concerns Persist Despite Lower Rates and Low Foreclosures
The housing market faces challenges with high mortgage rates and affordability issues, despite some positive indicators. Homebuilders are adapting strategies to navigate economic uncertainties. While mortgage rates have decreased slightly, potential buyers remain cautious due to rising expenses. The foreclosure rate remains low, and some companies are projecting growth amid declining supply pressures. Adjustable-rate mortgages are gaining appeal as a cost-effective alternative to fixed-rate options.
US Mortgage Rates Fall Again: Experts Analyze Future Outlook
Mortgage rates in the US have decreased for two consecutive weeks, with the average 30-year rate now at 6.76%. Experts are weighing in on future trends as the bond market stabilizes.
Mortgage Rates Continue to Ease: Freddie Mac Reports 6.76% for 30-Year Fixed
Freddie Mac reports a slight decrease in US 30-year fixed-rate mortgages, dropping to 6.76% in the first week of May from 6.81% the previous week. This marks the second consecutive weekly decline, with rates significantly lower than last year's 7.22%.
Currencies Events
Yen Dips as Bank of Japan Holds Steady on Rates, Warns of Economic Risks
The yen weakened slightly against the dollar after the Bank of Japan maintained its current monetary policy, citing concerns over economic growth and price risks amid uncertainty from US tariffs. The decision was largely anticipated by markets.
Metals Events
Loeb's Third Point Bets on U.S. Steel Merger, Shares Climb
Dan Loeb's Third Point acquires significant stake in U.S. Steel, anticipating merger with Nippon Steel. The news boosts U.S. Steel's stock as investors react positively to potential deal.
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