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๐Ÿ“Š Market Cap Erased Since All Time High:

1. Apple, $AAPL: $400 billion
2. Nvidia, $NVDA: $330 billion
3. Tesla, $TSLA: $310 billion
4. Microsoft, $MSFT: $250 billion
5. Meta, $META: $220 billion
6. Amazon, $AMZN: $190 billion
7. Google, $GOOGL: $70 billion

Combined, the Magnificent 7 stocks have erased $1.8 TRILLION in market cap since their recent all time highs.

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๐Ÿ‡บ๐Ÿ‡ธ TikTok's owner ByteDance would rather 'shut down' its app in the US than sell it - Reuters

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๐Ÿ’ธ xAI is raising $6 billion at a valuation of $18 billion from investors including Sequoia, per the Bloomberg

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๐Ÿšจ๐Ÿšจ BREAKING: ๐Ÿ‡บ๐Ÿ‡ธ Republic First Bank officially collapses and seized by regulators.

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๐Ÿšจ๐Ÿšจ๐Ÿšจ Tesla, Inc. is preparing to lay off 693 workers at its Sparks, Nevada ๐Ÿ‡บ๐Ÿ‡ธlocation, according to a government filing on April 27.

The downsizing effort represents more than 10% of its total workforce around the world & comes in response to declining sales and increased competition within the electric vehicle market.

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๐Ÿšจ๐Ÿšจ Stock Market hits highest market concentration since the Great Depression

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๐Ÿ‡บ๐Ÿ‡ธ Alphabet Closes Above $2 Trillion Market Cap for the First Time

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๐Ÿ‡บ๐Ÿ‡ธ Donald Trump's allies plan to reduce the Federal Reserve's independence if he wins 2024 election - Wall Street Journal

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๐Ÿ‡จ๐Ÿ‡ณ China's ๐Ÿ‡บ๐Ÿ‡ธ U.S. Treasury holdings have fallen to their lowest level in 15 years ๐Ÿ“‰๐Ÿ“‰

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๐Ÿ“ฃ Nvidia $NVDA CEO Jensen Huang:

โ€œWe have reinvented computing for the first time since IBM system 360"

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๐Ÿ‡บ๐Ÿ‡ธ The United States dollar has lost over 25% of its purchasing power since January, 2020

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๐Ÿ‡ง๐Ÿ‡ด Bolivia wants to join BRICS in 2024.

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๐Ÿ‡บ๐Ÿ‡ธ Top 1% of U.S. earners now have more wealth than the entire middle class

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๐ŸŒ BRICS Conducts $260 Billion in Trade Settlements Without the ๐Ÿ‡บ๐Ÿ‡ธ US Dollar

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๐Ÿ‡จ๐Ÿ‡ณElon Musk meet China's Premier Li Qiang in unannounced China trip.

Elon Musk wants to rollout Tesla self-driving software and also get permission to transfer Tesla data overseas to train ai models.

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๐Ÿ“Š Key Events This Week (Happy Fed Week!):

1. CB Consumer Confidence data - Tuesday

2. JOLTs Jobs data - Wednesday

3. Fed Interest Rate Decision - Wednesday

4. ISM Non-Manufacturing PMI data - Friday

5. April Jobs Report data - Friday

6. ~20% of S&P 500 companies report earnings

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๐Ÿ‡บ๐Ÿ‡ธ S&P 500's Top 10 Companies account for 34% of the index's market cap, an ALL-TIME HIGH

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๐Ÿ“ฃ Robotaxis will generate 8-10 Trillion in revenues in 2030, half of which will go to platforms like Tesla $TSLA says Cathie Wood

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BREAKING: ๐Ÿ‡ฎ๐Ÿ‡ฑ International Criminal Court is preparing to issue arrest warrants for Israel's Prime Minister and other top senior government officials.

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๐Ÿ‡บ๐Ÿ‡ธ CNN POLL:

โ€” President Trump leads Biden 49% to 43% in a two-way race.

โ€” President Trump leads Biden 42% to 33% including third party candidates.

โ€” 55% say the Trump presidency was a success. 39% say the Biden presidency is a success.

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Forwarded from Crypto News
๐Ÿšจ๐Ÿšจ๐Ÿšจ BREAKING: Russia ๐Ÿ‡ท๐Ÿ‡บ prepares for total Bitcoin๐Ÿ’ฐ Ban as geopolitical tensions rise.

โ€œDigital rubles will be allowed. The need for a ban is due to the fact that #Bitcoin is a currency that replaces the ruble in the countryโ€ - Aksakov, Chair- Financial Market.

@News_Crypto
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