Financial World Updates
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GameStop CEO Ryan Cohen has been suspended from eBay just two days after proposing a $56 billion acquisition of the company.

eBay stated that Cohen's account was permanently suspended for "putting the eBay community at risk."


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Italy's UniCredit announced a non-binding agreement to sell a significant portion of its Russian banking operations to a private investor from the UAE. While the Italian lender will maintain its payments business in Russia, the divestmentโ€”driven by ECB directives and national security concernsโ€”is expected to result in a net income loss of up to โ‚ฌ3.3 billion.

Despite this hit, the bank confirmed that the deal will actually strengthen its capital ratios by approximately 35 basis points and will not affect its planned dividends or share buybacks.


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Director-General of the World Health Organization (WHO) to hold a media briefing on the hantavirus virus today.


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๐Ÿ‡บ๐Ÿ‡ธ U.S. M2 Money Supply hits new all-time high of $22.7 Trillion.


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๐Ÿ‡ฏ๐Ÿ‡ต Japan to tokenize government bonds on blockchain.


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ณ Nvidia, Apple, and Exxon CEOs to join President Trump on his trip to China.


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๐Ÿšจ Apple has agreed to pay $250 million to settle a class-action lawsuit over misleading customers about AI-powered Siri features

The lawsuit covers US customers who bought any iPhone 15 or iPhone 16 model between June 10, 2024 - March 29, 2025


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Central banks were net sellers of gold in March with 30 tonnes in outflows, most since 2023.


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Trump Threatens Iran Over Agreement

Trump threatened Iran with strikes if Tehran does not sign an agreement. Three US destroyers passed the Strait of Hormuz under fire. Trump said attacks were repelled, Iranian boats destroyed, and destroyers unharmed.

He demanded Tehran quickly sign the deal or face "much harsher strikes." The ceasefire remains and the agreement is still possible.


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๐Ÿ‡ฎ๐Ÿ‡ท Iran has reportedly seized an oil tanker.


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๐Ÿ”ฅ Nvidia is now worth more than the economies of Japan, India and the U.K., with market value surpassing $5T.


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๐Ÿˆ Market Overview:

SPX: $7337
NASDAQ: $25806
DXY: $97


Gold: $4734
Silver: $81
Bitcoin: $80014



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Trump administration released the first batch of UFO Files.

Filewls here:
https://www.war.gov/UFO/


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US economy adds 115,000 jobs in April, beating expectations

The US economy added 115,000 jobs in April, surpassing forecasts of 65,000. The unemployment rate remained steady at 4.3%, matching expectations.

This brings the total job gains to 300,000 over the past two months. The report shows strength despite ongoing tensions related to the Iran War.


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Investors Increase Inflows into US and Euro Inflation-Linked Bonds

Investors are preparing for inflation as the US Treasury Inflation-Protected Securities (TIPS) ETF $TIP saw inflows of +$900 million in April, the largest monthly amount since December 2021.

This was only the second monthly inflow in five months.

Global inflation-linked bonds rose +2% year-to-date, outperforming all 24 major fixed-income indexes tracked by Bloomberg.


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๐Ÿ‡บ๐Ÿ‡ธ Nasdaq just hit 29,000 for the FIRST TIME EVER IN HISTORY.

S&P 500 rose to new all time high and hit 7400 for the first time in history.

US stocks added $10 trillion since March 30th bottom.


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๐Ÿšจ Q1 tech layoffs were the highest since the 2022โ€“23 tech recession.


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๐Ÿ‡บ๐Ÿ‡ธ S&P 500 and Nasdaq record their highest daily & weekly close in history.


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๐Ÿ‡บ๐Ÿ‡ธ US credit card debt reaches new all-time high of $1.33 trillion.


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