Financial World Updates
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Putin will travel to China on May 20, only days after Trumpโ€™s visit, as per SCMP


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Xi confirms China and the U.S. agreed to stabilize trade relations after talks with Trump in Beijing.


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๐Ÿ”ฅ Nvidia is $300B away from becoming the first $6T company.


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๐Ÿ”ฅ Polymarket named exclusive prediction market partner for Serie A.


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๐Ÿˆ Trump provides an update on his 48-hour visit to China for the US-China summit with over 15 US public company CEOs.

He says tariffs were not discussed with Chinaโ€™s President Xi and were "not brought up."

Trump made no commitment on Taiwan during their talks.

He also mentioned the possibility of meeting President Xi four times in 2026.

China has not purchased Nvidiaโ€™s H200 chips, despite US approval for sales.

Trump added that he and Xi discussed potential easing of US sanctions on Chinese companies buying Iranian oil.


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๐Ÿ“Š Market Overview

SPX: $7501
NASDAQ: $26635
DXY: $99

Gold: $4552
Silver: $77
Bitcoin: $80330


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Jerome Powell ends his 3,018-day tenure as Fed Chair today as his term expires.


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"AI can cost more than human workers now," per Axios.


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CME and NYSE are requesting to open a case against Hyperliquid for market manipulation and to start regulating the platform.

Earlier, screenshots circulated showing professional traders on Nasdaq monitoring the IPO pricing of Cerebras on Hyperliquid charts.


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The US sold 30-year bonds with yields above 5% for the first time since the global financial crisis began.


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Good Morning & Happy Saturday!
If you are here in a Saturday, show us your support! ๐Ÿ”ฅ


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๐Ÿ‡จ๐Ÿ‡ณ Chinaโ€™s central bank added 8 tonnes of gold to its reserves, the highest in 15 months.


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๐Ÿ‡บ๐Ÿ‡ธ Alcohol consumption among US adults falls to the lowest level in modern history.


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๐Ÿ‡ท๐Ÿ‡บ๐Ÿ‡จ๐Ÿ‡ณ Kremlin says Putin will pay a visit to China on May 19 and 20.


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๐Ÿ‡บ๐Ÿ‡ธ ๐Ÿ‡ฎ๐Ÿ‡ฑ The U.S. is considering asking Israel to redirect a portion of the approximately $5 billion in withheld Palestinian Authority tax revenues toward President Trumpโ€™s post-war Gaza reconstruction plan.


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Jim Cramer says Cisco today is very different from the one during the dot-com bubble.

Do you agree?


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