Financial World Updates
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โšก๏ธ Iran starts Bitcoin-backed shipping insurance for the Hormuz Strait.


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๐Ÿ‡บ๐Ÿ‡ธ President Trump moves to withdraw his $10 billion lawsuit against the IRS.


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๐Ÿ‡บ๐Ÿ‡ธ Elon Musk:

10 years from now, probably 19% of all distance driven will be driven by the AI in a self-driving car. So, overwhelmingly, it will be quite a niche thing in 10 years to actually be driving your own car because the car will drive you.

I think there will also be humanoid robots that are pretty much everywhere.

I think it will be pretty cool because who wouldn't want their own personal C-3PO and R2-D2, but even better than that? I think everyone's going to want one, maybe two.


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๐Ÿ‡ฏ๐Ÿ‡ต Japan's 40-Year Yield hits 4.41%, the highest level in history.


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Berkshire Hathaway shares have lagged the S&P 500 since Warren Buffett stepped down as CEO in May this year, with the gap now at a record 44%.


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๐Ÿ‡บ๐Ÿ‡ธ OpenAI and CEO Sam Altman found not liable in Elon Musk lawsuit.


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Meta plans to cut 20% of its global workforce and shift 7,000 employees to AI initiatives as part of a major restructuring set for May 20, per Reuters.


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PlayStation is increasing the price of PlayStation Plus for new subscribers starting May 20.

1-month subscription: $10.99 USD (+$1)
3-month subscription: $27.99 USD (+$3)


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๐Ÿ‡ฏ๐Ÿ‡ต Japanโ€™s economy grew by 0.5% in the first quarter of 2026, beating expectations and the strongest growth since 2024.


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Standard Chartered says to slash jobs due to AI


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Trump said the US may have to give Iran another hit and a decision on action is coming soon, adding the public will know very soon if another big hit is needed.

He also said the US will help Cuba and thinks a diplomatic deal can be reached, but he does not know about changing Cuba's regime.


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OpenAI co-founder Andrej Karpathy joins Anthropic.


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡จ๐Ÿ‡ณ US and China agree to launch "government-to-government dialogue on AI."


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๐Ÿ‡บ๐Ÿ‡ธ President Trump says the rise in gas prices is "peanuts" and "very temporary."


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Polymarket partners with Nasdaq Private Market allowing users to trade private companies.


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Trump Discloses Stashes in Coinbase, Strategy, and NVIDIA

New US government documents reveal multiple crypto-related trades by the Trump family.

Their investments span across top miners like MARA, tech leaders, and traditional giants like Boeing.


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๐Ÿ‡บ๐Ÿ‡ธ US Vice President JD Vance says President Trump is not personally making stock trades.


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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ฎ๐Ÿ‡ท US seizes Iran-linked tanker carrying over 1 million barrels of crude oil.


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๐Ÿ“Š GOOGLE now has 3B+ users across core products including Search, Gmail, Android, Chrome and YouTube.


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๐Ÿ‡ท๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ธ Russia's ruble becomes the world's best-performing currency against the US dollar this quarter.


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