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Forwarded from POLITICS | FINANCE | WAR | GEOPOLITICS | NEWS
โก๏ธ U.S. and Iran have reached a deal but still require Trump's final approval, officials say.
@PoliticFinance
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POLITICS | FINANCE | WAR | GEOPOLITICS | NEWS
US and Iran agree to extend ceasefire by 60 days pending Trump's approval
US and Iran have reached a deal to extend their ceasefire for 60 days, but it requires Trump's final approval. The extension will begin negotiations on Iran's nuclear program.
US negotiators briefed Trump on the deal, and he requested a few days to consider it. The Memorandum of Understanding will guarantee that shipping through the Strait of Hormuz remains unrestricted.
Officials said most terms are agreed, but both sides await senior leadership approval. The news pushed US markets to fresh record highs.
๐ช t.me/FinancialWorldUpdates
US and Iran have reached a deal to extend their ceasefire for 60 days, but it requires Trump's final approval. The extension will begin negotiations on Iran's nuclear program.
US negotiators briefed Trump on the deal, and he requested a few days to consider it. The Memorandum of Understanding will guarantee that shipping through the Strait of Hormuz remains unrestricted.
Officials said most terms are agreed, but both sides await senior leadership approval. The news pushed US markets to fresh record highs.
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๐บ๐ธ S&P 500 reaches new all-time high of 7,555
๐บ๐ธ The NASDAQ reaches a new all-time high of 30,170.
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Anthropic raises $65 billion in their latest funding round, valuing the company at $965 billion.
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Dell stock is up 80% since President Trump told people to "go out and buy a Dell" on May 8th, adding $120B in market cap, per The Kobeissi Letter.
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This aggressive inventory drawdown is the primary reason why the oil market has not spiraled out of control.
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AI consultant reveals a client accidentally spent $500,000,000.00 in a single month after failing to set employee limits on Claude usage.
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Retail Investors Sell $1.1B in Equities Last Week
Retail investors sold $1.1 billion in equities last week, the largest weekly sale this year after three weeks of buying $1.6 billion.
Outflows were led by single stocks at $1.7 billion, while equity ETFs saw inflows of $571 million.
Institutional investors bought $219 million after three weeks of purchases over $3.0 billion.
Hedge funds bought $686 million following a $4.6 billion sale the prior week.
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Forwarded from POLITICS | FINANCE | WAR | GEOPOLITICS | NEWS
An Artificial Intelligence (AI) age estimation tool that aims to detect adult migrants posing as children will be deployed at the UK's borders next year.
@PoliticFinance
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๐จ INTERESTING:
If Tesla and SpaceX merge, Musk becomes the 5th largest corporate Bitcoin holder on Earth.
๐ช t.me/FinancialWorldUpdates
If Tesla and SpaceX merge, Musk becomes the 5th largest corporate Bitcoin holder on Earth.
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Markets closed the week with mixed but active moves.
๐ข Oil dropped sharply on ceasefire/deal hopes, though energy remains a key market risk.
โฟ Bitcoin stayed under pressure around the $73K level as crypto sentiment remained weak.
๐ฅ Gold bounced, but remained on track for another monthly decline.
Key Focus Next Week:
inflation, Fed signals, oil prices, and geopolitical headlines.
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Warren Buffett Indicator hits a record 236%, valuing US stocks at 2.36x GDP, surpassing dot-com and 2021 peaks.
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๐ Google Engineer Accused of $1.2M Betting Fraud
Google engineer Michele Spagnuolo is accused of using confidential data to earn $1.2 million through betting.
Prosecutors claim the 36-year-old Italian accessed non-public search trend data, including "Year in Search 2025," and placed bets under the nickname AlphaRaccoon from October to December, notably on the popularity of singer d4vd.
Spagnuolo allegedly knew the outcomes due to his internal access. He was arrested in New York on charges of commodity fraud, wire fraud, and money laundering, then released on $2.25 million bail.
Google is cooperating with authorities and confirmed Spagnuoloโs suspension.
๐ช t.me/FinancialWorldUpdates
Google engineer Michele Spagnuolo is accused of using confidential data to earn $1.2 million through betting.
Prosecutors claim the 36-year-old Italian accessed non-public search trend data, including "Year in Search 2025," and placed bets under the nickname AlphaRaccoon from October to December, notably on the popularity of singer d4vd.
Spagnuolo allegedly knew the outcomes due to his internal access. He was arrested in New York on charges of commodity fraud, wire fraud, and money laundering, then released on $2.25 million bail.
Google is cooperating with authorities and confirmed Spagnuoloโs suspension.
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๐บ๐ธ The U.S. government moved $800K in seized Alameda funds tied to the FTX estate.
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Trump says the US Navy is lifting its "blockade" of the Strait of Hormuz and he is meeting in the Situation Room to make a "final determination" on the Iran deal.
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Financial World Updates
๐บ๐ธ TRUMP:
IRAN'S URANIUM WILL BE UNEARTHED BY THE UNITED STATES.
๐ช t.me/FinancialWorldUpdates
IRAN'S URANIUM WILL BE UNEARTHED BY THE UNITED STATES.
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Forwarded from POLITICS | FINANCE | WAR | GEOPOLITICS | NEWS
Trump says he will be in a meeting now, in the Situation Room, to make a final determination of Iran agreement
@PoliticFinance
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๐บ๐ธ The CFTC approves perps to operate and be offered to US users: filing.
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U.S. oil prices fell below $87 per barrel for the first time since April as President Trump said he is making a final decision on Iran.
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๐ฎ๐ณ Indiaโs forex reserves declined by historic $7.5 billion, reaching $681.38 billion.
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