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🇺🇸 President Trump is serious about imposing a 20% toll on cargo transiting the Strait of Hormuz, a White House official told Semafor.
He has pushed this idea for months.

"This is what he’s always wanted to do, but people tried to talk him out of it," the official said.

"This was his instinctual decision always, and he’s sort of just come back around to it."

Enforcement details and Gulf state consultations remain unclear.


@PoliticFinance 🥻

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IBM stock, $IBM, has collapsed nearly 20% after posting weaker-than-expected earnings due to "weakness in the software and infrastructure business."

The stock just erased $55 billion in market cap.


💪 @FinancialWorldUpdates

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US has issued a $81,000,000,000 refund after Supreme Court ruled President Trump's tariffs illegal.


💪 @FinancialWorldUpdates

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🇺🇸 US inflation falls to 3.5%, lower than expectations.


💪 @FinancialWorldUpdates

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Saudi Arabia bought $47.2 million of Taiwanese drones last month.


💪 @FinancialWorldUpdates

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🇺🇸 Fed Chair Kevin Warsh says the US should not bail out anyone, including crypto.


💪 @FinancialWorldUpdates

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🇮🇷🇺🇸 Iran says Elon Musk's Starlink infrastructure is a legitimate military target.


@PoliticFinance 🥻

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Cuba faces third nationwide blackout in less than 10 days.


💪 @FinancialWorldUpdates

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Trump replaces the 20% US reimbursement fee with Gulf trade and investment deals while imposing a blockade on Iranian shipping.


💪 @FinancialWorldUpdates

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IBM stock, $IBM, is now on track for its biggest daily decline since 1968, down -26%.

That's -$70 billion in market cap erased today.


💪 @FinancialWorldUpdates

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China accused the United States at the United Nations on Tuesday of taking the Middle East to “a dangerous precipice” with its war against Iran


@PoliticFinance 🥻

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🇺🇸 US issues $81 billion in tariff refunds.


💪 @FinancialWorldUpdates

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🇺🇸 Treasury Secretary Scott Bessent says all gold at Fort Knox is present and accounted for, with U.S. gold reserves now worth over $1 TRILLION.


💪 @FinancialWorldUpdates

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🇮🇷🇺🇸 Iran threatens to close additional energy routes if US continues its blockade in the Strait of Hormuz.

"Energy exports will be for everyone or for no one."


💪 @FinancialWorldUpdates

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Stripe and Advent offer $53 BILLION to buy PayPal.


💪 @FinancialWorldUpdates

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SK Hynix is now trading at a 50% premium in the US and the stock is up 24% today.

SK Hynix is a key supplier of HBM chips for Nvidia's GPUs and markets are betting on easing of chip restrictions and shipments to China.


💪 @FinancialWorldUpdates

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Lucid Lost 58%... Then Surged 93% In Minutes

Lucid ($LCID) had a wild trading session after reports claimed the company was working with restructuring advisers and considering bankruptcy or going private.

The stock collapsed 58% within minutes, then rebounded 93% from the lows.

The company neither confirmed nor denied the reports, leaving only speculation.

Such moves create opportunities but raise serious questions.

If the rumor was false, regulators will likely examine whether the market was manipulated. If true, they'll investigate whether anyone traded on material non-public information before it became public.

Either way, millions of dollars changed hands in minutes, and today's trading activity will almost certainly attract regulatory attention.


💪 @FinancialWorldUpdates

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🇺🇸 US House passes bill to make daylight saving time permanent, ending twice-yearly clock changes.


💪 @FinancialWorldUpdates