Wall St Engine
The U.S. Treasury and Commerce Depts have drafted plans for a sovereign wealth fund, though no final decision has been made yet, per White House. Trump first called for it in February, suggesting tariff revenue could be used. Bessent: goal is to “monetize U.S. assets for the American people.”
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The U.S. Treasury and Commerce Depts have drafted plans for a sovereign wealth fund, though no final decision has been made yet, per White House. Trump first called for it in February, suggesting tariff revenue could be used. Bessent: goal is to “monetize U.S. assets for the American people.”
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Wall St Engine
Google $GOOGL has put out a statement saying that overall search volume is still growing—even on Apple devices. The company says, “People are finding Search more useful in new ways." More updates are expected at Google I/O. https://t.co/BpTj316IE1
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Google $GOOGL has put out a statement saying that overall search volume is still growing—even on Apple devices. The company says, “People are finding Search more useful in new ways." More updates are expected at Google I/O. https://t.co/BpTj316IE1
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Wall St Engine
Apple’s $AAPL fighting to delay a ruling that forces it to open up the App Store. It told the 9th Circuit Court it’ll face “irreparable harm” if it has to comply now, citing a 27% fee ban and limits on controlling in-app links. Epic Games says this is Apple’s “last-ditch effort” to block real competition.
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Apple’s $AAPL fighting to delay a ruling that forces it to open up the App Store. It told the 9th Circuit Court it’ll face “irreparable harm” if it has to comply now, citing a 27% fee ban and limits on controlling in-app links. Epic Games says this is Apple’s “last-ditch effort” to block real competition.
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Wall St Engine
TOYOTA $TM expects a 21% drop in full-year profit, forecasting ¥3.8T ($26B) in operating income through Mar '26, down from ¥4.8T. The hit comes from Trump's tariffs (¥180B impact in Apr-May) and a weaker USD (¥745B FX headwind). North America posted a ¥100B op. loss last quarter.
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TOYOTA $TM expects a 21% drop in full-year profit, forecasting ¥3.8T ($26B) in operating income through Mar '26, down from ¥4.8T. The hit comes from Trump's tariffs (¥180B impact in Apr-May) and a weaker USD (¥745B FX headwind). North America posted a ¥100B op. loss last quarter.
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Wall St Engine
$META just scored a $168M win against NSO Group over Pegasus spyware abuse—its first major courtroom blow to the shadowy surveillance industry. The case sets a precedent: using U.S. servers gives American courts jurisdiction. It won’t kill spyware, but it makes the stakes a lot higher.
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$META just scored a $168M win against NSO Group over Pegasus spyware abuse—its first major courtroom blow to the shadowy surveillance industry. The case sets a precedent: using U.S. servers gives American courts jurisdiction. It won’t kill spyware, but it makes the stakes a lot higher.
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Wall St Engine
INDIA'S RUPEE WEAKENS OVER 1% ON ESCALATING GEOPOLITICAL TENSIONS https://t.co/eWIvInCPBK
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INDIA'S RUPEE WEAKENS OVER 1% ON ESCALATING GEOPOLITICAL TENSIONS https://t.co/eWIvInCPBK
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Wall St Engine
Citi on $GOOGL (Buy; PT $200):
"Earlier [Yday], Apple’s SVP of Services, Eddy Cue, indicated that Google Search volumes on Safari declined in April for the first time, attributed to growing adoption of ChatGPT (500M+ weekly active users and 20M paying subscribers), Perplexity AI, Anthropic, and others. Cue also suggested Apple may offer these AI providers as options—though likely not as the default—in Safari’s AI Search results, and noted that OpenAI is powering Apple Intelligence in iOS 18.
While competition in the search landscape is arguably at an all-time high, and with cost-per-click growth decelerating to +2% year-over-year in 1Q, we remain focused on Alphabet’s progress in generative AI. Newer products like Gemini (350M+ users), AI Overviews, and the beta launch of AI Mode suggest Alphabet is gaining GenAI share. We look to Google I/O on May 20–21 for more detail on the company’s strategy and maintain our Buy rating."
Analyst: Ronald Josey
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Citi on $GOOGL (Buy; PT $200):
"Earlier [Yday], Apple’s SVP of Services, Eddy Cue, indicated that Google Search volumes on Safari declined in April for the first time, attributed to growing adoption of ChatGPT (500M+ weekly active users and 20M paying subscribers), Perplexity AI, Anthropic, and others. Cue also suggested Apple may offer these AI providers as options—though likely not as the default—in Safari’s AI Search results, and noted that OpenAI is powering Apple Intelligence in iOS 18.
While competition in the search landscape is arguably at an all-time high, and with cost-per-click growth decelerating to +2% year-over-year in 1Q, we remain focused on Alphabet’s progress in generative AI. Newer products like Gemini (350M+ users), AI Overviews, and the beta launch of AI Mode suggest Alphabet is gaining GenAI share. We look to Google I/O on May 20–21 for more detail on the company’s strategy and maintain our Buy rating."
Analyst: Ronald Josey
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BYD AIMS TO SELL HALF OF ITS VEHICLES OUTSIDE CHINA BY 2030 - Reuters https://t.co/5Y0NrG9APO
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BYD AIMS TO SELL HALF OF ITS VEHICLES OUTSIDE CHINA BY 2030 - Reuters https://t.co/5Y0NrG9APO
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