⁠Wall St Engine
EU’s von der Leyen says she had a “good conversation” with Trump during the Pope’s funeral. She added, “If I go to the White House, I want to have a package, a solution.”
tweet

⁠Wall St Engine
FED'S BARR: ARTIFICIAL INTELLIGENCE MAY REQUIRE POLICYMAKERS TO REASSESS THE NATURAL RATE OF UNEMPLOYMENT; AI MAY ALSO INCREASE THE NEUTRAL INTEREST RATE
tweet

⁠Wall St Engine
U.S. buyers took out just 86,604 second-home mortgages in 2024—the lowest since 2018 and down two-thirds from the pandemic boom. High costs, office returns, and weaker rental demand are cooling the vacation home market fast, with Florida seeing the steepest drop. https://t.co/8jNfzFCxjP
tweet

⁠Wall St Engine
BofA: Tech saw $1.2B outflow—biggest in 11 weeks. U.S. equities lost $9.3B, with 4-week outflows largest since May 2023. Cash inflows hit $51.9B, bonds +$14.1B, and crypto saw best 4-week streak in 3 months. Japan and Europe equities logged a 4th straight week of inflows. https://t.co/Lq3u3Rjonq
tweet

⁠Wall St Engine
SMBC TO BUY 13.2% STAKE IN YES BANK FROM SBI FOR $1.04B
tweet

⁠Wall St Engine
AIR 🇨🇦 CANADA: PASSENGER REVENUE ON US 🇺🇸 ROUTES FELL 4.6% IN 1Q
tweet

⁠Wall St Engine
Goldman Sachs Upgrades $LYFT to Buy from Neutral, Raises PT to $20 from $19

Analyst comments: "In its Q1’25 earnings report, Lyft framed a few key themes: 1) continued momentum with double-digit Gross Bookings growth led by rides accelerating to +16% year-over-year in Q1, supported by a rapid cadence of product innovation in consumer offerings and rising driver supply affinity enhancing the forward growth trajectory, with rides guided to another quarter of mid-teens growth in Q2; 2) adjusted EBITDA once again exceeded the high end of guidance with a solid 10% incremental margin (as a percentage of Gross Bookings), despite lower-than-expected sales and marketing spend, and topline momentum remained strong; and 3) an increased share repurchase authorization (now $750 million), with plans to deploy $500 million in the next 12 months, likely reducing share count. While short-term debates may continue around rideshare pricing, market share fluctuations, positioning relative to the autonomous vehicle theme, and consumer discretionary trends, we believe shares are currently dislocated from Lyft’s earnings power over the next 2–3 years. We upgrade the stock to Buy from Neutral and raise our 12-month price target to $20 from $19."

Analyst: Eric Sheridan
tweet

⁠Wall St Engine
CoreWeave $CRWV is prepping a new $1.5B debt raise—possibly including a high-yield bond—as it looks to refinance some of its $8B debt load and lower borrowing costs. https://t.co/mXDSopzfm1
tweet

⁠Wall St Engine
$WULF Q1: Ramped up HPC buildout—on track for 72.5 MW to Core42 this year and targeting 200–250 MW by end-2026. Hashrate hit 12.2 EH/s, up 52.5% YoY. Cash + BTC holdings at $219.6M. Also repurchased $33M in stock so far this year. Capacity now totals 245 MW.
tweet

⁠Wall St Engine
PRESIDENT TRUMP: CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!! https://t.co/8E8pcmkPhP
tweet

⁠Wall St Engine
PRESIDENT TRUMP: 80% TARIFF ON CHINA SEEMS RIGHT! https://t.co/WCPkWZxVDI
tweet

⁠Wall St Engine
$NIO will open pre-orders on May 10 for refreshed versions of its ES6, EC6, ET5, and ET5 Touring. These updated models target the domestic market first, with no confirmed timeline yet for international availability.
tweet

⁠Wall St Engine
WHITE HOUSE'S PETER NAVARRO ON CHINA TALKS: US-UK DEAL IS THE TEMPLATE FOR FUTURE DEAL
tweet

⁠Wall St Engine
NAVARRO: EU VERY HIGH ON THE PRIORITY LIST IN TRADE TALKS; VAT TAX IN EUROPE IS THE PROBLEM FOR THE US
tweet

⁠Wall St Engine
WHITE HOUSE'S PETER NAVARRO ON CHINA TALKS: INTERESTING WEEKEND FOR THE MARKETS
tweet