Elon Musk announces launch of new XChat

The updated XChat is rolling out with end-to-end encryption, disappearing messages, file sharing, and audio/video calls.

X is stepping deeper into the messaging game.

Bank of Japan’s unrealized losses on government bonds have hit a record $198B.

That's triple last year’s figure of around $66B.

The surge comes as yields spike:

– 10Y JGB yield doubled in a year to ~1.5% by March-end
– 30Y yield rose ~70bps to ~2.5%

Yields have kept climbing over the past two months, putting even more pressure on the BoJ.

Fed’s Waller: Tariffs likely to cause a one-time price increase the Fed can look through.

Adds he doubts a 10% tariff alone could push inflation to 3%.

China Slams U.S. Over Trade Measures

China’s Commerce Ministry criticized the U.S. for introducing “discriminatory restrictive measures” after recent talks in Geneva, calling the actions a serious violation of mutual agreements.

Beijing reaffirmed its commitment to implementing the consensus and firmly safeguarding its rights and interests — urging Washington to “immediately correct the relevant wrong practices.”

U.S. Offers to Sell 1 Million Barrels of Diesel from Emergency Reserve

The United States has proposed selling 1 million barrels of diesel fuel from its emergency stockpile.

The move aims to stabilize domestic supply and potentially ease fuel prices during peak demand periods.

Hyperliquid whale James Wynn reportedly lost millions and is now asking the community for money.

Degens, being degens, have already sent him over $5 million.

Commodities Surge After Weekend Drone Strike

Markets turned risk-on as commodities flash deep green following a major Ukrainian drone attack on Russian territory.

Traders are increasingly pricing out the possibility of a near-term peace deal between Russia and Ukraine

Neuralink raises $650M

The company closed its Series E round with backing from ARK Invest, Sequoia Capital, and Founders Fund.

The funds will support brain-computer interface development, helping people with speech, vision, or mobility impairments control devices with their thoughts.

US trade deficit shrinks sharply

In April, the US goods trade deficit fell to $87.6B — the smallest since September.

Imports dropped by a record $68.4B amid new tariffs, while exports hit an all-time high at $188.5B.

A sharp turnaround from March, when companies rushed to import goods ahead of expected tariff hikes.

Foreign inflows to U.S. stocks are on pace to hit $138 billion in 2025 — the second-highest annual total in history.

Global investors are betting big on American equities despite rising macro uncertainty.

Robert Kiyosaki, author of Rich Dad Poor Dad, warns that the greatest stock market crash in history could hit this summer.

He cites excessive debt, geopolitical tensions, and overvalued markets as key triggers — and urges investors to seek shelter in gold, silver, and Bitcoin.

JOLTS Job Openings:
• Actual: 7.391M
• Forecast: 7.1M
• Previous: 7.192M

Labor market remains tight, with openings exceeding expectations.

Hedge Funds Cut Exposure to the Magnificent 7 to 5-Year Lows

Institutional investors are pulling back from the biggest tech names — Apple, Microsoft, Nvidia, Amazon, Meta, Google, and Tesla — reducing their positions to the lowest levels in at least five years.

A major rotation underway or just hedging before the next move?