The US has already spent over $85 billion on its military operation in Iran, with the current spending rate at $11,500 per second.

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⚡️ JUST IN: US 30-year yield rises to highest level since 2007.

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⚡️ JUST IN: NATO discusses deploying troops to the Strait of Hormuz to escort ships if the waterway is not reopened by early July.

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⚡️ JUST IN: Trump said the US may have to give Iran another hit and a decision on action is coming soon, adding the public will know very soon if another big hit is needed.

He also said the US will help Cuba and thinks a diplomatic deal can be reached, but he does not know about changing Cuba's regime.

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Trump appears to have opened a brokerage office in the White House as his trading volumes have sharply increased.

He trades nearly all major US stocks he praises, including Intel, Tesla, and Microsoft.

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⚡️ JUST IN: Putin and Xi sign Beijing agreement to deepen Russia-China strategic cooperation and extend landmark 25-year friendship treaty.

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Berkshire Hathaway has been selling US stocks for 14 consecutive quarters, marking its longest selling streak ever.

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⚡️ JUST IN: Iran parliament speaker says enemy moves show preparations for a new round of war.

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⚡️ JUST IN: Pakistan is expected to announce the final draft of a peace agreement between the United States and Iran soon per Saudi Arabia's state news agency.

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⚡️ JUST IN: Trump says US-Iran talks are in the final stages.

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Barclays warns that since 1930, US stocks have fallen an average of 12% in the first three months after a new Fed chairman takes office.

Kevin Warsh will be sworn in as the new Fed chairman on Friday, May 22.

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⚡️ JUST IN: OpenAI is preparing to file for an IPO with Goldman Sachs and Morgan Stanley as early as September.

The company plans to file confidentially with regulators soon, possibly by Friday. This move coincides with SpaceX's expected IPO debut around June 12.

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⚡️ JUST IN: Trump says "we are freeing up Cuba" and adds "there won't be escalation in Cuba."

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⚡️ JUST IN: US deploys aircraft carrier to the Caribbean as tensions with Cuba rise.

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⚡️ JUST IN: Trump tells Netanyahu mediators are drafting a framework to formally end the U.S.-Iran war.

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⚡️ JUST IN: NVIDIA beats revenue and data center sales estimates with Q1 revenue of $81.62B and data center revenue of $75.2B, and issues a stronger-than-expected Q2 revenue outlook of $89.18B to $92.82B.

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⚡️ JUST IN: Nvidia stock falls over 3% despite record $81.6 billion quarterly revenue and higher EPS.

The shares dropped after Nvidia reported better-than-expected earnings per share alongside its record revenue.

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Shares of Indian IT company Parle Industries rose 5% after investors confused it with the sweets maker Parle Products when Modi gifted candies to Italian Prime Minister Meloni.

The mix-up caused the wrong company's stock to jump following the gift exchange.

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