GameStop CEO Ryan Cohen has been suspended from eBay just two days after proposing a $56 billion acquisition of the company.

eBay stated that Cohen's account was permanently suspended for "putting the eBay community at risk."

✅@trading

⚡️ JUST IN: DOJ is investigating $2.6B in oil trades placed ahead of Trump’s announcements.

✅@trading

⚡️ JUST IN: US weekly jobless claims rose to 200,000, below the 205,000 estimate.

✅@trading

⚡️ JUST IN: US equity markets fall on reports that Trump is preparing to restart “Project Freedom” in the Strait of Hormuz.

✅@trading

⚡️ JUST IN: Trump says the EU has until July 4th to implement the US-EU trade deal or tariffs will “jump to much higher levels.”

✅@trading

⚡️ JUST IN: UAE attacked Iran, according to Iran's Mehr.

✅@trading

⚡️ JUST IN: US Military has attacked an Iranian oil tanker in the Strait of Hormuz, according to Iranian state media.

✅@trading

⚡️ JUST IN: US Military has conducted strikes on targets in southern Iran, including Bandar Abbas and Qeshm Port.

The US-Iran ceasefire seems to be unraveling following renewed attacks from both parties.

✅@trading

⚡️ JUST IN: US Trade Court rules against Trump’s 10% global tariff.

✅@trading

Trump Threatens Iran Over Agreement

Trump threatened Iran with strikes if Tehran does not sign an agreement. Three US destroyers passed the Strait of Hormuz under fire. Trump said attacks were repelled, Iranian boats destroyed, and destroyers unharmed.

He demanded Tehran quickly sign the deal or face "much harsher strikes." The ceasefire remains and the agreement is still possible.

✅@trading

⚡️ JUST IN: US economy adds 115,000 jobs in April, beating expectations

The US economy added 115,000 jobs in April, surpassing forecasts of 65,000. The unemployment rate remained steady at 4.3%, matching expectations.

This brings the total job gains to 300,000 over the past two months. The report shows strength despite ongoing tensions related to the Iran War.

✅@trading

📈 Investors Increase Inflows into US and Euro Inflation-Linked Bonds

Investors are preparing for inflation as the US Treasury Inflation-Protected Securities (TIPS) ETF $TIP saw inflows of +$900 million in April, the largest monthly amount since December 2021.

This was only the second monthly inflow in five months.

Global inflation-linked bonds rose +2% year-to-date, outperforming all 24 major fixed-income indexes tracked by Bloomberg.

✅@trading