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📰 Market Headlines
Markets finished mixed on Thursday as the Nasdaq snapped a six-day win streak, dragged down by tech losses.
The Dow finished up 0.7%, the S&P 500 settled for a 0.4% gain, and the Nasdaq fell 0.2%.
Amazon led the Magnificent Seven drop, falling 2.4% after cutting 100 jobs in its Alexa division. The company has now laid off 27,000 workers since 2022.
Is CoreWeave still a buy after such a wild week? The Nvidia-backed AI data center firm made headlines multiple times the past few days as it posted better-than-expected earnings (but not as much better as investors though) and announced a $4 billion deal with OpenAI. We took a look at the stock through the lens of alternative data and found that AltIndex still rates it as a potential buy—and Jim Cramer thinks sotoo (do with this what you will). More below.
Walmart confirmed it will raise prices this month due to tariffs. CFO John David Rainey cited double-digit increases on some products, saying the company can no longer absorb the cost pressures. When Walmart starts raising prices, you know the tariff pressure is real.
Fed Chair Powell warned the US may be entering a period of more frequent supply shocks, which could keep long-term interest rates elevated and complicate monetary policy.
A recession is still possible, JPMorgan CEO Jamie Dimon said, citing high deficits and inflation. He added that tariff uncertainty is already chilling investment.
😱 Fear and Greed Index
🧠 Make yourself heard
How do you feel about our commentary in the Market Headlines section?
Clorox CFO Luc Bellet revealed plans for product reformulations and alternative sourcing to offset an estimated $100 million tariff impact in the next fiscal year.
The United Nations cut its global GDP forecast to 2.4% for 2025, down from 2.9% in 2024, citing rising tariffs and policy uncertainty.
🥇 AltIndex Top Stock Pick
Nvidia-backed CoreWeave shares have been all over the place this week—up 8%, down 9%, and back again. Earnings beat expectations, and full-year guidance seemed strong—but after a 90% run-up in three weeks, investors were underwhelmed.
Still, we’re seeing that there might be more upside. AltIndex gives CoreWeave a 62/100 based on both financials and alternative data—solidly in “Buy” territory for the analysis platform.
Key reasons for the buy rating:
Reddit mentions are up 1,400%
Web traffic has surged 76%
10-day moving average is trending higher
Sentiment’s mixed—but it looks like momentum hasn’t fully cooled.
Always do your own research.
📊 Alternative Investing News
President Trump's administration signed an executive order in April to fast-track deep-sea mining to counter China's mineral dominance.
Silver mining ETFs have outpaced bullion so far in 2025, up 25% YTD versus 12% for physical silver ETFs.
🤖 AI/Future/Tech News
Meta shares tumbled after reports that its flagship AI model, Behemoth, has been delayed again, now pushed to fall or later due to engineering setbacks.
AI video startup Hedra raised $32 million from Andreessen Horowitz as it scaled its Character-3 model for use in entertainment and enterprise marketing.
🪙 Crypto
Coinbase disclosed a cyberattack that could cost up to $400 million. The company also reported rejecting a $20 million ransom demand.
Hong Kong's Yong Rong Asset Management loaded up on nearly $688 million of BlackRock's spot Bitcoin ETF (IBIT).
Judge Analisa Torres rejected a joint settlement motion from the SEC and Ripple over a procedural flaw.
💡 Ideas, trends, and analysis
A WTTC reportprojected a $12.5 billion drop in US foreign tourism revenue for 2025, with total spending expected to fall 22.5% below its peak.
US wholesale pricesplunged 0.5% in April, the sharpest monthly decline since 2020, even as President Trump’s tariffs remained in flux.
🌍 International Markets
🇲🇽 Latin American markets tumbled as trade optimism faded in the region. Mexico's peso weakened amid expectations of a 50 basis point rate cut.
🇯🇵 Japanese shipbuilders watched export orders crater 32% in April to 620,000 gross tonnes, widening the gap with South Korean competitors.
🇨🇳 President Xi Jinping issued his first letter to a foreign business community in four years, oddly aimed at the Danish Chamber of Commerce.
🇮🇳 India’s Foreign Minister disputed President Trump's claim that Delhi offered to drop all tariffs on US goods, stating that “nothing is decided till everything is”.
🎤 What you said last time
🚚 Market movers
UnitedHealth plunged 13% after reports of a Department of Justice criminal probe into potential Medicare fraud.
Ubisoft cratered 18% after reporting a 20.5% drop in net bookings and forecasting flat sales and break-even income for the year ahead.
TikTok faces new charges from the European Commission for failing to publish a required ad repository under the Digital Services Act.
📊 Earnings this week
Walmart reported Q1 revenue of 165.61 billion; shares dropped 0.5% amid margin concerns and tariff uncertainties.
Alibaba posted Q4 non-GAAP earnings of 12.52 renminbi (1.74) per share, missing estimates; shares tumbled over 7.5%.
Birkenstock beat quarterly estimates with earnings of 0.60 per share; shares soared 5.8%.
NetEase stock surged 14.6% in a single session, extending its rally to 25.12% over the past month as investors piled into Chinese tech.
🧠Miscellanea
A six-month-old with CPS1 deficiency became the first patient to receive a personalized CRISPR therapy.
Orange cats flaunt their color thanks to a newly discovered mutation never before linked to pigmentation in any mammal.
