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US markets closed for the Memorial Day holiday. The S&P 500 finished last week just above 5,800, a key technical level coinciding with its January low.
China’s #1 EV maker BYD is down 8.3% amid a continuing trade war—and is massively lowering its prices by up to 34% to increase demand. All the other major Chinese EV companies went down over 5% and are being forced to match discounts just to stay in business.
Meanwhile, Tesla demand is down a whopping 49%—despite an overall increase in EV sales of 34.1%. The above-mentioned BYD just sold more EVs in Europe than Tesla for the first time ever.
Trump Media just announced a Bitcoin Treasury, pushing BTC’s price past $110,000 momentarily this morning.The President’s social media company will be raising $2.5 billion for the new treasury deal. Trump called it “one of the largest Bitcoin treasury deals of any public company.”
A huge Nvidia’s earnings report comes out today. This data will likely set the tone for AI demand across the nation as both retail and institutional investors wait to see if Nvidia is heading back to its January all-time high or not.
The reason Oracle just bought 400,000 chips from Nvidia for $40 billion, and what that has to do with Texas.
Nvidia launched the Blackwell AI chip at $6,500 to $8,000 using GDDR7 and simpler packaging to meet US export rules.
📊Alternative Investing News
Why commercial real estate defaults are surging, with three Seattle offices near Amazon missing $135 million in payments and 10% of CMBS loans under special servicers.
Gold slipped 0.3% to $3,346.59 after President Trump delayed EU tariffs, reversing Friday’s 2% jump.
Bain projected private assets could double to $60–65 trillion by 2032, with infrastructure and alt credit outpacing traditional growth.
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EU and China trade officials will meet to align strategies as President Trump’s tariff threats intensified.
Japan just launched a $6.3 billion spending package aimed at providing relief to families and businesses hit hard by tariffs.
🪙 Crypto
Why in the world is Sam Bankman-Fried being released from prison four years earlier than anticipated?
VanEck’s Matthew Sigel blasted the SEC for stalling options on its HODL ETF while greenlighting others.
Over 65% of EU crypto firms met MiCA rules by Q1 2025, with the market set to hit €1.8 trillion.
Trump Media pushed to raise $3 billion for Bitcoin and crypto, split between equity and convertible bonds.
💡 Ideas, trends, and analysis
OPEC+ moved its July meeting to May 31 and weighed a third straight output hike of about 411,000 barrels per day.
The US Index of Consumer Sentiment dropped to 50.8 in May 2025, inflation expectations hit 7.3%, and nearly 75% of consumers mentioned tariffs unprompted.
Citi warned weak housing data could signal a recession as inflation-adjusted investment stalled, permits fell, prices dipped 1.1%, and new home sales dropped 1.2%.
PME, a Dutch pension fund, criticized US asset managers for yielding to pressure from President Trump’s administration and undermining climate-focused governance.
🌍 International Markets
🇯🇵 Japan kept rates at 0.50% and cut its 2025 GDP forecast to 0.5%, citing weak inflation and trade risks.
🇰🇷 South Korea’s Kospi rose 2.02% after President Trump delayed EU tariffs, with Hyundai stocks leading gains.
🇦🇷 Argentina launched a 1 billion peso bond for global investors, settled in US dollars under local law.
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