Main Financial Developments
Former U.S. President Trump has denied imminent plans to fire Federal Reserve Chair Jerome Powell, calming markets that had reacted to reports suggesting otherwise. Stock markets showed gains following Trump’s denial, with major indexes such as the S&P 500 and Dow Jones Industrial Average rising modestly. Trump plans to send tariff letters soon to over 150 countries, maintaining a 25% tariff on Japan and possibly targeting India next. Coffee prices are experiencing a surge due to unique market factors. Elon Musk’s xAI is reportedly negotiating a data center deal with Saudi Arabia's Humain.
Market Data Highlights
S&P 500 up by 0.28%, Dow Jones up by 0.45%, Nasdaq slightly up by 0.21%.
Notable stock movers include:
Rigetti Computing (+30%)
Bitmine Immersion Technologies (+19%)
Joby Aviation (+17%)
Hesai Group (-10%)
Lantheus Holdings (-9.5%)
ASML Holding (-7.6%)
Featured Stories and Analysis
Interview with Shamina Singh from the Mastercard Center for Inclusive Growth, discussing lessons from Ann Richards on financial empowerment. Topics covered include the rise of cryptocurrency and Bitcoin ETFs, ASML’s adjusted outlook impacting chip manufacturers, GM's partnership with Redwood Materials for electric vehicle battery-powered data centers, and record low new investments by U.S. companies operating in China amid trade tensions.
Additional Updates
Volvo Cars to begin producing mid-size SUVs in a U.S. plant. Researchers from OpenAI and Anthropic raised concerns about the safety culture in Elon Musk’s xAI. Crypto developments include new tradable tokens associated with Trump. The bond market is highly sensitive to speculation about the Federal Reserve chairmanship.
Financial Tools & Services
Yahoo Finance offers portfolio tracking, premium upgrades, investment ideas, real-time market data, and trending tickers for investor insights. Access to financial videos, podcasts like “Living Not So Fabulously,” commentary, and multi-sector coverage including commodities, currency markets, and cryptocurrencies is available. Users may sign in to personalize their experience.
Dow Jones: +0.45%
Nasdaq: +0.21%
Bitmine Immersion Technologies: +19%
Joby Aviation: +17%
Hesai Group: -10%
Lantheus Holdings: -9.5%
ASML Holding: -7.6%
• Cryptocurrency and ETF discussions
• ASML’s outlook and impact on chipmakers
• Electric vehicle battery partnerships
• Investment trends amid global tensions