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Fierce competition
Earnings kick into high gear, Tesla slides as EV makers slash prices amid fierce competition, Russia warns the world is on the brink of a ‘direct military clash’ between nuclear powers, US sues to block union of Coach and Michael Kors, and Luxury real estate prices just hit an all-time record…
Goldman warning
Goldman President warns out of control spending risks economic crisis, tech CEOs give India PM Modi election boost, Walmart-backed Ibotta shares surge 34%, Meta’s new AI assistant rolling out across social platforms, and Google terminates employees after multicity protests (read memo)…
IPO revival
Whistleblower testifies as Boeing faces scrutiny in Senate hearings, Wall Street wants answers on Tesla's Model 2 car, China warns west of 'survival of the fittest', TikTok divest-or-ban bill heads to fast-track in Congress, and bank leaders hail IPO market’s budding revival…
Tesla slashes staff
Lockheed wins $17B US missile defense contract, Israel vows to retaliate against Iran for missile attacks, Tesla lays off more than 10% of staff, strong retail sales boost first-quarter growth estimates, and 'opportunity of a lifetime' may unfold for gold and silver this week…
Bullish or bearish?
Tame producer price data soothes inflation concerns, S&P, Nasdaq end sharply higher on soft inflation data, Apple plans to overhaul entire Mac line with AI chips, brokerages shift Fed rate-cut expectations to September, and Cathie Wood muscles into ChatGPT boom with new OpenAI stake…e unveils custom Arm-based chips, small-business sentiment slides to 11-year low, gold hits another record awaiting inflation print, and Boeing hit with new whistleblower allegations…