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Consumer confidence just soared. Is it fake news or the real deal?

šŸ‡ØšŸ‡¦ And Trump wants Canada to become part of America... Again.

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šŸ“° Market Headlines

US stocks vaulted Tuesday as President Trump delayed imposing 50% tariffs on EU imports until July 9, allowing for fast-tracked talks.

  • The Dow jumped 1.8% (over 700 points), S&P 500 gained 2.1%, and Nasdaq led with a 2.5% rise.

Consumer confidence made a shocking recovery from April’s 13-year low of 85.7 all the way to 98 in May—which was way higher than the predicted 87.1. Trade deals and tariff pauses seem to have done wonders for people’s outlook on the economy, even stifling some analysts’ calls for a recession.

Trump is angling to make Canada the 51st state—again. This time his bargaining chip is the Golden Dome missile defense system. He’s offered Canada inclusion in the project for $61 billion, or for free—if the country becomes the US’s 51st state.

Circle’s new IPO looks weirdly like Facebook’s. The company issues stablecoins but won’t be issuing many new shares, as most of them will be coming from investors rather than the company itself. This type of IPO is rare, and no one knows why Circle is going about it this way specifically.

😱 Fear and Greed Index

🧠 Make yourself heard

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šŸ¤– AI/Future/Tech News

  • Kore.ai tapped AWS for a strategic collaboration to accelerate AI adoption.

  • The seven-week antitrust trial between Meta and the FTC wrapped up Tuesday.

  • OpenAI published a developer interest form for a "Sign in with ChatGPT" feature.

šŸ“Š Alternative Investing News

  • Gold prices retreated as consumer sentiment improved following the US-China trade truce announcement.

  • Commercial real estate investors stockpiled goods ahead of potential tariff implementation.

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āš”ļø Trade Wars

  • How the US government will still keep decision-making power through Nippon Steel's takeover of US Steel.

  • Intel, Micron, Qualcomm, and Texas Instruments submitted appeals, seeking exemptions from semiconductor import tariffs.

šŸŖ™ Crypto

  • Thailand planned to let tourists spend cryptocurrency via credit card-linked platforms while overhauling financial laws.

  • New self-spreading malware hijacked Docker containers to mine Dero cryptocurrency.

  • Blockchain.com targeted expansion in African nations with emerging crypto regulations.

  • A new report suggests entry-level roles in tech are already shrinking.

  • Robert Kiyosaki warned of hyperinflation—what are his predictions for gold, silver, and Bitcoin, though?

šŸŒ International Markets

  1. šŸ‡§šŸ‡· Banco do Brasil, which controls half of Brazil's agricultural financing, faces mounting pressure as farmer bankruptcies hit record levels.

  2. šŸ‡¦šŸ‡· Argentina successfully issued a $1 billion five-year peso-denominated bond as part of President Milei's economic reforms.

  3. šŸ‡©šŸ‡Ŗ German consumer confidence inched up slightly in May but remains constrained by uncertainty surrounding US trade policies.

Do you like newsletters? We do.

We put together a list of newsletters that our readers tend to enjoy, covering topics like:

šŸ’ø Finance
šŸ¤– AI
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šŸŽ¤ What you said last time

ā€œI do like the variety offered by the sections in general, and the international headlines are a close second to ITA. Twitter roundup is worthless cause I am not touching anything even adjacent to the apartheid nazi in charge. I regret even clicking it the one time I did.ā€

🚚 Market movers

  • Salesforce is acquiring Informatica for $8 billion in cash to expand its AI data infrastructure.

  • 23andMe will delist from Nasdaq and deregister with the SEC following its March bankruptcy.

  • London’s congestion charge will apply to EVs starting in 2026.

šŸ“Š Earnings this week

  • Okta beat Q1 estimates with 12% revenue growth and 86 cents EPS, but kept guidance flat; shares plunged 11%.

  • Box Inc. reported 30 cents EPS vs. 26 expected and raised full-year guidance, as shares surged 10.92%.

  • AutoZone posted 5.4% same-store sales growth in Q3, but EPS fell 3.6% and margins narrowed while shares dipped 1.45%.

šŸ¦ļø Curated Finance Twitter Roundup

We’ve gone through and picked out some Twitter posts we think you’ll get value from.

  1. Google Deepmind’s CEO lays out his predictions for AI in the coming 5 years

  2. The case for a massive S&P recovery and rally

  3. Consumers are expecting the highest unemployment in 16 years

šŸ“ŗ What to watch today

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,
Brandon with Stefan & Wyatt

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