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Jeanine Pirro drops appeal of Fed subpoena ruling
U.S. Attorney Jeanine Pirro has asked a judge to vacate the March order that nullified her subpoenas to the Federal Reserve, effectively scrapping her planned appeal. The move leaves the Fed’s legal c
Dow slides 400 pts, oil up 5% on Iran tension
Wall Street tumbled as renewed Iran tensions sparked a 5% oil surge, dragging the Dow down 400‑540 points and pulling the S&P 500 and Nasdaq off their record highs and historic streaks. CNBC, the New
AMD and Palantir set for blockbuster earnings swing
U.S. equities are riding record highs as the S&P 500 and Nasdaq post fresh peaks, while the next earnings wave centers on AI‑driven heavyweights. Semiconductor titan AMD and data‑analytics firm Palant
Crypto bears got it wrong again, losing $300 million in liquidations
After a brief surge past $80,000, Bitcoin ripped through bearish positions, prompting $300 million in short liquidations and lifting the broader crypto market. The rally, which outpaces the $76,000 le
Kalshi adds facial ID, deposit limits for minors
Kalshi is rolling out facial‑recognition login, selfie checks, two‑factor authentication and deposit‑limit alerts to tighten age verification and keep minors off its prediction‑market platform amid ri
Iran Halts US Warship, Tech Stocks Surge, Oil Bounces
Tech stocks surged, lifting U.S. indices, while oil rebounded after Iran’s navy announced it had halted a U.S. warship. Asian markets stayed mixed, and Wall Street’s record highs kept oil steady, even
European markets open mostly positive as Trump threatens new auto tariffs
European markets opened modestly higher as investors weighed Trump’s fresh 25% auto‑tariff threat and his new ‘Project Freedom’ plan to escort ships through the Strait of Hormuz, while European leader
Why Jerome Powell Decided to Stay at the Fed - WSJ
Jerome Powell announced he will stay on as Fed chair, a decision that comes as the central bank kept rates steady but faced its most divided vote since 1992. While investors breathe a sigh of relief,
GameStop Offers $56B to Buy eBay
GameStop has made an unsolicited ~$56B offer to buy eBay at $125/share — a ~20% premium over eBay's May 1 close — after building a ~5% stake; eBay's board will review the proposal.
Strategy pauses bitcoin buys before Tuesday earnings
Strategy, the biggest publicly‑traded Bitcoin treasury, halted its weekly BTC purchases just ahead of its Q1 earnings, a move that underscores the shift from a software firm to a Bitcoin financing veh
Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year
Veteran commodities trader Peter Brandt says Bitcoin will bottom in September‑October 2026 and then surge to $250,000 by late 2029, following the historic four‑year halving cycle. His timeline clashes
Bitcoin reclaims $80,000 as flows build, but traders hedge and doubt a breakout
Bitcoin surged back above $80,000, buoyed by $2.7 billion of ETF inflows and a wave of leveraged long bets, while spot buying stayed weak. The rally unfolds amid heightened geopolitical tension from I
Asian Stocks Rise, Oil Flat as Gulf Proposals Emerge
Asian equities rallied as Wall Street surged to fresh highs, while oil prices stayed flat despite an OPEC shock, and a Trump‑linked shipping proposal entered the mix. Reuters highlighted the market ra
Yen Jumps 0.75% as Traders Bet on More Intervention
The yen rallied as much as 0.75% against the dollar on Monday, reigniting speculation that Japanese authorities are preparing to intervene again after reportedly spending up to $35 billion buying yen
Trump launches Project Freedom to free Hormuz ships
President Trump unveiled Project Freedom, a U.S. operation deploying 15,000 service members, guided‑missile destroyers and over 100 aircraft to escort civilian ships out of the Strait of Hormuz starti
SpaceX's $75B IPO to Boost Nvidia and Tesla
SpaceX's planned IPO could raise up to $75 billion in fresh capital, much of which is expected to flow to AI chip giant Nvidia and Elon Musk's Tesla, both tied to SpaceX's growth ambitions.
U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
Iran’s war‑driven blockade of the Strait of Hormuz has forced Asian buyers to look elsewhere, driving U.S. Gulf Coast crude exports to a record 5.2 million barrels a day in April, with Corpus Christi
Berkshire Hathaway Earnings: Cash Hits Record $380 Billion on Stock Sales and Solid Q1 Results - Morningstar
Berkshire Hathaway’s cash pile surged to a record $380 billion in Q1, driven by stock sales and solid earnings. All three outlets—Morningstar, Yahoo Finance and CNN Business—converge on the figure and
Dimon warns recession; chair shift sparks volatility
JPMorgan’s Jamie Dimon warned that a looming credit recession will be far worse than expected, while a pending Fed chair change to Kevin Warsh will stir short‑term turbulence in Treasury yields and cr
Warren Buffett warns gambling mood at Berkshire meeting
At Berkshire Hathaway’s annual meeting, Warren Buffett warned that investors are in a gambling mood, singling out crypto and prediction markets as especially risky. Fortune, CNBC and Yahoo Finance all
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