📈 Stocks / Finance

Nvidia Leads Chip Rally on AI CapEx Surge from Meta, Microsoft

Yahoo Finance

Nvidia rose 2.5% as Meta and Microsoft boosted AI infrastructure spend, reaffirming demand for AI chips. Meta raised 2025 CapEx to $64–$72B; Microsoft held firm on its $80B plan. Nvidia remains down 17% YTD despite gains.

Amazon Beats Q1 Earnings but Falls on Weak Outlook

Investor’s Business Daily

Amazon beat Q1 estimates with EPS of $1.59 and $155.7B in sales, but shares fell over 2% after weaker-than-expected Q2 operating income guidance ($15.3B vs. $17.6B est) and a slight AWS miss. Ad revenue grew 19% to $13.9B, beating forecasts.

Fed Rate Cut Signals May Emerge Ahead of June Decision

Forbes

Markets expect rates to hold at 4.25–4.5% on May 7, but see a likely cut in June. Q1 GDP decline, 2.6% core PCE inflation, and tariff-driven uncertainty fuel rate speculation. Traders will watch the Fed’s statement and Powell’s remarks for forward guidance.

🪙 Crypto

Abu Dhabi firm invests $2B in Binance via Trump-backed stablecoin

The Guardian

MGX will invest $2B in Binance using USD1, a stablecoin from Trump’s World Liberty Financial. USD1, backed by U.S. Treasuries, now circulates over $2.1B. The deal cements ties between World Liberty and Binance, with Zhao meeting co-founders in Abu Dhabi.

🌎 Global Economy

China’s April Exports Slump Amid U.S. Tariff Surge

Global Banking & Finance

Global debt surged $12T in 2024 to $323T, per IIF, pushing the debt-to-GDP ratio to 328%. Rising interest costs and weak fiscal buffers in EMs have triggered credit downgrades and IMF-led restructuring. Default risks remain elevated across sovereigns, corporates, and households.

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