📈 Stocks / Finance

Chipmakers Lead 3rd Day of Market Gains as Tariff Talks Loom

Investopedia

U.S. stocks rallied for a third day, with the Nasdaq up 2.7% and Dow rising 500 points. Nvidia, Broadcom, and Microchip led chipmaker gains amid earnings optimism and hopes Trump may ease 145% China tariff. 10-year yield fell to 4.31%; dollar dipped to 99.30.

IBM, PepsiCo, and airlines cut outlooks on macro fears

Yahoo Finance

IBM fell 6.6% after suspended gov contracts offset earnings. PepsiCo and P&G lowered forecasts amid weak demand and tariff risks. Southwest and American Airlines pulled guidance due to economic uncertainty.

Mortgage Rates Hold at 6.81% Amid Tariff and Fed Uncertainty

Yahoo Finance

30-year mortgage rates averaged 6.81% this week, barely down from 6.83%, as tariff-related volatility and Fed criticism from Trump shook markets. Treasury yields hit 4.33%. Home sales and applications declined sharply as buyer sentiment weakened.

🪙 Crypto

Trump Meme Coin Spikes 70% After Gala Dinner Announcemen

BBC

Trump’s $Trump meme coin surged over 70% after a promise to host top 220 holders at a May gala dinner. The token, now valued at $2.5B, also offers a VIP event for top 25 holders. Trump recently signed orders on crypto reserves and new digital asset regulations.

🌎 Global Economy

Gallup: Manager Disengagement Cost $438B in 2024

Forbes

Gallup's 2025 report shows global employee engagement fell to 21%, driven largely by disengaged managers. The resulting productivity loss cost the global economy $438B. Young and female managers saw the steepest drops. Training and support could reverse the trend.