📈 Stocks / Finance

Markets rally on Fed cuts, but outlook grows murky

Yahoo Finance

All major indexes hit record highs after the Fed confirmed rate cuts, boosting small caps and tech stocks. Yet conflicting Fed forecasts and Powell's warning of 'no risk-free paths' signal uncertainty ahead as investors weigh strong growth against labor weakness and sticky inflation.

IBM trades near highs as investors weigh valuation signals

Simply Wall ST

IBM shares are up 21% YTD, nearing recent highs despite no major news. Analysts say the stock is ~5% undervalued, citing AI and hybrid cloud growth. However, valuation multiples remain elevated vs peers, suggesting sentiment may be ahead of fundamentals.

Nvidia faces $56B China revenue setback amid chip ban

Nasdaq

China ordered firms to halt Nvidia chip purchases, citing antitrust and national security concerns. This reverses a U.S. export deal that could have earned Nvidia $56B in 2026. Nvidia has paused H20 chip production, and Chinese firms are shifting to local alternatives like Huawei.

🪙 Crypto

Bitcoin seen as stronger macro hedge despite Ethereum’s rally

Yahoo Finance

Bitcoin is up 24% YTD and seen as the better long-term hedge against macro shocks, with projections of $1M by 2030. Ethereum has surged 37%, boosted by DeFi growth and stablecoin use, but analysts favor Bitcoin's resilience during global financial stress.

🌎 Global Economy

Divergent paths: Fed eases while other central banks hold steady

Economic Times

The U.S. Fed made its first rate cut since December and signaled two more this year, citing a weakening labor market. The Bank of England, Bank of Japan, and others kept rates unchanged amid inflation concerns.