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- Stocks flat as bond yields spike after Trump bill passes
Stocks flat as bond yields spike after Trump bill passes
5 articles I'm watching carefully
Tyler Dupont
May 23, 2025
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Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Stocks flat as bond yields spike after Trump bill passes
Stocks ended flat Thursday as 10-year yields hit 4.623% and 30-year yields topped 5.14% after the House approved Trump’s multitrillion-dollar tax-and-spend bill. Analysts warn the plan could worsen deficits; Moody’s cited fiscal deterioration in its recent U.S. downgrade.
IonQ Soars 36% on Quantum Optimism
IonQ shares surged 36.9% to $45.88 after strong Q1 earnings, a new logistics partnership with Einride, and bullish CEO remarks likening IonQ to the 'Nvidia of quantum computing'. Despite volatility, the stock remains 11.9% below its 52-week high.
AI Stocks Hit ‘Show Me’ Phase as OpenAI Spurs Hardware Shakeup
AI stocks face mounting pressure to prove value in 2025. OpenAI’s $6.4B deal with Jony Ive boosts competition, while CoreWeave (+167%) and Palantir (+59%) lead gains. Apple lags, down 19%. Microsoft, Meta, and Nvidia remain focal as enterprise AI spend shifts from hype to deployment.
🪙 Crypto
Smaller Banks Confront Crypto Risks as Bitcoin Hits $109K
Bitcoin reached an all-time high of $109,500, prompting urgent decisions for small banks. Lacking big-bank resources, they risk losing deposits to stablecoins and FinTechs but may offset this via partnerships, custodial services, and crypto education initiatives.
🌎 Global Economy
G7 Targets Economic Imbalances, Eyes More Russia Sanctions
G7 finance leaders pledged to address 'excessive imbalances' and discussed tighter sanctions on Russia, including adjusting the oil price cap. The communique emphasized curbing non-market practices—implicitly targeting China—and boosting supply chain resilience.
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