📈 Stocks / Finance

Tesla Builds New Base as Ark Invest Buys 60K Shares

Investor’s Business Daily

Tesla stock formed a new base with a 367.71 buy point as Cathie Wood's ARK ETFs bought nearly 60K shares. Musk hinted at xAI integration and an 'epic demo' by year-end. TSLA rose 1% to 316.90 Monday, up 33% since April 22 but down 21% YTD.

Boeing Gains as Crash Report Clears Fault

Investor’s Business Daily

Boeing stock rose over 1% after a preliminary Air India crash report found no fault with the 787. Bernstein, Citi, and Susquehanna raised price targets to $282, $270, and $265 respectively, citing defense strength and improving commercial operations.

Best Buy Drops After Piper Sandler Downgrade

Yahoo Finance

Best Buy shares fell 3.1% after Piper Sandler downgraded the stock to 'Neutral' from 'Overweight' and cut its price target to $75. Analyst Peter Keith cited a 'lack of meaningful catalysts' and growing competition in appliances and TVs. BBY is down 18.1% YTD.

🪙 Crypto

House to Vote on Stablecoin Regulation via GENIUS Act

CNBC

The House is set to vote on the GENIUS Act, which would regulate the $238B stablecoin market. The bill, backed by Trump and already Senate-approved, would enable banks to issue stablecoins, potentially boosting USD dominance and reshaping digital payments.

🌎 Global Economy

Global Markets React Cautiously to New Tariffs

London Loves Business

Markets showed muted reactions to fresh U.S. tariffs on key partners, including a 50% copper import duty. Europe gained on trade hopes, China rose on deflation-driven stimulus bets, while Japan slipped amid tariff risks. Diverging inflation and soft data keep policy paths uncertain.