Tesla Drops 6% Amid Musk–Trump Clash

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Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Tesla Drops 6% Amid Musk–Trump Clash

Tesla shares fell 6% to $298.50 after Elon Musk reignited a feud with President Trump over a GOP spending bill. Musk warned the bill would 'destroy millions of jobs' and floated forming a new party. Tesla is down 21% YTD; earnings are due Wednesday.

Netflix Trades at 45x Earnings, Raising Valuation Concerns

Netflix stock has nearly doubled in a year, trading at 45x forward earnings—its highest since 2021. Despite 14% expected revenue growth in 2025 and bullish analyst sentiment, the stock sits ~10% above consensus targets, fueling concerns of limited upside.

Nike Stock Rises 17% on Caitlin Clark Sneaker Buzz

Nike shares rose 3% Tuesday, extending a 17% gain since beating earnings last week. Jefferies cited surging demand for Caitlin Clark’s $190 sneakers, which sold out instantly. The firm sees upside as Nike targets women’s sportswear, with a $115 price target on the stock.

🪙 Crypto

First U.S. Staked Crypto ETF to Launch with Solana Exposure

BTC held on exchanges dropped to 14.5%, the lowest since 2018, signaling a potential supply shock as ETF-driven institutional demand rises. OTC balances also hit record lows. Bitcoin has held above $100K for 15+ days, supported by $4.7B in ETF inflows.

🌎 Global Economy

Citi Forecasts $58.6T Infrastructure Need, Pushes Real-Time Finance Shift

Citi projects $58.6T in global infrastructure demand over 15 years, advocating private capital and PPPs. Its reports highlight blockchain-based 24/7 finance via Citi Token Services, stressing tokenization, digital assets, and real-time treasury as pillars of a digital global economy.

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