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- Tesla Rises Ahead of Earnings Despite 40% YTD Drop
Tesla Rises Ahead of Earnings Despite 40% YTD Drop
5 articles I'm watching carefully
Tyler Dupont ![]() Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Tesla Rises Ahead of Earnings Despite 40% YTD Drop
Tesla shares rose nearly 5% Tuesday ahead of Q1 earnings, despite a 40% YTD decline. Deliveries fell to 336,681 units vs. 386,810 last year. Dan Ives warns of a 'code red situation' if Musk doesn't shift focus from politics back to the company.
Verizon Beats on Earnings Despite Subscriber Losses
Verizon posted Q1 earnings of $1.19 per share, beating forecasts of $1.15, with revenue up 1.5% to $33.5B. Despite strong wireless revenue, it lost 289K postpaid phone subscribers vs. 197K expected, driven by higher churn from price hikes.
Trump’s Fed attacks rattle U.S. markets
Trump’s renewed criticism of Fed Chair Powell sparked a 2.5% drop in major U.S. indexes and pushed the dollar to a 2-year low. Gold hit $3,500/oz, while Treasury yields climbed, reflecting investor concern over policy stability and inflation risks.
🪙 Crypto
Bitcoin reclaims $90K as dollar drops, stocks slide
Bitcoin surged past $90,000 for the first time since March, gaining over 7% in two days amid equity market turbulence and dollar weakness. ETFs saw $381.4M in inflows Monday. Analysts note decoupling from equities, with key resistance near $93,000–$95,900.
🌎 Global Economy
IMF warns of global slowdown from Trump tariffs and trade uncertainty
The IMF projects global growth will fall to 2.8% in 2025 due to Trump’s tariffs and rising economic uncertainty. U.S. GDP is expected to drop to 1.8%, with recession odds at 40%. Inflation could hit 4% as trade tensions weigh on investment and spending.