📈 Stocks / Finance

Tesla's Market Cap Falls Below $1 Trillion as Stock Sinks

CNBC

Tesla shares fell over 8%, pushing its market cap below $1T and erasing postelection gains. The stock is down 25% YTD and 35% from its December peak. Weak Q4 earnings, declining sales, and disappointing autonomous driving updates in China contributed to the drop. Musk’s political ties and policy concerns add further pressure.

S&P 500 Slips Below 6,000 Amid Growth Concerns

Reuters

The S&P 500 lost its 6,000 level as fears of a slowing U.S. economy weighed on markets. The VIX surged past 20, and Treasury yields dropped to 2025 lows. Consumer confidence fell, with retail sales and business surveys showing weakness. Fed futures priced in rate cuts by July, while global markets diverged, with European equities outperforming.

Gold Pulls Back After Record High Amid Profit-Taking and Tariff Uncertainty

Reuters

Gold fell 1.4% to $2,909.59/oz after hitting a record $2,956.15, as investors took profits and braced for U.S. tariff risks. Speculators cut net long positions, and Fed rate expectations remain a headwind. Traders eye Friday’s PCE data for inflation cues, with gold’s dip seen as a buying opportunity.

🪙 Crypto

Bitcoin Drops Below $90K Amid ETF Outflows and Bybit Hack

PYMNTS

Bitcoin fell below $90K for the first time since November after a record $1.5B Bybit hack and weak regulatory signals. ETF outflows hit $644M, the largest since their launch. Optimism around the Trump administration's crypto stance has faded, with little policy progress beyond early appointments.

🌎 Global Economy

Global Economic Shifts: Tariffs, AI, and Inflation

McKinsey

McKinsey's latest report highlights diverging central bank policies, with the ECB cutting rates while the Fed holds steady. A $500B US AI initiative shook markets, and tariffs on China triggered retaliation. Inflation ticked up in developed markets, while China fought deflation. Global trade rose 0.4%, with ASEAN benefiting from US-China decoupling.

The AI Stock Poised to Soar Under Trump’s $500B Plan

Nvidia was a standout opportunity back in February 2019, delivering a massive 490% return.

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View Our Top Stock of 2025