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Tesla Slumps 3.55% Amid Musk’s Anti-Spending Bill Rants

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

 📈 Stocks / Finance

Tesla Slumps 3.55% Amid Musk’s Anti-Spending Bill Rants

Tesla shares fell 3.55% after Elon Musk’s repeated online attacks on a GOP-backed spending bill, warning it would ‘bankrupt America.’ Mixed global sales added pressure, with UK May registrations down 45% and EU demand continuing to weaken.

JPMorgan Raises Targets on Amazon, Meta After Tariff Deal

JPMorgan raised Amazon’s price target to 240 and Meta’s to 735, citing tariff relief, stable macro trends, and strong core businesses. Meta gained 3.2% to 687.95; Amazon rose 1% to 207.23. Meta leads 2025 gains among the Magnificent Seven stocks.

Dow dips as weak ADP data fuels rate cut speculation

The Dow fell 91.90 points to 42,427.74, breaking a four-day win streak, after ADP reported only 37,000 private payroll additions in May—well below forecasts. The data raised recession concerns and renewed calls for Fed rate cuts amid ongoing tariff uncertainty.

🪙 Crypto

Using ChatGPT to Decode Crypto News for Trade Signals

Traders are leveraging ChatGPT to generate crypto trade signals from headlines. Effective prompts and context-aware follow-ups boost accuracy. While AI insights aid decision-making, experts stress cross-checking with charts and managing risks to avoid overreliance.

🌎 Global Economy

Tariff Uncertainty Threatens Global Growth Recovery

Trump’s broad tariffs and unstable trade policy could drag global growth to pandemic-era lows, the OECD warned. Q1 growth among tracked nations fell to 0.1%, with forecasted slowdowns driven by legal limbo, business hesitation, and disrupted supply chains.

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