Trump Signs Major Crypto Law, Nixes IRS Rule Targeting DeFi; China Imposes 125% Tariffs On US Goods, Urges Policy Reversal; Pentagon Slashes $5.1 Billion In Consulting Contracts - Top Headlines While the U.S. Slept

Crypto

• Did Elon Musk Just Lower DOGE’s $1 Trillion Savings Target To $150 Billion In A Second Revision Since Jan?
• Dogecoin Up 1%: Is This A ‘Healthy Bottom’?
• Trump Signs Landmark Crypto Law, Repeals Biden-Era IRS Rule Targeting DeFi Platforms
• Bitcoin’s Final Crash? Peter Schiff Predicts 2025 Crisis Will End What 2008 Created
• Bitcoin, Ethereum, Dogecoin Tumble As Trump Ups China Tariffs, Scraps IRS Rule In Nod To Crypto Voters: Rising Yuan Could Boost Altcoins, Says Analyst
• Ripple, SEC Move To End Legal Dispute As Both Sides Withdraw Appeals

US Markets­­­­­­­

• US Stocks Likely To Open Lower As Volatility Persists Before Bank Earnings: ‘Fed Is Likely To Cut Rates Again On June 18th,’ Says Expert
• Dow Tumbles Over 1,000 Points As Nvidia, Apple And Tesla Decline: Greed Index Remains In ‘Extreme Fear’ Zone

US Politics

• Over 6,000 Immigrants Declared Dead By Social Security In Effort To Revoke Benefits And Force ‘Self-Deportation’
• Federal Judge Clears Trump Plan Requiring Undocumented Immigrants To Register Or Face Penalties

World Politics

• Iran Signals Openness To Nuclear Talks With US, Warns Against Trump’s ‘Aggressive Theatrics’
• Xi Jinping Says ‘There Are No Winners In Tariff War’ As China Slaps 125% Tariffs On US Goods, Urges Trump To Immediately Correct ‘Wrongdoings’
• Xi Jinping Steering Clear Of Trump Negotiations To Avoid Political Backlash At Home, Says Expert: China ‘Doesn’t Have Any Cards In This’ Game

US Economy

• Housing Inflation Had Its Lowest Uptick In March But Is Now The Worst Time To Buy A House?
• Producer Inflation Cools Sharply In March, Yet Investors Show Muted Reaction
• Trump’s 25% Tariffs Could Cost Auto Companies $108 Billion: Report
• Howard Lutnick Defends Trump Tariffs Saying ‘Everybody Needs Our Economy’ — Especially China
• ‘There’ll Be A Transition Cost,’ Trump Says Amid Tariff Woes As Bessent Hints At Behind-The-Scenes Negotiations

World Economy

• China’s Retaliatory Tariff Hike Escalates Trade War, Gold Soars, Dollar Hits Two-Year Low – Global Markets Today While US Slept       
• Gold Soars Beyond $3,200, ETFs Achieve Record Inflows In Q1
• Gold Miners Rally As Bullion Hits $3,212: Trump Tariffs Fuel Over 20% Year-To-Date Surge Across Sector

Tech

• This Walmart Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday
• As Apple Sheds Over $500 Billion In Market Cap Since Trump’s ‘Liberation Day,’ Top Analysts Weigh In On Its Path Ahead
• Former OpenAI CTO Mira Murati Targets Record-Breaking $2 Billion Seed Round For New AI Startup
• New Intel CEO Lip-Bu Tan Linked To Hundreds Of Chinese Tech Firms, Including Companies Tied To China’s Military: Report
• Not All Of Mag 7, But A ‘Handful:’ F/m Investments Selectively Adds Apple, Meta After Trump’s Tariff Announcement
• Trump Tariff Turmoil Hits ValueAct’s Amazon Stake, But Well-Timed Salesforce Sell Pays Off
• Pentagon Slashes $5.1 Billion In Accenture, Deloitte, Booz Allen Contracts: ‘That’s A Lot Of Consulting’
• Meta, Google And Other Big US Tech Firms Could End Up Paying Up If Trump Tariff Talks Collapse, Warns European Commission President: ‘No Winners In This, Only Losers’
• Amazon CEO Andy Jassy Says Trump Tariff Costs Could Hit Consumers As Sellers Pass Them On, Working To Soften The Blow
• China’s $8.2 Billion Fund Targets AI Startups In The Race For Global Tech Leadership

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Electric Vehicle

• Lucid Wins Nikola Bankruptcy Auction, Buys Nikola Facilities for $30 Million To Boost US EV Production
• Europe, China Eye EV Price Pact To Avert Trump Tariff Escalation After Tesla CEO Elon Musk Pushes For Zero EU Tariffs Amid Declining Sales
• EV Sales Rise 10.6% Year-Over-Year In Q1 2025: Tesla Declines But Remains US Market Leader
• Tesla Unveils New Cybertruck Long Range Trim With A 362-Mile Range And Reduced Features

Consumer

• Top 2 Consumer Stocks That May Collapse This Quarter

Communication

• Hollywood Becomes Collateral Damage In Trump Tariff War As China Slashes Film Imports, Says US Actions Will Inevitably Reduce ‘Favorability’ Towards American Films
• Trump Shrugs Off China’s Cutback On US Films Amid Ongoing Tariff Tensions: ‘I’ve Heard Of Worse Things’
• TikTok E-Commerce Team Reportedly Hit With Layoffs Days After Trump’s ByteDance Deadline Reset

Industrial

• This Northrop Grumman Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Friday
• Top 3 Industrials Stocks That May Explode In April
• This Booz Allen Hamilton Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Healthcare

• Eli Lilly, AbbVie, Bristol Myers, Regeneron, And Other Pharma Companies Slide As Donald Trump Confirms Tariffs On Pharma Companies

Financial

• Wells Fargo Braces For Economic Slowdown In 2025, CEO Expects ‘Volatility And Uncertainty
• CrowdStrike, Robinhood, Palo Alto Networks And A Health Care Stock On CNBC’s ‘Final Trades’

General

• Gen Z Workers Hit Confidence Low Amid Layoffs, Stagnant Pay And Fierce Job Market
• Obama-Era Treasury Secretary Larry Summers Rejects China ‘Cheating’ At Trade Narrative: We Get EV Batteries For ‘Pieces Of Paper’ — It’s A Good Deal

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