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NASDAQ 100 Futures Drop 1% as April CPI Edges Above Forecast
US April inflation data came in slightly above expectations, triggering a selloff in tech stocks and global markets.
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US Supercore Inflation Edges Up to 3.5%, Keeping Pressure on the Fed
The US supercore CPI rose to 3.5% year over year in April, signaling persistent inflation and delaying potential Fed rate cuts.
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Citigroup Boosts Bitcoin Bet with $41.2 Million Stake in Strategy
Citigroup acquires 723,016 shares of Strategy, gaining indirect Bitcoin exposure. Wall Street giants increasingly favor corporate proxies over direct crypto holdings.
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Nvidia Hits $5.4T Market Cap Despite Losing All China Revenue
Nvidia's market cap reaches $5.4 trillion, even with zero China revenue due to US export controls.
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Retail Traders Pile Into Tech Calls at Highest Level Since 2021
Cboe reports aggressive retail call buying on Mag 10 stocks, with 52% of new positions bullish, signaling renewed AI trade momentum.
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BOJ's Masu Joins Hawkish Push for Early Rate Hike
Bank of Japan board member Kazuyuki Masu calls for raising rates as soon as possible, signaling a potential June hike amid rising inflation from Middle East war energy costs.
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MSCI Strikes Again: 6 Indonesian Stocks Cut, Market Slumps
MSCI removes six companies from its Indonesia index, citing governance and transparency issues, sparking a market decline and investor concerns.
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Cerebras Prices IPO at $185, Raising $5.5 Billion in Largest Tech Debut in Years
AI chipmaker Cerebras Systems prices IPO at $185 per share, raising $5.5 billion. The offering marks the biggest tech IPO since 2019, giving the company a $56.4 billion market cap.