Financial World Updates
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๐Ÿšจ๐Ÿšจ๐Ÿšจ Tesla, Inc. is preparing to lay off 693 workers at its Sparks, Nevada ๐Ÿ‡บ๐Ÿ‡ธlocation, according to a government filing on April 27.

The downsizing effort represents more than 10% of its total workforce around the world & comes in response to declining sales and increased competition within the electric vehicle market.

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๐Ÿšจ๐Ÿšจ Stock Market hits highest market concentration since the Great Depression

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๐Ÿ‡บ๐Ÿ‡ธ Alphabet Closes Above $2 Trillion Market Cap for the First Time

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๐Ÿ‡บ๐Ÿ‡ธ Donald Trump's allies plan to reduce the Federal Reserve's independence if he wins 2024 election - Wall Street Journal

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๐Ÿ‡จ๐Ÿ‡ณ China's ๐Ÿ‡บ๐Ÿ‡ธ U.S. Treasury holdings have fallen to their lowest level in 15 years ๐Ÿ“‰๐Ÿ“‰

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๐Ÿ“ฃ Nvidia $NVDA CEO Jensen Huang:

โ€œWe have reinvented computing for the first time since IBM system 360"

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๐Ÿ‡บ๐Ÿ‡ธ The United States dollar has lost over 25% of its purchasing power since January, 2020

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๐Ÿ‡ง๐Ÿ‡ด Bolivia wants to join BRICS in 2024.

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๐Ÿ‡บ๐Ÿ‡ธ Top 1% of U.S. earners now have more wealth than the entire middle class

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๐ŸŒ BRICS Conducts $260 Billion in Trade Settlements Without the ๐Ÿ‡บ๐Ÿ‡ธ US Dollar

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๐Ÿ‡จ๐Ÿ‡ณElon Musk meet China's Premier Li Qiang in unannounced China trip.

Elon Musk wants to rollout Tesla self-driving software and also get permission to transfer Tesla data overseas to train ai models.

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๐Ÿ“Š Key Events This Week (Happy Fed Week!):

1. CB Consumer Confidence data - Tuesday

2. JOLTs Jobs data - Wednesday

3. Fed Interest Rate Decision - Wednesday

4. ISM Non-Manufacturing PMI data - Friday

5. April Jobs Report data - Friday

6. ~20% of S&P 500 companies report earnings

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๐Ÿ‡บ๐Ÿ‡ธ S&P 500's Top 10 Companies account for 34% of the index's market cap, an ALL-TIME HIGH

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๐Ÿ“ฃ Robotaxis will generate 8-10 Trillion in revenues in 2030, half of which will go to platforms like Tesla $TSLA says Cathie Wood

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๐Ÿ‡บ๐Ÿ‡ธ CNN POLL:

โ€” President Trump leads Biden 49% to 43% in a two-way race.

โ€” President Trump leads Biden 42% to 33% including third party candidates.

โ€” 55% say the Trump presidency was a success. 39% say the Biden presidency is a success.

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๐Ÿ”ฅ JUST IN : #OpenAI and Financial Times ๐Ÿ“ฐ sign content deal allowing ai models to be trained on the newspaper's archived content.

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๐Ÿ‡บ๐Ÿ‡ธ X/Twitter will become a full-service financial services app as it now has money transfer licenses in 25 U.S. states

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๐Ÿ‡ธ๐Ÿ‡ช Sweden's economy has now been in recession 4 quarters in a row.

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