#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Trump advisor Sergio Gor allegedly facilitated Musk's break with NASA, with the personnel appointment becoming the last straw.
According to reports, Trump's personnel chief Sergio Gor may be a key figure in the rift between Trump and Musk. On the last day of Musk's tenure as a special government employee, Sergio Gor provided Trump with "dirt" on Jared Isaacman's donations to the Democrats. Isaacman is the nominee for NASA director strongly backed by Musk and is crucial to Musk's Mars colonization plans.
This is not a coincidence. According to insiders, Gor and Musk had disagreements over personnel appointments throughout the transition period. In March, Musk suspected that Gor leaked information about a cabinet meeting to The New York Times, further deteriorating their relationship. Insiders say Gor made it known that he wanted to take revenge on Musk.
According to reports, Sergio Gor is one of the most influential Trump advisors in the White House, and he co-founded Winning Team Publishing with Donald Trump Jr. The publishing house releases books by Trump and his allies and provided him with much-needed funding during his isolation after the January 6 Capitol riot.