BREAKING: 🚨🚨 President Trump says it is his "great honor" to raise tariffs on both steel and aluminum from 25% to 50% beginning on June 4th.

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🚨🚨🚨 Builder.ai, once worth $1.5 billion, collapsed after it was exposed for faking its AI.

The company claimed to use advanced AI, but instead hired human developers in India to write code manually.

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📊 Market Overview:

SPX: $5911
NASDAQ: $19113
DXY: $99

Gold: $3288
Silver: $32
Bitcoin: $104014

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🇺🇸🇪🇺 European Union says they "strongly regret" the announced increase of US steel tariffs to 50% and "countermeasures" are being prepared.

The EU says the tariff increase "undermines" ongoing efforts to reach a trade deal.

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🇨🇳🇺🇸 China warns the US to "not play with fire" over Taiwan.

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🇲🇽 Mexico's 3rd richest man Ricardo Salinas Pliego says he's considering putting 100% of his portfolio into BTC.

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🚨 META shareholders reject BTC Treasury proposal and call it unnecessary.

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🚨🚨 United Kingdom has passed China as the 2nd largest holder of U.S. Treasuries for the first time in 25 years

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🇯🇵 Japan develops universal artificial blood compatible with all blood types.

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🇨🇳 China says the US is the "biggest threat" to regional peace and stability.

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🇯🇵 Japanese Stocks just saw a weekly outflow of almost $12 Billion, the largest in history

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⚡️ MrBeast has hit 400 million subscribers on YouTube

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🇺🇸 Trump says nation would be hostage if courts rule against tariffs

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📊 Key Events This Week:

1. May ISM Manufacturing PMI data - Monday

2. Fed Chair Powell Speaks - Monday

3. April JOLTS Job Openings data - Tuesday

4. May ADP Nonfarm Employment data - Wednesday

5. Initial Jobless Claims data - Thursday

6. May Jobs Report data - Friday

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🇺🇸 US spot Bitcoin ETFs bought 50,362 $BTC in May, bringing a total of 1,205,626 $BTC held by US ETFs.

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BREAKING: 🚨🚨 The Bank of Japan's unrealized losses from government bonds hit a record $198 billion in Fiscal Year 2024.

Paper losses have tripled from the previous year’s ~$66 billion.

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BREAKING: 🚨🚨 Gold prices surge above $3400/oz as markets react to rising geopolitical tensions between Russia and Ukraine.

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🇬🇧 Prime Minister Starmer declares the United Kingdom is moving to "war-fighting readiness."

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🇺🇸 US extends tariff pause on select Chinese goods to August 31.

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🇺🇸 Treasury Secretary Bessent says the U.S. will "never default" on its $36 trillion debt.

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⚡️ Elon Musk announced launch of 𝕏 Chat with 'Bitcoin style' encryption!

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