🌍 US oil inventories have reported a decrease, with the EIA indicating crude stocks fell by 2.032 million barrels. This decline was greater than the expected drop of 1.7 million barrels and follows a previous reduction of 2.696 million barrels. For more details, visit the EIA report.
🇨🇳🇷🇺 Chinese President Xi Jinping has arrived in Russia for an official visit. The trip is expected to strengthen ties between the two nations and discuss various collaborative initiatives. As both countries navigate complex international relations, this meeting highlights their strategic partnership on global issues. Further details of the agenda are anticipated as discussions unfold.
✨ The demand for U.S. government bonds from digital assets is projected to reach $2 trillion, according to Bessent. This surge highlights the growing interest in stablecoins and their impact on the macroeconomic landscape. For more details, visit here.
🚀 David Bailey, former cryptocurrency advisor to Trump, has raised $300 million to launch a public cryptocurrency trading company, according to The Information.
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💥 Tether has printed 1 billion USDT. This move is significant in the cryptocurrency market, potentially impacting liquidity and trading dynamics. Investors and analysts will be closely monitoring the implications of this large issuance. For more details, visit Tether's official website.
🌪️ Meteorologists predict that tornadoes and whirlwinds will become a regular occurrence in Moscow this summer. As climate conditions change, residents may need to prepare for increasingly severe weather events. Stay informed and take necessary precautions to ensure safety during these unpredictable times.
📈 Russia's GDP growth in the first quarter, according to the Ministry of Economic Development, reached 2.3% when adjusted for calendar effects.
🚨 Ahead
Russia's consumer inflation (CPI) data will be released today at 19:00 Moscow time.
Russia's consumer inflation (CPI) data will be released today at 19:00 Moscow time.
✨ eToro's IPO sees significant oversubnoscription, indicating strong investor interest. The trading platform, known for its cryptocurrency services, has attracted considerable attention ahead of its public offering. With the growing trend in digital asset trading, eToro aims to capitalize on the increasing demand. For more details, visit eToro.
⚠️🇪🇺🇷🇺 The European Union is set to include 54 individuals, 14 companies, and 149 tankers in its 17th sanctions package against Russia, according to EUObserver.
🌍 A meeting with President Putin will significantly boost the development of Russian-Chinese relations, according to Xi Jinping. China and Russia will defend the international system based on global order and law, opposing hegemony and "power politics." For more details, visit ТАСС.
🇬🇧 ARM Holdings reported a fourth-quarter adjusted operating income of $655 million, exceeding estimates of $621.8 million. The company anticipates first-quarter revenue ranging from $1 billion to $1.1 billion, aligning with the estimated $1.1 billion.
⚠️🇺🇸 Berkshire Hathaway has consistently increased its cash reserves in the years leading up to crises and recessions. As of early May 2025, the company's cash balance reached a record $347.7 billion. Buffett stated that he does not foresee short-term buying opportunities, but there may be possibilities within the next five years, although this is not certain.
🇺🇸 Occidental Petroleum reported earnings per share (EPS) of $0.87, surpassing estimates of $0.76. However, the company's revenue reached $6.803 billion, falling short of the expected $6.91 billion. The results reflect the ongoing challenges in the energy sector. For more details, visit Oxy.