🔴 XAI AND PALANTIR PARTNER TO ACCELERATE AI IN FINANCIAL SERVICES
▶️ xAI has partnered with Palantir to drive AI adoption in the financial services sector, focusing on developing AI-driven solutions for businesses. The partnership, unveiled on May 6, extends an earlier collaboration with TWG Global. The collaboration aims to implement AI to enhance growth and operational efficiency, especially in the financial sector, by using "modular AI agents" tailored to specific business needs. AI’s integration at the C-suite level is key to its success, according to both companies, as they seek to unlock AI’s full potential in financial operations. Source: PYMNTS thru Mario Nawfal
Ships sailing from China to US hits 2 week high.
But Long Beach was supposed to be a ghost port... @zerohedge
Here's an intraday composite of the S&P 500's action on the last eight Fed Days
Bulls will be rooting for a reversal of this trend today. Source: Bespoke
Rising smoke is coming out from Bundestag (image courtesy from HolgerZ on X))
German Lawmakers back CDU/CSU's Merz in 2nd Bundestag vote w/325 votes out of 630 lawmakers. ✔️ Friedrich Merz was elected as Germany’s chancellor in a second-round parliamentary vote on Tuesday, after failing to secure the necessary support earlier in the day. ✔️Merz needed at least 316 of the 630 members of parliament to vote in his favor. He received 325 votes. ✔️The German Dax stock market index pared losses after the result of the second vote
China is back buying gold
Source: zerohedge, Bloomberg
So far very few US earnings downgrades...
Source: GS, Ronnie Stoeferle @RonStoeferle
U.S. rejects Japan's exemption from "reciprocal" tariffs - Kyodo
▶️ The United States has refused Japan's full exemption from not only a 10 percent "reciprocal" tariff but a country-specific tariff in recent negotiations, sources close to the matter said Monday. ▶️ U.S. officials including Treasury Secretary Scott Bessent told Japan's top negotiator Ryosei Akazawa in their meeting in Washington last week that the administration of President Donald Trump intends to put only a cut in the 14 percent country-specific tariff, suspended through early July, on the negotiating table, the sources said. ▶️ The U.S. side stressed in the second round of the negotiations that it will only consider extending the 90-day suspension or lowering the 14 percent tariff depending on the progress of their talks, according to the sources.
The recent outperformance of european vs. US equities in context
Source: Michel A.Arouet, @Augur Infinity
