Wednesday, June 4, 2025

Focus

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

Cryptocurrency Soars Past $111K, Driven by Policy Tailwinds and Institutional Demand

Bitcoin hits a new all-time high of over $111,000, driven by regulatory optimism and institutional interest amid market divergence.

Jony Ive Joins OpenAI in $6.4B Deal to Shape AI Hardware Future

OpenAI plans to acquire AI startup io for $6.4 billion, marking its largest M&A deal and expanding into hardware with Jony Ive's leadership.

Elon Musk Signals Shift Away From Political Role to Prioritize Tesla

Elon Musk will focus on Tesla management, reducing political activities after backlash, while confirming his CEO role for five more years.

China Imposes 75% Tariff on U.S. Plastic Imports Amid Trade Tensions

China imposes 75% anti-dumping tariffs on U.S. industrial plastics, escalating trade tensions amid a temporary truce with the U.S.

Shockwaves in Finance: U.S. Credit Rating Slips from Aaa to Aa1

South Korea's finance ministry reviews market impact after U.S. credit downgrade, noting potential volatility amid ongoing uncertainties.

Powell Just Compared Today’s Risks to the 1970s Oil Crisis

Jerome Powell warns of prolonged high-interest rates, linking them to Trump's tariffs and potential supply shocks impacting the economy.

Mexico Decries U.S. Livestock Ban as Unilateral and Unjustified

The U.S. halts cattle imports from Mexico to prevent New World Screwworm spread, prompting criticism from Mexican officials.