
Q1 earnings for the S&P 500 are in, and 61% of companies beat expected earnings for the quarter and some analysts expect this quarter’s index growth rate to hit almost 6%. Roaring Kitty, aka Keith Gill, is back in the news again after revealing earlier this month that he held up to $160.4 million worth of Gamestop stock. However, with a disappointing shareholder meeting and Q1 report, the Kitty’s abilities have been rendered inert. Three AI crypto platforms are merging under one token dubbed “ASI” in order to take on big tech’s monopoly over AI. One analyst estimated that AI and crypto could add $20 trillion to global GDP by 2030. The EU announced tariffs on Chinese EVs ranging from 17.4–38.1% , which could signal the beginning of a trade war between China. Elon Musk is getting a second chance to receive a multi-billion pay package, now $45 billion instead of $56 billion. Several key investors are backing Musk, as they want to hold onto him as CEO of Tesla.
Bulletin Brief:
Q1 S&P 500 (MB)
Roaring Kitty back again (CBNC)
AI and Crypto take on big tech (CD, MB)
EU tariffs Chinese EVs (BBC, MB)
Elon Musk pay package (MB)