Analytics and financial news, US company reports, stock markets, Amazon, Fed, yen, oil

• Stocks initially rose yesterday in response to the Fed's decision, but after Powell's press conference they regained all of their gains. And in the end we ended the day neutral. The main disadvantage was formed in semiconductors, payment systems and oil. Many industrial stocks also traded weakly.

• Yesterday, oil prices fell noticeably, forming a short-term downward trend. A strong dollar, signs of weak demand, U.S. oil inventories rising to their highest level since June and easing tensions in the Middle East are all helping to tame inflation pressures.

• In the morning, futures for stock indexes are growing within 1%.

• Japan is neutral, Hong Kong is growing by 2%.

• The dollar fell yesterday, helping push gold back above $2,300. The yen is trading around 156.

• AAPL will report today after market close. And at 15-30 weekly data on the labor market is interesting.

• The Fed, as expected, kept the discount rate unchanged. And even more than expected, the rate of sales of government bonds began to slow down from $60 to $25 billion per month (expected $30 billion). And reinvest the money from paying off mortgage securities in US government bonds.

• Reuters - Tesla has abandoned an ambitious innovation plan for gigacasting, its pioneering manufacturing process. It's another sign that the electric vehicle maker is cutting costs amid falling sales and growing competition.

• Amazon: Q1 report better than expected. Shares rose 2%.
Revenue: $143.3 billion (+13% YoY, -15.7% QoQ)
Profit: $10.4 billion ($3.2 billion in Q1 2023, $10.6 billion in Q4 2023)
AWS revenue (web ) service): $25 billion (+17.1% YoY, +3.3% QoQ)
The combination of companies' efforts to modernize infrastructure and the attractiveness of AWS's AI capabilities is helping to accelerate AWS's growth rate (now $100 billion in annual revenue). Amazon says its costs will increase "significantly" this year due to AI and cloud technologies. AWS's growth should ease concerns about Amazon's larger competitors. AMZN's advertising business is growing rapidly. Google shareholders are tense.

• Starbucks (SBUX) shares fell 16%. It was the worst day for coffee stocks since 2000.

• AMD shares fell 9%. Good reporting may not be enough for artificial intelligence investors after AMD shares rose more than 70% over the past year.

• Super Micro Computer (SMCI) shares (up more than 700% in the last year) are down 14%. The company reported quarterly revenue of $3.85 billion. That fell short of Wall Street estimates of $3.95 billion, but still represented about 200% year-over-year growth.

• CVS Health (CVS) shares fell 17%, the most in nine years. The company cut its full-year profit forecast for the second quarter in a row, citing higher health care costs in its Medicare insurance business.

• BlackRock's BUIDL reached $375 million in assets under management, beating Franklin Templeton's online mutual fund FOBXX by nearly $7 million. FOBXX is a US-registered mutual fund using the Polygon and Stellar blockchain.

• Reservations for space flights have opened on the official website of SpaceX.
There are only four directions:
- Earth orbit,
- International Space Station,
- Moon,
- Mars.
Flights will be carried out on Dragon and Starship ships. Prices are not indicated, but you can click on the “Join A Mission” button and leave a request. Are we flying?

• Japan is already testing the 6G network - the data transfer speed is 100 gigabits per second. All thanks to ultra-high frequencies from 100 GHz to 300 GHz, but speed comes at the expense of range - data can be transmitted over a distance of 100 meters. For comparison, the maximum achieved speed for a 5G network is 4.9 gigabits per second.

• Donald Trump purchased additional shares of Trump Media worth $1.8 billion.

• Binance processed $8 billion worth of Iranian transactions despite US sanctions - Reuters.

• BTC fell to $57 thousand. BTC lost -16% in April - the worst month since November 2022 (when FTX collapsed).
James Seyffart on Hong Kong ETFs:
The $12.7 million in trading volume recorded in the Hong Kong spot BTC and ETH ETFs is a huge success for the Asian region.
BTC - trading volume $9.7 million, ETH - trading volume $3 million.

• FT: Apple is poaching AI experts from Google (priority) and other companies and has set up a “secret” laboratory in Zurich.

• The Bank of Japan spent $35 billion on currency intervention on Monday. The effect was rather psychological. Slow down the rate of yen devaluation.

• BBVA is negotiating a €70 billion merger with Sabadell. BBVA shares reacted by falling 7%, while Sabadell shares rose 3%.

• Google is laying off 200+ engineers - CNBC.

• Amazon-backed Anthropic launches iPhone app. Competition with ChatGPT and Microsoft is growing. Consumers win.

• Block (SQ) shares fell 8%.

• Federal prosecutors are examining the company's financial dealings.
The focus is on transactions involving sanctioned countries, as well as cryptocurrency transactions for terrorist groups.