#May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be
Morgan Stanley: Expects xAI's annual revenue to exceed $13 billion by 2029
PANews, June 7th news, according to TechinAisa, Morgan Stanley stated that it expects the total revenue of Elon Musk's AI startup xAI to reach $1 billion by the end of this year, and to exceed $13 billion by 2029. Additionally, Morgan Stanley also predicts that xAI's EBITDA may rise to $2.7 billion by 2027, and may rise to $13.1 billion by 2029. It is reported that xAI may invest $18 billion to expand its data centers and is seeking a new round of financing at a valuation of $113 billion.