B↑2📆 Markets
Indices recover from last week’s slump. Following the rebound on Wednesday from positive CPI readings, Big Tech continued to climb. $INTC jumped 9.3% on rumors that a takeover could take place. As $BTC ascends to $105k, $MSTR gained 8%. Meanwhile Trump launched a Trump-branded meme coin that reached $5.5b. US10YR ended at 4.62%, at pre-PPI release levels.
B↑2📆 Headline Digest
• Bank of Japan Is Set to Raise Interest Rates, Trump Permitting
• Trump Considers Extension as TikTok Shutdown Deadline Approaches
Trump “most likely” to give 90-days for a deal. Perplexity submits bid.
• Plastic Surgery Boom Lures South Korea’s Overworked Doctors
Medical tourists reached 600k in 2023.
• Solana surges 12% on launch of Trump-themed meme coin, ether falls
• Trump launches his own $TRUMP meme coin, price soars overnight
• Ceasefire between Israel and Hamas will go into effect Sunday morning, officials say
Netanyahu says the country is treating the ceasefire as temporary and that he has Trump’s support.
• Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds
TDFs follow a glide path that determines the allocation between stocks and bonds over time. They are usually offered with low fees, especially in retirement plans. For example, a 2060 TDF is designed for individuals planning to retire in 2060. Lowering the minimum institutional investment amount enabled SMEs, previously using retail TDFs, to redeem and move to institutional TDFs with lower fees. This sudden redemption caused the remaining investors in retail TDFs to bear unexpected tax burdens.
• Trump flies on Air Force plane to Washington as Biden sticks to tradition
