📈 AAPL Hits All Time Highs

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Good Morning!

According to the NY Fed, the global supply chain pressures that have been helping to skyrocket inflation decided to take a breather in May. Apple stocks soared to all time highs as the world eagerly awaited their mixed reality Vision Pro headset, only to come crashing down when the jaw-dropping price tag was revealed.

The SEC just threw some punches in the crypto world by suing Coinbase and Binance, giving the industry a run for its digital money. We're also counting down the days until the next bitcoin halving event, where history suggests that the price of bitcoin goes on the up and up!

Oh, and one more thing before we dive in! If all this talk about the crypto world has piqued your curiosity and you're afraid of being left in the dust - We've got you covered with our free crypto newsletter:

Grab your almond milk matcha latte with a pump of vanilla syrup and let's get into it ☕👇

Markets

New York Fed says global supply chain pressures further abated in May (3 minute read)
That’s a lot of big words. On the surface, according to the NY Fed, supply chain pressures decided to put the breaks on in May. This is a big relief because those pressures were a major reason behind the skyrocketing inflation we've been dealing with lately. The latest data reveals that the Global Supply Chain Pressure Index dropped to -1.71, down from -1.35 in April. And get this: supply chain pressures were actually below average across all regions worldwide.

Investing

Apple Stock Hits All-Time High After Announcing Vision Pro (3 minute read)
Apple (AAPL) stocks hit the highest price ever in the company’s whopping 43-year history in anticipation of the upcoming mixed reality Vision Pro headset. Exciting stuff, right? Well, the tech giant burst everyone's bubble by revealing a $3,499 price tag for their latest product that was a bit weightier than expected. AAPL slid about 3% in the afternoon, leaving it below the $180 mark and ending the day with a not-so-great 0.8% loss.

US tightens crackdown on crypto with lawsuits against Coinbase, Binance (3 minute read)
The U.S. securities regulator is throwing some serious punches at the crypto world! First up, they sued Coinbase (COIN), one of the big shots in the cryptocurrency platform game. Bam! But they didn't stop there! They followed it up with another lawsuit the very next day, this time targeting Binance, the behemoth of all crypto exchanges. Wham! The Securities and Exchange Commission (SEC) means business, accusing Binance and its CEO of running a sneaky "web of deception."

Bitcoin Is Less Than a Year Away From a Much-Hyped Event That Has Historically Seen Its Price Soar (4 minute read)
The crypto market has been relatively calm this year, not causing as much chaos as it used to with its wild price swings. But here's some juicy info for you: we're less than a year away from an event called bitcoin halving! It's like a party that happens once every four years, where the amount of new bitcoins entering the market gets limited. Historical data suggests that bitcoin's price tends to rise leading up to and after this halving.

Money

The Risks Of Upgrading Homes Nobody Really Thinks About (11 minute read)
So, here's the deal: a lot of us are facing the classic "should I upgrade my humble abode or not?" conundrum. The thought of a potentially lucrative investment is just too hard to resist! If you pass it up, someone else will snatch it, and you'll be stuck with a major case of future regrets. Just because a property seems like a killer deal doesn't mean we should always go for it. The Financial Samurai weighs the pros and cons.

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