📈 Art of the Fold

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Good morning!

Markets rally, Musk pivots, Bitcoin blasts past $93K, and Xiaomi hits the brakes. In today’s edition: Wall Street gets a jolt of relief, Tesla surprises despite a brutal quarter, crypto rides tariff optimism, and a fatal crash stalls Xiaomi’s EV push.

Grab your flat white and let’s break it down ☕️👇️ 

Markets

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📈 Dow, S&P 500, Nasdaq futures jump as Trump says he has 'no intention' of firing Powell
Markets popped off this morning after President Trump dialed back tension with Fed Chair Jerome Powell, saying he never planned to fire him. Wall Street took a deep breath, and then rallied.

• Dow futures climbed 1.4%

• S&P 500 rose 1.8%

• Nasdaq led the charge with a 2% jump

Trump still wants lower interest rates but struck a calmer tone, easing investor fears about political pressure on the Fed.

🔋 Tesla Stock Gains Despite a 71% Drop in Profit
Tesla just posted a rough quarter, but the stock’s up anyway. Net income cratered 71% to $409 million, missing on all fronts. Yet shares jumped 5% in pre-market trading.

Why? Two words: Musk’s pivot. He’s backing off the quirky government side hustle (DOGE) and refocusing on Tesla. That, plus Trump easing Fed fears, gave bulls something to bullieve in.

🪙 Bitcoin Tops $93K as Trump's U.S-China Tariff Optimism Fuels Crypto Rally
Bitcoin blasted past $93K Tuesday as trade war tensions cooled. Optimism surged after President Trump hinted at major tariff cuts on China, calling the current 145% rate "unsustainable." The CoinDesk 20 Index jumped 7%, riding the wave of renewed risk appetite and hopes of U.S.-China de-escalation.

💀 Xiaomi Delays Release of First SUV After Fatal Road Accident
Xiaomi’s SUV debut just hit the brakes, hard. The tech giant is delaying the launch of its YU7 electric SUV after a tragic crash involving its SU7 sedan killed three women in China. With autopilot tech under fire and regulators circling, Xiaomi’s EV dreams take a hit, pushing back investor day and scrapping its Shanghai auto show reveal.

Quick News

• Software giant SAP’s shares surge 9.3% after first-quarter profit beat.

• Vibe coding helps Supabase nab $200M at $2B valuation just seven months after its last raise.

• AuthMind raises $19.3 million for identity protection.

• Tesla humanoid robot plan hampered by China rare earth curbs.

• BP shares jump 5% as activist investor Elliott discloses stake build.

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