📈 Would You Invest In A Soccer Team

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Good Morning!

Grab your BBQ tongs because Memorial Day has the U.S. stock market taking a break today. It’ll be back in action at 9:30 am sharp tomorrow, May 30th.

Now, let's talk electrifying news! Ford Motor Company just teamed up with Tesla, the electrifying pioneers. Ford-produced electric vehicles can now get their charge on at Tesla Supercharger stations.

American investment gurus, 777 Partners, might just be kicking their way into the UK soccer scene. Who needs regular stocks when you can invest in a whole soccer team, right?

Grab your triple-pump, half-decaf, no-foam, extra-whipped, unicorn frappuccino and let’s get into it ☕👇

Markets

Just a heads up, the U.S. stock market is taking a break on Monday, May 29, in observance of Memorial Day. Trading will resume at 9:30am tomorrow, May 30th.

Investors have been on the edge of their seats, engrossed in what's happening with the U.S. debt-ceiling drama. But hey, things seem to be looking up a bit. Talks in Washington have shown some promise, indicating that an agreement might just be around the corner to save us from a disastrous default situation. Phew!

Now, when it comes to trading, it's been quite a roller coaster ride for U.S. debt, especially those short-term Treasury bills. You see, there's this June 1 "X-date" that everyone's talking about, which is when Treasury Secretary Janet predicts that the government might run out of cash to pay its bills.

Investing

Ford's huge deal with Tesla (5 minute read)
Ford Motor Company (F) struck an electric deal with Tesla (TLSA) - Ford-produced electric vehicles will now be able to charge up at Tesla Supercharger stations in the U.S. and Canada. Talk about convenience! The agreement is scheduled to kick in during the spring of 2024, so we'll have to wait a bit, but hey, good things are worth the wait, right? Tesla shares got a nice little boost too, jumping up by 4.7% after this electrifying news. Ford was also up by 6.2%.

American Investment fund consider UK Soccer investments (3 minute read)
American investment fund, 777 Partners, are considering throwing their hat in the ring for UK soccer team, Sheffield United, the newbies of the Premier League! Prince Abdullah, the current owner, is ready to wave goodbye to "The Blades" in the coming weeks if a decent offer slides into his inbox. Rumor has it, they've got both Sheffield United and West Ham United on their radar. 

S. Korea aims to become world's largest arms dealer (2 minute read)
South Korea is on a mission to become a heavyweight in the global weapons market. They're all fired up to satisfy Europe's insatiable appetite for arms. Picture this: down on the sunny southern coast, factories are buzzing with activity. Robots are cranking out some serious artillery, all geared up for Poland. And who's running the show? Hanwha Aerospace, the reigning champs of howitzer production worldwide! With the constant tensions brewing with North Korea, South Korea's arms game is always in high gear.

Money

Here’s How Much the Average American Has in Their 401(k) (7 minute read)
If you're dreaming of nailing those retirement savings goals, you gotta whip out your secret weapon: a tax-advantaged account, like the mighty 401(k). How are our fellow Americans doing on their 401(k) journeys? Let's take a sneak peek at the average 401(k) balance and we’ll even sprinkle in some tips on how to boost that baby up.

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