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Wall Street is growing increasingly tense as budget negotiations in Congress stall over a familiar sticking point: SALT tax deductions. A group of Republican lawmakers from high-tax states is holding up the passage of President Donald Trump’s much-promoted federal budget plan, demanding more generous deductions for state and local taxes.
The delay comes despite Trump’s active behind-the-scenes involvement. What was once billed as a “big, beautiful budget bill” has now become mired in internal GOP conflict, casting doubt on the initial goal to pass it ahead of the Memorial Day weekend.

📉 Rising Deficit Fears Rattle Bond Market
Investors aren’t just watching — they’re reacting. The standoff has led to renewed concerns about U.S. fiscal policy, with fears mounting that if a deal does emerge, it may bring a heavy cost: another major increase in the already staggering $36 trillion national deficit.
Financial analysts warn that such a bill could flood the bond market with more government debt, raising yields and pushing borrowing costs higher. UBS strategist Solita Marcelli noted that the final version is likely to include multiple amendments but could still swell the deficit by trillions over the next decade. That would strain demand for Treasuries at a time when confidence is already shaky.
Economist Stephen Juneau of Bank of America warned of a “buyer’s strike” in the bond market, noting that more supply combined with fading demand could trigger a sharp rise in interest rates. That, in turn, could pressure the U.S. dollar and send equities lower — a cascade of effects that might outweigh any growth the bill is designed to stimulate.

📊 Markets React as Uncertainty Builds
Markets have already started to slip. On Tuesday, the S&P 500 ended a six-day winning streak, the Nasdaq posted its first loss in three sessions, and the Dow Jones dropped more than 100 points. Futures fell in early Wednesday trading, indicating continued volatility as traders brace for more uncertainty out of Washington.
The broader context doesn’t help: 30-year Treasury yields are hovering just below 5%, their highest level in years, and last week’s credit rating downgrade by Moody’s only adds to the pressure. Investors are becoming more cautious, and portfolios are being adjusted in real time as they await clarity.
Trump’s proposal may still pass in some revised form — but it’s clear that the path forward is increasingly fraught. Until Congress finds common ground on tax deductions, debt, and spending, Wall Street has little choice but to wait nervously. With no major economic reports due midweek, the spotlight remains fixed on Capitol Hill, where the stakes are rising with each passing hour.

#WallStreetNews , #stockmarket , #MarketVolatility , #worldnews

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Coinbase is facing a turbulent period. Its stock dropped sharply following revelations about a serious customer data breach and an ongoing investigation by the U.S. Securities and Exchange Commission (SEC), which is questioning the company’s previously reported user numbers.
According to Google Finance, Coinbase (COIN) shares fell by 7% after market close on May 15, ending the day at $244.

📊 SEC Investigates “Inflated” User Numbers
The SEC probe focuses on Coinbase’s 2021 claim that it had “over 100 million verified users,” a figure cited in marketing materials and IPO filings.
Coinbase has since stopped reporting this metric in 2022, replacing it with the more transparent figure of monthly transacting users.
Coinbase’s Chief Legal Officer Paul Grewal told :
“This is an investigation concerning data we stopped reporting two and a half years ago. Still, we remain committed to working with the SEC to bring this matter to a close.”

🔍 Investigation Continues Despite Dropped Lawsuit
Interestingly, the investigation continues even though the SEC dropped its 2023 lawsuit against Coinbase. The probe, which began during the Biden administration, has carried over into the Trump era.
To manage its legal response, Coinbase has hired the respected law firm Davis Polk & Wardwell.

🔐 Cyberattack and Extortion Attempt Shake Investor Confidence
Coinbase also announced that it had been targeted by an extortion attempt. Hackers demanded $20 million in exchange for not leaking customer data.
The breach reportedly involved foreign support staff, who misused their access to steal account information from a small group of users.
Coinbase refused to pay the ransom but pledged to compensate affected customers, estimating the costs of restitution and security measures at between $180 million and $400 million.

📉 Double Blow Hits Investors
The company is now dealing with a double blow: shaken investor confidence due to scrutinized past user data and renewed concerns over platform security. The combined impact of both events triggered a strong reaction on the stock market, sending Coinbase shares downward.

#coinbase , #cryptohacks , #SEC , #stockmarket , #CryptoSecurity

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Former President Donald Trump returned to the global investment scene with a clear message during a speech in Saudi Arabia:
“Financial markets are just getting started. From here, they will only go higher.”
And as he spoke to an international audience, Wall Street reacted instantly. Both S&P 500 and Nasdaq 100 surged, and Bitcoin stayed firmly above $100,000.

His words struck at the right moment — just as the global trade landscape began to shift.

📊 Markets Rebound: Crypto, Stocks, AI Chips
🔹 Nasdaq 100 jumped 1.6%, S&P 500 rose 0.72% — the first green close since late February.

🔹 Bitcoin remained strong above $100K for the second day in a row.

🔹 Total crypto market cap surpassed $3.5 trillion, its highest level since February 2.
Meanwhile, Nvidia announced a deal to deliver 18,000 AI chips to Saudi Arabia, sparking a rally in chip stocks:
Nvidia +5.6%Broadcom +4.9%AMD +4.1%

📉 But Not Everyone Benefited…
The Dow Jones dropped nearly 270 points, mainly due to an 18% plunge in UnitedHealth shares.

Still, tech giants like Apple, Amazon, and Disney continued their winning streaks.

🌍 What Boosted the Markets? Three Key Factors:
Temporary tariff relief between the U.S. and ChinaNew U.S.–U.K. customs agreementLower-than-expected April inflation
April’s Consumer Price Index (CPI) rose 2.3% YoY, below the forecast of 2.4%.

Core inflation (excluding food and energy) held steady at 2.8%.

These numbers calmed investor fears of overheating.

💼 Bonds and IPO Activity
U.S. Treasury yields fell:

🔹 10-year: 4.468%

🔹 2-year: 4.00%Trading platform eToro resumed its IPO plans (previously delayed due to tariffs), now targeting $52 per share with Nasdaq ticker ETOR.

🔮 What’s Next? All Eyes on Economic Data
Coming Thursday, the U.S. government is set to release:
Producer Price Index (PPI)Retail Sales Data
These reports will show how the U.S. economy is handling tariffs, inflation, and shifting global trade policies.

🧠 One-Minute Recap:
Trump’s bullish market comment came at just the right time — combined with trade deal optimism and soft inflation numbers, it fueled a surge across stocks and crypto.

Tech stocks and Bitcoin kept climbing. For now, markets seem to agree: Trump’s optimism may be more than just talk.

#TRUMP , #stockmarket , #CryptoMarkets , #bitcoin , #globaleconomy

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“