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Trump: The nation will face serious consequences if this legislation isn’t passed, including a 65% tax increase. While Democrats will be held responsible, that won’t benefit our supporters. We don’t need “grandstanders” among Republicans—stop the talk and take action!
❣️STOCK FUTURES CLIMB AS S&P 500 LOOKS TO STRETCH WINNING STREAK TO FIVE SESSIONS
Stock futures edged higher early Friday as the S&P 500 came off a four-day rally, driven by recent temporary tariff reductions between the U.S. and China and positive inflation data.
🫴Dow Jones Industrial Average futures increased by 111 points, or 0.3%.
🫴Both S&P 500 futures and Nasdaq-100 futures advanced by 0.2%.
BARCLAYS NO LONGER EXPECTS US RECESSION, BOOSTS GROWTH OUTLOOK FOR US AND EUROZONE
Barclays has updated its outlook for the US economy, no longer anticipating the recession it once forecasted for later this year. This adjustment comes as the bank cites improving trade relations between the US and China.
Barclays analysts are now projecting US GDP to expand by 0.5% in 2025, a notable change from their earlier expectation of a 0.3% decline. Additionally, the growth forecast for 2026 has been nudged up to 1.6%, compared to the previous estimate of 1.5%. #EthereumSecurityInitiative #MastercardStablecoinCards $BTC $ETH $XRP
CHINA MAINTAINS RESTRICTIONS ON RARE EARTH METALS DESPITE EASING SOME U.S. EXPORT CURBS
China has temporarily lifted export bans affecting 28 U.S. companies following the trade agreement reached with the Trump administration over the weekend in Switzerland.
However, China continues to enforce a ban on the export of seven rare earth metals to the United States—materials crucial for American defense, energy, and automotive sectors.
The official trade statement from Geneva notes that China has committed to “take all necessary administrative steps to suspend or eliminate the non-tariff countermeasures imposed on the United States since April 2, 2025.”
These non-tariff measures include the restrictions on rare earth metal exports.
When questioned about these controls at a regular press briefing on Thursday, a spokesperson from China’s Ministry of Commerce stated there were no updates available.
Back on April 4, China had introduced a set of retaliatory actions in response to President Donald Trump’s tariffs, which included export bans on seven rare earth elements: samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium.
S&P 500 CLIMBS FOR A FOURTH CONSECUTIVE DAY, DOW GAINS 140 POINTS
The S&P 500 notched its fourth day of gains on Thursday, extending its strong performance this week following a temporary pause in the ongoing tariff conflict between the Trump administration and China.
WHITE HOUSE REVEALS AI DATA CAMPUS COLLABORATION WITH THE UAE
The United States and the United Arab Emirates are joining forces to develop a large-scale artificial intelligence campus, described as the biggest facility of its kind outside the U.S., according to an announcement from the White House on Thursday.
The data center, to be located in Abu Dhabi, will be constructed by the Emirati company G42, working alongside multiple American firms, as detailed in a statement from the Department of Commerce. The project is set to have a capacity of 5 gigawatts and span 10 square miles.
The specific U.S. companies involved have not been named.
“In the UAE, American firms will run the data centers and provide U.S.-managed cloud services across the region,” Commerce Secretary Howard Lutnik stated in the release. “The agreement also includes robust security measures to prevent any unauthorized transfer of U.S. technology.”
This partnership was announced during President Donald Trump’s visit to the UAE, part of a wider Middle East tour where he met with regional leaders and unveiled several new agreements.
TRUMP’S DEALS HELP NVIDIA JOIN THE ‘MAGNIFICENT SEVEN’ STOCKS RECOVERING LOSSES
The “Magnificent Seven” stocks — which include Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla — were a major force behind the S&P 500’s impressive 23.31% rise in 2024.
However, these stocks were also among the most affected by President Donald Trump’s tariffs. Companies with a strong dependence on global supply chains and exports, like Apple and Nvidia, experienced the greatest setbacks. Meanwhile, firms such as Meta and Microsoft, whose revenues are more focused on digital services like advertising and enterprise software, managed to see their shares climb this year.
On Wednesday, Nvidia became the third member of the Magnificent Seven, alongside Meta and Microsoft, to post gains for the year so far. This is notable because Nvidia, as a chipmaker, deals in tangible goods that are typically more exposed to trade restrictions.
Nvidia’s rebound points to a more favorable business climate created by Trump’s tariff negotiations and broader international relationships, such as those being developed with Saudi Arabia during his state visit. Still, the situation highlights the ongoing market volatility in 2024, as the momentum that fueled this year’s strong rally could quickly fade, particularly around events like Trump’s “Liberation Day.”
OIL PRICES IN 2025 AND 2026 MAY SEE UPSIDE RISKS, SAYS MAJOR US BANK
A leading US investment bank stated on Tuesday that crude oil prices could face upward pressure in both 2025 and 2026, citing the recent improvement in trade relations between the United States and China.
According to the bank's estimates, these positive developments might boost oil prices by $3 to $4 per barrel by the end of this year, compared to its current projections—$60 per barrel for Brent and $56 per barrel for US crude oil in 2025, and $56 and $52 per barrel, respectively, in 2026.
These revised forecasts follow the announcement by the US and China—who are the world’s top oil consumers and importers—that they have agreed to a 90-day freeze on new tariffs after talks held in Geneva over the weekend.
The US said it would lower tariffs on Chinese goods from 145% to 30%, while China committed to reducing its tariffs on US products from 125% to 10%.
🫴CITIGROUP CUTS GOLD PRICE FORECAST, SEES PRICES STABILIZING AT CURRENT LEVELS
Citigroup has revised its gold price outlook for the upcoming three months, now projecting a target of $3,150 per ounce—lower than its earlier forecast. This adjustment suggests the bank anticipates gold prices will consolidate after recent advances.
Analysts at the American bank currently expect gold prices to fluctuate between $3,000 and $3,300 per ounce in the short term. Previously, Citigroup’s forecast called for gold to reach $3,500 per ounce within the next three months. #TradeLessons #NewsTrade #TrumpTariffs #TradeWarEases
FITCH CAUTIONS: EASING US-CHINA TENSIONS DOES NOT LOWER GLOBAL RISKS
Fitch Ratings highlighted in a report on Tuesday that recent improvements in US-China trade relations should not be mistaken for a full return to "normal" interactions between the two nations.
Fitch noted that without a lasting agreement, there is still uncertainty about where tariffs will ultimately settle, as well as ongoing effects from current tariffs—both of which are significant to the broader economic outlook.
The reduction in tensions follows a spike in import activity ahead of expected tariff hikes, which contributed to a 0.3% decline in US GDP in the first quarter.
Even though some tariff reductions could soften economic consequences, global trade flows and supply chains continue to face risks.
GOLD SLIPS AS REDUCED US-CHINA TRADE RISKS DIMINISH SAFE-HAVEN APPEAL
Gold declined on Wednesday as the easing of U.S.-China trade tensions decreased demand for safe-haven assets. Meanwhile, investors are watching for new inflation data to better gauge the Federal Reserve's next moves.
TRUMP ADDRESSES MEDIA FOLLOWING WHITE HOUSE ANNOUNCEMENT OF $600 BILLION SAUDI INVESTMENT IN U.S.
On Tuesday, President Donald Trump is scheduled to make a statement after the White House revealed that Saudi Arabia has pledged $600 billion for a range of agreements with the United States.
Trump’s remarks come after his attendance at a U.S.-Saudi investment forum in Riyadh and a meeting with Saudi Crown Prince Mohammed bin Salman.
One of the major deals includes almost $142 billion in defense sales, which will provide Saudi Arabia with state-of-the-art military equipment and services from more than a dozen American defense companies, according to the White House.
This defense deal represents nearly twice the size of Saudi Arabia’s 2025 defense budget, which was $78 billion. The White House did not specify when the defense agreement is expected to be finalized. #TradeWarEases #TradeLessons #TradeStories #StrategyTrade