Fed's Dudley: Skeptical US has much need for crypto currencies

VGSH yields 3.96% with low risk, while SMB offers tax-free income but a lower 2.69% yield.

Google's AI efficiency sparks chip sell-off; Sandisk drops 8%, ALGM down 4% but still up YTD.

Morgan Stanley delays Fed rate cut calls to September and December, citing inflation risks from tariffs and oil. The bank says the Fed needs more time to confirm disinflation, as markets scale back expectations for near-term easing.

Wall Street bonuses hit $246.9K, up 6%, fueled by 30% profit surge. Risks loom from geopolitics.

Iran signals openness to Spain-linked Hormuz transit, allowing “non-hostile vessels” with coordination. Limited impact given Spain’s small fleet, though selective easing may marginally ease oil supply fears.

Memory chip stocks like AMD tumble 7.2% on AI efficiency news; is it a buy opportunity?

Iran war fuels oil surge, gas prices jump $1/gal. CA hits $5.83, OK at $3.26.