Key News
1. The US delegation participating in the Iran talks departed for Pakistan.
2. Market pricing indicates increased bets on a Fed rate cut this year.
3. Fed Chair Daly: A rate cut is "not impossible" if the Iran conflict is resolved quickly and oil prices fall.
4. The US March unadjusted CPI annual rate reached 3.3%, a new high since May 2024, in line with market expectations.
Stock News
1. Apple (AAPL.O) will close its first unionized retail store in the US.
2. SpaceX recorded a loss of nearly $5 billion last year due to AI-related spending.
3. TSMC (TSM.N) rose more than 2% pre-market after Q1 revenue exceeded expectations with a 35% increase.
4. The Hong Kong Monetary Authority issued the first batch of stablecoin issuer licenses to Point Capital Financial and HSBC.
5. CoreWeave (CRWV.O) reached a multi-year computing power leasing agreement with Anthropic. 6. Lumentum (LITE.O), a leading US-listed optical communications company, rose more than 6% in pre-market trading after announcing that its order book may be full until 2028.
