US Q4 final actual GDP annualized quarterly growth was revised down to 0.5%, with the economy slowing more than expected.
Inflation cooled slightly, with the US February core PCE price index rising 2.97% year-on-year, down from the previous value of 3.1%.
Trump: The 10 ceasefire terms are "fake news," and US troops will "continue to be stationed in and around Iran."
On the first day of the ceasefire, only 4 ships passed through the Strait of Hormuz. The US urged allies to provide solutions, and Iran released a safe navigation route map.
Hassett: I do not believe Powell will continue to serve on the Federal Reserve Board.
CoreWeave lands a major $21 billion deal with Meta, securing computing power supply until 2032.
Amazon's Q1 AI annualized revenue exceeded $15 billion, with self-developed chip scale doubling to $20 billion.
Reports indicate Tesla is developing a small electric SUV, with plans for production in China.
Reports: OpenAI expects advertising revenue to reach $2.5 billion this year, and soar to $100 billion by 2030.
Tencent Cloud announced: Starting May 9th, prices for AI computing power, container services, and other products will uniformly increase by 5%.
Goldman Sachs: If the Strait of Hormuz is blocked for another month, the average Brent crude oil price for the year will be above $100.
Nikkei 225 closed down 0.7%, Shanghai Composite closed down 0.72%; Hang Seng Index closed down 0.54%.