Good evening.
Markets bounce, Elon Musk threatens to terminate Twitter deal, and PayPal now allows users to send and receive crypto.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks climbed on Tuesday as investors continued to assess the outlook for inflation and economic growth.
The stock market has had a roller-coaster year as investors fear rising interest rates could drive the economy into a recession.
The S&P 500 is off nearly 14% from its all-time high reached in January:
The key event this week is Friday’s consumer price index reading for May. The reading will be crucial for the path of Fed policy.
The crypto market was relatively flat on Tuesday, with Bitcoin trading near $31,000 and Ethereum near $1,800.
Catch Up
Elon Musk threatens to terminate $44B Twitter deal over a lack of information on spam accounts.
PayPal announced on Tuesday it will allow users to transfer cryptocurrencies to external wallets.
U.S. Treasury Secretary Janet Yellen says she was wrong last year when she said inflation only posed a small risk.
What Else?
Elon Musk @elonmusk
YouTube seems to be nonstop scam ads
