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What Happens In Vegas?

TLDR
MARKET RECAP → Stocks swung back and forth on Wednesday as investors digested fresh earnings, Fed minutes, and counted down to Nvidia’s quarterly report.
BITCOIN HITS THE STRIP → Block rolled out bitcoin payments in Vegas with Square, letting users scan and spend like it’s fiat — part crypto flex, part small biz play. 🧾
MUSK SLAMS TRUMP’S BILL → 📉 Elon Musk called out Trump’s latest spending bill for inflating the deficit and undoing DOGE’s $170B in savings—adding, “A bill can be big or beautiful, but not both.”
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TODAY’S TOP NEWS
Bitcoin Hits The Strip
Block kicked off real-time bitcoin payments via Square at Bitcoin 2025 in Vegas, letting attendees buy merch instantly using the Lightning Network — a move aimed at making BTC “everyday money.”
The pilot builds on Block’s Bitcoin Conversions tool and is set to roll out to eligible Square sellers by 2026, pending regulatory approval. Merchants can either hold the bitcoin or auto-convert to USD with no exposure risk.
Block’s strategy focuses on giving small and mid-sized merchants a full suite of bitcoin tools — from point-of-sale payments to self-custody. CEO Jack Dorsey’s crew wants bitcoin to do more than just moon — they want it to move.
TODAY’S TOP NEWS
Musk Slams Trump’s Bill
📉 Musk called out Trump’s “big, beautiful bill” for being anything but budget-friendly, criticizing it for adding trillions to the deficit and undermining DOGE’s cost-cutting efforts. He joked, “A bill can be big or beautiful, but not both.”
🧾 DOGE, led by Musk, claimed to have saved $170B by slashing government waste, including mass layoffs and agency cuts. But the new spending bill is projected to balloon the deficit by $3.8T over a decade, according to the CBO.
🚫 Despite previously being a White House regular, Musk is stepping back from DOGE to focus on Tesla, SpaceX, and X. He noted government inefficiency was “worse than I realized” and said DOGE had become an unpopular scapegoat.
KEEP READING
Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show (CNBC)
Hybrid leader Toyota targets major growth in plug-in vehicles amid industry’s EV uncertainty (CNBC)
Harvard, Trump battle over international student enrollment may give some applicants a leg up, college expert says (CNBC)
GE Aerospace CEO sees supply chain improvements despite tariff hit (CNBC)
When Should You Refinance a Car Loan? 7 Signs It’s Time (ML)
Financial Stress: Ways to Cope and Regain Control (ML)
Summer Travel Trends 2025: 10 Ways Smart Travelers Are Saving Money and Avoiding Crowds (ML)
NOTABLE POSTS
returning back to windows excel after using mac excel
— memes.xlsx (@ExcelHumor)
1:38 AM • May 27, 2025
"I was disappointed to see the massive spending bill, frankly, which increases the budget deficit and undermines the work the DOGE team is doing.”
Elon is being super vocal about the Administration & Congress not being serious people
— High Yield Harry (@HighyieldHarry)
1:00 PM • May 28, 2025
This is hilarious
— litquidity (@litcapital)
10:15 PM • May 27, 2025
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Earnings Hub — Earnings calendar
Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed
Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine
The Market Ear — Live news, analysis and commentary on what moves markets and trading
Coinmarketcap.com — Crypto market data
Finviz — Financial visualizations
Trading Economics — Economic calendar
CME FedWatch Tool — Market-implied probabilities of future levels of interest rates
Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett
ChatGPT — Large language model-based chatbot powered by generative AI
Vimcal — Lightning-fast calendar and AI scheduling assistant
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