Amazon To Spend $12.7B On Indian Cloud

🇮🇳 🇮🇳 Cloud invest: Amazon plans to invest $12.7 billion in cloud infrastructure in India by 2030, joining other global tech giants in betting on growth in the South Asian nation’s digital economy
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Singapore’s Overall Exports Drop

🇸🇬 🇸🇬 Singapore’s Non-oil domestic export (NODX) for April was down 9.8% y-o-y, a steeper decline versus the 8.3% drop seen in March. Exports to key markets such as China, Malaysia and Taiwan dropped, although corresponding NODX numbers to US, the EU27 and South Korea increased
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Charles Schwab Is A Bargain

🇺🇸 🇺🇸 About $13.6B in total net new assets flowed to Charles Schwab in Apr. With a low P/E ratio of 11.9X, Charles Schwab is a bargain
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Money Never Sleeps

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Sony Mulls Financial Arm Spinoff

🇯🇵 🇯🇵 Sony Group Corp. is weighing a spinoff and separate listing for its financial unit in two to three years, potentially reversing a $3.7 billion take-private deal concluded in 2020
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Micron To Produce Chips In Japan

🇯🇵 🇯🇵 Micron Technology Inc. is poised to land about ¥200 billion ($1.5 billion) in financial incentives from the Japanese government to help it make next-generation memory chips in the country
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US Commercial Real Estate Prices Fall For First Time

🇺🇸 🇺🇸 US commercial real estate prices fell in the first quarter for the first time in more than a decade, according to Moody’s Analytics, heightening the risk of more financial stress in the banking industry
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Futures See Only 1 In 4 Chance Of A June Hike

🚨 🚨 Traders in the fed funds futures are assigning a roughly 1 in 4 probability that the FOMC increases its benchmark rate by another 25 basis points following the June 13-14 meeting
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Microsoft—Next Target $360

🚨 🚨 Algo Alert: Microsoft is going to $360. High Networth Clients Can Buy The Stock 5% Below Market. Ask Us How
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CLOs: Lowest Profits In Years

🚨 🚨 The $1.3 trillion market for reselling leveraged loans is facing its lowest profits in years, potentially making it harder for lower-rated companies to refinance debt
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