The Rundown Chime to Make Market Debut in $11B IPO, Boeing Shares Fall After Fatal Crash
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Jun 12, 2025 The podcast dives into recent stock fluctuations and the influence of U.S.-China trade deals. Chime is set to make waves with an $11 billion IPO, showcasing remarkable growth strategies. Meanwhile, Tesla is embroiled in a legal battle over trade secrets, highlighting fierce competition in robotics. On the market front, Oracle stocks soar post-earnings, while Boeing faces a decline after a tragic event. The rising role of stablecoin operators in both crypto and traditional finance also gets a spotlight.
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Market Lukewarm on Trade Deal
- The market reacted negatively to the limited scope of the US-China trade deal, with tariffs on Chinese imports remaining high.
- The absence of AI chip export easing disappointed some investors, dampening market enthusiasm despite positive inflation data.
Trump Backs Tariffs, Favors Rate Cuts
- President Trump supports high tariffs on Chinese imports but wants the Fed to cut interest rates sharply.
- Despite inflation cooling, markets see little chance of a June rate cut by the Fed.
Chime IPO Success Story
- Chime priced their IPO above expectations, raising $864 million with an $11.6 billion valuation.
- Their banking services run through partners, with over 8.5 million users and strong revenue growth.