May 20, 2025
# | Headline | Summary |
1 | BMW announces $2.25B buyback | This morning, BMW approved another share buyback program to start later this month with volume up to $2.25B that will be concluded no later than April 30, 2027. BMW shares rose as much as 2.5% following the announcement. |
2 | Elon Musk commits to leading Tesla for at least the next 5 years | In an interview at Bloomberg’s Economic Forum in Abu Dhabi, Musk confirmed that he is committed to leading Tesla for the next 5 years at least. Shares rose 2.5% at market open and promptly fell to only 0.76% up on the day at 10 am. |
3 | Treasury yields decline in early European trading | During the overnight session, yields fell due to investors starting to buy Treasury's at a discount due to the weakness prompted by Moody’s downgrade of the U.S. credit rating. The 10 year fell to a low of 4.43% and rose steeply prior to market open to 4.501%. |
4 | Home Depot plans to keep prices steady despite tariffs | Amid on again, off again tariff threats, Home Depot has stated their plans to hold prices steady. CFO Richard McPhail said in an interview that they are working to push production out of China and anticipate that in 12 months, “no single country outside of the United States will represent more than 10% of our purchases”. This news comes as Walmart recently announced they would raise prices due to the tariffs. Both companies have kept their financial forecast for 2025 unchanged and HD stock rose as much as 3.64% in pre-market trading while WMT stayed flat. |
5 | GOP tax bill breakdown | Republicans are working to pass a fiscal bill through the House this week. In total it would increase budget deficits by $3 trillion. Some key proposals in the bill include keeping the current rate structure with a top rate of 37% and thresholds would be extended with an extra adjustment in 2026 that would increase take-home pay. It would increase the child tax credit to $2,500 from 2025 to 2028, as well as repeal EV tax credits. Lastly, although this bill doesn’t directly reduce the Medicaid budget, it would require Medicaid recipients to volunteer/work and reduce funding to states that offer coverage for illegal immigrants. |