Be in the know. 14 key reads for Saturday…

  1. Meet QXO, the Upstart Building Materials Stock That May Battle Home Depot for GMS (barrons)
  2. QXO Won’t Raise Its Offer for GMS After Report of Home Depot Bid (bloomberg)
  3. Intense Heat to Push Biggest US Grid’s Power Use to 12-Year High (bloomberg)
  4. Why electricity prices are surging for U.S. households (cnbc)
  5. U.S. primary energy production, consumption, and exports increased in 2024 (eia.gov)
  6. Federal Reserve starts to split on when to begin cutting US interest rates (ft)
  7. Trump Has a Big, Beautiful Reason to Push for Lower Rates (barrons)
  8. The GENIUS Act Cements Stablecoins’ Place In Cross-Border Payments (forbes)
  9. Stablecoin Bill Looks Toward Swift Passage After Trump Push (barrons)
  10. The Best Consumer Defensive Stocks to Buy (morningstar)
  11. US Truck Assemblies Hit An All Time High In May (zerohedge)
  12. Everyone Thinks the S&P 500 Is Too Expensive. Maybe It’s Too Cheap. (barrons)
  13. Germany’s Economy Is Ready to Grow. The Market Loves It. (barrons)
  14. U.S., EU Near Deal on Non-Tariff Trade Irritants (wsj)