- After months of speculation and build-up, President Trump chose to withdraw the United States from the Iran nuclear deal. With the withdrawal, economic sanctions likely will again affect Iran’s precious-metals and oil sectors.
- The Supreme Court of the United States effectively ended the prohibition on sports betting. The decision makes a key distinction allowing for states to enact their own regulations regarding sports betting. Before the decision, only the states of Delaware, Montana, Nevada, and Oregon had legal sports betting.
- PayPal agreed to purchase European FinTech startup iZettle AB for roughly $2.2 billion, an acquisition that would launch the digital-payment provider into hundreds of thousands of retailers around the world. This comes at a time when PayPal has begun to face encroaching competition from Wall Street-backed payment services like Zelle.
- Warren Buffett revealed that, after purchasing a massive 75 million shares of Apple stock in the first quarter, Berkshire Hathaway is set to make roughly $700 million this year in dividends from this Apple stock alone.
- May came to a close with more threats about tariffs. The United States stated its intentions to move forward with aluminum and steel tariffs on imports from Canada, Mexico, and the European Union. Canada and the European Union have both promised retaliatory tariffs of their own.
