US Stock Markets Plunge - Budget Fears and Rising Interest Rates Weigh on Markets - Asian Markets are Also Very Weak - Bitcoin Hits an all-Time High - OpenAI Acquires io for $6.4 Billion - Microsoft Dismantles Malware Network - Snowflake Reports Strong Figures - Nike Returns to Amazon - BYD With Entry-Level Model Dolphin Surf

The US stock markets recorded significant losses on Wednesday, May 21, 2025, and are plummeting. The Dow Jones (-1.91   %) fell by 816 points to 41,860.44, the S&P 500 dropped 1.61   % to 5,844.61, and the Nasdaq Composite lost 1.41   % to 18,872.64. The trigger was a sharp rise in Treasury yields – the 30-year bond climbed to 5.09 %, a high not seen since October 2023. The reason is concerns regarding the growing US budget deficit due to a new spending bill and a weak auction of 20-year bonds, indicating declining demand for US...