Texas launched its own stock exchange, the TXSE, backed by financial giants like BlackRock and Goldman Sachs to challenge the NYSE and Nasdaq duopoly amid a boom in initial public offerings. This development comes as major banks report record-smashing profits, while the tech sector faces significant disruption, with IBM's stock plunging due to AI spending shifts, SpaceX struggling post-IPO, and PayPal receiving a $53 billion buyout offer. The broader market is navigating a complex environment of rising oil prices from Middle East conflicts, a new Federal Reserve chairman pledging a policy "regime change" to fight inflation, and the rollout of new global tariffs by the Trump administration.

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