THE WEEKLY STEEP
What’s a grill’s favorite type of music on Memorial Day?
Anything with sizzlin’ beats.
WHAT’S BREWING
Global
🇪🇺 Trade Flashpoint: Trump threatened a 50% tariff on EU imports unless they slash duties on U.S. goods, with just 45 days left in his tariff pause. Markets slid as he also targeted Apple’s India shift with a 25% tariff threat. Read more
🇯🇵 Japan Bond Market Update: 40-year bond hit 3.67%, a 25-year high, as inflation rises and insurers pull back. The BOJ is staying hands-off unless things spiral. Read more
🇶🇦 New Air Force One? The U.S. has taken possession of a Qatari royal 747-8, with plans for a $1B Trump-era retrofit. Read more
🇨🇳 China Tops WHO Donors: Beijing pledges $500M over 5 years, filling the gap left by the U.S. pullback. Read more
U.S.
Trump Pushes Nuclear Revival: New executive orders aim to fast-track reactors, boost uranium mining, and overhaul oversight, framed as a "nuclear renaissance" for the AI-powered energy era. Read more
Tax Bill Passes House by 1 Vote: The “Big, Beautiful Bill” includes tax cuts, a remittance tax, and boosts to defense and border funds, adding $3.8T to U.S. debt. Senate up next. Read more
$175B ‘Golden Dome’: Aims to counter hypersonic threats with AI and space tech; Canada’s interested, critics warn of cost and escalation. Read more
Road Trip, Anyone? Memorial Day Gas Prices Drop: Gas prices are set to hit pandemic-era lows this Memorial Day, with national averages dipping to around $3.08-$3.19/gallon. 🚙 Expect crowded highways, cheaper fill-ups, and a lot of “chai stops” on the way to the beach. Read more
South Asia
Farewell to a Nuclear Titan, Dr. M. R. Srinivasan, 95, Passes Away: Key Bhabha collaborator who helped launch India’s nuclear program and powered 18 plants, shaping the nation’s grid and global scientific clout. Read more
India-Pakistan 2025 Clash: Harvard says the standoff showed how fast conflict can escalate - air, sea, cyber, even nukes. Deterrence isn’t enough; South Asia needs real crisis tools. Read more
MONEY MOVES
S&P 500: 5,802.83 (-1.69% past 5 days)
Dow: 41,603.07 (-2.21%)
Nasdaq: 18,737.21 (-1.06%)
Sensex: 81,721.08 (-0.65%)
Bitcoin: $108,785
USD-INR: ₹85.17
💰Crypto ETF Surge: Bitcoin ETFs pulled in a record $934M on May 22, with BlackRock leading the charge and Wall Street piling in. With the SEC reviewing key rule changes, big banks may be next to fully embrace crypto. Read more
💼 Mag7 Momentum: Once pegged for just 33% of 2025 growth, the Mag7 now look set to drive 50% of S&P 500 earnings, despite making up just 25% of profits and 31% of the index. Still carrying the market. Read more
🤖 Google I/O 2025: Gemini got sharper, AI makes movies now, and XR glasses translate in real time, the future just went live. Read more
👖Levi’s is selling Dockers: to Authentic Brands for up to $391M. The move lets Levi double down on its core denim game, while Dockers gets a new life under new ownership. Deal closes Q3 2025. Read more
☀️ Mood’s Up, Markets Should Be Too: June and July are historically strong for stocks, July’s up 10/10 years with 2.3-3.35% gains, and June wins 80% of the time. Seasonal momentum might just be your portfolio’s summer flex. Read more
🫖🥤Sprite + Tea is here: Coca-Cola’s viral TikTok mashup hits shelves through October, in both classic and zero sugar. Read more
PLAY BY PLAY
IPL: SRH crushed RCB by 42 runs as Ishan Kishan lit up with 94*. RCB’s top-two hopes slip, while GT, PBKS, and MI fight for playoff seeding. Finals set for June 3. For match schedules tap in
Tennis: The French Open starts May 25 with Nadal’s farewell, clay chaos, and drama baked into every draw. Swiatek’s path is stacked, Alcaraz opens against Nishikori, and Djokovic has the easiest route, but questions linger about whether he can last.
Golf: PGA Tour Update: Scottie Scheffler took the 2025 PGA Championship crown last weekend at Quail Hollow, finishing 11-under and $3.42M richer. This week, John Pak leads the Charles Schwab Challenge, while the Memorial tees off May 29.
F1: Verstappen broke Piastri’s streak at Imola, tightening the title fight. Piastri leads, McLaren’s on top, and Monaco (May 25) brings new pit stop rules and team order talk.
NBA: Thunder up 2-0 after rolling the Wolves, with MVP Shai cooking. In the East, Go NY Go as the Knicks try to bounce back vs. the Pacers after Haliburton’s buzzer-beater forced OT in Game 1.
RAISING ROOTS
🗽 Happy Memorial Day: Honor, Gather, Remember
From paneer skewers to staycations with soul, this weekend’s about more than plans, it’s about presence. We’re honoring South Asian American stories of service and sharing low-stress ways to gather.
✨ Recipes, real talk, and red-white-blue mango pops await. Read the full article
☀️ Let The Summer of Love (and Leftovers) Begin
Missed this gem last week? We are bringing it back, it’s just too real to scroll past twice.
Parents have landed. Sabzi is flowing. Boundaries? Blurry. Here’s your joyful gameplan to having three generations under one roof, full of hacks, hugs, and hing. Read Here
LIVING WELL
🇺🇸 The Grazing Board: Memorial Day Edition
Chutneys, chillers, and cheddar stars, this isn't your average snack spread. We've built a South Asian-inspired grazing board that's poolside-friendly, full of flavor, and quietly honoring the moment. From paneer skewers to mango sorbet bites, it's everything your long weekend deserves (and nothing it doesn't). See How to Build It
✨ Tag your tray: #WeeklyChaiEats
🍓 5 Memorial Day Desserts That Feel Like a Celebration
This Memorial Day, skip the sugar crash, not the celebration. We’ve rounded up five joyful, just-elevated-enough sweets that blend summer flavor with South Asian flair (hello, mango lassi pops and rosewater whipped cream). Get The Recipes
✨ Because dessert should feel like both a party and a reset.
🎗️ In Light of Mental Health Month
For South Asian tech workers, a layoff isn’t just a job loss, it’s a visa crisis, an identity quake, and a silence we’re finally breaking. Read and share our special piece, created with the hope to help.
COSMIC CHAI
Your Weekly Horoscope (May 23 - May 30)
Saturn enters Aries for the first time since the ‘90s and it’s bringing structure to the chaos. No more vibes-only energy; it’s time for real plans with real purpose. Gemini season keeps things moving fast, but clarity only comes when you slow down and get honest. Build from truth, not hustle. The stars are shifting, meet them with intention.
🌿 Earth signs: Steady steps, solid wins. You’re not chasing, you’re choosing.
🌊 Water signs: Reflective, intuitive, and finally done with emotional overfunctioning.
🔥 Fire signs: Lit, but learning to keep the spark from turning into a wildfire.
🌬 Air signs: Mentally sharp, socially lit, and just chaotic enough to keep things interesting.
Cosmic Dates to Know:
May 24: Mars vs. Pluto = high tension, higher stakes.
May 27-28: Mercury + Jupiter = insight, opportunity, green lights ahead.
EDITOR'S PICK
Mission Impossible - The Final Reckoning
Tom Cruise is back doing his own stunts (because of course he is). The Final Reckoning delivers all the blockbuster mayhem you want, plus a dash of unexpected emotion, the kind that sneaks up between chase scenes. Big energy, bigger payoff. Perfect for escaping grill debates and diving into full-throttle summer mode.
🍿Now in theaters | ⏱️ 2h 43m
Binge Prep: If you're staying in, prep your Mission Impossible marathon like a pro:🧨 Mission Impossible (1996): Streaming on Prime Video, Hulu, Paramount+, Pluto TV
💣 Ghost Protocol (2011): Streaming on Prime Video, Hulu, Paramount+
💿 Rogue Nation (2015): Streaming on Prime Video, Hulu, Paramount+
🕶️ Fallout (2018): Streaming on Paramount+
🚁 Dead Reckoning Part One (2023): Streaming on Prime Video, Paramount+
Streaming libraries change, double-check before you hit play.
UPCOMING WEEK (MAY 23 - MAY 30) 🗓️
The Week Ahead:
May 20-24: Parade of Planets: A rare alignment of Saturn, Venus, and the Moon will be visible in the early morning sky
May 23: Road Trip Day: Kick off MDW with a scenic drive
May 23-25: BottleRock Napa Valley: A blend of music, wine, and culinary delights in California's wine country
May 24-26: Detroit’s Movement Festival
May 26: Memorial Day: Honoring those who gave their lives in service.
May 28: Hamburger Day
May 30: Guru Arjan Dev Ji’s Martyrdom Day: Honoring the fifth Sikh Guru
May 30: Creativity Day: Celebrate & inspire creative expression in all forms
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