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It has been a long road for President Donald Trump as he looks for a justification to erect a tariff wall around the US, including against key allies.From the opioid crisis to illegal migration, then the need to bring manufacturing back to America’s shores, the list goes on.Through Trump’s second term, there has been a new justification almost every month for the trade levies he is seeking to place on allies.Some have been overturned by the courts, others by economics and some even by their own logic. And so, Trump has now turned to effectively accusing dozens of trade partners…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldEuropean countries have emerged as relative winners of Donald Trump’s latest move to rebuild his tariff wall that was struck down by the US Supreme Court earlier this year.Rates for France, the UK, Germany and Spain have all fallen, according to an analysis of the new duty regime announced by Washington on Thursday by the independent trade monitoring body Global Trade Alert.By contrast, levies for Asian and Latin American countries have risen. China, Vietnam and Indonesia all saw rates increase…
A_Carina | iStock | Getty ImagesU.S. Treasury yields retreated on Friday after briefly hitting the highest level since January 2025 the day before, when Brent crude oil’s climb above $100 per barrel reignited inflationary fears.The yield on the 10-year U.S. Treasury note — the key benchmark for mortgage and auto loans and credit card debt — was last seen down more than 3 basis points at 4.667%. On Thursday, it had risen above 4.7%, the highest level since Jan. 15, 2025, before the start of President Donald Trump’s second term.The 2-year Treasury note yield, which more closely tracks short-term Federal…
SanDisk, Micron among market cap stock movers on Friday Source link
The White House is visited by tourists on July 17, 2025 in Washington, DC. Michael M. Santiago | Getty ImagesNvidia, Microsoft, Meta, Palantir and more than 20 other companies released a letter on Friday urging policymakers to avoid “premature restrictions” on open-weight artificial intelligence models that would “stifle competition or drive innovation overseas.”Open-weight AI models are available for users to download, modify and run on their own infrastructure, and they have been the subject of fierce debate within the tech sector in recent weeks. Chinese open-weight models are gaining steam against leading offerings from American companies like OpenAI and Anthropic, which primarily…
The Club’s top 10 things to watch Friday, July 24 — Today’s newsletter was written by Jeff Marks, the Club’s director of portfolio analysis. 1. Stocks are headed for a muted open following yesterday’s sell-off on rising oil prices and bond yields, and on concerns about hyperscalers’ aggressive AI spending. That potent mix of crosscurrents held us back from buying the dip. 2. Intel shares are only modestly higher after the Club chipmaker reported a blowout quarter last night . Supply of data center CPUs can’t keep up with demand as agentic workloads increase the number of CPUs needed relative…
Morgan Stanley Sees Luxury Leadership Shift as Jewelry Brands Gain Ground Source link
The return and plans for the future The snakebot team eventually had to return to the United States without finding a survivor. But nearly 6,500 people were rescued with the help of search and rescue teams from all over the world. By coincidence, Choset ended up having a lengthy conversation with a woman whose husband, a security guard, was buried for eight days in the collapsed basement of a shopping center. He described himself as overjoyed when he later learned that the woman’s husband had been pulled out alive. “She had two kids, and the age difference was the same…
Here are the biggest calls on Wall Street on Friday: UBS upgrades Amkor Technology to buy from neutral UBS says the company’s partnership with Nvidia has plenty of upside. “We view the US$1.5bn NVIDIA strategic partnership supporting Amkor’s on-going ramp of Vera CPU.” Baird reiterates Apple as outperform Baird raised its price target to $330 per share from $310 on Apple. “We also think Street estimates over the NTM [next twelve months] are set up well, with potential for further upside.” HSBC initiates SpaceX as hold HSBC initiated the stock with a hold mainly on valuation. “Space, Connectivity, and AI…
Meta launches new app ’Seller’ to provide sales tools for merchants Source link
