The three major indices of US stocks collectively closed down. The Dow fell 0.61%, down 2.47% this week; the Nasdaq fell 1%, down 2.46% this week; the S & P 500 fell 0.67%, down 2.61% this week. Popular technology stocks generally fell, Apple fell more than 3%, Nvidia, Microsoft, Google, Meta fell more than 1%. Cryptocurrency and consumer electronics sectors led the decline. Canaan Technology fell more than 9%, Coinbase fell more than 3%, Chaowei Computer fell nearly 3%, and Intel fell more than...
On-chain data shows that most of the large TRUMP Meme coins invited to President Trump's crypto dinner have transferred their holdings to centralized exchanges before the dinner, with the average holdings falling from $4.78 million at the time of the snapshot to $2.11 million.
Barclays strategists said the rebalancing of global investors' portfolios after a significant easing of trade tensions this month and a rally in equities could lead to more dollar selling. Barclays models predict a moderate sell-off in the dollar against major currency pairs before the end of the month, driven by gains in US stocks, despite the poor performance of Treasuries and the dollar.
US President Donald Trump said it was "bad" that the US could not sell cars in the European Union and was not seeking a deal to impose 50% tariffs on the European Union from June 1. If they build a factory here, an extension can be discussed.
Mr. Trump said he would impose a 25 per cent tariff on phone makers that do not manufacture in the US. Mr. Trump warned that Samsung would impose a 25 per cent tariff if its products were not made in the US. Apple and Samsung would be exempt from tariffs if they build factories in the US. If they sell in the US, they need to be made in the US. Mr. Trump said he would impose tariffs on Apple and Samsung by the end of June.
According to the British Financial Times: Oracle (ORCL. N) will spend $40 billion to buy NVIDIA (NVDA. O) chips for OpenAI's new data center in the United States.
Senior White House official: The executive order requires the Department of Energy and the Department of Defense to work together to build nuclear energy projects on federal lands. It calls for "significant changes" to the Nuclear Regulatory Commission, including a review of staffing.
The bond market's initial reaction to the new round of tariff threats from the Trump administration was to sell Treasuries, with 10-year yields recovering from early lows. But the volatility was modest. Clearly, investors widely expect that aggressive proposals to impose a 50 per cent tariff on European Union imports will eventually be significantly weakened in negotiations, as previous tariffs on China have been. John Madziere, investment strategist at global asset management giant Vanguard, sa...
According to the British Financial Times: Oracle (ORCL. N) will spend $40 billion to buy NVIDIA (NVDA. O) chips for OpenAI's new data center in the United States.