Trump Exempts Phones, Computers, Chips From ‘Reciprocal’ Tariffs
Summary by Bloomberg AI The Trump administration exempted smartphones, computers, and other electronics from reciprocal tariffs, potentially reducing sticker shock for consumers and benefiting electronics giants like Apple and Samsung. The exclusions apply to popular consumer electronics items not made in the US, such as smartphones, laptop computers, and computer processors, as well as machines […]
Nvidia to mass produce AI supercomputers in Texas as part of $500 billion U.S. push
Hayden Field April 14th 2025 CNBC • Nvidia announced a push to produce NVIDIA AI supercomputers entirely in the U.S. for the first time. • Its Blackwell AI chips have started production in Phoenix, Arizona, at Taiwan Semiconductor plants. • The news comes after President Donald Trump imposed high reciprocal tariffs on a long list […]
Bill Ackman Calls Out Triple-Levered ETFs, Zero-Day Options Boom
Summary by Bloomberg AI Bill Ackman criticized the use of highly-leveraged exchange-traded funds and zero-day stock contracts, questioning their contribution to society and the economy. Levered funds, which allow investors to magnify their exposure to an underlying asset or index, command around $100 billion and have been popular among day traders. Ackman warned that the […]
US Tariff Revenue Gains Seen as Undercut by Declining Trade
Summary by Bloomberg AI President Trump’s tariffs are expected to generate around $300 billion in annual revenue, with some estimates as high as $600 billion. The tariffs are projected to cause a sharp downturn in trade, with total US imports of goods expected to drop by around 30%. The tariffs could reduce US gross domestic […]
Alphabet CEO reaffirms planned $75 billion capital spending in 2025
By Reuters Las Vegas, April 9 Alphabet (GOOGL.O), opens new tab reiterated on Wednesday it would spend about $75 billion this year to build out data center capacity, doubling down on its generative AI bet even as the payoff remains unclear and a global trade war threatens to raise costs. The investment would fund the […]
Vietnam Wants to Make a Deal
By Lauren Dezenski 04/04/2025 08:09:08 [BFW] (Bloomberg) — President Donald Trump says “Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S.”
Tariffs Rip Through Southeast Asia Stocks, Sink Vietnam’s Market
Summary by Bloomberg AI Southeast Asian stocks fell after US President Donald Trump announced tariff increases, with Vietnam’s main stock index closing 6.7% lower, its biggest one-day decline since 2001. The tariffs will have a significant impact on Southeast Asian economies, which are highly susceptible to US tariffs, with America being a top trading partner […]
CHINA REACT: Reciprocal Tariff Is Worse Than the Worst Case
By Chang Shu (Economist), David Qu (Economist) and Eric Zhu (Economist) 04/02/2025 23:45:03 [BI] Summary by Bloomberg AI The US’s new tariff on Chinese goods could rise to over 60%, which would be hugely damaging and could cut China’s direct exports to the US by up to 80% over the medium term. China is likely to respond by boosting […]
Trump Open to Tariff Cuts in Return for ‘Phenomenal’ Offers
By Annmarie Hordern 04/03/2025 22:27 [BN] Summary by Bloomberg AI President Donald Trump said he is open to reducing tariffs if other nations offer something “phenomenal” in negotiations. Trump indicated that more tariffs are on the way, specifically mentioning pharmaceuticals, and reiterated his willingness to offer tariff relief for China if Beijing approves the sale of TikTok’s […]
US Hiring Picks Up, Showcasing Solid Job Market Ahead of Tariffs
By Augusta Saraiva 04/04/2025 07:32:36 [BN] Summary by Bloomberg AI US job growth exceeded forecasts in March, with nonfarm payrolls increasing 228,000 last month in a broad advance. Despite the strong job growth, attention has turned to the impact of President Donald Trump’s tariffs, which has led to a decline in stocks and increased concerns about a […]