Nvidia Eases Concerns About China With Upbeat Sales Forecast
Summary by Bloomberg AI Nvidia expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. The company is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment. […]
Tariff Ruling Is a Setback for Trump but Doesn’t End Trade War
Trade experts say Trump won’t abandon levies after court decision sows confusion By Jason Douglas, Jon Emont, and Hannah Miao May 29, 2025 SINGAPORE—Shortly after the news broke that a U.S. court invalidated almost all of President Trump’s tariffs, one Vietnam-based furniture exporter responded with an astonished text: “WHAT???” The decision by a little-known U.S. […]
US INSIGHT: Customs Duties Bring Record Revenues – In One Chart
By Alex Tanzi 05/23/2025 13:23:01 [BI] (Bloomberg Economics) — Revenues generated from customs duties so far in May have already reached a new monthly record, bringing in at least $22.3 billion, according to Treasury data released Friday. This fiscal year, customs duties have brought in nearly $93 billion, with 43% of the gains coming in […]
U.S. Debt to GDP: A Post-WWII Comparison to the Modern Era and Fiscal Policy Implications
Chris Combs Silicon Valley Capital Partners May 21, 2025 The United States has faced high levels of national debt during two significant periods: the post-World War II era and the current fiscal environment. Although the debt-to-GDP ratios in both periods are similar, the responses and outcomes differ significantly. This paper explores these similarities and differences, […]
Trump’s Next Hurdle: The Bond Market Hates His ‘Beautiful Bill’
Summary by Bloomberg AI President Donald Trump has passed a tax bill in the House, but faces a new challenge in the Senate, where he must appease customers of the ballooning US debt. The yield on 30-year Treasury bonds has passed 5%, injecting a dose of harsh economic reality into Trump’s fiscal policy, and a […]
The Tech Industry Is Huge—and Europe’s Share of It Is Very Small
By Tom Fairless and David Luhnow May 19, 2025 BERLIN—The world’s technology revolution is leaving Europe behind. Europe lacks any homegrown alternatives to the likes of Google, Amazon or Meta. Apple’s market value is bigger than the entire German stock market. The continent’s inability to create more big technology firms is seen as one of […]
Softer-Than-Expected Inflation Points to Muted Tariff Fallout
Softer-Than-Expected Inflation Points to Muted Tariff Fallout Summary by Bloomberg AI US inflation rose less than forecast in April, with the consumer price index increasing 0.2% from March, driven by tame prices for clothing and new cars. The report suggests that companies are absorbing some of the extra costs of higher tariffs, and consumers are […]
Saudi Arabia’s MBS Says Will Boost US Investments to $1 Trillion
By Paul Wallace 05/13/2025 08:37:23 [BN] (Bloomberg) — Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom will boost investments in the US to $1 trillion. The pledge came moments after the White House announced that the kingdom had committed to investing $600 billion in America.
Trump executive order demands pharma industry price cuts
By Steve Holland, Michael Erman and Patrick Wingrove May 13th 2025 Reuters Trump tells drugmakers to cut prices to ‘most favored nation’ pricing Pharmaceutical shares rise as analysts question how it can be implemented Order calls for FTC to look for anti-competitive pricing WASHINGTON, May 12 (Reuters) – U.S. President Donald Trump signed a wide-reaching […]
Tariffs are a bet on the free market rather than free trade
Financial Times May 12th, 2025 Innovation has stalled in a globalised era dominated by state-sponsored national champions The writer is an FT contributing editor, chief economist at American Compass and writes the Understanding America newsletter A notable feature of the latest US-China trade détente is the Trump administration’s apparent commitment to the 10 per cent global […]