Trump administration backs off Nvidia’s H20 chip crackdown after Mar-a-Lago dinner, NPR reports
By Reuters April 9, 20251:04 PM PDT Updated 4 hours ago April 9 (Reuters) – The Trump administration has reversed course on plans to restrict exports of Nvidia’s H20 artificial intelligence chips to China after CEO Jensen Huang attended a Mar-a-Lago dinner last week, NPR reported on Wednesday. The planned American export controls on the chips — […]
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 […]
Goldman Sachs Rescinds Recession Call After Trump’s Tariff Pause
By Matthew Boesler 04/09/2025 11:43 (Bloomberg) — Goldman Sachs Group Inc. economists rescinded their forecast for a US recession after President Donald Trump announced a 90-day pause on most of his previously-announced tariffs. “Earlier today, before President Trump’s announcement, we had shifted to a recession baseline in response to the additional country-specific tariffs that went into effect this morning,” […]
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 […]
‘Keep your head’ if you’re spooked by tariffs: Warren Buffett once suggested reading a 19th century poem when stocks fall
David A. Grogan CNBC April 3rd, 2025 Stock prices fell sharply on Thursday after President Donald Trump the day before announced sweeping tariffs of 10% on all U.S. trading partners and higher levies on countries with which the U.S. has a trade deficit. With Thursday’s decline, the S&P 500 — a proxy for the broad […]
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 […]
‘Liberation Day’ Not a Clearing Event: Morgan Stanley’s Wilson
Mike Wilson, chief US equity strategist at Morgan Stanley, sees the possibility of reciprocal tariffs due this week from President Donald Trump pushing the S&P 500 below 5,500 in the short term, but is “not willing to throw in the towel yet on the full year” target. Watch the full story here.