You don't want to cut half of the people, half of the students from all over the world that are coming into our country-destroy our entire university and college system-I don't want to do that,
"He has openly said, and his people have openly said at meetings, 'We would never do anything while President Trump is president,' because they know the consequences," Trump said in an excerpt of an interview with the CBS' program "60 Minutes" that aired Sunday.
In my view, the easing of tensions between the United States and China has been the primary catalyst behind this surge, since markets have long considered the trade relationship between the world's two largest economies a direct threat to global trade flows and supply chains, especially when tariff rhetoric dominated the scene. The recent agreement between U.S. and Chinese negotiators on key issues gives markets a long-awaited breather and paves the way for a meeting between Trump and Xi that could cement these understandings.
Nvidia became the world's first $5 trillion company on Wednesday, surging on a wave of AI-driven demand and renewed optimism over access to China just hours after CEO Jensen Huang met with President Donald Trump, who vowed to push the chips in an upcoming meeting with Chinese President Xi Jinping. The Silicon Valley chipmaker's shares jumped another 5 percent in early trading Wednesday, lifting its market capitalization to $5.13 trillion, more than the combined main stock indices of Germany, France and Italy.
The dollar index traded within a narrow range on Monday as easing US-China tensions provided support to the greenback. Market sentiment improved slightly after President Donald Trump signalled that broad tariffs on China would be unsustainable and negotiators from both sides confirmed plans for renewed talks in the coming days. Any progress this week could reinforce risk appetite and support the dollar, while setbacks could quickly reverse the tone.
Stocks had been heading for a slight gain in the morning, until Trump took to his social media platform and said he's considering "a massive increase of tariffs" on Chinese imports. He's upset at restrictions China has placed on exports of its rare earths, which are materials that are critical for the manufacturing of everything from consumer electronics to jet engines.
Recent speculation about Tim Cook's potential departure from Apple has reached a crescendo, fueled not only by his approaching 65th birthday next month but also by broader questions about his leadership in an increasingly complex global landscape. While Cook has made no official announcement about stepping down, industry watchers note that his tenure has been marked by challenging geopolitical pressures that may be weighing on the famously private executive.
U.S. financial markets rallied this week as the Federal Reserve lowered interest rates for the first time since December 2024, cutting by a quarter of a percentage point. The move had been widely anticipated, but it reassured investors that the central bank is ready to support growth as the labour market shows signs of softening. The Fed's updated projections suggest that policymakers expect further cuts of up to half a percentage point
