Chinese President Xi Jinping meets with U.S. President Donald Trump in Osaka, Japan, June 29, 2019. Xinhua News Agency | Xinhua News Agency | Getty ImagesThe U.S.-China trade truce reached in Geneva was greeted with relief — and in some corners, even celebration. Stock markets surged. Commentators praised the “breakthrough.” But let’s be clear: optimism should be tempered with caution. What we’re witnessing may not be the end of the crisis — rather, it could be the eye of the hurricane. And like all hurricanes, the backside of the storm could be even more punishing than the front.From Donald Trump’s…
Author: usaeverydaylife
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025.Carlos Barria | ReutersOpenAI said last week that it would restructure in a format that allows its non-profit entity to retain ultimate control, a plan that on Tuesday received the blessing of one of the U.S. artificial intelligence startup’s biggest backers — Japanese giant SoftBank.The endorsement of SoftBank — the first time the company has publicly green lit the plan — is key because the Japanese…
Another surge in trade from China to the U.S. should be getting underway, according to retailers and logistics executives, as the initial trade deal struck by the U.S. and China leads importers to move forward with shipments during the 90-day pause on the steepest tariffs implemented by President Donald Trump.On Monday, the U.S. and Chinese governments announced a trade deal, though the details of the U.S.-China pact are still sketchy. But in the short term the most important aspect of the agreement is the suspension of the so-called reciprocal tariffs, though broad-based 10% duties will remain in effect, as well as a…
The artificial intelligence boom should boost shares of Super Micro Computer , according to Raymond James. Analyst Simon Leopold initiated coverage of the server maker with an outperform rating and set its price target at $41. That target implies 22.3% upside from Monday’s close. “AI platforms now comprise nearly 70% of Super micro’s revenue, and is also expanding its share of the branded AI server market. The company combines its engineering and manufacturing scale to compete,” the analyst wrote in a note this week. “Tariffs and technology transitions (e.g., NVIDIA’s Hopper to Blackwell processors) present intermediate-term challenges, but AI projects…
Indian shopkeepers sell summer fruit watermelons at their roadside stalls in a market area in Siliguri, India on May 2, 2025. Watermelon is a very popular fruit during the summer season. Diptendu Dutta | Afp | Getty ImagesIndia’s headline inflation eased to 3.16% in April, the sixth consecutive month of decline.The reading was lower than March’s data of 3.34%, and is lower than the 3.27% expected by economists polled by Reuters.This was the sixth straight month that the inflation fell.Food inflation, which is a key inflation metric in the country, dipped to 1.78% in April, from March’s figure of 2.69%.Bank…
President Trump and his business partners promoted it as the world’s most “EXCLUSIVE INVITATION” — a dinner with the president of the United States for the cryptocurrency investors who bought the most of his family’s memecoin, called $TRUMP.But as the unusual contest came to a close on Monday, at least 17 of the 220 winning bidders had figured out a way to effectively outsmart the sponsors of the contest.These crypto investors had secured an invitation to the dinner even though their online wallets showed that they held zero of the memecoins, a type of novelty digital currency often based on…
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022.Source: NYSEStock futures fell in early Tuesday following a big rally, as investors look ahead to a key inflation report Tuesday morning.Futures on the Dow Jones Industrial Average inched down 108 points, or 0.25%. S&P 500 futures and Nasdaq 100 futures fell 0.4% and 0.46%, respectively.The consumer price index, a broad measure of goods and services costs across the U.S. economy, is expected to remain at a 2.4% rate in April on a year-over-year basis, according to the Dow Jones consensus. Excluding food and energy, so-called core…
TEGERNSEE, GERMANY — Top German business leaders, economists and politicians descended onto a small, picturesque Bavarian town situated next to the iconic Tegernsee lake last week to share their hopes and discuss what’s at stake for the new government.Buoyed by recent positive market sentiment for Europe’s largest economy, attendees at the summit were united in their call for the new administration to step up and honour campaign promises. Any missteps would likely not be tolerated, with some business leaders warning the government cannot allow itself a “lazy summer.”Despite rain and low hanging clouds providing a somewhat dreary backdrop to the…
The logo of McDonald’s (MCD) is seen in Los Angeles, California.Lucy Nicholson | ReutersMcDonald’s on Monday announced plans to hire up to 375,000 workers this summer at a news conference that included U.S. Labor Secretary Lori Chavez-DeRemer.While McDonald’s has long been one of President Donald Trump’s culinary favorites, the company has been cozying up to his administration during his second term. The company likely hopes to stay in Trump’s good graces and avoid obstacles to its business, like Health and Human Services Secretary Robert F. Kennedy Jr.’s “Make America Healthy Again” agenda or unfavorable regulation by the Department of Labor.For…
President Donald Trump, joined by National Institutes of Health (NIH) Director Jay Bhattacharya, speaks during a press conference in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesPresident Donald Trump on Monday moved forward with a plan to lower U.S. drug costs by linking prices to those paid in other developed countries – a proposal he will have a tough time putting into effect, experts said.Trump signed a sweeping executive order directing several federal agencies to renew that effort to cut prices, called the “most favored…
