News
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PRECIOUS-Gold retreats from two-week high as Trump extends EU tariff deadline
May 26 (Reuters) - Gold prices slipped from a two-week high on Monday after U.S. President Donald Trump set a July 9 deadline for a trade deal with the European Union, rescinding his earlier threat of a 50% tariff from June 1.Reuters
Mon, May 26
Euro rises, dollar recovers as Trump gives more time for EU deal
TOKYO, May 26 (Reuters) - The euro and U.S. dollar rose against the safe-haven yen and Swiss franc on Monday after President Donald Trump set a July 9 deadline for a trade deal with the European Union, rescinding his threat of a 50% tariff from June 1.
Reuters
Mon, May 26
Nvidia to launch cheaper Blackwell AI chip for China after US export curbs, sources say
BEIJING/TAIPEI, May 24 (Reuters) - Nvidia NVDA.O will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said.
Reuters
Mon, May 26
Trump’s Golden Dome faces critical economical and technological challenges
President Trump aims to spend around $175 billion on his ambitious new missile-defense system, Golden Dome, before his term ends. The plan would seek to detect and destroy missiles launched from anywhere in the world, but experts say it faces steep technical challenges and budget concerns.Cryptopolitan
Mon, May 26
Bitcoin At Crossroads After Trump Tariff Shock: Breakdown Towards $106K Or New ATH?
Bitcoin is grappling with intensified volatility following a sharp selloff triggered by US President Donald Trump’s abrupt announcement of a sweeping 50% tariff on all EU imports starting June 1. The unexpected macroeconomic move sent shockwaves through assets, and Bitcoin was no exception...
NewsBTC
Mon, May 26
Trump pushes EU to cut tariffs or face extra duties, FT reports
May 23 (Reuters) - U.S. President Donald Trump's trade negotiators are pushing the EU to make unilateral tariff reductions on U.S. goods, saying without concessions the bloc will not progress in talks to avoid additional 20% "reciprocal" duties, the Financial Times reported on Friday.Reuters
Fri, May 23
Emerging market equity funds lure investors fleeing overvalued U.S. assets
May 23 (Reuters) - Emerging market equity funds are leading the global performance this year, bolstered by attractive valuations, years of under-positioning by investors and an easing of economic pressures after U.S. President Donald Trump's pause on tariffs.Reuters
Fri, May 23
Gold edges higher after Trump’s bill boosts bond market uncertainty
Gold price rallies nearly 1% on Friday on renewed US debt concerns. Markets fear that US President Trump’s spending bill will balloon the US debt even further. Gold sees a weekly gain of around 4%, fully recovering from the previous week’s fall.
Fxstreet
Fri, May 23
Trump's "One Big Beautiful Bill Act" Ends Clean Energy Tax Breaks, Solar Stocks Plummet While Nuclear Stocks Surge
TradingKey - On Thursday, May 22nd, U.S. solar stocks experienced an intraday plunge as President Trump's tax bill slashed tax credits for clean energy, more aggressively than anticipated.
Some US banks explore venturing into crypto with joint stablecoin, WSJ reports
May 22 (Reuters) - Some of the biggest U.S. banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday.The conversations have so far involved companies co-owned by JPMorgan Chase JPM.N, Bank of America BAC.N, Citigroup C.N, Wells Fargo WFC.N and ...Reuters
Fri, May 23
Fannie Mae and Freddie Mac Privatization — Stocks Soar, but Homebuyers May Suffer
TradingKey - On Wednesday, May 21, U.S. President Donald Trump reignited the push to end the government conservatorship of Fannie Mae and Freddie Mac, the two largest mortgage lenders in the United States, and move toward full privatization.TradingKey
Fri, May 23
Trump’s Bill Faces Tougher Hurdles Ahead — The Senate Has Its Say, the Treasury Market Is Watching the Interest Bill
TradingKey - This not-so-"beautiful" version of the so-called “Beautiful Big Bill” incorporates most of Trump’s policy proposals, but its implications for the fiscal deficit have raised concerns — and it now faces further scrutiny from the Senate and the bond vigilantes.TradingKey
Fri, May 23
Trump vs. Ivy League: Banning Harvard from Enrolling International Students Is Just the Beginning
TradingKey - Political ideology and economic concerns have fueled escalating tensions between President Donald Trump and U.S. higher education institutions. Recently, the administration took a direct hit at one of the most prestigious universities in the country: Harvard University.TradingKey
Fri, May 23
BYD Surpasses Tesla in European EV Sales for First Time – Is the Throne Shifting?
TradingKey - On May 22, UK consulting firm JATO Dynamics released data showing that in April, BYD’s pure electric vehicle (EV) sales in 28 European countries exceeded those of U.S. rival Tesla for the first time.TradingKey
Fri, May 23
