Trade tensions hammered earnings across the board as McDonald's reported a 3.6% plunge in US sales and GM slashed profit forecasts.
Warren Buffett buy signal. The “Buffett Indicator” is flashing a buy signal, suggesting equities are undervalued. Buffett hasn’t weighed in on tariffs yet, but that’s expected to change at Saturday’s Berkshire Hathaway meeting—investors everywhere will be watching for guidance, wisdom, or warning.
Apple is in huge trouble. A federal judge ruled that Apple violated a 2021 court order on anticompetitiveness in its app store, referring the company for potential criminal contempt charges for lying under oath.
For the first time in 10 years, Nvidia CEO Jensen Huang got a raise: his total pay is now at $49.9 million per year, including a 49% base increase to $1.5 million, $1 million more in variable cash, and stock awards of $38.8 million. But Huang has already made billions from his Nvidia stock—and that’s why equity is king.
China quietly rolled out a whitelist of US products exempt from its 125% tariffs, including select pharmaceuticals, microchips, and aircraft engines.
China’s commerce ministry to the US: “”If we fight, we will fight to the end; if we talk, the door is open. The tariff war and trade war were unilaterally initiated by the United States.”
Apple is reshoring—the tech giant will source 19 billion chips from the US this year and plans to shift other manufacturing from China to India.
Meanwhile, Chinese regulators dispatched surveys to manufacturing hubs like Xiamen to measure the fallout from ongoing tensions.
The US Chamber of Commerce pressed President Trump’s administration for automatic tariff exclusions on small business imports.
President Trump floated a rollback of steel and aluminum tariffs for automakers.
📊 Alternative Investing News
President Trump declared that any country buying Iranian oil will face immediate secondary sanctions, barring them from doing business with the US.
J.P. Morgan’s Head of Base and Precious Metals Strategy, Gregory Shearer, expects a minimum 10% tariff on copper in the future.
The US House rolled back California's federal waiver allowing the state to ban gasoline-powered cars by 2035.
Mercedes-Benz will relocate assembly of a core vehicle segment to its Tuscaloosa, Alabama factory by 2027 to avoid import fees.
🤖 AI/Future/Tech News
Anthropic unveiled new Integrations for its Claude chatbot, letting users connect apps like Atlassian, Zapier, and PayPal, plus a new deep research tool.
Nvidia CEO Jensen Huang warned the U.S. House Foreign Affairs Committee about Huawei’s AI chip surge.
Microsoft’s CFO Amy Hood told investors to brace for AI capacity constraints as surging customer demand could outpace new data center construction.
Ketryx launched validated AI agents for the life sciences, with clients reporting a 90% drop in documentation workload and faster medical device releases.
Lyft introduced an AI “Earnings Assistant” that helps drivers plan profitable shifts using localized real-time data; access is available via waitlist.
🪙 Crypto
Morgan Stanley announced plans to bring crypto trading to E*Trade in 2026, making Bitcoin and Ethereum directly accessible to 5 million users.
Dao5 raised a $222 million fund to fuel on-chain public infrastructure, aiming for institutional and government blockchain adoption.
In the last six months, The Blockchain Group, listed on Euronext Growth Paris, has skyrocketed with a 709.8% BTC Yield.
💡 Ideas, trends, and analysis
A NewsNation poll revealed 82% of voters fear a recession under President Trump's administration, with 91% worried about inflation's bite.
US payroll growth was stronger than expected at 177,000 for April, according to the Bureau of Labor Statistics. Unemployment held at 4.2% as expected.
Christmas presents made in China may not be in stock during the holidays because of tariffs—and some retailers are refilling orders now to avoid empty shelves come November.
