No Data
A new star joins Trump's economic team, who has previously criticized Powell!
Stephen Moore was nominated by Trump to be the chair of the White House Council of Economic Advisers; he had previously accused Powell of helping the Democrats in the last USA election, and he is also a "crypto supporter."
Big news in the photovoltaic industry! The Biden administration is reportedly considering reducing tariffs on CECEP Solar Energy equipment from Mexico.
If Biden exempts tariffs, the sustainability of his policy is in doubt, as Trump threatens to impose a 25% tariff on Canada and Mexico, and US manufacturers are lobbying for increased tax-exempt quotas.
Musk causes a commotion at Capitol Hill, is a "Trump 2.0" prototype emerging?
Analysis suggests that Musk's recent act of detonating a political nuclear bomb may be a rehearsal for the Trump 2.0 era of Musk's action model, intended to exert pressure on Congress. However, some also say that the consensus at Mar-a-Lago is that Musk has proven to be an effective Weapon to pressure Congress and a scapegoat for any backlash.
J.P. Morgan's Top Technology Stocks for 2025
KLA Corporation (NASDAQ:KLAC) Down to US$84b Market Cap, but Institutional Owners May Not Be as Affected After a Year of 8.1% Returns
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.