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NEW YORK (AP) — U.S. stock indexes hung near their records on Monday following President Donald Trump’s latest updates to his tariffs, as speculation continues on Wall Street that he may ultimately back down on them. The S&P 500 edged up by 0.1% to pull within 0.2% of its all-time high set on Thursday. The Dow Jones Industrial Average added …

Elon Musk’s xAI has signed an important new customer: the U.S. government.  The two-year old AI company—most recently in the news when its chatbot praised Hitler—said in a blog post Monday that it has launched a new division, called “Grok with Government” and signed a contract worth up to $200 million with the Department of Defense. xAI also announced that …

Bitcoin continued its rapid climb and hit another all-time high Monday as U.S. lawmakers begin a week focused on passing pro-crypto legislation. Data from CoinMarketCap showed bitcoin climbed above $123,000 early Monday, up from about $108,000 only a week ago. The world’s oldest and most popular cryptocurrency is currently the fifth most valuable asset class in the world at $2.4 …

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Nvidia Wins OK to Resume Sales of AI Chip to China After CEO Meets Trump – WSJ  The Wall Street Journal Nvidia Says U.S. Has Lifted Restrictions on A.I. Chip Sales to China  The New York Times Nvidia says it will resume H20 AI chip sales to China ‘soon,’ following U.S. government assurances  CNBC Nvidia’s Jensen Huang Is Right About the Real AI …

The Pentagon has signed a multi-million dollar deal to begin using Elon Musk’s artificial intelligence chatbot, Grok, as part of a wider rollout of AI tools for government use, the Department of Defence confirmed. Announced on Monday by Musk’s company xAI, the $200m (£149m) contract is part of its “Grok for Government” programme, and aligns with the Trump administration’s push …

China’s second-quarter GDP growth tops forecast even as US tariff risks mount  Reuters China posts 5.2% GDP growth for Q2  CNN China’s Economy Grows Steadily Despite Trump’s Tariffs  The New York Times Asia-Pacific markets mostly rise after China’s second-quarter growth beats estimates  CNBC China growth slows as trade turmoil weighs on economy  BBC Source link

America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance  The Wall Street Journal US rare earth pricing system is poised to challenge China’s dominance  Reuters Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%  CNBC Rare earths miner taps a seam of US government largesse  Financial Times The Pentagon’s Rare Earths Deal Is Making Former Biden Officials …

China’s economy grows 5.2% in second quarter  Financial Times China posts 5.2% GDP growth for Q2  CNN China’s Economy Grows Steadily Despite Trump’s Tariffs  The New York Times Asia-Pacific markets mostly rise after China’s second-quarter growth beats estimates  CNBC China’s Economy Grows 5.2% as Factories Offset Weak Consumption  Bloomberg Source link