Business

China’s economy has beaten expectations even as US President Donald Trump’s tariffs and a prolonged crisis in the property market weigh on growth. Official figures show the world’s second largest economy grew by 5.2% in the three months to the end of June, compared to the same time last year. That’s better than the 5.1% forecast by many economists but …

Nvidia to resume sales of AI chip to China as CEO visits Beijing  Reuters Nvidia says it will resume H20 AI chip sales to China ‘soon,’ following U.S. government assurances  CNBC Nvidia to resume chips sales to China  Axios Nvidia’s Jensen Huang Is Right About the Real AI Race With China  Bloomberg Nvidia CEO to attend China supply chain expo, China’s CCTV says  Yahoo Finance …

Tesla To Hold Shareholder Vote On Potential Investment In Musk’s AI Venture XAI  Nasdaq Musk says he does not support a merger between Tesla and xAI but backs investment  CNBC Exclusive | SpaceX to Invest $2 Billion Into Elon Musk’s xAI – WSJ  The Wall Street Journal Tesla stock higher on potential for xAI investment; full merger would be the ‘next stage,’ analyst …

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $4.48 a …

Japan Is Worrying the Bond Market. How Treasuries Can Avoid a Slump, for Now.  Barron’s Japan bond yields hit multi-decade highs as fiscal fears mount ahead of election  CNBC Japan’s 10-year yield hits highest level since 2008 financial crisis  Financial Times Japan Leads Global Long-Bond Drop as Spending Takes Center-Stage  Bloomberg Investors brace for Japan bond market blowout as election nears  Reuters Source link

The Race Is On to Build U.S. Copper Mines After Trump Pledges Higher Tariffs – WSJ  The Wall Street Journal Why Markets Went Crazy Over 50% Copper Tariffs  Bloomberg.com Looming Copper Tariffs Leave Companies Scrambling: ‘Prices Will Go Up’  The New York Times Trump says 50% tariff on copper imports will begin Aug. 1  CNBC Who pays for tariffs?  marketplace.org Source link

Morning Bid: Euro shrugs at tariffs, but bonds balk  Reuters Stocks Shrug Off Trump’s Latest Tariff Threats  The New York Times Stock markets react to Trump’s latest tariff threats against EU and Mexico  CBS News Trading Day: Resisting renewed tariff tensions  Reuters European stocks tumble with EU tariff letter expected from White House  CNBC Source link

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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 …