The Daily

Moreover, Trump’s tariff policy has already faced legal challenges. A US trade court blocked some measures last week, citing executive overreach. However, an appeals court reinstated the tariffs the following day. The Trump administration also signalled its intention to pursue alternative legal channels to enforce the levies.

Trump Tariffs Trigger Sharp Decline in US Dollar and Boost Volatility

Last week,

 » Read more about: Trump Trade War Triggers Sharp Decline in US Dollar on Tariff Escalation  »

BEIJING (Reuters): President Donald Trump and Chinese leader Xi Jinping will likely speak this week, White House press secretary Karoline Leavitt said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions.

Leavitt is the third top Trump aide to forecast an imminent call between the two leaders to iron out differences on last month’s tariff agreement in Geneva,

 » Read more about: The trade war – Trump and Xi will likely speak this week, White House says  »

 » Read more about: US stock futures dip as investors await trade negotiations  »

Nvidia, an industry leader in artificial intelligence chips used by companies like OpenAI and a bellwether for tech stocks, reported earnings after market close on Wednesday.

The company reported revenue of $44.06 billion for the quarter ending April 27, 2025, exceeding expectations of $43.31 billion,

 » Read more about: How much a $1,000 investment in Nvidia made 10 years ago would be worth today  »

In the aftermath of ‘reciprocal tariffs’ by the US, India should adopt dual-track approach and selectively reduce high tariffs on non-sensitive agricultural commodities imports from Washington, while also strategically offer concessions where domestic supply gaps exist, a NITI Aayog working paper has said.

The Aayog in a working paper, titled ‘Promoting India-US Agricultural Trade Under the New US Trade Regime’,

 » Read more about: Amid reciprocal tariff, NITI Aayog suggests 'dual-track approach' in India-US trade  »

Amid grand claims of India becoming a $5 trillion, $40 trillion, or even $100 trillion economy, a growing number of financially literate citizens are questioning the ground reality behind these figures. Akshat Shrivastava, founder of Wisdom Hatch, called India’s rational and educated middle class—especially parents—to start preparing for long-term economic instability rather than relying on political promises or surface-level economic data.

 » Read more about: Middle class alert: ‘Invest abroad, focus on tier-1 skills’: Expert’s advice amid economic warnings  »

U.S. stock futures today, June 3, are showing signs of weakness as investors grow increasingly cautious about escalating trade tensions and a slowdown in global growth. Early Tuesday, futures tied to the Dow Jones Industrial Average slipped by 100 points or about 0.24%, settling at 42,274. S&P 500 futures dropped 10.25 points to 5,937,

 » Read more about: U.S. stock futures today fall: Dow drops 100 points, S&P 500 and Nasdaq slip as Trump’s tariff move hits Ford, GM, and lifts Dollar General  »

 » Read more about: Stock market closing: Sensex drops 636 pts, Nifty ends below 24,550 amid weak global cues, foreign fund outflows  »

Executives at US consumer multinationals aren’t waiting for an end game on the Trump administration’s trade war with China.

They are picking up the nuts and bolts from their legacy China operations and moving to relatively smooth trade partners such as India and Thailand. The goal: Protect profits and protect the stock price by having a better “story”

 » Read more about: Trump trade war has caused these 3 consumer companies to aggressively rethink China  »

Question: Why would you pay 81 times earnings for AbbVie stock when you can buy LLY for a similar valuation of 76 times earnings?

 » Read more about: LLY Stock Too Cheap At $750?  »