Dow falls nearly 900 points after Trump reignites trade war between the world’s two largest economies
New York
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US stocks closed sharply lower Friday after President Donald Trump threatened to hike tariffs on imports from China, reigniting fears of a trade war that rocked global markets earlier this year.
The Dow fell 879 points, or 1.9%. The broader S&P 500 dropped 2.71% and the tech-heavy Nasdaq Composite slid 3.56%.
Read MoreTrump to hike China tariffs to 130% and impose software export controls next month, as trade war reignites to nearly ‘Liberation Day’ levels
President Donald Trump said Friday that he will impose an additional 100% tariff on China and limit U.S.
US-China trade war escalates as Trump imposes 100% tariff on Chinese imports
» Read more about: US-China trade war escalates as Trump imposes 100% tariff on Chinese imports »
Read MoreAMD's Stock Surged 24% on Its OpenAI Partnership and Is Near an All-Time High. Is It Still a Buy?
Goldman's securities cohead says the Wall Street rally is 'fairly high quality' and shares how to trade through it
The cohead of global banking and markets at Goldman Sachs has called the stock market bull run “fairly high-quality,” and said that US equities remain the best place to invest.
Ashok Varadhan’s words come as keen market observers increasingly discuss whether the AI boom is a bubble, and as trade tensions and tariffs weigh on sentiment toward US assets.
Read MoreThe Burst
Is Roku’s Amazon Deal a Game-Changer?
On the surface, Roku teaming up with Amazon might look like just another industry collaboration. But behind the headlines, this partnership could redefine how advertisers reach streaming audiences, and reframe Roku’s position in the connected TV arms race.
Announced on June 16, Roku’s integration with Amazon’s advertising platform unlocks a powerful new lever because it gives marketers access to Roku’s premium inventory directly through Amazon’s demand-side platform.
» Read more about: Is Roku’s Amazon Deal a Game-Changer? »
Read MoreThe Ivy
Is Ambiq the Answer to AI’s Biggest Blind Spot?
AI might be the future, but that future has a power problem. For all the fanfare surrounding generative AI, one inconvenient truth continues to lurk in the background, which is it consumes an extraordinary amount of energy.
And unless someone cracks the code on power efficiency, scaling AI beyond the data center and into billions of edge devices will remain an expensive dream.
» Read more about: Is Ambiq the Answer to AI’s Biggest Blind Spot? »
Read MoreThe Spotlight
Brinker Just Flashed Classic Reversal Signal, Time to Take a Bite?
After weeks of sluggish price action, Brinker International (NYSE: EAT) is starting to show signs that the bulls are back in the kitchen.
On March 25th, EAT delivered a textbook technical setup that a technical trader could only but describe as a “character change.”
The stock filled a prior gap from early March,
» Read more about: Brinker Just Flashed Classic Reversal Signal, Time to Take a Bite? »