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Markets remain cautious as stock futures hold steady ahead of a key tariff court ruling and jobs data. Tech shares have softened amid concerns over AI growth sustainability, while energy and automotive sectors face pressures from geopolitical and regulatory challenges. European stocks gained modestly as investors weigh inflation and political risks.
Economic and political risks spike as Donald Trump’s actions provoke concerns about the Federal Reserve’s independence and U.S. economic stability.
1.2 million – Immigrants lost from US labor force under Trump’s immigration crackdown.
Trump’s tariff policies face legal setbacks as courts rule most of his reciprocal tariffs illegal, stirring uncertainty in trade relations and markets.
Crucial diplomatic moves unfold as China, Russia, and India deepen ties amid escalating US trade tensions and global rivalry.
Alibaba Stocks Surge 19% on Cloud and AI Breakthroughs
Alibaba’s shares jumped nearly 19% following strong cloud unit growth and reports of a new AI chip, signaling robust momentum in competitive tech markets.
More on cnbc.com
The semiconductor industry reels as U.S. export restrictions hit South Korean chipmakers, with market impact rippling to related global tech firms.
China’s electric vehicle titan BYD struggles as fierce domestic price wars lead to profit declines and sharp stock drops.
BYD Shares Plunge After Profit Miss and Intensifying EV Price War
China’s top electric vehicle maker BYD saw shares drop sharply amid earnings misses and aggressive domestic price competition, rattling investor confidence.
More on marketwatch.com
Afghanistan endures devastating 6.0-magnitude earthquake, with hundreds dead and thousands injured, sparking urgent humanitarian needs.
US labor market and immigration policies stir controversy amid reports of 1.2 million immigrants lost from workforce under Trump’s administration.
US courts ruled most of Trump’s tariffs illegal, compelling trade policy reevaluation and ongoing negotiations amidst global uncertainty.
EU officials accuse Russia of GPS jamming during critical flights, highlighting rising geopolitical tensions between Europe and Moscow.
Tech giants Alibaba and Nvidia see market shifts as Alibaba surges on AI growth and Nvidia reveals heavy revenue reliance on two clients.
Trump’s assault on the Fed’s independence poses a very serious danger for the US and global economy.
— ECB President Christine Lagarde
U.S. stock futures hold steady as investors await tariff court verdict and key labor data, underscoring cautious market sentiment.
European automotive sector faces headwinds with Fitch forecasting prolonged market weakness into second half of 2025 due to uncertainty.
Legal battles intensify as Trump administration faces setbacks over immigration deportations and federal judges block aggressive policies.
Trade and tariffs remain contentious as US Trade Representative insists on continuing talks despite court striking down Trump’s tariffs.
Energy sector shaken as Saudi Aramco and Iraq halt crude sales to Indian refiner amid geopolitical tensions and US tariff impacts.
Renewable energy under siege as Trump administration cancels $679M in offshore wind funding affecting key California projects.
Public broadcasting faces financial turmoil with government funding cuts threatening NPR and PBS stations’ operations nationwide.
Cryptocurrency markets face uncertainty with Bitcoin ETFs seeing outflows and major whales rotating holdings towards Ethereum.
US healthcare turmoil intensifies as CDC leadership shakeups and RFK Jr. pushes sweeping vaccine policy changes.
Market watchers express concern over overly bullish AI gains and question sustainability of current tech stock rallies.
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