Apple’s $100 Billion U.S. Investment
Apple plans to invest an additional $100 billion in the U.S., totaling $600 billion, to boost domestic manufacturing and reduce reliance on Chinese production. This move aligns with President Trump’s trade policies and aims to strengthen American industry. [ft.com]
Market Reactions to Semiconductor Earnings
The S&P 500 and Nasdaq saw modest gains due to strong corporate earnings and expectations of Federal Reserve rate cuts. However, disappointing semiconductor earnings, particularly from AMD and Super Micro, dampened investor sentiment. [reuters.com]
U.S.-India Trade Tensions Escalate
The U.S. imposed a 25% tariff on various Indian exports, including garments and electronics, amid concerns over India’s Russian oil purchases. Despite these tensions, major U.S. companies like Apple and Google remain committed to the Indian market. [reuters.com]
Federal Reserve’s Economic Concerns
Minneapolis Fed President Neel Kashkari suggests two interest rate cuts by year-end due to a SLOWING economy, citing weak job reports and revised employment data. [reuters.com]
Stock Market Performance
U.S. stock markets closed higher, with the S&P 500 rising 0.7% to 6,345.06, driven by Apple’s $100 billion investment pledge. [apnews.com]
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