The U.S. Secretary of Commerce: The first trade agreement has been reached and is expected to be approved soon!
① On Tuesday, USA Secretary of Commerce Wilbur Ross revealed that the Trump administration has reached its first trade agreement, but it has not been completely finalized; ② Also on Tuesday, Trump stated that the tariff negotiations with India are "progressing well," and he believes that the USA is about to reach a trade agreement with India.
After "breaking up" with Amazon, UPS cut 20,000 jobs and suspended its full-year forecast amid economic uncertainty.
UPS currently has about 0.49 million employees and plans to cut 4% of its total workforce due to parting ways with its largest customer, Amazon. This layoff aims at network restructuring and efficiency improvement. Although UPS's first-quarter performance exceeded expectations, it has not updated its full-year outlook due to economic uncertainty, and a decline in transportation volume and revenue is expected in the second quarter.
Trump has compromised again! The American Autos Industry welcomes the "tariff downgrade"…
① The President of the USA, Trump, signed an executive order on April 30 to "ease" some Autos tariffs; ② It is reported that imported Autos will be exempt from any further separate tariffs similar to those on Steel and Aluminum, to avoid the cumulative effects of overlapping tariffs.
Trump has criticized Powell again, this time without naming him.
A week after claiming he had no intention of firing Powell, Trump again publicly criticized the Federal Reserve, stating, "We have a Federal Reserve that is not performing well," and believes he understands interest rates "better than he does."
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U.S. stocks closed: the S&P 500 Index has risen for six consecutive days as investors anticipate Trump to adjust the tariff policy.
① Amazon was forced to terminate the plan to display the impact of tariffs on commodity pages; ② China Concept Stocks fluctuated, and the Nasdaq China Golden Dragon Index fell by 0.3%; ③ Meta released an independent AI application aiming to create a personalized Asia Vets assistant; ④ Starbucks reported a Q2 revenue of 8.8 billion dollars, below market expectations.
Amazon Pressures Suppliers For Discounts, May Show Tariff Related Costs On Haul Site
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Shares of Chip Stocks Are Trading Lower After Super Micro Computer Cut Its Preliminary Guidance.
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Meta has released a standalone AI application aimed at creating a personalized Asia Vets assistant.
① Meta has launched an independent AI application, Meta AI, developed based on the large language model Llama 4, aiming to compete with ChatGPT and provide personalized AI assistant services; ② Meta AI supports voice conversations, helping users understand news, deal with personal issues, and features a social dynamics page along with image generation and editing capabilities.
Microsoft Q3 Earnings Preview: Cloud, AI, Guidance Top Items Analysts Highlight To Watch