Trump Targets Brazil With 50 Percent Tariff Over Bolsonaro Trial
President Trump imposed a 50 percent tariff on Brazilian imports citing Bolsonaro’s trial, framing the move as a political clash rather than pure economics. The letter to Lula da Silva, varied by personal links to Bolsonaro, signals broader U.S. pressure tactics amid inflation concerns and global trade tensions.
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Nvidia tops four trillion market value milestone amid AI boom
Nvidia became the first public company to top a 4 trillion dollar market value as AI chip demand surges. Its stock retreated to 162.88 by close, while analysts forecast further gains. The surge widens the gap with Apple and signals a broader tech race featuring Microsoft, Amazon, Google, and Meta investing heavily in AI.
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Nasdaq hits record high as tech rally boosts stocks
A tech stock surge lifted the Nasdaq to an all time high and helped the S&P 500 gain 0.6 percent while the Dow rose 0.5 percent. Trump tariff threats weighed on sentiment though talks extended to Aug 1. Copper prices eased after a spike as Freeport-McMoRan shares fell 1.5 percent. Analysts expect 5 percent S P 500 earnings growth in Q2, the weakest since late 2023.
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Linda Yaccarino steps down as X CEO after rocky tenure
Linda Yaccarino has announced she is leaving Elon Musk's X after two challenging years leading the platform, which was formerly Twitter. Musk praised her contributions as X enters a new chapter with xAI, while analysts note the job was difficult under Musk's continued control and evolving free speech stance.
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