Published: 08.08.2025
Total Summaries: 5
Stock Futures Rise Amid Trump's Proposed Tariffs on Chips
The Dow Jones and S&P 500 closed lower on Thursday, while the Nasdaq Composite gained 0.35%. Piper Sandler maintains a positive outlook for stocks in the second half of 2025, despite bearish investor sentiment rising significantly. Notably, 19 S&P 500 stocks reached new 52-week highs. Eli Lilly's shares fell 12% following disappointing trial data on its obesity drug, while Crocs plummeted over 25% after withdrawing its full-year outlook. President Trump announced a proposed 100% tariff on chip imports, boosting shares of companies like Apple and AMD.
Source: CNBCChina's July Exports Exceed Expectations with Significant Import Growth
In July, China's exports rose 7.2% year-over-year, surpassing forecasts of 5.4%, while imports increased by 4.1%, marking the highest rise in a year. Despite a 21.7% decline in exports to the U.S., shipments to Southeast Asia grew by 16.6%. Overall, China's trade surplus reached $683.5 billion, a 32% increase from 2024. Notable increases were seen in rare earths, autos, and semiconductors. Ongoing trade negotiations with the U.S. remain unresolved as tariffs loom, affecting various sectors.
Source: CNBCUnited Airlines Suspends Flights Nationwide Due to Technology Issues
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Read extended summarySources (7)Trump Identifies Top Candidates for Federal Reserve Position
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Read extended summarySources (7)Federal Reserve Official Warns of Economic Turning Point Following Jobs Report Revisions
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Read extended summarySources (7)