Google Parent Stock Rating Tweak Prompted by AI
Wingstop, Cheesecake Factory, and Alphabet have been removed from Wedbush's list of most favored equities, according to miamiherald.com.
Chinese President Xi Jinping stated that there are "no winners in tariff wars or trade wars," marking his first public remarks following a tariff rollback, as reported by CNN. He cautioned against bullying and hegemonism, suggesting they lead to self-isolation during a summit with Latin American and Caribbean officials in Beijing on Tuesday.
Despite tensions with Pakistan, New Delhi remains focused on its economy, according to India's ambassador to Singapore, Shilpak Ambule, as reported by CNBC India Now.
Fortune reports that Donald Trump is hosting a dinner for major buyers of his memecoin, including several foreign nationals, according to Catherine McGrath and Ben Weiss.
CNBC reports that the U.S. and China have agreed to temporarily suspend most tariffs on each other's goods, signaling a major thawing of trade tensions.
Forbes reports that Bitcoin and crypto have surged due to fears of a $2.5 trillion "avalanche" heading for the U.S. dollar, as noted by Billy Bambrough.
According to Fortune, the U.S. and China have agreed to a 90-day pause in escalating tariffs, signaling a clean-up operation or longer-term strategy.