📈 Stocks / Finance

U.S. Markets Sink After Surprise 104% China Tariff

CBS News

U.S. stocks fell sharply Tuesday after Trump announced a 104% tariff on Chinese imports. The Dow lost 320 points, the S&P 500 dropped 1.6%, and the Nasdaq fell 2.2%. Analysts warned of inflation, slower growth, and rising recession risk amid escalating trade tensions.

Bull case for Intel hinges on AI, chip reshoring, and cost cuts

Yahoo Finance

Intel bulls cite AI inference demand, U.S. chip grants, and a PC refresh cycle as catalysts. With $10B in cost cuts, 9x FCF valuation, and 27% CAGR potential, the stock is seen as a turnaround play despite a 70% drop since 2021.

Gold, Silver Climb as Bearish Momentum Fades

Kitco

Gold rose $37 to $3,010 and silver gained $0.34 to $30.01 as bearish pressure eased and bulls pursued value buying. June gold eyes resistance at $3,201.60; May silver faces upside at $32.00. U.S. equities also rallied amid shifting risk sentiment.

🪙 Crypto

DOJ Disbands Crypto Unit, Refocuses on Terror and Cartels

Reuters

The U.S. Justice Dept is disbanding its crypto enforcement unit, per Deputy AG Blanche. Prosecutors will now target crypto-linked terrorism and cartel activity only. The move cites a Trump order protecting access to blockchain networks.

🌎 Global Economy

Trump Tariffs Trigger Global Trade Reset

The European Conservative 

The U.S. launched sweeping tariffs and tax cuts to slash its $903B trade deficit, triggering global volatility. EU leaders threatened retaliation, while markets brace for tighter dollar liquidity and reindustrialization under the 'Made in the USA' banner.