Finance News

• ⭐️ US & China reach trade deal; US to cut tariffs on Chinese goods to 30% from 145% for 90 days; China to lower tariffs on US goods to 10% from 125% for 90 days.

• US President Trump says the US has achieved a "total trade reset" with China this weekend; to speak with China's President Xi "maybe" at the end of the week.

• ~$2.2 Trillion added to the US stock market today amid trade deal between the US and China.

• Microsoft $MSFT & OpenAI potentially renegotiating their partnership; Microsoft has yet to approve OpenAI's corporate restructuring plans.

• Google $GOOGL to pay $1.375B to settle US State of Texas data privacy violations; lawsuit alleged it had collected and used biometric data of millions of Texans without their consent.

• Key Events This Week by The Kobeissi Letter.