Stock index futures were higher on Tuesday as Wall Street looked to regain some ground after Monday’s brutal AI-driven selloff.
Now, here are five news stories that broke overnight to watch out for:
Federal Reserve bank oversight: The Federal Reserve introduced a new proposal aimed at refining how regulators evaluate banks’ risk practices, seeking public comment on a plan to formally codify the elimination of “reputation risk” from its oversight framework. The move builds on prior steps and comes after President Donald Trump pushed to curb what he views as unjustified account closures by financial institutions.
U.S. tariff implementation: A sweeping 10% global tariff took effect at 12:01 a.m. ET Tuesday, applying to every country for a period of 150 days unless specifically exempt, according to a U.S. Customs and Border Protection memo obtained by NBC News. The White House is separately working to raise the rate to 15% in an order that requires presidential approval, though no timeline has been set.
Tesla marketing litigation: Tesla (TSLA) filed a lawsuit against the California Department of Motor Vehicles on February 13, seeking to overturn a ruling that found the automaker engaged in false advertising over its “Autopilot” and “Full Self-Driving” marketing. Attorneys for the company alleged that the DMV “wrongfully and baselessly” labeled Tesla a “false advertiser” for its prior use of the terms.
Bitcoin monthly performance: Bitcoin (BTC-USD) continued to slide on Tuesday, down 2.16% to ~$63,000, heading toward its largest monthly loss since the crypto sector faced multiple corporate collapses in 2022. The digital asset is now down more than 19% in February, marking its worst monthly performance since June 2022, following a steep selloff since surpassing $125,000 last October.
Chinese AI technology: DeepSeek’s latest AI model, expected to be released as soon as next week, was trained on Nvidia’s (NVDA) most advanced Blackwell chip series, according to Reuters, citing a senior Trump administration official. The development could represent a violation of U.S. export controls, with officials suggesting the Chinese AI firm may remove technical indicators that could disclose its use of restricted American hardware.
#StrategyBTCPurchase #TrumpStateoftheUnion #BTCMiningDifficultyIncrease #Tesla #bitcoin
