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🤝 “We are in the process of finalizing negotiations and reaching a deal with China,” Trump announced, signaling the talks are entering their final stage.
🚗 Tesla is likely facing several tough quarters ahead following President Trump’s rollback of EV production subsidies, according to Elon Musk. TESLA shares have risen slightly to 332.78.
🇪🇺 According to Bloomberg, EU diplomats say progress is being made toward a trade deal with the US that includes 15% tariffs. EURUSD declined to 1.17639.
🇺🇸 According to a Reuters poll of analysts, the Fed is expected to keep rates unchanged at the July 30 meeting but is likely to cut them in September. The US Dollar declined to 97.25.
🖥 Researchers report that 400 organizations were compromised in a server breach, with Microsoft blaming Chinese hackers for the attack. Microsoft shares declined to 506.01.
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