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📊 AI bubble? Concerns arise after Nvidia sales report

Hi everyone, here is your 📊 Daily Trade.

Here's what's happening today:

📉 States face job losses from federal cuts
💼 US corporate profits rebound despite tariff challenges
🤖 Nvidia's AI sales soar, bubble concerns linger
📦 Canadian businesses hit by US tariff change
🌍 California's climate policies challenged by Trump
🎁 +2 more stories you might like

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📉 Job Losses Mount as States Grapple with Federal Cuts and Economic Slowdowns Link
  • States like Virginia and New Jersey are experiencing significant job losses due to federal budget cuts and economic slowdowns.
  • The Trump administration's changes have led to layoffs across various sectors, including federal contracts and retail.
  • Economic fragility is evident as unemployment rises and state finances face pressure.
💼 US Corporate Profits Bounce Back Amid Tariff Hurdles Link
  • Corporate profits in the US rebounded in Q2, despite rising costs from import tariffs.
  • GDP growth was revised higher, driven by consumer spending and business investment.
  • Economists remain cautious as tariffs continue to impact economic data and future growth.
🤖 Nvidia's AI Chip Sales Surge as Market Watches for Bubble Link
  • Nvidia's AI chip sales continued to grow, though not as rapidly as expected.
  • The company's forecast suggests ongoing growth, but investor concerns about an AI bubble persist.
  • Nvidia's stock dipped despite strong earnings, reflecting high market expectations.
📦 Canadian Businesses Scramble as US Ends Tariff Exemption Link
  • The US ended a longstanding tariff exemption, impacting Canadian businesses that ship to the US.
  • Small businesses face new challenges with increased costs and logistical hurdles.
  • The change aims to combat illicit trade but has caused confusion and disruption for many.
🌍 Trump's New Tactics Challenge California's Climate Ambitions Link
  • California's climate policies face new challenges from the Trump administration's strategic changes.
  • State leaders are responding with lawsuits and efforts to maintain their environmental goals.
  • The conflict highlights tensions between state and federal approaches to climate policy.

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Other news & articles you might like

  • ⚖️ Fed official sues Trump over firing attempt (Link)
  • 📝 Fed board member files lawsuit against Trump (Link)

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