πŸ“Š Trump Delays Tariffs Amid Talks

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸ‡ΊπŸ‡Έ Trump delays tariff hikes on furniture and cabinets
πŸ“œ New California laws target AI, consumer protection
🚬 Altria's options activity hints at hidden opportunities
☁️ Brookfield enters AI cloud to cut development costs
πŸ’³ MasterCard falls more than the broader market
🎁 +3 more stories you might like
πŸ‡Ί Trump Delays Tariff Increases on Furniture Amid Trade Talks Link
  • President Trump has delayed increased tariffs on upholstered furniture, kitchen cabinets, and vanities by a year.
  • The delay maintains a 25% tariff but postpones a planned increase to 30% and 50% on these goods.
  • The decision comes amid ongoing trade negotiations and potential tariff reductions on Italian pasta.
πŸ“œ California's New Laws: AI, Consumer Protection, and More Link
  • California introduces new laws addressing AI, consumer protection, and disaster recovery.
  • The laws include measures on AI transparency, online safety for children, and consumer rights.
  • Governor Newsom also signed bills to aid disaster recovery and improve insurance efficiency.
🚬 Altria's Options Activity Reveals Potential Upside Link
  • Altria's unusual options activity suggests potential near-term profit opportunities.
  • Traders are employing yield-protecting strategies with room for controlled upside.
  • The options activity hints at a potential price target of $60 for Altria stock.
☁ Brookfield's AI Cloud Venture Aims to Slash Development Costs Link
  • Brookfield is entering the AI cloud space with a $10 billion fund to lease AI chips.
  • The firm is building data centers globally and partnering with Nvidia for server clusters.
  • Brookfield seeks to reduce AI costs by controlling infrastructure and leveraging demand-driven investments.
πŸ’³ MasterCard Stock Decline: What's Behind the Drop? Link
  • MasterCard's stock fell by 1.13%, underperforming the broader market indices.
  • The company's upcoming earnings report is expected to show significant growth in EPS and revenue.
  • Analysts are closely watching revisions to forecasts, which could impact stock performance.

Other news & articles you might like

  • πŸ’° Moto Finance raises $1.8M for blockchain platform (Link)
  • πŸ“‰ Gulfport Energy director sells $536K in stock (Link)
  • 🌴 Hawaii introduces new tourist tax for climate action (Link)

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