The U.S. Secretary of Commerce: The first trade agreement has been reached and is expected to be approved soon!
① On Tuesday, USA Secretary of Commerce Wilbur Ross revealed that the Trump administration has reached its first trade agreement, but it has not been completely finalized; ② Also on Tuesday, Trump stated that the tariff negotiations with India are "progressing well," and he believes that the USA is about to reach a trade agreement with India.
Trump has criticized Powell again, this time without naming him.
A week after claiming he had no intention of firing Powell, Trump again publicly criticized the Federal Reserve, stating, "We have a Federal Reserve that is not performing well," and believes he understands interest rates "better than he does."
U.S. stocks closed: the S&P 500 Index has risen for six consecutive days as investors anticipate Trump to adjust the tariff policy.
① Amazon was forced to terminate the plan to display the impact of tariffs on commodity pages; ② China Concept Stocks fluctuated, and the Nasdaq China Golden Dragon Index fell by 0.3%; ③ Meta released an independent AI application aiming to create a personalized Asia Vets assistant; ④ Starbucks reported a Q2 revenue of 8.8 billion dollars, below market expectations.
IVV ETF Climbs 0.6%
US Equity Indexes Rise, Treasury Yields Retreat Amid Fears of Tariffs Impact
Within the first hundred days of Trump's presidency, the number of canceled contracts for small businesses reached a historical high.
With the Trump administration implementing the "Reduction and Integration" plan, the number of small business contractors receiving contract termination notices has surged this year. Since January 20, when Trump was sworn in as president of the USA, more than 1,800 small business contractors have received "Termination for Convenience" notices from civil Institutions, a number far exceeding the average levels of previous years.
Ultratech : penny stocks
Tonyco Ultratech : I feel more pressure to sell them, though, the dilution risk is so awful with them...
like $374Water (SCWO.US)$, they have just enough cash and time for like 1 or 2 Qs, then they have to dilute and RS if not above 1. On the other hand, they are months from launching and generating revenue with 1.9B backorders...
Ultratech Tonyco : wait for dip or buy slowly