Guangdong Topstar Technology Co., Ltd. (300607.SZ)

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US-China tariff agreement may add fuel to 'Magnificent 7' stock rally

The "Magnificent Seven" trade looks to be on again, for now.

Yahoo Finance 1 minute ago

^DJI

GOOG

AAPL
Why US-China tariff agreement isn’t super bullish for stocks

You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. The bulls are back on Wall Street, with good reason. The US and China have agreed to ratchet down the tariff war for 90 days as each economy begins to feel the pressure of bruising penalties. After a weekend of meetings in Switzerland, the US will take reciprocal tariffs on China down to 10% from 125%. A separate tariff imposed by President Trump over what he says is China’s role in the fentanyl trade will stay intact. China will cut its retaliatory tariffs on US goods to 10% from 125%. Stocks soared on the news, the US dollar caught a strong bid, and defensive plays such as gold sold off. Investors will now be looking for two things to keep the bullish vibes going: first, that the two economic superpowers signal there is an opportunity to take tariffs down even further after the 90-day pause; and second, that the tariffs aren’t hammering the US economy. Yahoo Finance Executive Editor Brian Sozzi spoke with eToro global markets analyst Lale Akoner on Opening Bid for perspective on whether stocks will be back for the rest of the year or if this is just a headfake. Akoner also discusses top picks in what is now a significantly changed backdrop for investors. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms

Yahoo Finance Video 1 hour ago

AAPL

^DJI

NVDA
Amazon offers peek at new human jobs in an AI bot world

The tech industry seems to have two thoughts when it comes to where human workers fit into the AI-powered world they are creating: Either they think that all the jobs, except perhaps their own, will be done by bots. (VC Marc Andreessen seems to think that his work as an investor could never be automated). Or they think that bots will do the icky, boring work, acting as human companions in jobs while humans do brand-new jobs that the bot revolution creates. The latter is the one most supported by

TechCrunch 21 hours ago

AMZN
Microsoft and OpenAI may be renegotiating their partnership

OpenAI is currently in “a tough negotiation” with one of its biggest investors and partners, Microsoft, according to the Financial Times. The AI startup recently announced a major change to its corporate restructuring plans — while it still aims to convert its business arm into a for-profit public benefit corporation, its nonprofit board will remain in control. The FT says it spoke to multiple sources who describe Microsoft, which has invested $13 billion in OpenAI to date, as a key holdout need

TechCrunch 21 hours ago

MSFT
Chegg to lay off 22% of workforce as AI tools shake up edtech industry

Google's expansion of AI Overviews is keeping web traffic confined within its search ecosystem while gradually shifting searches to its Gemini AI platform, Chegg said, adding that other AI companies including OpenAI and Anthropic were courting academics with free access to subscriptions. As part of the restructuring announced on Monday, Chegg will also shut its U.S. and Canada offices by the end of the year and aim to reduce its marketing, product development efforts and general and administrative expenses. Chegg expects cost savings of between $45 and $55 million in 2025 and $100 to $110 million in 2026 due to the restructuring.

Reuters 9 minutes ago

CHGG

GOOG
Digital Payment Update - Europe's Payment Future Embraces Digital Wallet Innovation

Significant growth in Europe's digital payments is anticipated by 2025, propelled by innovative payment methods and evolving consumer preferences. Digital wallets are at the forefront, seeing increasing weekly use in countries like the UK and Germany, while contactless payments continue to gain popularity. Despite these advances, traditional card payments remain dominant across the continent. Additionally, instant payments and Pay by Bank services are gaining traction, particularly in regions...

Simply Wall St. 28 minutes ago

SOFI

PYPL

NU
New York Fed Uplifts Q2 GDP to 2.42%

Note the New York Fed's Nowcast climbed to 2.42% for Q2, driven by trade data

GuruFocus.com 41 minutes ago

QQQ

SPY
Novo Nordisk Tumbles as Lilly's Zepbound Shows Greater Weight Loss in Trial

Eli Lilly's Zepbound Beats Wegovy, Sends Novo Nordisk Stock Lower

GuruFocus.com 53 minutes ago

NVO

LLY
Google to pay Texas $1.38bn in data-privacy settlement

The lawsuit accused Google of illegally tracking and gathering users' private information.

Verdict 58 minutes ago

GOOG
CoreWeave's $1.5B Debt Strategy: Navigating AI Growth and Financial Challenges

Debt refinancing, AI expansion, and Nvidia's stake -- CoreWeave's next moves could define its survival.

GuruFocus.com 1 hour ago

CRWV

NVDA
Institutions own 45% of Alibaba Group Holding Limited (NYSE:BABA) shares but individual investors control 48% of the company

Key Insights Alibaba Group Holding's significant individual investors ownership suggests that the key decisions are...

Simply Wall St. 1 hour ago

BABA

BABAF
Nvidia's China Gamble: Will the Downgraded H20 Chip Keep Its AI Reign Alive?

U.S. export restrictions force Nvidia to alter its top AI chip -- but can it still dominate in China?

GuruFocus.com 1 hour ago

NVDA
5 Things to Know Before the Stock Market Opens

News of the day for May 12, 2025

Investopedia 1 hour ago

TSLA
Google Cloud to power UniCredit’s digital transformation

The 10-year agreement will see the bank using Google Cloud's infrastructure to enhance its digital architecture in 13 markets.

Retail Banker International 1 hour ago

UNCRY

GOOG
These High-Growth Stocks Were Down Over 50% This Year. Is It Time to Buy Them?

The Trade Desk stock tumbled earlier this year, but its first-quarter results sent the stock sharply higher. For investors that still have many years before retirement, growth stocks are one of the most efficient ways to increase their net worth.

Motley Fool 1 hour ago

SOUNW

TTD

NVDA
Three Stocks That May Be Priced Below Their Estimated Value In May 2025

In the last week, the United States market has remained flat, yet it has shown an 8.0% increase over the past year with earnings expected to grow by 14% annually. In this environment, identifying stocks that may be priced below their estimated value can offer potential opportunities for investors seeking to capitalize on these favorable growth forecasts.

Simply Wall St. 1 hour ago

NVDA

LYFT

LPLA
Trump’s Vow to Cut US Drug Prices Drags Pharma Stocks Lower

(Bloomberg) -- President Donald Trump said he plans to order a cut in US prescription drug costs to bring them in line with other countries, spurring a drop in pharmaceutical shares worldwide.Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?Is Trump’s Plan to Reopen the Notorious Alcatraz Prison Realistic?NYC Warns of 17% D

Bloomberg 1 hour ago

BERZ

BMO

AZN
AI Chips Update - Revolutionizing Game Development with AI-Powered Visual Tools

Core Gaming has launched its innovative AI COMIC App, aimed at transforming game asset creation through advanced AI technology. This app leverages cutting-edge AI models to convert simple photos or videos into high-quality visuals, including animations and realistic portraits, in mere minutes. It facilitates creative tasks, traditionally requiring substantial time and resources, by providing powerful yet accessible AI tools to artists, gamers, and marketers, thereby enhancing visual...

Simply Wall St. 1 hour ago

AMD

NVDA

QCOM
US-China tariff reprieve doesn't tackle the big e-commerce trade in small packages

GENEVA (Reuters) -An agreement between the United States and China to temporarily slash tariffs, announced on Monday, did not address what would happen to low-value "de minimis" ecommerce packages shipped from China to the U.S., a source briefed on the talks told Reuters. On May 2, the administration of U.S. President Donald Trump ended the de minimis policy allowing packages worth less than $800 ordered online from China and Hong Kong to enter the United States duty free.

Reuters 1 hour ago

BABA

BABAF
Market Chatter: Microsoft, OpenAI Negotiating to Unlock New Financing, Future IPO for ChatGPT Parent

Microsoft (MSFT) and OpenAI are rewriting the terms of their partnership in a negotiation aimed at e

PREMIUM
MT Newswires 1 hour ago

MSFT

Performance Overview

Return	300607.SZ	SSE Composite Index (000001.SS)
YTD	+45.86%	+0.52%
1-Year	+183.96%	+6.81%
3-Year	+262.61%	+10.29%

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Related News

US-China tariff agreement may add fuel to 'Magnificent 7' stock rally

Why US-China tariff agreement isn’t super bullish for stocks

Amazon offers peek at new human jobs in an AI bot world

Microsoft and OpenAI may be renegotiating their partnership

Chegg to lay off 22% of workforce as AI tools shake up edtech industry

Digital Payment Update - Europe's Payment Future Embraces Digital Wallet Innovation

New York Fed Uplifts Q2 GDP to 2.42%

Novo Nordisk Tumbles as Lilly's Zepbound Shows Greater Weight Loss in Trial

Google to pay Texas $1.38bn in data-privacy settlement

CoreWeave's $1.5B Debt Strategy: Navigating AI Growth and Financial Challenges

Institutions own 45% of Alibaba Group Holding Limited (NYSE:BABA) shares but individual investors control 48% of the company

Nvidia's China Gamble: Will the Downgraded H20 Chip Keep Its AI Reign Alive?

5 Things to Know Before the Stock Market Opens

Google Cloud to power UniCredit’s digital transformation

These High-Growth Stocks Were Down Over 50% This Year. Is It Time to Buy Them?

Three Stocks That May Be Priced Below Their Estimated Value In May 2025

Trump’s Vow to Cut US Drug Prices Drags Pharma Stocks Lower

AI Chips Update - Revolutionizing Game Development with AI-Powered Visual Tools

US-China tariff reprieve doesn't tackle the big e-commerce trade in small packages

Market Chatter: Microsoft, OpenAI Negotiating to Unlock New Financing, Future IPO for ChatGPT Parent

Performance Overview