Financial News

Trump says his tariff war is working. Here's what America's own numbers actually show

By the standards Trump uses to measure his success, there has been no progress, David Olive writes.

Republicans are delivering on affordability | Rep. Troy Downing

A little over one year ago, the American people gave Republicans in Congress and the White House a mandate: reverse course on four years of disastrous Biden Administration policy that had hollowed America into a shell of its former glory.

AMD clinches second mega chip supply deal, this time with Meta

SAN FRANCISCO: Advanced Micro Devices said on Tuesday it has agreed to sell up to $60 billion worth of artificial intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to purchase as much as 10% of the chip firm.AMD shares rose more than 10% in premarket trading after closing at $196.60 in the previous session.The company had signed a similar pact with OpenAI last year, which was hailed as a vote of confidence in its chips and software, significantly boosting its stock price.A recent slew of chip supply agreements underscores huge appetite for processors from the AI industry. Meta has separately struck a deal with AMD’s larger rival Nvidia to buy millions of AI chips.The partnership underscores the deepening ties among some of the AI industry’s top players amid rising concerns around circular deals.Meta and OpenAI are set to own a stake in one of their most significant suppliers at a time when rival chipmaker Nvidia is eyeing investments in some of its largest customers, including the ChatGPT parent.READ MORE: Reliance, Adani drive India’s AI push with plans to invest $210 billionAMD will supply six gigawatts’ worth of chips to Meta, starting with one gigawatt of the company’s forthcoming MI450 flagship hardware in the second half of this year, AMD CEO Lisa Su told a news briefing.Investor worries about the AI market also extend to the long wait for significant payoffs from Big Tech’s relentless spending to expand data center infrastructure.Capital expenditure from Alphabet, Microsoft, Amazon.com and Meta is expected to total at least $630 billion this year, according to Reuters calculations, with most of the spending focused on data centers and AI chips.In addition to the AMD’s flagship graphics chips, Meta also plans to buy central processors, including a variant that will be customized for the social media platform’s needs.The custom CPU will be tuned to deliver powerful performance while keeping energy consumption as low as possible, Su said. The deal will include two generations of AMD’s CPUs.“So no question Mark is very, very ambitious in what he wants to accomplish, and we want to use every aspect of our technology to really help Meta to accomplish that,” Su said, referring to Meta CEO Mark Zuckerberg.Meta helped contribute to the MI450 design that is optimised for a computing process known as inference, which is when a chatbot such as OpenAI’s ChatGPT responds to a user’s queries.Industry analysts expect the market for inference hardware to dwarf the size of the market for the equipment needed to build the large models AI runs from.As part of the agreement, AMD will issue a warrant for 160 million shares with an exercise price of one cent.The warrant will vest over the course of the deal and will do so after AMD stock price hits rising performance targets up to $600. In addition to the stock price targets, there are “technical and commercial considerations” for each tranche of the warrant that Meta needs to fulfill.“Meta is making a big bet on AMD,” Su said.Meta plans to continue to buy chips from other vendors and develop its in-house processors at the same time, Santosh Janardhan, Meta’s infrastructure head, said in a call with reporters.Meta has been in talks with Google about using the company’s tensor processors for AI work, sources have said. The scale at which Meta is building data centers and infrastructure requires multiple chip vendors and approaches, Janardhan said.“All of the chip makers end up having sort of a seat at the table,” Janardhan said.

Markets ‘exhausted’ from the topic of tariffs, with the worst left behind, says analyst

The constant battle over tariffs in the last year has “exhausted” stock markets, which are likely to see big wins in technology earnings and metal prices this year, according to a market analyst.

Tampa casino names new president

There’s a new president in charge at the Seminole Hard Rock Hotel & Casino in Tampa — one in a slew of new appointments Seminole Gaming and Hard Rock International made across the country this month. According to a release, Travis Lunn, 52, has been named the president of the organization’s Tampa hotel and casino. A new addition to the organization, Lunn will report to David Hoenemeyer, the chief operating officer of Seminole Gaming. Seminole Gaming manages six Florida casinos for the Seminole Tribe of Florida, including the Hard Rock Hotel & Casino in both Tampa and Hollywood. The Tampa Hard Rock is the largest in Seminole Gaming’s portfolio. “These appointments reflect both the exceptional talent within our organization and hte caliber of new leaders we’re bringing to our team,” Jim Allen, Chairman of Hard Rock International and CEO of Seminole Gaming, says in the release. Lunn brings more than 25 years of gaming and hospitality leadership experience to his new role. He most recently worked for MGM Resorts international, serving as president and COO of Mandalay Bay, The W, Luxor and Four Seasons, according to the statement. Lunn’s career also includes leadership roles at The Borgata Casino and multiple roles in the MGM Resorts Southeast Group, overseeing Mississippi’s Beau Rivage Resort & Casino in Biloxi and Gold Strike Casino Resort in Tunica. Lunn also held leadership positions at the MGM Grand Las Vegas and the Venetian and The Palazzo resorts.

Stuckey announces bid for Georgia House District 70

Melissa Stuckey, a Newnan business executive and community leader, has announced her candidacy for the Georgia House of Representatives in District 70.

Telefonica Brasil (NYSE:VIV) Hits New 52-Week High on Earnings Beat

Telefonica Brasil S.A. (NYSE:VIV – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday following a stronger than expected earnings report. The company traded as high as $16.55 and last traded at $16.5520, with a volume of 290024 shares changing hands. The stock had previously closed at $16.24. The [...]

Oric Pharmaceuticals (NASDAQ:ORIC) Shares Up 7.9% on Earnings Beat

Shares of Oric Pharmaceuticals, Inc. (NASDAQ:ORIC – Get Free Report) traded up 7.9% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $12.59 and last traded at $12.63. 2,354,486 shares were traded during trading, an increase of 50% from the average session volume of [...]

Stock market rebound seen lower

THE Philippine Stock Exchange index (PSEi) is expected to rebound in 2026, but analysts have lowered their target to 6,800, down from 7,100 previously, given governance concerns, a likely end to monetary policy easing and global trade dynamics.Unicapital Securities Inc. on Tuesday noted that valuations remained attractive, trading at a forward price-to-earnings ratio of around 10.5x, below the 10-year average of 16.4x.Wendy Estacio-Cruz, head of research at Unicapital, said the revision reflected several key factors.“[N]umber one, the corruption scandal. We still think that infrastructure spending will take time to recover and might see some impact on the second half of the year," she said."Next is monetary policy — we’re seeing a pause after these 25 basis points, which is our house view. And then lastly is the geopolitical tension and the US tariffs."Dennis Lapid, officer-in-charge of the Monetary Policy Sub-Sector at the Bangko Sentral ng Pilipinas, highlighted the inflation outlook during the same event.“Our forecasts indicate a slight uptick in inflation this year, largely due to supply-side actors. While these price pressures are likely to be temporary, they nonetheless require continued vigilance owing to possible spillover effects.”Unicapital analysts said the PSEi’s recovery would be supported by a rebound in public infrastructure spending (P1.3 trillion in 2026, or 4.3 percent of GDP) and ongoing governance reforms, which are expected to restore investor confidence.“Our strategy for 2026 is defensive yet opportunistic,” Estacio-Cruz said. “We are prioritizing balance sheet strength and earnings visibility while maintaining selective exposure to structural growth themes.”The firm also recommended a 15-stock high-dividend basket with an average 2026 expected yield of 5.6 percent, including AREIT, Maynilad Water, and Puregold Price Club.

Why United States Antimony Stock Is Soaring Today

A new joint venture has analysts waxing bullish about this mining stock.

Is a 60% stock allocation right for you? Here’s a new way to fine-tune your asset mix

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Bitcoin Break-Even Trap Is Killing Every Rally as Buyers Strike