Reports swirl that the Trump administration is weighing tightening export controls. In his confirmation hearing Howard Lutnick, now commerce secretary, threatened to take a hard line on technology sales to China,
Elon Musk and DOGE run into a few roadblocks, consumer confidence drops for third month as recession worries grow, and more news to start your day.
Tech companies with a combined market valuation of more than $8 trillion are urging the Trump administration to rethink chip export restrictions that they fear will push US allies into the arms of Chinese competitors.
US stocks open up after strong, not stellar, Nvidia earnings curb enthusiasm. Trump's tariff talk also adds uncertainty. Inflation data due Friday.
Nvidia stock rises after its largest post-earnings daily percentage since November 2018, Dell falls after issuing mixed guidance, and HP Inc. is laying off 2,000 more employees under a cost-cutting plan.
Bitcoin falls below $85,000, dragging the crypto market further into decline. The global crypto market cap is down $1 trillion from its December peak. Nvidia