Trump, EU
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But this week all eyes will be on Powell as he holds a solo press conference Wednesday that will be must-watch TV amid the political drama.
U.S. energy stocks jumped Monday after President Donald Trump secured a $750 billion trade agreement with the EU that includes a major boost in U.S. energy exports, according to Benzinga. The deal marks a sharp increase from the current $100 billion in annual imports and is being hailed as a structural shift that could drive long-term growth.
In a recent episode of the AI Investor Podcast (embedded above), host Austin Smith and technology analyst Eric Bleeker discussed the implications of the Big Beautiful Bill on the tech industry, particularly regarding artificial intelligence and domestic manufacturing.
Asian stocks struggled for clear direction on Wednesday, with investors cautious after trade talks between the U.S. and China ended without any substantive agreement and ahead of the Federal Reserve's policy announcement.
The yield on the 10-year hit a 52-week high of 4.896% on January 13, a week before Trump's second inauguration, and traded as low as 3.860% on April 4 before spiking to 4.607% on May 21, then settling at 4.431% on July 18.
Though an abundance of news has whipsawed Wall Street during this timeline, including quarterly operating results, a U.S. debt downgrade, and geopolitical tensions in the Middle East, the one common link fueling this rollercoaster ride is President Donald Trump's tariff and trade policy.
Euro falls against dollar, with Trump's tariffs seen as slowing European growth