Li Chenggang was appointed as the country's international trade negotiation representative and as the Vice Minister of the Ministry of Commerce, replacing Wang Shouwen
Markets just gapped down overnight! Combine that with *stacked ranges* on the tick charts, and this Slingshot Reversal could be our easiest win of the week!
Commenting on Nvidia’s disclosure, Wedbush analyst Daniel Ives said, “The financial impact is small relatively, but the strategic blow is the focus of the market."
Compared to last week’s chaos, Tuesday felt like a relative lull — a calm mostly engineered by the Fed and Treasury flashing their bond market backstop badges.
Wall Street gained ground by midday trading on Tuesday, as investor concerns over the economic impact of trade tensions continued to ease following recent signs that the Trump administration was taking a more conciliatory approach.
UBS noted that its proprietary viewership tracker shows a rebound in consumption following a slowdown linked to Netflix’s paid-sharing crackdown and delayed content releases.
The spread between the best and the worst performing sectors year to date has widened sharply to more than 19 percentage points, based on a set of ETFs.
The Federal Deposit Insurance Corp. initially sought approximately $1 billion in unpaid assessments and another $1 billion in alleged profits from underreporting risk in its lawsuit against the Bank of America.
Provision for credit losses increased to $219 million during the quarter from $155 million in the same period a year ago, reflecting changes in macroeconomic factors and portfolio activity.
Total revenues rose 3% year-over-year to $21.59 billion compared to a Wall Street estimate of $21.29 billion, driven by growth in each of Citi’s five interconnected businesses.
After two consecutive sessions of gains, the market heads into Tuesday focused on quarterly results from Bank of America, Citigroup, and Johnson & Johnson.
