U.S. stocks popped up last week after a trade truce between the U.S. and China, and they jointly agreed to cut tariffs of 90 days. Technology stocks soared, with Tesla and NVIDIA leading the way. However, due to the lack of new developments in tariffs, it is not clear whether this buoyancy sentiment can continue.

First, Moody's rating lowered the U.S. credit rating to the second highest. This means investors can demand higher returns from the U.S. Treasury under ostensibly reduced trustworthiness. Rising output from the treasury may in turn put pressure on stocks. While Moody's is just joining the latest from S&P and Fitch ratings, lowering the U.S. from the highest ratings, which did so in 2011 and 2023, it could create another crack through the already fragile stock market.

Although NVIDIA was one of the winners of last week's rally, it is still fighting for restrictions on chip exports on China and has reviewed its business activities. This is important, as NVIDIA CEO Jensen Huang said China's artificial intelligence division "does not lag behind the United States" and could reach $50 billion in three years. He added that losing in this market would be a "huge loss".

So, whether last week's rally can be relied on, then, headlines from the White House this week will be coming from.

Moody's cuts our credit rating
Moody's rating lowers the U.S. sovereign credit rating AAA's AA1 is likely to be the highest, citing growing funding for federal government budget deficits and debt. Treasury Secretary Scott Bessent called the downgrade to a “lagged indicator” on Sunday, claiming it reflects conditions during the Biden administration.

Retail sales in China are disappointing
In April, retail sales in China rose 5.1% from the same period last year, down from 5.5% in Reuters polls, while March’s figure was 5.9%, suggesting that consumers’ spending habits remain. Industrial output grew 6.1% annually, which slowed down from a 7.7% increase in March, but was estimated at 5.5%, which raised concerns that U.S. tariffs would severely reduce Chinese factory activity.

US Stocks Victory Week
All major indexes in the United States were on Friday. This week, S&P 500 Soaring 5.3%, Dow Jones Industrial Average Climbing 3.4%. this Nasdaq Composite Materials In technology stocks (e.g. Tesla and Nvidiajumped 17% and 16% this week respectively. U.S. futures slipped on Sunday night. Asia-Pacific markets fell on Monday. Mainland China's CSI 300 lost about 0.3% of its retail sales data in Beijing.

NVIDIA denies sending chip designs to China
In a report in the Financial Times, NVIDIA is working at the Research and Development Center in Shanghai in view of new export restrictions, the chip maker told CNBC that “no GPU design was sent to China for modifications to comply with export controls.” A source familiar with the matter told CNBC that the company is renting new space for current employees but has not sent any IP or GPU designs here.

Biden has been diagnosed with prostate cancer
Former U.S. President Joe Biden was diagnosed with "aggressive" form of prostate cancer on Friday, his office said Friday. "Cancer appears to be hormone-sensitive and can be managed effectively," his office added.

(Pro) China certified pilot-free aircraft
As Tesla and letter-Owned Waymo is trying to be the first company in the market to own driverless cars, a company that received certification from China this week for flying flightless aircraft. Bank of America It is said it is time to buy the company's listed stocks.

Sustainable fashion startups supported by H&M and Amazon

When Gilberto Loureiro grew up in Portugal, he found himself feeling "hate and love" about the way clothes were produced.

"I really like the textile industry and problem-solving industries, but I hate that...checking work, inefficiency and waste. It's really one of the hardest jobs in the world," Loureeiro told CNBC via video call.

After earning his master's degree in physics, he co-founded SmartEx, a technology company that uses cameras, vision software and artificial intelligence to find defects in production, thus reducing the proportion of waste fabrics. Loureiro claims the technology has prevented 1 million kilograms of fabric waste over the past three years.