Traders worked on the floor of the New York Stock Exchange on June 3, 2025.
New York Stock Exchange
Over the past week, Washington and Beijing have been trading barbs about breaching their preliminary trade deals. In addition, the high-end steel and aluminum tariffs announced by U.S. President Donald Trump will begin on Wednesday.
Amid all trade tensions, the Organization for Economic Cooperation and Development has cut its U.S. and global growth forecasts this year and has “a tighter financial position in trade, poorer financial position, weaker business and consumer confidence and barriers to aggravating policy uncertainty.”
But investors are still pushing stocks, and NVIDIA regained the crown of the most valuable publicly-owned companies on Tuesday. That said, Sam Stovall of CFRA Research believes that the market will "just bob and knit together until we start to understand more clearly what we think about earnings, GDP growth, etc." until we start to understand more clearly. ”
In other words, recent market earnings cannot indicate a long-term trajectory. Where stocks go will depend on the position of the U.S. economy in the development surrounding tariffs.
Nvidia is the king again
Nvidia Stocks rose 2.8% on Tuesday to close at $141.22, bringing its market cap to $3.45 trillion. Such a move makes chip manufacturers ahead Microsoft's The $3.44 trillion cap means NVIDIA is once again the most valuable public trading company in the world. The stock has soared more than 23% in the past month as NVIDIA's growth even passes export controls and tariffs.
Investors relax Toyota trading
Toyota Industries shares fell 13% on Wednesday, suggesting investors' disappointment with the Toyota Group reported a 47 trillion yen ($33 billion) deal to privatize the company. The deal includes a bidding offer for Toyota Industrial stock, which is 16,300 yen per person, according to Reuters.
Trump's bill is "annoying abomination": Musk
Elon Musk described US President Donald Trump's "big and beautiful bill" as "annoying abomination" in an article on Tuesday, followed by Write The bill "will have greatly increased the already huge budget deficit to $2.5 trillion (!!!). Trump is still forcing U.S. lawmakers to pass the bill, blowing up Rand Paul, who said on CNBC's "Squawk Box" that he "is not open" to support a five-fold trillion in the debt ceiling.
South Korea elects new president
South Korea's opposition leader Lee Jae-Myung won 49.42% of the vote in a quick election, according to the final charges released by the National Election Commission. Lee, who defeated conservative candidate Kim Moon Soo, will become South Korea's new president. The election marked a turning point in the country after former leader Yoon Suk Yeol's martial arts were imposed several months ago.
(Pro) Beware of new stocks in S&P
according to Bank of America. Adding stocks in the index will often add value because funds tracking the benchmark will add it to their portfolio, so investors should pay attention to these moves, which will be announced this weekend.
Texas flags drove by at Tdecu Stadium in Houston on October 21, 2023.
Tim Warner | Getty Images Sport | Getty Images
Tesla launches tech-friendly Robotaxi in Austin
Tesla's long-awaited Robotaxi market (expected to start later this month) Austin, Texas, has become a key battlefield for autonomous driving technology.
CEO Elon Musk wrote in an article on X last week that the company has been testing the Model Y Y vehicle, and it has been a few days without a safety driver in the Texas capital.
But, while the market is still very new, Tesla is already facing a lot of competition. Alphabet's Waymo, Amazon's Zoox, Volkswagen's subsidiary ADMT and Startup Avride already exist in Austin.
"Winners of the space are coming, and it's just a matter of expansion," said Toby Snuggs, head of sales and partnerships at Avride.