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1 week ago | 
axios.com | Pete Gannon
Illustration: Lindsey Bailey/AxiosSpending on artificial intelligence isn't slowing, and tariffs — so far — aren't taking a huge toll on business, Big Tech told us this week. Why it matters: A slew of tech giants just delivered solid earnings, providing at least some answers to burning questions about how the industry is faring in the midst of President Trump's trade war.
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2 weeks ago | 
axios.com | Emily Peck |Pete Gannon
President Trump rejected any blame for the stock markets's slide this year in a post Wednesday morning: "This is Biden's Stock Market, not Trump's. I didn't take over until January 20th," he wrote on Truth Social.
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2 weeks ago | 
flipboard.com | Emily Peck |Pete Gannon
Trump insists this is ‘Biden’s Stock Market’ in wake of tariff turbulencePresident Trump on Wednesday blamed turbulence in the stock market on his predecessor despite it being sparked in the wake of his widespread tariff …
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2 weeks ago | 
axios.com | Pete Gannon
Apple is reportedly moving on a plan to drastically and quickly ramp up iPhone assembly out of India, all but eliminating U.S. imports of the phones from China by the end of 2026. The big picture: The move suggests that Apple — whose CEO, Tim Cook, has kept close to President Trump — is not holding its breath for any favorable end to the Trump-China trade war.
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3 weeks ago | 
axios.com | Pete Gannon
The Trump administration today officially acknowledged what businesses have been saying for weeks: The trade war with China is "unsustainable" in its current form. Besides that, however, businesses and investors are no clearer on what a trade agreement might actually look like when the dust settles.
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1 month ago | 
axios.com | Pete Gannon
Illustration: Sarah Grillo/AxiosAs the U.S. heads into earnings season, Wall Street executives raised caution Friday over an economy gummed up by economic uncertainty. Why it matters: Between sliding consumer sentiment and forecasts of slowing economic growth, the latest comments from Big Bank earnings calls add to the emerging picture of an economy on edge.
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1 month ago | 
axios.com | Pete Gannon
President Trump's tariffs are set to go into effect at midnight, and at least for now â with roughly six hours to go â the White House appears poised to slap a triple-digit levy on China. State of play: "Negotiations" has been the word of the day. The White House has spent much of Tuesday touting the "massive amount of requests" for talks from the roughly 80 trading partners set to be hit with tariffs tonight.
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1 month ago | 
axios.com | Pete Gannon
Stocks cratered for a second day following a tariff retaliation from China and a signal from the Fed that it won't be coming to the rescue. The S&P 500 fell another 6%, and it's now fallen 10.5% in two days — the largest two-day drop in five years, which sent it back firmly into correction territory. The Nasdaq shed another 5.8%, bringing its two-day drop to 11.4%, and putting the tech-heavy index into a bear market — down over 22% from its high in February.
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1 month ago | 
axios.com | Pete Gannon
Eric Trump and Donald Trump Jr. Photo: Chip Somodevilla/Getty ImagesTwo of President Trump's sons are investing in a new bitcoin mining venture. Why it matters: The deal further expands the first family's business interests in the crypto industry, even as President Trump continues to push favorable digital currency policies. Driving the news: Eric Trump and Donald Trump Jr. have inked a deal with the publicly traded bitcoin mining company Hut 8 to create the new company, American Bitcoin Corp.
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1 month ago | 
flipboard.com | Pete Gannon
3 hours agoAI-Infused Blockchain Ambient to 'Replace Bitcoin,' Says Co-FounderA new artificial intelligence-infused blockchain with Andreseen Horowitz's backing is "ultimately designed as a replacement for Bitcoin," according …5 hours agoApple and Elon Musk go head-to-head over satellite connectivityApple’s move to build satellite connectivity into the iPhone reportedly faces pushback from Elon Musk, owner of the rival Starlink satellite service.
