Trump said he's poised to unveil a "major" trade deal, boosting optimism that the tide has turned in the tariff hostilities.

Powell says Trump tariffs could delay inflation progress — and rate cuts — by a year. A currency-market ‘avalanche’ is heading for the U.S. dollar, and the tremors started this week.

The rule was criticized by AI chipmakers Nvidia ( NVDA, +0.3%) and Advanced Micro Devices ( AMD, +1.3%), and both stocks gained on today's news.