India and U.S. reach trade deal, markets shrug off precious metals plunge


US President Donald Trump and Indian Prime Minister Narendra Modi shake hands during a joint press conference at the White House in Washington, DC, the United States, on February 13, 2025.

Kevin Lamarque | Reuters

The world’s largest economy strikes a deal with its most populous country.

US President Donald Trump on Monday announced that the US would reduce so-called reciprocal tariffs on India increased from 25% to 18%. As part of the deal, New Delhi will “buy American products at a higher level” and stop buying oil from Russia. Trump said India would import from the United States and possibly Venezuela.

Even as countries pledge more trade and investment with Washington, tourists appear to be staying away from the U.S. — at least according to disney. international visit The media group reported on Monday that U.S. theme parks were “softer” in the fiscal first quarter and faced headwinds. After Disney released its financial report, its stock price plummeted 7.4%.

However, major U.S. stock indexes climbed on Monday, shrugging off recent volatility. sharp decline Gold and silver. this S&P 500 Index 0.54% was added, and Dow Jones Industrial Average up 1.05%. although NVIDIA Reports suggest it plans to drop 2.9% Invest $100 billion In Open Artificial Intelligence has stalledled by technology Nasdaq Composite Index up 0.56%.

The Reserve Bank of Australia will announce its interest rate decision later today and is expected to buck the trend of central banks easing monetary policy. Analysts expect RBA to raise interest rates Inflation exceeds expectations and Strong laboratory market.

What you need to know today

SpaceX is acquiring startup xAI, Announce Elon Musk in a blog post on Monday. The combined company is gearing up for a massive initial public offering, with shares expected to price at Valuation: $1.25 trillionreports Bloomberg.

Oracle’s credit default swaps plummet, 5 year swap plunged 17%. Oracle announces plans to boost investor confidence Plans to raise $50 billion In terms of debt and equity.

What happened to Bitcoin? The cryptocurrency has fallen about 12% in the past seven days, falling below $80,000 over the weekend – the first time it has reached such levels since April 2025. One reason for its sharp decline is that Forced liquidation.

U.S. stocks rose on Monday. point gold and silverBut the losses expanded While trading in the U.S.and Bitcoin Broker strategy down 6.7%. Pan-European Stoke 600 Add 1.03%, make up for previous losses.

(Professional) Robotic Buzz. Musk announced on Wednesday Tesla California factory is being converted into Building the Optimus Prime Robotwhile China’s competitors are Increase delivery volume humanoid robot. Morgan Stanley think these companies All will benefit from the development of the industry.

at last…

China Melancholy: ‘Are You Dead?’ app is dead, ‘Crying Horse’ stuffed toy is about to sell out

While Americans worry about inflation and affordability, Chinese being troubled deflation and economic downturn.

Come and experience Chinese consumer confidence Today, visit Beijing Toy dealer Gao Lan’s frowning horse plush doll for the Year of the Horse is about to be sold out. A factory worker caused a stir in China and became known as the “crying horse” after he mistakenly sewed a smile on a toy backwards, state media reported.

Another measure of depression is the virality of apps Are you dead? Or “Xilime” in Chinese. The app is designed to give people living alone peace of mind that if they die, someone will notice.

— Eunice Yoon



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