Global news
The latest statement from the US Treasury Secretary! Countries that do not negotiate in good faith will receive tariff letters. The tax rate will be the level of April 2
U.S. Treasury Secretary Scott Bessent responded to Moody's downgrade of U.S. credit rating, saying that he didn't trust Moody's very much, and Moody's rating "lagged behind the indicator". Bescent said that U.S. GDP will grow faster than debt growth. Regarding tariffs, Bescent said that many regional agreements will be reached. Bescent said that the United States is focusing tariff discussions on 18 key trading partners. Bescent also said he did talk Saturday withWalmartCEO Macmillan spoke, and Walmart will bear some of the tariffs.
The "90-day suspension period" will be over half in a blink of an eye: Where are the tariff negotiations between the United States and traditional allies stuck?
After the Trump administration launched a reciprocal tariff "offensive" on April 2nd and imposed tariffs on almost all American imports, the United States has drawn up 18 key trade negotiation targets. Now, however, the "90-day" tariff suspension period is approaching more than half. However, except for the rapid trade agreement framework with Britain and the recent tariff pullback/retracement with China, other negotiations of the Trump administration have not achieved "breakthrough progress" that can alleviate high tariffs.
Bad raid! U.S. debt and foreign exchange double kill! Moody's downgrades U.S. credit rating
After Moody's downgraded the U.S. sovereign credit rating by one level from AAA to Aa1, the U.S. bond market plummeted again. Industry insiders pointed out that in early April, the so-called "reciprocal tariffs" launched by the United States led to three kills of U.S. stocks, bonds and foreign exchanges, and global investors began to question the credit of U.S. debt. After Moody's downgraded the U.S. sovereign credit rating, it will aggravate market concerns about U.S. debt.
Company News
AppleAI can't wait for the "iPhone moment": disagreements within executives are revealed, and "new Siri" may jump again
In an in-depth report on Apple's artificial intelligence strategy, tech journalist Mark Gurman details many of the strategic missteps of the Apple Intelligence project. Gurman said that Apple is unlikely to spend a lot of time talking about Siri at this year's WWDC, including future upgrades and features that were already announced (but later postponed) at last year's WWDC.
Buffett stops answering questions at next year's shareholder meeting, leaving the stage to his successor
According to media reports,BerkshireWarren Buffett, the founder and chairman of Hathaway, will sit in the audience at next year's shareholder meeting, instead of taking the stage to answer questions as in previous years-this is a big and important change after he recently announced his retirement.
