Reduction of US credit rating calls the challenge

Last week, US shares jumped at the back of the trading truce between America and China in which they mutually agreed to cut tariffs by 90 days. Technology stocks flew off, and Tesla and Nvidia are packed. However, there is no new developments on the tariff front, however, it is unclear whether this live mood lasts.

First, the US credit rating was reduced by Moody’s ratings to the second. This means that investors may require greater profitability for us, Treasury against the background of their allegedly less reliability. Increasing the Treasury, in turn, can press on stocks. Although Moody is just last To join the Standard & Poor’s and Fitch ratings, pressing the US from the highest ranking – which has done it in 2011 and 2023 – it can send another crack through the already delicate stock market.

Although Nvidia has become one of the winners of the rally last week, it is still fighting with restrictions on chips to China and increased control over its business activity. This is a big deal because China’s artificial intelligence sector “Not behind“It is in the US and probably will reaches about $ 50 billion For three years, according to Nvidia Jensen Huang. The loss in this market would be a “huge loss,” he added.

Or maybe last week’s rally will count on headlines that will come from the White House this week.

Moody’s cuts US credit rating
Gloomy Rating reduced the US Sovereign credit rating underneath one slicing up to AA1 from AAAWhich is the highest as possible, citing the gravity of financing and debt of the federal government. Treasury Secretary Scott Sevents on Sunday called a lowering A “The indicator of the lag“Claiming that this reflects the conditions during the Biden administration.

Retail sales in China are disappointed
In April, retail sales in China grew by 5.1% Year earlier, lower than 5.5%expected by the Reuters survey, and The March is 5.9%Assuming that consumer habits are still muted. Industrial production increased by 6.1% in April an annual basis – while from 7.7% March 7.7%, it overcame the 5.5% estimate, covering some fears that the US tariffs in China will greatly depress the plant.

Winning the Week for US shares
All major US indices grew on Friday. For a week, S&P 500 grew by 5.3% and Dow Jones Industrial Medium They rose by 3.4%. A Nasdaq Composite jumped out at 7.2% on the back Strong shows from technological stocks such as as Tesla and NvidiaWhich a week jumped by 17% and 16% respectively. US futures slipped on Sunday Evening states. Asia-Pacific markets fell on Monday. Mainer Chinese CSI 300 lost about 0.3% on digital retail sales from Beijing.

Nvidia denies sending china structures to China
Following for a report In financial times when Nvidia is working on the research and development center in Shanghai in light New American export curbsThe manufacturer of the chips said CNBC that’s’By sending no GPU designs to China To be changed to execute export elements. “A source familiar with this issue said CNBC that the company rents a new space for current employees but sends no IP or GPU designs there.

Biden with prostate cancer
On Friday, former US President Joe Biden was diagnosed “aggressive” form of prostate cancersaid his office on Friday. “Cancer appears to be sensitive to hormones that allows effective management,” the office added.

(Pro) China certifies the pilot plane
As companies like tesla and Alphabet-Wow Waymo seeks to become the first in the market with cars without drivers, one company received certification from China this week to fly without pilot aircraft. Bank of America says it is Time to buy stocks on the firm’s list.

Get acquainted with the steady fashion launch backed by H&M and Amazon

When Gilbert Lurera spent the summer, working at a textile factory in a teens growing in Portugal, he found that he feels that “hatred and love” for how clothes were produced.

“I really love the textile industry and problem solving, but I hate it … Inspectorate and ineffectiveness and waste. This is really one of the most difficult jobs in the world,” Lurera CNBC said through a video call.

After obtaining a master’s degree in physics, he co -based Smartex, a technology company that uses cameras, vision software and artificial intelligence to detect textile defects during production and therefore reduce the fabric share. Loureiro claims that technology has prevented 1 million kilograms Fabrics from campaign to waste over the last three years.