Global News
The US Treasury Secretary has made the latest Countries that do not negotiate in good faith will receive tariff letters; tariff rates will remain at the level of April 2nd.
U.S. Treasury Secretary Scott Bessent responded to Moody's downgrade of the U.S. credit rating, saying he didn't have much faith in Moody's and that the rating "lags behind indicators." Besant stated that U.S. GDP growth will outpace debt growth. Regarding tariffs, Besant stated that many regional agreements will be reached. Besant stated that the United States is focusing tariff discussions on 18 key trading partners. Besant also stated that he did indeed meet with...WalmartCEO McMillan had a conversation, and Walmart will bear part of the tariffs.
The "90-day grace period" is almost halfway over: Where are the tariff negotiations between the United States and its traditional allies stalled?
Following the Trump administration's reciprocal tariff "offensive" on April 2, which imposed tariffs on almost all U.S. imports, the United States identified 18 key trade negotiating partners. However, with the "90-day" tariff moratorium now nearing its halfway point, apart from the quickly reached trade agreement framework with the UK and the recent tariff pullback/retracement with China, the Trump administration's other negotiations have not yet achieved any "breakthrough progress" that could alleviate the high tariffs.
Negative news strikes! US Treasury bonds suffered a double blow Moody's downgrades US credit rating
The US Treasury market plummeted again after Moody's downgraded the US sovereign credit rating by one notch from AAA to Aa1. Industry insiders pointed out that in early April, the United States initiated so-called "reciprocal tariffs," which led to a triple whammy of US stocks, bonds, and exchange rates, and global investors began to question the creditworthiness of US Treasury bonds. Moody's downgrade of the US sovereign credit rating will exacerbate market concerns about US Treasury bonds.
Company News
AppleAI can't wait for the "iPhone moment": Reports indicate internal disagreements among executives; the "new Siri" may be delayed again.
In an in-depth report on Apple's artificial Intelligence strategy, technology journalist Mark Gurman detailed many of the strategic failures of the Apple Intelligence project. Gurman stated that Apple is unlikely to spend a significant amount of time talking about Siri at this year's WWDC, including future upgrades and features already announced at last year's WWDC (but later postponed).
Warren Buffett will not answer questions at next year's shareholders' meeting, leaving the stage to his successor.
According to media reports,BerkshireWarren Buffett, the founder and chairman of Hathaway and the "Oracle of Omaha," will sit in the audience at next year's shareholder meeting, instead of taking the stage to answer questions as in previous years—a major change since his recent retirement announcement.
