News

Google is considering restructuring its TPU division into a separate department, but there are no corresponding plans yet. Google is in talks to invest about $100 million in the startup FluidStack. (The Wall Street Journal)

Jinse Finance reported that Ebury market strategist Matthew Ryan stated that the market should not place too much hope on the U.S. Supreme Court's decision to overturn Trump's global trade tariffs. He noted that this decision was widely anticipated, and in any case, Trump is likely to quickly turn to other means to implement trade restrictions. Ryan said: "(Trump) has a variety of tools at his disposal to circumvent this ruling. This means that although we may see some short-term disruptions, as long as the White House can replicate this system through alternative methods, his long-term tariff strategy is unlikely to be derailed."

After the Supreme Court ruled that some of President Trump's tariffs were illegal, commodity analysts and investors are uncertain about the next steps for global trade. Commodity futures generally reacted mildly after the decision was announced. This situation is unprecedented and is making traders nervous. Karl Setzer of Consus Ag Consulting said, "We've never seen anything like this before. We're not even sure if this means the tariffs that have already been collected must be refunded, or even which tariffs will be removed." The US Dollar Index fell by 0.3%, precious metals rose, crude oil declined, and agricultural futures were mixed.