Trump's trade strategies are facing challenges from the courts, leading companies to adapt their operations, while China seeks to strengthen ties with Pacific Island nations amidst US retreat, and the BoE governor wants closer EU ties.
Trump is directly criticizing the Fed's interest rate policy and a foreign tax provision in his budget bill is causing concern on Wall Street.
Several companies including Costco, Ulta, Dell, and Microchip are adjusting their outlooks in response to market conditions and demand, particularly related to AI, while others are reporting earnings.
Other business news includes Ben & Jerry's controversial statement on the Gaza conflict, Elon Musk's lieutenant leaving DOGE, United Airlines returning to JFK, the philosophy behind Elon Musk's actions, rising prices impacting consumer behavior, crackdowns on the trade of computer chips with China, and roundups of various market sectors.