Real Vision: Finance & Investing

Tariff Ruling, Nvidia’s Blowout Earnings, and Global Sentiment Uptick: PALvatar Market Recap, May 29 2025

May 29, 2025
Get ready for a whirlwind of market insights! A U.S. court has blocked controversial tariffs, propelling equities and the dollar upwards. Nvidia dazzles with impressive earnings despite trade challenges, while tensions linger with new U.S. export restrictions to China. Meanwhile, Elon Musk shifts his focus back to Tesla, stepping away from advisory roles. Global consumer sentiment is rising in Japan and Italy, fueling optimism. Plus, surprise inventory drops are driving U.S. oil prices up!
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INSIGHT

Tariff Ruling Lifts Markets

  • A US federal court blocked Trump's Liberation Day tariffs, ruling the president exceeded authority using emergency provisions.
  • This decision increased investor risk appetite, boosting equities and the US dollar amid expectations of lower inflationary pressures.
INSIGHT

Nvidia Soars Amid Export Curbs

  • Nvidia's quarterly revenues rose 70% despite export restrictions to China.
  • Meanwhile, the White House further tightened export curbs, escalating the US-China trade tensions.
ANECDOTE

Elon Musk’s Government Departure

  • Elon Musk left government advisory roles to focus on Tesla.
  • His cost-cutting department claimed to reduce federal spending by $175 billion, though verification is difficult and goals fell short.
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