The Rundown Nvidia Gets Green Light to Return to China, Big Banks Kick Off Earnings Season
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Jul 15, 2025 Recent gains in the S&P 500 and NASDAQ are analyzed amid President Trump's tariff threats. NVIDIA's market cap soared to $4 trillion after greenlighting H20 chip sales in China, promising significant revenue growth. As trade tensions ease, major banks reveal mixed earnings with JP Morgan thriving while Wells Fargo struggles. Citigroup shares surge on market optimism, and Apple makes a bold move by investing in rare earth materials. Plus, a whimsical new Uno social club event adds a delightful twist to the financial discourse.
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Nvidia's China Chip Resurgence
- Nvidia has regained permission to sell its tailored H20 chips in China, reversing a costly export ban by the Trump administration.
- This move opens billions in revenue and signals a possible easing of US-China trade tensions, boosting investor confidence.
Big Banks Beat Tariff Fears
- Despite tariff uncertainty, major banks like JP Morgan and Citibank posted strong earnings and growth in investment banking and trading.
- This resilience suggests that deal making and market volatility are driving unexpected revenue gains.
Apple Invests in US Rare Earths
- Apple's $500 million investment in MP Materials boosts US rare earth mining and magnet production.
- This move reduces reliance on Chinese exports critical for tech and defense, aligning with national security goals.