Author: Daniel snow

The stock market has been on a tear over the past month as Wall Street celebrated signs of progress in U.S. tariff negotiations and easing trade tensions with China. Since our last Monthly Meeting on April 16 through Tuesday’s close, the S & P 500 jumped 12.6%, while the tech-heavy Nasdaq gained more than 17.3%. (The Club’s May Monthly Meeting l ivestreams at noon ET on Wednesday.) This is a big reversal for stocks, which plummeted after President Donald Trump announced wide-reaching “reciprocal” tariffs on April 2. A week later , Trump issued a 90-day pause on the majority of…

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An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025.Cfoto | Future Publishing | Getty ImagesXpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations.The stock had pared gains to rise 5.23% at 12:44 p.m. London time.Here’s how Xpeng did in the first quarter versus LSEG estimates:Revenue: 15.81 billion Chinese yuan ($2.18 billion), up 141.5% year-on-year and comparing with 15.1 billion yuan expected.Net loss: 660 million yuan, versus a 1.4 billion yuan loss expected and…

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Google DeepMind Demis Hassabis and Google co-founder Sergey Brin sat for an interview at Google I/O.Jennifer EliasGoogle on Tuesday announced that it’s getting back into the smart glasses game, and co-founder Sergey Brin said that this time will be different. “I’ve learned a lot,” Brin said Tuesday at a fireside chat during the annual Google I/O developer conference. His appearance came after Google announced a partnership with Warby Parker, which saw its stock rise more than 15% after the two companies said they plan to launch a series of smart glasses as soon as next year. The glasses will be built on…

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