News

Stocks surge after U.S.-China tariff agreement made

U.S. stocks rebound as U.S.-China agree to cut tariffs, boosting market confidence and optimism over trade tensions.

Published

10 months ago

May 13, 2025

Ahron Young

U.S. stocks rebound as U.S.-China agree to cut tariffs, boosting market confidence and optimism over trade tensions.

In Short:
U.S. stocks rebounded significantly after an agreement between the U.S. and China to reduce tariffs. Major indices like the Dow and S&P 500 saw notable gains, driven by positive negotiations and increases in tech stocks.

U.S. stocks experienced a significant rebound on Monday after the U.S. and China reached an agreement to temporarily reduce tariffs following negotiations in Switzerland.

The Dow Jones Industrial Average increased by 1,113 points, or 2.6%, remaining strong throughout the session. The S&P 500 rose by 3%, marking over a 20% gain since its low in April amid tariff concerns. It has now reduced its year-to-date losses to 0.9%.

The Nasdaq Composite gained 4%, boosted by an increase in technology stocks linked to China, such as Tesla and Apple.

Treasury Secretary Scott Bessent described the talks with China as “very productive”. The U.S. has reduced tariffs on Chinese goods to 30%, while China has lowered tariffs on U.S. imports to 10%. Bessent indicated further meetings with Beijing representatives are anticipated in the coming weeks to work on a more comprehensive agreement.

Tesla shares rose by 6%, while Apple and Nvidia followed closely with increases of 6% and 5%, respectively. Companies heavily reliant on Chinese goods saw some of the largest gains, with Best Buy and Dell Technologies both increasing by 8%, and Amazon also rising by 8%.

Investment strategist Jeff Kilburg noted that market rallies were driven by investor surprise at the rapid progress of the tariff negotiations. Tensions between the U.S. and China had escalated sharply in April but recent developments have led to a recovery in stock prices.

News

B-1 bombers hit Iran in Operation Epic Fury

U.S. deploys B-1 bombers over Iran for first Middle East mission since 1998, targeting ballistic missile sites.

Published

1 hour ago

March 3, 2026

Harvey Vargas

U.S. deploys B-1 bombers over Iran for first Middle East mission since 1998, targeting ballistic missile sites.

The U.S. Air Force has sent its B-1B Lancer bombers deep into Iran to target ballistic missile sites as part of Operation Epic Fury. This mission marks a serious escalation in Middle East tensions and showcases the strategic reach of American air power.

The Lancer can fly at supersonic speeds and carry up to 75,000 pounds of bombs, making it a cornerstone of U.S. strategic bombing operations. Its long-range capability allows precise strikes on critical targets.

This mission marks the Lancer’s return to the Middle East nearly 25 years after its first combat operation during Operation Desert Fox in 1998. Centcom has not revealed the exact munitions used.

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News

Iran live updates: Trump Says Iran strikes to continue for four to five weeks

Published

1 day ago

March 2, 2026

Ahron Young

What’s happening in the Middle East?

President Donald Trump says Iran’s Supreme Leader Ayatollah Ali Khamenei has been killed, with Iran now entering a transitional period under a three man leadership council
Trump says U.S. strikes on Iran could last four to five weeks, outlining objectives including destroying missile capabilities, dismantling Iran’s navy and preventing it from obtaining a nuclear weapon
The U.S. military confirms four American service members have been killed, and the White House says U.S. forces have destroyed and sunk nine Iranian naval ships
Iran says it sees “no limit” to its right to self defence and will not negotiate, as missile and drone attacks continue across Israel and Gulf states
More than 500 Iranians have been killed in U.S. and Israeli strikes, with additional deaths reported in Lebanon, Israel and the UAE
Shipping, aviation and energy markets have been disrupted, Qatar has halted LNG production, UAE stock markets have closed temporarily, and oil and gas prices have surged

News

Israel strikes Tehran anew as conflict escalates and global markets react

Israel strikes Tehran after Khamenei’s death; U.S. warns of prolonged conflict as tensions escalate in the Middle East.

Published

1 day ago

March 2, 2026

Harvey Vargas

Israel strikes Tehran after Khamenei’s death; U.S. warns of prolonged conflict as tensions escalate in the Middle East.

Israel has launched a new wave of strikes on Tehran, following the reported killing of Iran’s Supreme Leader, Ali Khamenei. U.S. President Donald Trump has warned the campaign could last up to a month, framing the operation as a move to prevent Iran from acquiring nuclear capabilities.

Iran has retaliated with missile attacks, while its Revolutionary Guards claim responsibility for assaults on oil tankers in the Gulf. The escalating hostilities are already disrupting global shipping lanes and air travel, sending shockwaves through international markets.

With reports of the first U.S. casualties emerging and Washington declaring the Tehran operation a success, tensions across the Middle East are intensifying rapidly. The question now is how far this conflict could spread — and at what cost.

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