China’s metals association proposes capacity caps amid oversupply

Nvidia is facing uncertainty regarding its potential return to the Chinese market following a recent meeting between President Trump and President Xi. This meeting could have significant implications for tech companies like Nvidia, as the relationship between the U.S. and China continues to evolve. Investors and industry analysts are closely watching how these discussions might influence trade policies and market access for American firms in China.

In a significant diplomatic move, China's President Xi Jinping and Canada's former central bank governor Mark Carney have pledged to strengthen bilateral relations. This commitment is crucial as it reflects a growing recognition of the importance of collaboration between the two nations, especially in areas like trade and climate change. Their discussions signal a potential thaw in relations, which could lead to enhanced cooperation on global challenges.

The ongoing dispute between the UK and China over key embassy buildings is raising concerns about a potential diplomatic cooling between the two nations. Whitehall officials are optimistic that a resolution can be reached, but the tensions highlight the fragility of international relations in a time of geopolitical uncertainty. This situation matters because it could impact trade, security, and cooperation on global issues, making it essential for both countries to find common ground.

With Donald Trump's departure from the political scene, Xi Jinping is poised to take a more prominent role at the upcoming APEC summit. This shift is significant as it could reshape the dynamics of international trade and diplomacy in the Asia-Pacific region, especially in the context of U.S.-China relations. Observers are keen to see how Xi will leverage this opportunity to strengthen China's influence and address key issues such as economic cooperation and climate change.

US stocks are currently near all-time highs, thanks to easing trade tensions between the US and China, which has allowed corporate America to largely ignore tariff pressures. However, this optimistic outlook doesn't mean that Wall Street professionals are feeling secure, especially with rising debt and stock valuations looming over the market. It's a complex situation that highlights the delicate balance between growth and potential risks.

China's industry association has proposed a capacity cap for copper, lead, and zinc production, aiming to stabilize the market and promote sustainable practices. This recommendation is significant as it reflects the country's commitment to reducing overproduction and environmental impact, which could lead to more stable prices and a healthier industry in the long run.

Nvidia's CEO expressed optimism about the potential sale of their Blackwell chips in China, but emphasized that the final decision rests with the Trump administration. This situation highlights the ongoing complexities of international trade and technology transfer, particularly in the semiconductor industry, which is crucial for global tech advancements.

At the Apec summit in South Korea, Canadian Prime Minister Mark Carney delivered a sobering message to Asia-Pacific leaders, declaring that the era of free trade and investment is over. This statement highlights a significant shift in the global economy, as Carney emphasizes the profound changes underway, particularly in light of China's defense of free trade. This matters because it signals a potential reconfiguration of international trade relationships and economic policies that could impact global markets and cooperation.

AbbVie has raised its annual profit forecast, reflecting strong demand for its newer immunology drugs. This is significant as it highlights the company's ability to adapt and thrive in a competitive market, reassuring investors about its growth potential and the effectiveness of its innovative treatments.

AbbVie has raised its full-year profit outlook, driven by strong demand for its psoriasis drug. This positive news reflects the company's robust performance in the pharmaceutical market, highlighting the effectiveness of its treatments and the growing need for solutions in dermatology. Investors and stakeholders are likely to view this as a sign of AbbVie's continued growth and innovation in addressing chronic conditions.

Goldman Sachs CEO David Solomon highlights the immense potential of artificial intelligence as a driving force for U.S. economic growth. However, he cautions that the journey will not be straightforward, indicating that while some will thrive, others may struggle. This insight is crucial as businesses and investors navigate the evolving landscape of AI, making strategic decisions that could determine their success in the future.

Twilio's stock has received a Buy rating from Rosenblatt following the company's record revenue performance. This positive outlook reflects investor confidence in Twilio's growth potential and its ability to capitalize on increasing demand for communication solutions. As businesses continue to prioritize digital transformation, Twilio's strong financial results position it well for future success.

KB Financial reported disappointing earnings, with revenue falling short of analysts' estimates. This news is significant as it reflects the company's struggles in a challenging economic environment, potentially impacting investor confidence and future growth prospects.

Marcus Corporation's shares have seen a slight increase following their latest earnings report, which surpassed expectations despite a small revenue miss. This is significant as it reflects the company's ability to manage costs and drive profitability, which can instill confidence in investors and potentially lead to further growth.