Putin and Modi Deepen Ties in New Delhi

Steven Rattner, from Willett Advisors, expressed concerns about the U.S. economy's dual nature, highlighting weak consumer spending alongside a thriving tech sector. He emphasized that China is advancing rapidly in electric vehicles, biotechnology, and artificial intelligence, suggesting that U.S. tariffs are unlikely to impede this progress. Rattner advocates for U.S. innovation and effective domestic policies as the primary means of competition against China.

The European Commission has imposed a fine of €120 million on Elon Musk's social media platform, X, citing violations of new digital regulations, including issues related to deceptive practices and user safety. This action reflects ongoing scrutiny of tech companies operating within the EU's regulatory framework.

The US government is negotiating to allocate over $1 billion towards two critical minerals and railway projects in central Africa, specifically in Congo, as part of its strategy to secure essential supplies for national security. This initiative highlights the increasing importance of critical minerals in global markets and the US's commitment to enhancing its supply chain resilience.

Russian President Vladimir Putin met with Indian Prime Minister Narendra Modi, while French President Emmanuel Macron held discussions with Chinese President Xi Jinping. These meetings highlight the ongoing geopolitical dynamics as leaders engage in dialogue to address global challenges.

Russian President Vladimir Putin assured Indian Prime Minister Narendra Modi of uninterrupted oil shipments to India during their recent meeting in New Delhi, emphasizing the resilience of their partnership against external pressures, particularly from the United States.

Tesla has introduced a lower-priced version of its Model 3 in Europe, aiming to boost sales following a backlash against CEO Elon Musk's association with Donald Trump and a decline in electric vehicle demand.

Moore Threads, a semiconductor company founded by former Nvidia executive Zhang Jianzhong, saw its stock price soar over 420% on its trading debut, reflecting a significant milestone for the firm amid China's push for technological self-reliance in the face of U.S. restrictions.

Copper prices in London have reached a new all-time high, driven by a bullish outlook from Citigroup Inc. and expectations of a supply shortage due to increased stockpiling in the US. This surge reflects a broader trend in the metals market, where copper has become a focal point amid tightening supply dynamics.