Day: February 26, 2025

Nvidia’s earnings beat expectations, driven by demand for its artificial intelligence chips. On the day Nvidia reported earnings, the U.S. yield curve inverted.

These common imports from the European Union could cost more if Trump follows through on plans to enact 25% tariffs.

Trump’s administration has directed federal agencies to implement large-scale layoffs, with plans due by March 13. The memo aims for a significant staff reduction, impacting probationary workers first before targeting experienced civil servants, as part of a campaign to shrink the U.S. government.

Hamas handed over the bodies of four Israeli hostages while it waited for hundreds of Palestinian prisoners to be released by Israel in return, the last such exchange agreed as part of a fragile ceasefire in Gaza.

The return of the bodies completes the release of 33 hostages as part of the first phase of the deal.

President Trump’s first cabinet meeting was a display of deference to Elon Musk.