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Real-time News
A senior U.S. official said: These tariff measures are not simply a copy of the tariffs under the International Emergency Economic Powers Act, which were overturned by the U.S. Supreme Court.A senior U.S. official stated that the tariffs will target 60 economies, which account for approximately 99% of U.S. trade. The new tariffs will take effect at 00:01 ET on July 24 (12:01 pm Beijing time on July 24).A senior U.S. official stated that the U.S. has imposed tariffs of 10%-12.5% on several countries. The U.S. has exempted products such as oil, natural gas, fertilizers, and food from tariffs.Foreign central banks held $24.814 billion in U.S. Treasury securities in the week ending July 17, compared with $639 million in the previous week.On July 24th, Intel (INTC.O) released a surprisingly strong revenue guidance, indicating that surging data center spending is helping the chipmaker achieve its long-awaited recovery. The company stated that it expects third-quarter sales to reach $15.8 billion to $16.8 billion. Even the lower end of that range easily exceeds the average analyst estimate of $15.1 billion. This guidance highlights Intels growth momentum among data center customers who are in dire need of chips to meet the demands of artificial intelligence computing. Last quarter, sales in this area surged 59%, more than double the growth rate of Intels overall revenue. Following the earnings release, Intels stock price rose 13% in late trading. Furthermore, Intels second-quarter revenue reached $16.13 billion, also exceeding market expectations of $14.43 billion.
