Ultime notizie per BIGG Digital Assets (OTC:BBKCF) Azioni

BIGG Digital Assets Inc is engaged in investing in products and companies within the cryptocurrency industry. The company has three operating divisions which provide blockchain search products to large enterprises with data requirements in the financial and e-commerce sectors globally, and brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety, and immersive metaverse experiences. The company operates two business segments: Blockchain Technology Development, Digital Currency Sales via the Netcoins App, and Immersive Metaverse Experiences.

BIGG DIGITAL ASSETS INC by BIGG Digital Assets Inc.

BIGG Digital Assets Inc

ChipMOS TECHNOLOGIES (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMOS#NASDAQ">IMOS</a>) reported quarterly earnings of $0.15 per share. This is a 58.33 percent decrease over earnings of $0.36 per share from the same period last year. The company reported $166.70 million in sales this quarter. This is a 2.08 percent increase over sales of $163.30 million the same period last year.

Earnings

News

IMOS

ChipMOS TECHNOLOGIES Q1 EPADS $0.15 Down From $0.36 YoY, Sales $166.70M Up From $163.30M YoY

Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) reported quarterly earnings of $0.11 per share. This is a 0.91 percent increase over earnings of $0.11 per share from the same period last year. The company reported $2.46 billion in sales this quarter. This is a 10.22 percent decrease over sales of $2.74 billion the same period last year.

Telefonica Brasil Q1 EPS $0.11 Up From $0.11 YoY, Sales $2.46B Down From $2.74B YoY

Renowned independent investment strategist Ed Yardeni, the President of Yardeni Research, has lowered his U.S. recession probability while raising his S&amp;P 500 target following the trade deal with China.
What Happened: After the U.S. and China announced a <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">90-day truce </a>on Monday, the markets cheered the development as the S&amp;P 500 and Nasdaq 100 rallied over 3%.
While this provides a short-term relief, Yardeni noted in his QuickTakes that the negative wealth effect of President Donald Trump&#8217;s tariffs was &#8220;probably insignificant&#8221; after the announcement of the deal.
According to his earlier analysis, the tariff turmoil was having a &#8220;negative wealth effect on consumers, especially retired and soon-to-be retiring Baby Boomers, who collectively own about $25 trillion in corporate equities and mutual funds.&#8221;
This led him to raise the &#8220;subjective probability of a recession&#8221; this year from 20% to 35% on March 5, and from 35% to 45% on March 31 as stock prices tanked in response to the tariffs.
However, he said that &#8220;We didn&#8217;t cross over to the dark side subsequently, i.e., forecasting greater than a 50% chance of a recession. Instead, we lowered our recession odds back down to 35% on May 4. Now we are lowering it again to 25%.&#8221;
After Monday&#8217;s stock market rally, he also raised the S&amp;P 500 year-end target back up to 6,500 from 6,000.
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45367206/sp-500-rallies-over-3-on-us-china-90-day-tariff-truce-but-experts-warn-it-doesnt-guarantee">S&amp;P 500 Rallies Over 3% On US-China 90-Day Tariff Truce, But Experts Warn It &#8216;Doesn&#8217;t Guarantee A Complete Resolution Of The Trade War&#8217;</a>
Why It Matters: Concerning other metrics, Yardeni highlighted that he has raised the real GDP growth range to 1.5%-2.5% this year, up from our previous 0.5%-1.5%.
Also, he predicts the S&amp;P 500 forward earnings to rise to $300 per share at the end of this year.
&#8220;We now see the S&amp;P 500 forward P/E at 21.6 at the end of the year rather than 20.0 as we previously had projected,&#8221; he said.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, jumped with joy on Monday. The SPY was up 3.30% to $582.99, while the QQQ advanced 4.07% to $507.85, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Here&#8217;s how the benchmark indices performed on Monday. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>4.35%</td>
<td>18,708.34</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>3.26%</td>
<td>5,844.19</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>2.81%</td>
<td>42,410.10</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>3.42%</td>
<td>2,092.20</td>
</tr>
</tbody>
</table>
</figure>
After Monday, all the indices were out of the correction zone. The S&amp;P 500 index was down 4.93% from its record high of 6,147.43 points, scaled on Feb. 19. Dow Jones was 5.91% lower than its 52-week high of 45,073.63 points, and Nasdaq 100 was 6.09% lower than its previous high of 22,222.61 points.
On Tuesday, the futures of the Dow Jones, S&amp;P 500, and Nasdaq 100 indices were trading lower.
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General

Ed Yardeni Slashes Recession Odds To 25% After US Stocks Rally, Lifts S&P 500 Year-End Target To 6,500

Reported Earlier, First Industrial Realty Trust Prices $450M Of 5.25% Senior Notes Due 2031

Landsea Homes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSEA#NASDAQ">LSEA</a>) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.09) by 44.44 percent. This is a 183.33 percent decrease over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $310.81 million which missed the analyst consensus estimate of $312.00 million by 0.38 percent. This is a 5.70 percent increase over sales of $294.04 million the same period last year.

Earnings Beats

Earnings Misses

LSEA

Landsea Homes Q1 Adj. EPS $(0.05) Beats $(0.09) Estimate, Sales $310.81M Miss $312.00M Estimate

SAND

Reported Earlier, Sandstorm Responds To ISS Opposition By Simplifying Stock Option And Restricted Share Plan Proposals Ahead Of May 30 Meeting

Reported Earlier, Alliant Energy Prices $500M 3.250% Convertible Senior Notes Due 2028 In Private Placement

Former hedge fund manager Martin Shkreli took aim at the quantum computing industry again on Monday, posting a series of critical remarks on X.
 What Happened: Shkreli, widely known as &#8220;Pharma Bro&#8221; for his controversial role in the pharmaceutical industry, dismissed the commercial promise of quantum computing as being several decades away, while also accusing publicly traded quantum firms of inflating their financial narratives to mislead investors.
See Also: <a href="https://www.benzinga.com/25/05/45367075/apple-reportedly-leans-on-ai-to-solve-iphone-battery-woes-in-ios-19-update-ahead-of-thinner-iphone-17-launch-this-fall">Apple Reportedly Leans On AI To Boost iPhone Battery Life In iOS 19 Ahead Of Launching Thinner iPhone 17 This Fall</a>
&#8220;[The] Global Risk Institute interviewed 24 quantum computing experts who agreed it's 20-30 years before we see RSA2048 broken. 20-30 years before quantum works. I say 50,&#8221; Shkreli says, referencing the widely used encryption standard often cited as a benchmark for quantum disruption, along with a chart shared by the Global Risk Institute.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Global Risk Institute interviewed 24 quantum computing experts who agreed its 20-30 years before we see RSA2048 broken. 20-30 years before quantum works. i say 50. <a href="https://t.co/4X2KY20819">pic.twitter.com/4X2KY20819</a>
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1921900983652622650?ref_src=twsrc%5Etfw">May 12, 2025</a></blockquote>
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In a follow-up Tweet, Shkreli took on several publicly traded quantum computing stocks, starting with Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), which announced its <a href="https://benzinga.com/news/earnings/25/05/45360620/rigetti-stock-sinks-after-q1-revenues-miss-estimates-details">first quarter results</a> on Monday, posting a 51.77% year-over-year decline in revenues. &#8220;This is the real state of affairs in quantum compute,&#8221; he says, &#8220;nothing is happening.&#8221;
In the same post, he attacked others such as IONQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), which he says is &#8220;making up&#8221; revenues via &#8220;desperate acquisitions. Followed by D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) and Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), which he accuses of getting lucky and selling a single machine, or generating revenue via &#8220;alleged fraud.&#8221; 
Benzinga reached out to IONQ, D-Wave Quantum, Rigetti, and Quantum Computing, and is awaiting their response.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24RGTI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$RGTI</a> revenue -50% y/y. This is the real state of affairs in quantum compute &#8212; nothing is happening. Companies like <a href="https://twitter.com/search?q=%24IONQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IONQ</a> are making up revenue via desperate acquisitions, or through alleged fraud <a href="https://twitter.com/search?q=%24QUBT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QUBT</a> or just getting lucky selling a single machine and having no bookings <a href="https://twitter.com/search?q=%24QBTS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QBTS</a>
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1922022351509594174?ref_src=twsrc%5Etfw">May 12, 2025</a></blockquote>
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</figure>
Why It Matters: Early this year, Shkreli published a comprehensive short thesis on quantum computing stocks on his X account, forecasting over 90% downsides for several stocks. The stocks covered in the thesis have witnessed a pullback since then.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/mFn7V4mLaW">https://t.co/mFn7V4mLaW</a>
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1876950624824177127?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
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He followed up on this a few weeks later by <a href="https://www.benzinga.com/markets/equities/25/01/43119243/martin-shkreli-calls-ionq-and-rigetti-best-shorts-despite-recent-stock-gains-cites-offline-quantum-systems">calling IonQ and Rigetti</a> the &#8220;best shorts of his career,&#8221; saying that &#8220;we are further away from quantum than even I thought.&#8221; 
More recently, Shkreli slammed Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) for its quantum chip breakthrough, Majorna 1. He added that the term &#8220;breakthrough&#8221; should be <a href="https://benzinga.com/25/02/43840954/pharma-bro-martin-shkreli-slams-microsofts-quantum-breakthrough-predicts-ionq-and-rgti-will-plummet-as-tech-falls-behind">used with caution</a>.
Following a strong performance in 2024, most quantum computing stocks have witnessed steep declines year-to-date in 2025, with D-Wave Quantum being the sole exception.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Returns</td>
<td class="has-text-align-center" data-align="center">All Time High (+/-)</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)</td>
<td class="has-text-align-center" data-align="center">-42.25%</td>
<td class="has-text-align-center" data-align="center">-46.02%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">IONQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>)</td>
<td class="has-text-align-center" data-align="center">-23.69%</td>
<td class="has-text-align-center" data-align="center">-39.91%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>)</td>
<td class="has-text-align-center" data-align="center">+11.55%</td>
<td class="has-text-align-center" data-align="center">-10.29%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>)</td>
<td class="has-text-align-center" data-align="center">-51.49%</td>
<td class="has-text-align-center" data-align="center">-98.18%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>)</td>
<td class="has-text-align-center" data-align="center">+0.74%</td>
<td class="has-text-align-center" data-align="center">-8.51%</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13020038/Screenshot-2025-05-13-at-11.30.26-AM-1024x136.png" alt="" class="wp-image-912874" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13020038/Screenshot-2025-05-13-at-11.30.26-AM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13020038/Screenshot-2025-05-13-at-11.30.26-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13020038/Screenshot-2025-05-13-at-11.30.26-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13020038/Screenshot-2025-05-13-at-11.30.26-AM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13020038/Screenshot-2025-05-13-at-11.30.26-AM.png 1606w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Rigetti Computing shows strong momentum according to Benzinga Edge Stock Rankings, but how does it compare with IONQ, D-Wave, and Quantum Computing? Sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> to find out.
Photo Courtesy: Bartlomiej K. Wroblewski On Shutterstock.com
Read More: 
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45366492/jim-cramer-says-sit-tight-as-china-tariff-pause-creates-game-of-chicken-that-could-steamroll-market-timers">Jim Cramer Says &#8216;Sit Tight&#8217; As China Tariff Pause Creates &#8216;Game Of Chicken&#8217; That Could Steamroll Market Timers</a></li>
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IONQ

MSFT

QBTS

QTUM

QUBT

RGTI

'Pharma Bro' Martin Shkreli Rips Into Quantum Stocks: 'Nothing Is Happening'—Accuses IONQ, D-Wave Quantum, And Others Of Revenue Gimmicks

Reported Earlier, Ameren Prices Offering Of 5.55M Common Shares At $94 Each, Includes Forward Sale Agreements With Major Banks

Economist and market commentator&nbsp;Peter Schiff&nbsp;projected Monday that the next Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) pullback would trigger an unrealized loss for Michael Saylor-led Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) on its BTC purchases.
What Happened: During his YouTube podcast, Schiff weighed in on Bitcoin recapturing the crucial $100,000 level and Strategy buying billions in the cryptocurrency funded by debt.
&#8220;His average cost now is almost 70,000 a bitcoin, so it&#8217;s getting higher and higher,&#8221; he said.
Schiff predicted that Strategy&#8217;s average acquisition cost might reach $70,000 by his next purchase, and the subsequent Bitcoin decline could push the firm &#8220;into&nbsp;the red&#8221; for the first&nbsp;time. &#8220;We&#8217;ll see what kind of fireworks that sparks,&#8221; he added.
Strategy didn&#8217;t immediately respond to Benzinga&#8217;s request for comment.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Live podcast today at 8pm EST<a href="https://t.co/2Eub4R1DW9">https://t.co/2Eub4R1DW9</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1922063483249492238?ref_src=twsrc%5Etfw">May 12, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/25/04/45091619/paypal-says-its-moving-quickly-on-crypto-stablecoinfintech-giant-partners-with-coinbase-to-boost-pyusd" target="_blank" rel="noreferrer noopener">PayPal CEO Says &#8216;Moving Quickly&#8217; To Bring Crypto, Stablecoin Benefits To Users — Fintech Giant Partners With Coinbase To Boost Solana-based PYUSD</a>
Why It Matters:&nbsp;Saylor&#8217;s company Strategy, formerly MicroStrategy, has been heavily investing in Bitcoin. The firm reported acquiring <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45349057/strategy-buys-134b-in-bitcoin-at-99856-cites-155-btc-yield">13,390 BTC for approximately $1.34 billion at an average price of $99,856</a> per coin on Monday, pushing their total Bitcoin holdings to 568,840 BTC, accumulated at a combined cost of $39.41 billion and an average purchase price of $69,287.
Notably, the Bitcoin treasury company <a href="https://www.benzinga.com/25/04/44704504/michael-saylor-still-trusts-bitcoins-long-term-potential-even-as-strategy-risks-going-into-losses-on-btc-buys">came close to experiencing an unrealized loss</a> on its investments last month after the apex cryptocurrency slipped below $75,000 following President Donald Trump&#8217;s sweeping tariff announcement.
Schiff, a fierce critic of all things Bitcoin, has <a href="https://www.benzinga.com/24/11/42237876/peter-schiff-predicts-microstrategys-bankruptcy-due-to-bitcoin-investment-strategy">consistently questioned Strategy&#8217;s Bitcoin playbook</a>, arguing that its commitment to repay a large sum of money to <a href="https://www.benzinga.com/markets/equities/24/11/42186167/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them" target="_blank" rel="noreferrer noopener">debt holders</a>&nbsp;could be at risk if the leading cryptocurrency falls sharply.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $102,656.68, down 1.24% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of Strategy rose 1.02% in after-hours trading after closing 2.67% lower at $404.91 during Monday&#8217;s regular session. Year-to-date, the stock has gained nearly 80%.
MSTR demonstrated a high momentum score of 98.45 as of this writing. Visit&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a> to select similar high-momentum stocks for your portfolio.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="502" height="190" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13013012/Screenshot-2025-05-13-105959.png" alt="" class="wp-image-912837" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13013012/Screenshot-2025-05-13-105959.png 502w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13013012/Screenshot-2025-05-13-105959-300x114.png 300w" sizes="(max-width: 502px) 100vw, 502px" /></figure>
Photo Courtesy: Wirestock Creators on Shutterstock.com
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Nouriel Roubini, the Iranian-American economist known as &#8220;Dr. Doom&#8221; for predicting the 2008 financial crisis, said that President Donald Trump &#8220;blinked and chickened out&#8221; in his trade confrontation with Chinese President Xi Jinping.
What Happened: In his recent X post, Roubini asserted that Trump received &#8220;almost no concessions from the Chinese side&#8221; in what he characterized as a decisive victory for Xi. The economist warned that continued escalation would have triggered severe economic consequences.
&#8220;The tit for tat trade war escalation started by the U.S. would have spiked U.S. inflation, led to massive supply chain disruptions and would have triggered a serious U.S. and global recession,&#8221; Roubini wrote, adding this outcome &#8220;would have doomed the GOP and the MAGA grand goals by the 2026 mid term elections.&#8221;
Roubini indicated modest Chinese concessions might emerge during the announced 90-day negotiation period to &#8220;reset&#8221; trade relations, but maintained that &#8220;so far Xi is the clear winner.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As I predicted in the game of chicken between Trump and Xi it was Trump to blink and chicken out. The tit for tat trade war escalation started by the US would have spiked US inflation, led to massive supply chain disruptions and would have triggered a serious US and global…
&mdash; Nouriel Roubini (@Nouriel) <a href="https://twitter.com/Nouriel/status/1922006232958959960?ref_src=twsrc%5Etfw">May 12, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45367052/trump-memecoin-exclusive-dinner-guest-list-revealed-with-justin-sun-shining-at-the-top-report">Trump Memecoin Exclusive Dinner Guest List Revealed With Justin Sun Shining At The Top: Report</a>
Why It Matters: On Monday, <a href="https://www.benzinga.com/government/regulations/25/05/45367206/sp-500-rallies-over-3-on-us-china-90-day-tariff-truce-but-experts-warn-it-doesnt-guarantee-a-complete-resolution-of-the-trade-war">the U.S. and China agreed to drastically roll back tariffs</a> for an initial 90-day period. U.S. tariffs on Chinese goods dropped from 145% to 30%, while China cut its tariffs on American goods from 125% to 10%.
The economist&#8217;s assessment comes amid his shifting economic outlook. Despite his traditional pessimism, Roubini recently expressed optimism about U.S. economic prospects, citing <a href="https://www.benzinga.com/markets/25/04/44754363/dr-doom-transforms-to-dr-boom-nouriel-roubini-says-mickey-mouse-could-be-us-president-and-economy-will-keep-growing">AI advancements potentially driving growth </a>to &#8220;4% by decade&#8217;s end&#8221; and &#8220;6% by the end of next decade.&#8221;
This analysis follows earlier warnings from Roubini that markets were <a href="https://www.benzinga.com/markets/25/04/44754363/dr-doom-transforms-to-dr-boom-nouriel-roubini-says-mickey-mouse-could-be-us-president-and-economy-will-keep-growing">&#8220;delusional&#8221; about Federal Reserve intervention</a> amid trade tensions. He previously described the situation as a &#8220;three-way game of chicken&#8221; between Trump, Fed Chair Jerome Powell, and Jinping, predicting Trump would likely concede first.
While critical of Trump&#8217;s trade policies as &#8220;crazy and unfair,&#8221; Roubini acknowledged that China &#8220;needs to reform its economic model,&#8221; noting global consensus on this point beyond just U.S. demands.
Image Via Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Federal Reserve

'Dr. Doom' Nouriel Roubini Says Trump 'Chickened Out' In Trade War With China, Calls Xi Jinping 'The Clear Winner' After Tariff Rollback

NDAQ

SET And Nasdaq Deepen Strategic Collaboration To Align Thailand's Capital Markets With Global Standards And AI-Driven Innovation

Econ #s

U.K. Unemployment Rate For March 4.5% Vs. 4.5% Est.; 4.4% Prior

U.K. Employment Change 3M/3M (MoM) For March 112K Vs. 120K Est.; 206K Prior

U.K. Claimant Count Change For April 5.2K Vs. 22.3K Est.; -16.9K (Revised) Prior

U.K. Average Earnings Index +Bonus For March 5.5% Vs. 5.2% Est.; 5.7% (Revised) Prior

IPHA

Innate Pharma Reports Q1 Revenue Of €1.2M, €72.5M Cash Position Excluding €15M Sanofi Investment; Highlights Progress Across ANKET® And ADC Programs With Runway To Mid-2026

The <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">90-day pause</a> on tariffs between the U.S. and China has resulted in a rally and positive market sentiment. However, experts caution that this reprieve is not a definitive end to the trade war, leaving significant uncertainty over the long term.
What Happened: According to John Murillo, Chief Dealing Officer of B2BROKER, a global fintech solutions provider, the news triggered an immediate positive market response. &#8220;Stocks and oil prices have rebounded – apparently, in reaction to the news, which can lead to lower costs for businesses and consumers,&#8221; Murillo noted.
The mutually agreed-upon <a href="https://www.benzinga.com/news/global/25/05/45337811/trump-announces-total-reset-as-us-china-trade-talks-aim-to-end-tariff-war">reduction in tariffs</a> mirrors a similar scenario observed last week during negotiations between the U.S. and the U.K., raising hopes for a potential kickstart to global trade and economic activity.
Despite the initial positive action following the announcement, Murillo emphasized the temporary nature of the agreement. &#8220;Now, while the 90-day pause is a big step towards easing tensions, it's crucial to remember that it doesn't guarantee a complete resolution of the trade war.&#8221;
He underscored that the market will closely monitor the ongoing negotiations within the upcoming 90 days to determine whether the tariffs will be permanently reduced or reinstated.
Murillo stressed that some factors need to be studied and resolved before a conclusive end to the trade dispute can be declared. &#8220;There's undoubtedly an issue of the U.S. goods' competitive pricing and Chinese customers' propensity to consume them in bulk volumes, which have not been studied and addressed yet to call it quits,&#8221; he said.
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45345994/us-china-tariff-truce-will-alleviate-worst-fears-but-prevent-falling-yields-keeping-economy-under-pressure-says-craig-shapiro">US-China Tariff Truce Will Alleviate &#8216;Worst Fears,&#8217; But Prevent Falling Yields, Keeping &#8216;Economy Under Pressure,&#8217; Says Craig Shapiro</a>
Why It Matters: Economic indicators will be a reflection of how these negotiations unfold. &#8220;If they (tariffs) come back or if negotiations fall through, we could face market volatility and a downturn in economic indicators,&#8221; explained Murillo.
Looking ahead, Murillo anticipates continued volatility in Treasury yields throughout the 90-day pause. &#8220;Treasury yields might experience more volatility, becoming quite sensitive to any news – whether affirmative or refuting – related to the trade negotiations and shifts in investor sentiment.&#8221;
Craig Shapiro, a macro strategist at the Bear Traps Report, reiterated the same. He believed that the so-called "tariff climb down" might <a href="https://www.benzinga.com/government/regulations/25/05/45345994/us-china-tariff-truce-will-alleviate-worst-fears-but-prevent-falling-yields-keeping-economy-under-pressure-says-craig-shapiro">prevent bond yields from falling</a>, thereby maintaining pressure on an already strained economy as the Federal Reserve remains on the sidelines. 
According to him, inflationary effects from existing tariffs on aluminum, steel, and cars could continue to push up prices and inflation expectations, and this will prevent bond yields from falling, as investors demand higher yields to offset inflation risk and perceived economic uncertainty.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sticking with this call Tariff Climb down will alleviate the worst fears but the reality is that the cave will make it hard for yields to fall which keeps the economy under pressure as the Fed sits on its hands. <a href="https://t.co/BdWKBOUf8o">https://t.co/BdWKBOUf8o</a>
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1921845051589640249?ref_src=twsrc%5Etfw">May 12, 2025</a></blockquote>
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Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, jumped with joy on Monday. The SPY was up 3.30% to $582.99, while the QQQ advanced 4.07% to $507.85, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Tuesday, the futures of the Dow Jones, S&amp;P 500, and Nasdaq 100 indices were trading lower.
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Photo courtesy: plavi011 / Shutterstock.com

Treasuries

S&P 500 Rallies Over 3% On US-China 90-Day Tariff Truce, But Experts Warn It 'Doesn't Guarantee A Complete Resolution Of The Trade War'

Press Releases

Netcoins Canada is launching 8 new Alt-Coins on January 21, 2025

Netcoins Canada Provides Q4 2024 Financial Guidance

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Contracts

Blockchain Intelligence Group Secures Strategic Contracts Across Multiple Global Agencies, Strengthening MRR and Continuing Growth into 2025

Dubai Festivals and Retail Establishment to Host the Great Online Sale in TerraZero's Intraverse

TerraZero Announces Intraverse Open Beta; Follow-Up on the Great Online Sale Event

Netcoins Launches Innovative New Web Trading App

Management

Netcoins Canada Hires Prentis Beck-Sayers to Bolster Sales and Trading Team; Approval of BIGG Omnibus Equity Plan

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