Abu Dhabi AI investment
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Strong Bank Earnings Overshadow Escalating Trade War
U.S. Treasury Secretary Bessent accuses China of predatory rare earth pricing, prompting consideration of industrial policy, including price floors. Major U.S. banks reported strong earnings, contrasting trade uncertainty. Despite Trump’s trade stance, markets showed resilience, with the S&P 500 and Nasdaq Composite gaining. Investors are watching upcoming tech earnings from Tesla and Intel for trade war impacts. Separately, Abu Dhabi’s MGX investments, including in crypto and TikTok, have drawn attention, particularly concerning links to the Trump family.
