Oracle financing
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India, U.S. Ink Trade Pact as Markets Look Past Precious Metals Plunge
The U.S. and India have agreed to a trade deal, with the U.S. lowering tariffs on India and India agreeing to increase “BUY AMERICAN” purchases and cease Russian oil imports. Despite mixed economic signals, including a dip in Disney’s stock due to softer international tourism and Nvidia’s planned investment in OpenAI stalling, major U.S. stock indices rallied. The Reserve Bank of Australia is expected to raise interest rates due to inflation and a strong labor market. Key developments include SpaceX acquiring xAI, Oracle securing financing, Bitcoin’s volatility, and growing momentum in the robotics sector. Meanwhile, China faces deflationary pressures and economic slowdown, impacting consumer sentiment.