Rare Earth Minerals
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Major US Banks Post Strong Quarter, Calming Trade Jitters
U.S. Treasury Secretary Bessent stated that the U.S. is considering industrial policy, including price floors, in response to China’s dominance and unfair pricing in the rare earth minerals market. This aims to protect domestic industries. Meanwhile, Bank of America, Morgan Stanley, JPMorgan Chase and Goldman Sachs reported strong earnings, fueling investor optimism despite U.S.-China trade tensions. The market’s future hinges on upcoming earnings from tech giants like Tesla and Intel.
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5 Things to Know Before the Stock Market Opens Tuesday
Key market takeaways include: Broadcom shares jumped after OpenAI’s custom chip partnership was announced. Trump brokered a Gaza peace deal, but Red Sea shipping remains threatened due to Houthi rebels. China’s rare earth export controls are boosting U.S. rare earth miner stocks. New car prices hit a record high, exceeding $50,000, while auto loan delinquencies rise for those with lower credit scores, highlighting economic disparity.
