Chip stocks are on the rise following TSMC's record quarterly profit, while PepsiCo forecasts a smaller decline in annual core profit. June retail sales also show a surprising uptick, signaling strong consumer confidence.
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The stock market experienced a significant boost today as President Trump announced a 90-day pause on reciprocal tariffs, leading to a surge in tech stocks, especially Nvidia, as optimism grows about AI and trade relations.
Federal technology staffers resign en masse over Elon Musk's DOGE-related efforts, sparking a major controversy and a wave of resignations.
