U.S. President Donald Trump gestures arsenic helium poses adjacent to a motion earlier a household photograph astatine a satellite leaders' acme connected ending the Gaza war, amid a U.S.-brokered prisoner-hostage swap and ceasefire woody betwixt Israel and Hamas, successful Sharm el-Sheikh, Egypt, Oct. 13, 2025.
Suzanne Plunkett | Reuters
This mightiness not beryllium Christmas, but the warfare successful the Middle East is implicit — astatine slightest according to U.S. President Donald Trump.
On Monday, Trump declared astatine the Knesset, Israel's parliament, that the "long and achy nightmare" was yet over for some the Israelis and Palestinians. More straightforwardly, Trump gave an unequivocal "yes" erstwhile asked by reporters if the warfare successful the Middle East has ended, Reuters reported.
A likewise hopeful temper permeated markets, though for antithetic reasons. After hitting China with 100% further tariffs and triggering a sell-off connected Friday, Trump appeared to locomotion backmost his stance, posting connected Truth Social that "it volition each beryllium fine" with China.
And frankincense was TACO backmost connected traders' menus: Major U.S. banal indexes rebounded, with exertion stocks starring the charge. Quantum computing names popped aft JPMorgan Chase announced it volition beryllium investing $10 cardinal successful sectors important to nationalist interests.
Broadcom, meanwhile, surged astir 10% aft it jointly announced a concern with — who else? — OpenAI to physique and deploy customized chips. But wherever this puts Nvidia, OpenAI's different adjacent and beloved one, and connected whose chips the ChatGPT shaper relies, remains a question.
Though Christmas has yet to arrive, OpenAI is starting to look similar the tech sector's Santa Claus, who has his sack afloat of presents — and, much importantly, cash, according to Oracle.
— CNBC's Holly Ellyatt contributed to this report.
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And finally...
U.S. President Donald Trump shakes hands with Argentina's President Javier Milei during the 80th United Nations General Assembly, successful New York City, New York, U.S., Sept. 23, 2025.
Alexander Drago | Reuters
The U.S. has stepped successful with an bonzer bailout of Argentina. Here's what it means
In a determination that Treasury Secretary Scott Bessent announced Thursday connected societal media tract X, the U.S. is providing a $20 cardinal currency swap enactment with Argentina's cardinal slope — fundamentally exchanging unchangeable U.S. dollars with volatile pesos.
The determination comes amid liquidity concerns successful Argentina that threatened stableness for the state arsenic it faces cardinal midterm elections. There are adjacent parts economical and governmental stakes with the venture, which marks the archetypal U.S. involution of this quality since rescuing Mexico successful 1995.
— Jeff Cox
English (US) ·