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Finance

AI Summary

  • The U.S. has postponed additional tariffs on Chinese semiconductors until 2027, citing ongoing investigations into unfair trade practices by China.
  • Major oil blockades by the U.S. are stifling Venezuela's economy and pushing Cuba closer to a collapse, due to its reliance on Venezuelan oil supplies.
  • Durable goods orders in the U.S. showed a decline in October which could indicate shifting economic trends and concern over consumer spending.
  • Big U.S. banks have collectively added $600 billion in market value, driven by recent deregulation efforts that have allowed for higher leverage and modified stress tests.
  • Gold and silver prices have surged to new highs amid increasing demand; this trend is attracting significant trading interest from banks and traders in the commodities market.

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