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Nvidia Thrives Amid Trade War, Macy's Cuts 2025 Outlook

5/30/2025

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Summary

Story summary

Nvidia defied worries over China, surpassing earnings expectations, while Macy's celebrated a strong first quarter but slashed its 2025 outlook due to tariffs. The looming U.S. trade war threatens to displace seven million jobs worldwide. Meanwhile, Trump's push to privatize Fannie Mae and Freddie Mac could spike mortgage rates, shaking the housing market.

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Story summary

Nvidia defied worries over China, surpassing earnings expectations, while Macy's celebrated a strong first quarter but slashed its 2025 outlook due to tariffs. The looming U.S. trade war threatens to displace seven million jobs worldwide. Meanwhile, Trump's push to privatize Fannie Mae and Freddie Mac could spike mortgage rates, shaking the housing market.