Good Morning!
From a fresh US-China trade breakthrough to Googleās latest round of buyouts.
Plus: Nvidia bets big on quantum, inflation could be ticking back up, and a look at the hidden risks of āsafeā passive income.
Grab your Iced Latte and letās get into it. ā š
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Markets
šŗšøšØš³ US, China Officials Agree on Plan That Awaits Xi, Trump Sign-Off
After 20 hours of intense trade talks in London, the US and China have hammered out a tentative deal to restart the flow of sensitive goods,, but itās still pending final approval from Trump and Xi.
Rare earths? Back on the table. Export controls? Loosening. Both sides made strides on thorny issues, but major hurdles like Chinaās trade surplus still loom large. Officials are talking āframeworksā and āpositivityā, but the real test is whether the leaders signs off.
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š» Nvidia CEO says quantum computing is reaching an āinflection pointā
Nvidia CEO Jensen Huang is all-in on quantum computing, calling it near a ābreakthrough momentā during his GTC Paris keynote. He sees real-world applications arriving āwithin years,ā and even praised Europeās growing quantum ecosystem after meeting French startup Pasqal.
š What To Expect In Wednesday's Report On Inflation
Inflation is creeping back up, likely rising in May to 2.4% as Trump-era tariffs begin biting into prices, breaking a three-month cooling streak. Core inflation is expected to hit 2.9%, with ācore goodsā like cars and appliances showing the clearest impact. The Fed may not raise rates yet, but pressureās building to keep them elevated longer.
šµ Google offers buyouts to employees across the company
Googleās trimming again, offering buyouts to U.S. employees in multiple departments as part of another headcount reduction effort. Teams in knowledge, engineering, marketing, and more are affected, with office-return mandates also hitting remote workers within 50 miles of a campus. Itās the latest in a string of cuts since 2023ās 12,000 employee layoffs.
𤫠The Hidden Dangers of Earning Risk-Free Passive Income
This post explores the trade-offs between risk-free and higher-risk passive income, how larger portfolios can increase emotional pressure, and why sticking to your goals and risk tolerance matters more than ever. It's a look at the psychology behind financial decision-making when there's no active income to fall back on.
Quick Links
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ā U.S. races to break China's hold on rare earth magnets.
š§ OpenAIās open model is delayed.
š¤ Lost Decades are Even Rarer Than You Think.
š Musk Says He Regrets Social Media Posts Lashing Out at Trump.
Best of Twitter
Charlie Munger on Berkshire Hathaway's culture.
ā Kevin Carpenter (@kejca)
8:49 PM ⢠Jun 10, 2025
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