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More on Today's Markets:
Amazon denies tariff display plans after White House says 'hostile and political act'
Earlier in the day, Punchbowl News said the e-commerce giant will soon show how much Trump's tariffs are adding to the price of each product, citing a person familiar with the plan. Later, White House Press Secretary Karoline Leavitt told reporters at a briefing that she had discussed Amazon (NASDAQ:AMZN) with Trump.
Apollo warns of potential labor market weakness ahead of Friday payrolls report
“The employment report for April will come out on Friday, May 2, and some leading indicators suggest we could see a dramatic weakening in the labor market over the coming months,” Sløk stated. His warning comes amid mounting economic uncertainty. Notably, the survey period for the employment data coincided with the immediate aftermath of the Liberation Day tariffs announcement—a move that introduced heightened volatility and disrupted business confidence. Both the establishment and household surveys were conducted during that critical week.
Trump administration working on changes to AI Diffusion rule: report
The plans are still being discussed and could change, the sources added. The Trump administration is also weighing enacting a global licensing scheme where it would have specific government-to-government agreements, the sources added. Other changes may include a lower threshold for licensing exports, the news outlet added. Nvidia, AMD (NASDAQ:AMD) and Broadcom (NASDAQ:
