Nasdaq Gains on Hopes for U.S.-China Chips Deal
A rally in chip stocks helped lift major indexes Monday following signs that the Trump administration could ease restrictions on China's access to semiconductors.
The S&P 500 rose 0.1%. The tech-heavy Nasdaq Composite climbed 0.3%, while the Dow Jones Industrial Average fell 1 point, essentially unchanged.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Los Angeles Times
33 minutes ago
- Los Angeles Times
US stocks drift and Chinese markets rise as trade talks start between the world's largest economies
NEW YORK — U.S. stocks drifted through a quiet Monday as the world's two largest economies began talks on trade that could help avoid a recession. The Standard & Poor's 500 edged up by 0.1% and is within 2.3% of its record, which was set in February. The Dow Jones Industrial Average slipped by 1 point, which is well below 0.1%, and the Nasdaq composite added 0.3%. Officials from the United States and China met in London to talk about a range of different disputes that are separating them. The hope is that they can eventually reach a deal that will lower each's punishing level of tariffs against the other, which are currently on pause, so that the flow of everything from tiny tech gadgets to enormous machinery can continue. Hopes that President Trump will lower his tariffs after reaching such trade deals with countries around the world have been among the main reasons the S&P 500 has rallied so furiously since dropping roughly 20% from its record two months ago. It's back above where it was when Trump shocked financial markets in April with his wide-ranging tariff announcement on what he called 'Liberation Day.' This may be the shortest sell-off following a shock of heightened volatility on record, according to Parag Thatte, Binky Chadha and other strategists at Deutsche Bank. Typically, stocks take around two months to bottom following a spike in volatility and then another four to five months to recover their losses. This time around, stocks have basically made a round trip in less than two months. But nothing is assured, of course, and that helped keep trading relatively quiet on Wall Street Monday. Some of the market's biggest moves came from the announcement of big buyout deals. Qualcomm rallied 4.1% after saying it agreed to buy Alphawave Semi in a deal valued at $2.4 billion. IonQ, meanwhile, rose 2.7% after the quantum computing and networking company said it agreed to purchase Oxford Ionics for nearly $1.08 billion. On the losing side of Wall Street was Warner Bros. Discovery, which flipped from a big early gain to a loss of 3% after saying it would split into two companies. One will get Warner Bros. Television, HBO Max and other studio brands, while the other will hold onto CNN, TNT Sports and other entertainment, sports and news television brands around the world, along with some digital products. Tesla recovered some of its sharp, recent drop. The electric vehicle company tumbled last week as Elon Musk's relationship with Trump broke apart, and it rose 4.6% Monday after flipping between gains and losses earlier in the day. The frayed relationship could end up damaging Musk's other companies that get contracts from the U.S. government, such as SpaceX. Rocket Lab, a space company that could pick up business at SpaceX's expense, rose 2.5%. All told, the S&P 500 rose 5.52 points to 6,005.88. The Dow Jones Industrial Average slipped 1.11 to 42,761.76, and the Nasdaq composite rose 61.28 to 19,591.24. In stock markets abroad, indexes were modestly lower in Europe after rising across much of Asia. Chinese markets climbed even though the government reported that exports slowed in May, growing 4.8% from a year earlier after jumping more than 8% in April. China also reported that consumer prices fell 0.1% in May from a year earlier, marking the fourth consecutive month of deflation. Stocks rallied 1.6% in Hong Kong and rose 0.4% in Shanghai. In the bond market, the yield on the 10-year Treasury eased to 4.48% from 4.51% late Friday. It fell after a survey by the Federal Reserve Bank of New York found that consumers' expectations for coming inflation eased a bit in May. That provides some relief for the Fed, which has been keeping its main interest rate steady as it waits to see how much Trump's tariffs will raise inflation and how much they will hurt the economy. A persistent increase in expectations for inflation among U.S. households could drive behavior that creates a vicious cycle that only worsens inflation. Economists expect a report coming on Wednesday to show inflation across the country accelerated last month to 2.5% from 2.3%. Choe writes for the Associated Press.
WIRED
40 minutes ago
- WIRED
We've Finally Reached the End of the Road For Intel Macs
MacOS Tahoe will be the final version of macOS to support some specific Intel-based Macs. The new macOS Tahoe ships in the fall. It's the last version of macOS to provide support to Apple computers with Intel processors. Courtesy of Apple Today, Apple announced the latest version of its Mac operating system, macOS Tahoe, sporting a handful of new features and apps. The update will also, however, mark the final substantial version of macOS to be supported on Intel-based Macs. The final supported Intel-based Macs that will receive macOS Tahoe include the following models: MacBook Pro (16-inch, 2019), MacBook Pro (13-inch, 2020, Four Thunderbolt 3 ports), iMac (27-inch, 2020) and Mac Pro (2019). That means if you own one of these Macs, you'll still get access to all the features in the update later this fall when macOS Tahoe launches. The only exception is that anything that relies on Apple Intelligence won't be available, as those features are restricted to Apple Silicon machines only. It's been five years since the beginning of the transition from Intel to Apple Silicon. At the time, Apple stated that it would 'continue to support and release new versions of macOS for Intel-based Macs for years to come.' Intel-based Macs older than 2019 have already stopped receiving software updates, and it's now time for the last generation of models to get removed from the list. Fortunately, Apple will provide security upgrades for these Intel-based Macs for three more years. That's pretty solid for machines that are already over five years old. I've recommended against buyers purchasing Intel-based Macs for years already. The jump from Intel Macs to even the initial M1 Macs is a huge leap in terms of performance and battery life, though I'm sure some folks will have been seduced by the Intel Macs' ultra-discounted prices in recent years. Now we know for sure where the end of the road is, which will hopefully convince some to at least buy an M1 MacBook Air. Apple will also be winding down Rosetta, the company's emulation layer for running non-native apps on Apple Silicon. It was key to Apple's early success in transitioning to its own chips. For anything other than old games, the software provided by Apple will only be available through macOS 26 and macOS 27. More than anything, it's another way for Apple to encourage developers to finish transitioning their apps to run natively on Apple Silicon.
CNET
44 minutes ago
- CNET
Headed on a Summer Road Trip? AI Made My Planning Experience Much Easier
If you're planning to travel this summer, it's a good idea to think ahead about your route to avoid the worst of the traffic congestion. But if you're anything like me, you really like road trips but you really don't like planning ahead. Every road trip I've spontaneously taken has spiraled into anxiety because of the minute detail of planning. My brain immediately jumps to all of the bad things that could happen while on the trip, so why not plan for the road trip ahead of time? A friend sent me a list of different artificial intelligence tools they used to make trip planning easier. This list included Curiosio, an AI trip planning tool that provides a map, budget and calculated trip length for you within seconds. My ears perked up imagining its potential output speed. Now Playing: I Used Google's Gemini Gem to Plan My Trip 05:19 How does Curiosio use AI? My nonnegotiables for an AI trip planner list includes a bright and accessible interface, little to no fees and inspiration for my upcoming trip. Curiosio delivered. The tool was created by Vas Mylko and Roman Bilusiak to support solo, budget conscious and multi-stop travelers seeking personalized road trip experiences that feature cost breakdowns and flexible itineraries. The free, AI-powered platform offers features like route optimization, detailed itineraries with maps, cost and time breakdowns and detailed guides to destinations. Between its Geek, Travel and Beta modes, Curiosio compiles quite a few tools to help navigate and embellish your getaway, regardless of what kind of adventure you're going on. What I particularly enjoyed about Curiosio was the focus on road trips instead of trying to be an all in one travel planner. I also enjoyed its country-specific branding includes a hot air balloon adorned with each nation's flag, and its typeface that is reminiscent of an Indiana Jones PC game. With many sleek, yet sterile, tech brands on the market, I thought this gave the website a sweet touch. How I used Curiosio for planning a road trip Curiosio / Screenshot by CNET Let's first break down the three modes within Curiosio: Travel, Geek and Beta. Travel Mode is for travelers or busybodies who want a simplified, real-time guide. Needless to say, this is the category I fall into. Here you can follow your itinerary with directions and context-aware tips. This is perfect if you want hands-off-the-wheel type of support. There's also Geek Mode, for the detail-driven, perfectionist folks who want control over every detail of their trip. Direct that friend or partner over to this mode so they can put all that energy in Curiosio, and not on you. Here you can customize routing, add filters and use logic to the best of your planning ability. And Beta Mode is for the innovative, experimental type who not only thrives off novelty, but loves diving into a new thing before anyone else. Here you can get access to AI enhancements (and bugs) but also try out new features. At the time of writing, Curiosio was developing its membership to focus on the travel experience. This is how to use Curiosio's travel tool: Head to the website and enter your country. Once selected, navigate to the top and select Travel to enter in your starting point and desired destination(s) for your road trip. Specify dates, duration and your budget preferences. Let the AI do its thing, and create a personalized road trip plan. Curiosio promises that this will not take longer than 100 seconds. For reference, my plans were generated in about 35 seconds. Review the suggested routes. My output generated four itineraries that ranged in budget and trip length. You can toggle to see the full itinerary breakdown, including a day by day itinerary, hotels and budget allocation. Modify by adding or removing the destination to start over, or adjust the travel dates or budget to better fit your needs. Once you're satisfied, finalize your itinerary. This is where you can export the plan to your preferred format, or integrate with other mapping tools. Head to the upper right hand corner of your trip itinerary and select Google Maps from the dropdown menu, or copy the link over to your preferred GPS system. Then use Google Maps or your GPS system to monitor real-time traffic, plus check out any interesting spots between your starting point and your trip's destination. (Though an integrated traffic monitoring system would be a beneficial addition to Curiosio.) Who should use Curiosio? A trip Curiosio planned for me to Jackson Hole. Curiosio / Screenshot by CNET Curiosio is simple, yet ideal tool for independent travelers who crave flexibility, customization and a touch of adventure -- especially those planning multistop road trips. I see it as a great fit for digital nomads, couples, small groups or anyone taking a chaotic road trip with family who want a streamlined way to map out detailed itineraries without relying on prepackaged tours. If you're someone who enjoys the planning process but wants help optimizing routes while also discovering hidden gems, Curiosio can be a time saving, dopamine-boosting tool. It's also particularly useful for travelers who are budget conscious but still want well rounded travel experiences with context tailored to the places they're going. I found the tool easy to navigate and it definitely helped me save time. Now, Curiosio might not be the best choice for travelers seeking all-inclusive vacations, group tours or very spontaneous getaways. If you prefer to book flights and resorts, or if your travel is centered around staying in one city the entire time, the platform's road trip-focused approach may feel unnecessary and somewhat rudimentary. It's safe to say that if you're seeking an easy, functional and road trip focused AI tool to both support and speed up your planning process, Curiosio is a simple, yet functional option. Planning in seconds is an ideal type of compromise. Now If only it could pack for me, too.
