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Hyperscalers and the Fed: Big Tech Earnings Meet a Potential Rate Surprise

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‼️ Earnings will kick into high gear next week, with three major hyperscalers — Amazon, Meta Platforms and Microsoft — reporting Wednesday and Thursday. The Federal Reserve makes its latest decision on interest rates on Wednesday. The consensus view is that the Fed will hike rates, but not until September. But fed funds futures trading is also pricing in a sizable likelihood — 35% — that the central bank will lift its benchmark borrowing rate a quarter percentage point as soon as next week

Trump Fires Back: “Robbing” U.S. Tech? EU Braces for 301 Tariff Probe

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‼️ President Donald Trump announced a trade probe into the EU, saying it will likely result in a “substantial” tariff on the 27-member bloc. Trump accused the EU of ”‘ROBBING’ American Companies” through its fines against U.S. tech giants, including a recent $1 billion fine on Google. Trump said the U.S. will immediately launch a “301” probe, the same authority his administration just used to impose new tariffs on more than 80 countries.