Trump tariffs live updates: Trump says US, China have 'signed' deal to cement trade truce:

Image source: Unsplash

The US and China stepped closer to a full trade deal on Thursday, after making a pact to formally cement the informal trade understanding reached in Geneva talks in May.

“We just signed with China yesterday,” Trump said during a briefing at the White House, though he did not provide further details.

The pact marks a significant step in stabilizing trade relations between the two countries, which lapsed into feuding soon after the trade truce.

China has confirmed it will deliver rare earths to the US as part of the trade framework, and the US will respond by taking down its countermeasures, Howard Lutnick told Bloomberg.

The Commerce Secretary added that trade agreements with 10 key US trading partners are imminent, as countries from Canada to Japan struggle to get over the finish line with just two weeks to go. Yahoo Finance reports.

🔋 Chinese battery giant and Tesla supplier CATL is expanding globally. Here’s why it matters: The world’s largest electric vehicle (EV) is going all-in on international expansion and could shake up the EV market in the process with its battery-swapping tech rollout.

China’s Contemporary Amperex Technology Co. Ltd. (CATL) is a key player in the global transition to more sustainable transport, with a market share in the EV sector of roughly 38%. CATL’s clients include global players like Tesla, Volkswagen and BMW, with the firm boasting technology far superior to that of Western competitors.

Despite its outsized impact on the EV industry, the company had mostly flown under the radar until May this year, when it launched the world’s largest initial public offering (IPO) of 2025 to date in Hong Kong. CNBC reports.

🤖 OpenAI hires team behind AI recommendation startup Crossing Minds: Crossing Minds, a startup that provides AI recommendation systems to e-commerce businesses, said on Thursday that its team is joining OpenAI.

The startup was backed by Index Ventures, Shopify, Plug and Play, and Radical Ventures, and had raised more than $13.5 million across multiple rounds, according to Crunchbase.

Crossing Minds largely worked with e-commerce companies to improve their personalization and recommendation systems.

The company claims it studies customers’ on-site behavior data to gather insights on their shopping preferences without compromising privacy. Yahoo Finance reports.

🎆 Exclusive: Trump plans executive orders to power AI growth in race with China: The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to four sources familiar with the planning.

Top economic rivals U.S. and China are locked in a technological arms race and with it secure an economic and military edge. The huge amount of data processing behind AI requires a rapid increase in power supplies that are straining utilities and grids in many states. Reuters reports.

👟 Nike shares rally as turnaround takes shape amid tariff woes: Nike shares surged 10% in premarket trading on Friday as an encouraging forecast and plans to reduce China production for U.S.-bound goods bolstered confidence in an ongoing turnaround effort at the sportswear giant.

Major U.S. brands have spent years shifting away from Chinese factories as political tensions between Washington and Beijing escalated, but President Donald Trump's latest import tariffs are pushing companies to hasten their retreat. Reuters reports.

🎢 Meta Wins Price Target Hike Amid Artificial Intelligence Shake-up: Facebook-parent Meta Platforms stands out as a future leader in monetizing artificial intelligence products despite recent drama involving its strategy, says UBS, which on Thursday hiked its price target on the company.

Meta stock gained on Thursday, adding to a recent rally. Investors.com reports.

🤖 Nvidia Becomes World's Most Valuable Company: Nvidia Corp. shares rose to an all-time high on Wednesday, with the leader in artificial intelligence chips extending an advance that has cemented its position as one of the most valuable companies in the world.

At one point during Wednesday's trading, a Nvidia had a market cap of about $3.77 trillion, overtaking Microsoft Corp. at $3.66 trillion. MarketScreener reports.

🛢️ Oil set for steepest weekly decline in two years, risk subsides: Oil prices headed for their steepest weekly decline in two years on Friday (June 27).

That's after Israel and Iran agreed a ceasefire, which ended disruption fears and saw any risk premium evaporate. Brent crude futures rose to over $68 a barrel in early trade.

While U.S. West Texas Intermediate crude was at $65.8. That put both contracts on course for a weekly fall of about 12%. The benchmarks are now back at the levels they were at before Israel began the conflict. MarketScreener reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1) $INMB: INmune Bio

Total gain: +82.64%

2) $CYN: Cyngn

Total gain: +57.13%

3) $GCTK: GlucoTrack

Total gain: +29.31%

4) $CYCN: Cyclerion Therapeutics

Total gain: +25.38%

5) $IROH: Iron Horse Acquisitions

Total gain: +24.79%

The closing price of the top three market percent gainers trading near or above $3 on June 26.
Benzinga reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) $CYN: Cyngn

Total gain: +173.85%

The company announced that it has entered into definitive agreements in a registered direct offering with a single institutional investor for the purchase and sale of approximately $15.0 million of shares of common stock and pre-funded warrants at a price of $5.01 per share of common stock. Yahoo Finance reports.

2) $ASTI: Ascent Solar Technologies

Total gain: +146.34%

The company announced today that it is commencing work on a collaborative Agreement Notice with NASA’s Marshall Space Flight Center, with support from NASA’s Glenn Research Center, to efficiently advance capabilities for receiving beamed power using CIGS PV modules. Yahoo Finance reports.

3) $KWE: KWESST Micro Systems

Total gain: +49.58%

The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


APOG: Apogee Enterprises
1Q 2026

Before Market Open
Estimate: 0.450
Actual: 0.560

CNVS: Cineverse
4Q 2025

After Market Close
Estimate: 0.000
Actual: N/A

Time (ET) / Report / Period

10:00 am - Consumer sentiment (final) - June

8:30 am - Personal income - May

“An intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.”

- Benjamin Graham

Sourced in: “The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel”, by Benjamin Graham, published in 1949