DailyEdge

Trump's latest tariff pause has Wall Street reeling back its recession calls. Discussion of an economic downturn later in 2025 had surged as economists argued Trump's widespread tariffs would boost inflation and slow economic growth.

US stock futures backed off on Tuesday as economic worries replaced US-China trade truce euphoria in the wait for the latest US consumer inflation report to reveal the impact of tariffs.

Market watchers have labeled the new U.S.-China deal to temporarily cut tariffs “better than expected,” “more workable” and even a “dream scenario” — and are expecting more near-term relief for investors. Under the deal, so-called reciprocal tariffs will drop from over 100% to 10% on both sides.

US stock futures trod water on Friday as Wall Street digested the latest signs President Trump's trade war could be entering a more conciliatory phase as the US heads into talks with China. Dow Jones Industrial Average futures slipped roughly 0.2%, while S&P 500 futures traded broadly flat. Contracts on the tech-heavy Nasdaq 100 tipped 0.1% higher.

Britain is set to sign a trade deal with the U.S., making it the first country to do so after the world’s largest economy announced stiff “reciprocal” tariffs against friends and foes alike in April. The White House is due to hold a press conference at 10:00 a.m. ET (3 p.m. London time) on Thursday in the Oval Office.

Stock futures advanced Wednesday as investors monitored the latest updates on U.S. trade negotiations and looked toward the Federal Reserve interest rate announcement expected later in the day. Dow Jones Industrial Average futures added 226 points, or 0.6%. S&P 500 futures popped 0.6%, along with Nasdaq 100 futures.

DoorDash, the ubiquitous U.S. food delivery app, has agreed to acquire British rival Deliveroo for 2.9 billion pounds ($3.9 billion) in cash, expanding its business in Europe, Asia and the Middle East.

On Saturday, longtime Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett said he plans to recommend to the company's board that Greg Abel take over at the end of the year.

China has said it's evaluating approaches from US officials to start negotiations about tariffs, a potential de-escalation in the trade war that has raised hopes that formal trade talks could start soon.

European auto giants reported a sharp drop in first-quarter profit, and many suspended or cut full-year financial guidance, partially attributing the industry pain to U.S. President Donald Trump’s trade tariffs.