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BREAKING: The US budget deficit dropped $76 billion year-over-year in March, to $161 billion, the lowest in 5 years.
This comes as total government receipts increased 11% to $368 billion while spending declined 7% to $528 billion, per ZeroHedge.
This was a significant improvement from a $307 billion budget gap seen in February, the second-largest in history.
For the first 6 months of the Fiscal Year 2025, the total deficit now stands at $1.3 trillion, the second-highest on record.
Only 2021 saw a higher 6-month deficit of $1.7 trillion in the recovery from the pandemic.
Is government spending finally slowing?
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BREAKING: The US budget deficit dropped $76 billion year-over-year in March, to $161 billion, the lowest in 5 years.
This comes as total government receipts increased 11% to $368 billion while spending declined 7% to $528 billion, per ZeroHedge.
This was a significant improvement from a $307 billion budget gap seen in February, the second-largest in history.
For the first 6 months of the Fiscal Year 2025, the total deficit now stands at $1.3 trillion, the second-highest on record.
Only 2021 saw a higher 6-month deficit of $1.7 trillion in the recovery from the pandemic.
Is government spending finally slowing?
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BREAKING: Nvidia, $NVDA, says the US government has banned them from selling H20 chips to China "for the indefinite future."
Nvidia says this will come with a $5.5 billion charge to Q1 earnings.
The stock is down over -5% on the news. https://t.co/SZwoytMjn5
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BREAKING: Nvidia, $NVDA, says the US government has banned them from selling H20 chips to China "for the indefinite future."
Nvidia says this will come with a $5.5 billion charge to Q1 earnings.
The stock is down over -5% on the news. https://t.co/SZwoytMjn5
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Nvidia, $NVDA, was the world's largest company just months ago, worth nearly $3.7 trillion.
Today, it's at the center of the largest trade war in US history.
The US government imposing a single export license requirement just cost Nvidia $5.5 BILLION in Q1 alone.
President Trump is going all-in.
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Nvidia, $NVDA, was the world's largest company just months ago, worth nearly $3.7 trillion.
Today, it's at the center of the largest trade war in US history.
The US government imposing a single export license requirement just cost Nvidia $5.5 BILLION in Q1 alone.
President Trump is going all-in.
BREAKING: Nvidia, $NVDA, says the US government has banned them from selling H20 chips to China "for the indefinite future."
Nvidia says this will come with a $5.5 billion charge to Q1 earnings.
The stock is down over -5% on the news. https://t.co/SZwoytMjn5 tweet
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The Kobeissi Letter
BREAKING: Nasdaq 100 futures fall -250 points as the US government bans the sale of Nvidia’s H20 chips to China. https://t.co/BLAt33jJZL
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BREAKING: Nasdaq 100 futures fall -250 points as the US government bans the sale of Nvidia’s H20 chips to China. https://t.co/BLAt33jJZL
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BREAKING: President Trump is launching a probe into the need for tariffs on critical minerals, per Bloomberg. https://t.co/GkFK13ssnY
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BREAKING: President Trump is launching a probe into the need for tariffs on critical minerals, per Bloomberg. https://t.co/GkFK13ssnY
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This is unusual:
At 2:20 PM, there was an $8 million spike in puts on the Nasdaq 100 ETF.
4 hours later, the US banned Nvidia, $NVDA, from selling their H20 chips to China.
The Nasdaq is now down nearly -300 points since.
Someone always knows. https://t.co/sRik5guA6n
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This is unusual:
At 2:20 PM, there was an $8 million spike in puts on the Nasdaq 100 ETF.
4 hours later, the US banned Nvidia, $NVDA, from selling their H20 chips to China.
The Nasdaq is now down nearly -300 points since.
Someone always knows. https://t.co/sRik5guA6n
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The Kobeissi Letter
BREAKING: AMD stock, $AMD, falls -8% on news of the US banning sales of Nvidia’s H20 chip to China. https://t.co/hVBhVdvqr4
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BREAKING: AMD stock, $AMD, falls -8% on news of the US banning sales of Nvidia’s H20 chip to China. https://t.co/hVBhVdvqr4
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BREAKING: Nasdaq 100 futures extend losses to over -300 points on the Nvidia H20 chip restriction news. https://t.co/EcRlTxw5vq
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BREAKING: Nasdaq 100 futures extend losses to over -300 points on the Nvidia H20 chip restriction news. https://t.co/EcRlTxw5vq
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