TLDR

MARKET RECAP → Stocks climbed on Friday after a surprisingly strong jobs report boosted investor confidence in the economy's resilience.

EU IMPOSES TARIFFS ON CHINESE EVs→ 🚗 The EU slapped tariffs on Chinese EVs to curb unfair subsidies, aiming to protect European automakers—though critics fear it could drive up prices.

PORT STRIKE ENDS WITH NEW DEAL→ ⚓ U.S. port workers ended their strike with a deal that included a 61.5% wage hike over six years, clearing the way for cargo to start moving again.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

EU Imposes Tariffs On Chinese EVs

🚗 The European Union voted to impose tariffs on Chinese electric vehicles (EVs), citing concerns over unfair subsidies. The move aimed to level the playing field for European automakers and reduce reliance on cheaper Chinese imports.

💸 The tariffs targeted battery electric vehicles (BEVs), which had been flooding the European market at competitive prices. EU officials argued that these lower prices were artificially boosted by Chinese government support.

⚖️ Critics warned that the tariffs could slow EV adoption in Europe, potentially raising prices for consumers and disrupting the transition to greener transport. However, the EU remained firm in its stance to protect local industry.

TODAY’S TOP NEWS

Port Strike Ends With New Deal

⚓ The U.S. port strike ended after workers reached a tentative deal on wages and a contract extension. The agreement included a 61.5% wage increase over six years, easing concerns about prolonged supply chain disruptions.

🚢 The strike had caused major delays in cargo movement, impacting industries from retail to manufacturing. With the deal in place, operations at key U.S. ports were set to resume, alleviating fears of ongoing economic impact.

💼 The settlement came after tense negotiations, with port workers securing substantial wage increases while both sides worked to stabilize a critical part of the global supply chain.

BULL VS. BEAR

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