Archive · 2 Jun 2025
Top Stories: Trump Tariffs Blocked, RBI Gold at Record, Nvidia Earnings Surge
Today's top stories include a setback for Donald Trump's tariffs, as a court ruled them illegal.
The Reserve Bank of India has increased its gold holdings to a record high.
Meanwhile, Nvidia's earnings beat expectations, causing its stock price to jump.
A UN aid warehouse in Gaza was stormed amid a hunger crisis.
Additionally, Hailey Bieber's brand, Rhode, was sold in a $1 billion deal.
A US trade court blocked a majority of Donald Trump's global tariffs, deeming them illegal.
The RBI increased its gold holdings, reaching a record of 879.58 tonnes.
Nvidia's Q1 earnings exceeded expectations, leading to a surge in stock price.
A UN aid warehouse in Gaza was stormed amid a hunger crisis.
Hailey Bieber sold her makeup and skincare brand Rhode to Elf Beauty for approximately $1 billion.
- Who
- Donald Trump, the US Trade Court, the Reserve Bank of India, Nvidia, Hailey Bieber, and civilians in Gaza.
- What
- The US trade court blocked Trump's tariffs; RBI's gold holdings hit a record; Nvidia's earnings were strong; Hailey Bieber sold her brand, Rhode; and a UN warehouse in Gaza was stormed.
- When
- Recent days, specifically covering events through May 29, 2025.
- Where
- United States (trade court, Nvidia's operations), India (RBI), Gaza (UN warehouse).
- Why
- The US trade court ruled against Trump's tariffs due to their illegality. Nvidia's earnings beat expectations, driving up the stock price. Hunger prompted civilians to storm a UN warehouse.
Pro-Tariff Supporters
Anti-Tariff Supporters
Tariffs
Pro-Tariff Supporters
Believe tariffs help protect US industries.
Anti-Tariff Supporters
Considered illegal by the US trade court.
- RBI Gold Holdings
- 879.58 tonnes
- Rhode Brand Sale Value
- $1 billion
- Bank Fraud Cases in FY25
- 23,953
- Value of Bank Frauds in FY25
- ₹36,014 crore
- Nvidia Revenue (Q1 2026)
- $44.06 billion
- Nvidia Earnings Per Share (Q1 2026)
- $0.96
