Computer chipmaker Nvidia's blockbuster quarterly earnings are boosting investor confidence in the AI revolution and the tech sector at large.

President Donald Trump’s top economic advisers stressed Sunday that they would not be deterred by a recent court decision declaring many of the administration’s tariffs to be illegal, pointing to other authorities the White House could invoke

President Donald Trump believes the United States will plunge into “economic ruination” if his tariff plan is struck down permanently. A federal court blocked his “Liberation Day” tariffs this week before an appeals court reinstated them the next day.

Trump said he would postpone a 50% tariff on the European Union to “rapidly get together” with the bloc’s leadership.

President Trump has agreed to extend a deadline to negotiate tariffs with the European Union (EU) by more than a month. Trump had previously announced a 20% tariff on most EU goods, later reducing this to 10% to allow time for negotiations.