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Trump Threatens 50% Tariff on China Over Alleged Iran Arms Shipment, Escalating Trade and Geopolitical Tensions

President Trump on Sunday threatened to impose an immediate 50% tariff on Chinese goods if Beijing is proven to be supplying military weapons to Iran, following reports of a potential air defense system shipment. The warning compounds existing geopolitical stress and raises fresh concerns about U.S.-China trade relations ahead of a scheduled May summit, adding another layer of uncertainty to an already volatile global market environment.

Alibaba Reports Q3 Fiscal 2026 Results: Revenue Misses Estimates but Cloud and AI Growth Accelerate Ahead of Key Catalyst Period

Alibaba reported its December quarter fiscal 2026 results Thursday before the U.S. market open, posting earnings per share of $6.96 — missing the $11.88 consensus estimate — alongside revenue that fell short of expectations. However, the company's Alibaba Cloud and AI services divisions showed continued acceleration, and investors are closely watching for guidance on the company's capital allocation plans and the domestic Chinese economic environment heading into the new fiscal year.

Walmart Fourth Quarter Earnings Tomorrow to Provide Critical Read on U.S. Consumer Resilience

Walmart will report fiscal fourth quarter 2026 results before market open Thursday, with analysts forecasting adjusted EPS of $0.73 and revenue between $188.6-$190.5 billion. The report represents a pivotal test for the $1 trillion retailer following a 43-day government shutdown and carries outsized importance as a barometer of American consumer health amid a K-shaped recovery that has seen Walmart capture 75% of market share gains from households earning over $100,000.