By coinnews 
00:00 Speaker A
It’s time for Yahoo! Finance’s market minute. Stocks rally as President Trump softens investors’ fears over the Central Bank’s independence and over China tariffs. Tech names in particular are seeing a pop amid hopes of easing trade tensions between the US and China. Treasury Secretary Scott Benson denied that the administration is considering unilaterally slashing steep tariffs on Chinese imports. However, he did say that neither side believes that these are sustainable levels. Mega cap names like Amazon, Meta, and Nvidia all rising. Intel also getting a lift as the company reportedly plans to cut 20% of its workforce. That report coming a day before the chip maker is set to report first quarter earnings. And Oklo shares rising today, recovering from losses following the announcement of Sam Altman stepping down from his role as chairman. Oklo said it’s exploring strategic partnerships, including potentially with OpenAI. And that’s your Yahoo! Finance market minute.