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Samsung Electronics posts 22% jump in Q1 net profit
Samsung Electronics posts 22% jump in Q1 net profit

South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs. The world's largest memory chipmaker reported net profit of 8.22 trillion won ($5.75 billion) for the January–March quarter, up 21.7 percent on-year.

Financial markets may be the last guardrail on Trump
Financial markets may be the last guardrail on Trump

Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors. The White House quickly shifted its tone on China and Trump reassured the public that he won't fire Powell.