Europe Ditching U.S. Cloud Giants Microsoft (MSFT) and Google (GOOGL) in Anti-Trump Backlash
Stay Ahead of the Market:
Discover outperforming stocks and invest smarter with Top Smart Score Stocks.
Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.
Europe Rethinking Cloud Choices
As reported by Reuters, Benjamin Revcolevschi, chief executive of OVHCloud said global trade tensions are making European companies rethink their choice of cloud provider from a more strategic perspective.
This is in reference to President Donald Trump's tariff strategy which includes huge hikes on EU imports to the U.S. but also what is being perceived as his lukewarm attitude to the continent. He has decried the EU, thundering that it was established to 'screw the U.S.,' as well as undermining its support for Ukraine in the war with Russia and worrying politicians and military leaders about its commitment to NATO.
'In the current geopolitical context, we are seeing a shift in the concerns of private companies and public organizations in Europe. Questions of strategic autonomy are now on CEOs' agendas,' Revcolevschi said. 'The choice of a cloud provider is no longer just a technical matter, but also a strategic issue.'
U.S. Tech Vulnerability
OVHCloud is a data center provider operating 43 facilities across four continents and is clearly a rival of the U.S. tech stalwarts. It is natural that it would look to raise concerns to tempt more companies, intent on using data centers and cloud computing to power the AI revolution, to use its tech instead.
But it does show how vulnerable previously dominant U.S. tech firms are to the current political environment and the push towards more strategic and digital independence in Europe. That can be seen in the number of antitrust cases being launched in Europe against U.S. tech and more calls for the development of European tech to keep pace and compete.
The news did little to damage U.S. tech stocks with MSFT up 0.75% in pre-market trading, GOOGL up over 1% and Amazon up 1.2%.
What are the Best AI Stocks to Buy?
We have rounded up the best AI stocks to invest in using our TipRanks Comparison tool.
Disclaimer & Disclosure Report an Issue
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Style Blueprint
2 hours ago
- Style Blueprint
25 Early Amazon Prime Day Deals (Plus Tips & Tricks)
Share with your friends! Pinterest LinkedIn Email Flipboard Reddit This year, Prime Day (well, days) kicks off on July 8 and runs through July 11, making it twice as long as previous years' events. Here are 25 early Prime Day deals to shop now, plus some inside scoop on what's to come! This article contains product affiliate links. We may receive a commission if you make a purchase after clicking on one of these links. TIPS FOR SHOPPING PRIME DAY DEALS Make sure you have an active Prime membership. Consider what you need around the house. Stock up on items like discounted batteries, school supplies, bulbs, and baby items. Think about gifts. Top beauty, toy, and tech brands will be discounted. Think Dyson, Shark, Breville, Ninja, and LEGO. Add items to your cart ahead of time and track prices. Then, look at the related items to see if other similar items are discounted deeper. Amazon brands will likely have the best deals. Count on Alexa, Kindle, and Amazon Basics to deliver some serious deals. Check other colors/sizes of items. Different options bring different discounts. Check return policies. Before you excitedly click purchase, check if and when you can return your goods … especially your splurges. We also love Amazon's callouts of 'frequently returned' items. HEALTH & BEAUTY Shark FlexStyle $249 on Amazon (29% off $349.99) Widely considered a dupe for the Dyson Airwrap, the Shark HD430 FlexStyle delivers similar salon-worthy results at a significantly lower price. (Many reviewers say it even outperforms the Dyson!). This multitasker dries, smooths, curls, and volumizes, all in one sleek tool with interchangeable attachments and customizable heat settings. Pin XL Clean Face towels $12.99 for 50 on Amazon (19% off $15.99) Ditch your old germy towels for these ultra-soft disposable face towels made from natural plant fibers. Perfect for sensitive skin, one side is smooth, and the other is textured for a deep clean. Use them for makeup removal, drying, and then wiping up the deluge of water around the sink. Pin Makeup organizer $23.99 on Amazon (18% off $29.13) This sleek, spacious makeup bag keeps your beauty essentials organized and travel-ready. It opens flat for easy access, has inner pockets for neat storage, and features a clear, waterproof brush compartment. Perfect for trips, daily errands, or gifting to your favorite glam friend. Pin Mineral face sunscreen $13.97 on Amazon (13% off $15.99) Have you noticed it's sunny in the South? This lightweight, non-greasy, tinted sunscreen hydrates and protects with SPF 30 and comes in three flexible shades. It blends easily (no white cast!), soothes with niacinamide, and locks in moisture with hyaluronic acid. It's fragrance-free, safe for sensitive skin, and doubles as a glowy primer. Pin CLOTHING & ACCESSORIES Gingham set $20.99 on Amazon (22% off $26.99) Gingham is in, and this loungewear set is perfect for summer, inside and outside the house. It's soft, breathable, and effortlessly chic with its square-neck tank and wide-legged, elastic-waisted pants. Plus, it comes in three colors. Pin Chunky gold necklace $21.84 on Amazon (25% off $28.99) Another trend we're loving: the chunky statement choker. This sculptural gold collar necklace is perfect for dressing up a plain tee or adding drama to your favorite summer dress. Wear it layered or alone! Pin Double-lined workout shorts $19.99 on Amazon (20% off $24.99) Double-layered athletic shorts offer comfort and modesty when we really need them. This pair's inner compression layer prevents chafing and adds support, while the outer layer gives you room to breathe and stretch. With four built-in pockets, moisture-wicking fabric, and a comfy, stay-put waistband, these are a great pick. Pin HOME & BATH Iconic Sheet Set Queen set is $36.97 on Amazon (47% off $69.97) King set is $40.97 on Amazon (44% off $72.97) We're spotting 4.4 stars and 340,000 reviews … snag these award-winning Mellanni microfiber sheets for guest rooms, kids' rooms, or as your extra set. They're lightweight yet ultra-durable, soft, breathable, and built to last through spills, pets, and endless washes. Psst: Mellanni's 100% linen sheet sets are also on sale right now. Pin Best-selling Levoit air purifier $84.99 on Amazon (15% off $99.99) You, your pets, and your kids will thank you once you're breathing easier with this sleek, whisper-quiet air purifier. Its powerful three-stage HEPA filtration tackles allergens, pet dander, smoke, and odors. Compact but mighty, it can cover large or small spaces — and it runs so quietly, you'll forget it's there (but your sinuses won't … just wait until you change the filter on this thing …) Pin Travel steamer and iron $21.99 on Amazon (27% off $29.99) Wrinkles don't stand a chance when attacked with this steamer-iron combo. It heats up fast, packs down small, and smooths everything from dresses to jackets. Whether you're roadtripping or hopping continents, this travel accessory will save you headaches and money spent on hotel laundering. Pin Sewing kit $5.98 on Amazon (40% off $9.99) This compact sewing kit has everything you need for quick fixes and creative projects: colored threads, needles, scissors, buttons, and more are all neatly packed in a zip-up case. It's perfect for travel and anyone tired of running to the tailor for every minor fix. It makes a thoughtful, practical gift, too. Pin Dyson V8 cordless vacuum $349.99 on Amazon (26% off $469.99) We've said it a million times: a nice cordless vacuum is an absolute game-changer around the house. This Dyson has a long battery life and two suction modes. It's a powerhouse for carpet, tile, and beyond, and has anti-tangle tech to handle hair like a champ. (As an owner of this exact vacuum, I truly couldn't live without it, and it's held up for years!) Pin KITCHEN Set of 12 vintage glasses $49.88 on Amazon (17% off $59.98) These hobnail glasses bring instant vintage charm to any table. Made from thick, heat-resistant glass with a weighted base, they feel substantial yet elegant. Reviewers call them 'beautiful' and 'sturdy' kitchen staples. Serve water, cocktails, iced coffee — anything looks irresistible in these beauties. Pin Le Creuset Dutch oven $294.99 on Amazon (30% off $419.95) The classic Le Creuset Dutch oven is less of a splurge at this incredible price. It's the gold standard of cookware — gorgeous, durable, and endlessly versatile. The enameled cast iron retains heat like a dream and is perfect for everything from crusty sourdough to slow braises. It's the pot you'll reach for (and admire) the most. Pin Large mason jar $16.93 on Amazon (29% off $23.99) An oversized mason jar-style pitcher is as functional as it is charming. Made of thick glass with a leak-proof lid and wide mouth, it's great for iced tea, cold brew, lemon water, or batched cocktails. Pin Ninja blender $79.99 on Amazon (27% off $109.99) Crush, blend, and purée like a pro with the Ninja. This powerhouse tackles everything from thick, icy smoothies to creamy soups with ease, thanks to its stacked blade system and giant 72-ounce pitcher. It's sleek, dishwasher-safe, and surprisingly affordable for how beastly it blends. Pin OUTDOOR FUN Folding utility wagon $31.48 on Amazon (38% off $50.39) This wagon is your all-in-one hauling hero. It holds up to 265 pounds, folds flat for easy storage, and assembles in seconds. It is perfect for taking groceries inside, moving around in the garden, bringing beach stuff through the sand, and hauling sports gear. Pin YETI Hard Coolers The Roadie in Red Vine: $200 on Amazon (20% off $250) The Tundra in Red Vine: $220 on Amazon (20% off $275) YETI's hard coolers are built to keep ice frozen for days with their extra-thick walls and insulation. They're highly rated go-tos for kids' games, tailgates, fishing trips, camping adventures, and more. This is the thing to add to your Prime Day deals wishlist. Pin Stroller fan $26.99 on Amazon (25% off $35.99) Moms swear by the Momcozy brand for all the right reasons. This stroller fan is the MVP of summer outings. Its bendy tripod legs wrap around stroller bars, car seats, golf carts, shopping carts, and cribs, and the rechargeable battery keeps a powerful breeze going for hours. Pin Splash pad $24.99 on Amazon (38% off $40) These summer heat waves require more water! This kiddie pool features a built-in educational mat perfect for toddlers one year and up. It's BPA-free, super safe, and turns backyard fun into a sunny alphabet lesson. (Here's a bigger one that's better for adults and dogs.) Pin Battery-powered cordless leaf blower $284.99 on Amazon (21% off $359.99) This EGO blower bundle packs a serious punch. It's got up to 150 minutes of runtime, and a rechargeable lithium battery to keep you going. With variable speed control, comfy ergonomic design, and bonus nozzles, it's everything you need to keep the outside in tip-top shape all year. Pin TECH GADGETS AirPods Pro 2 $199 on Amazon (20% off $249) Prime Day deals are a great chance to get or replace your favorite Apple products. The Apple AirPods Pro 2 have top-tier sound with active noise cancellation that silences the world around you, and a transparency mode when you want to hear it. They're sweat- and water-resistant with rich, immersive audio in a pocket-friendly charging case. Pin Three-Camera Blink system $109.98 on Amazon (50% off $219.98) Sometimes we need more than just a doorbell cam. This Blink bundle includes two weatherproof outdoor cameras and one tiny but powerful mini one for indoors to watch over pets, people, and packages. You'll get crisp HD video, night vision, motion alerts, and even two-way audio — all controlled from the Blink app. Plus, free cloud storage for 30 days and the option to save clips. Pin Four AirTags $74.99 on Amazon (24% off $99) Anyone who's flown recently knows that tracking your bags is essential. Never lose your keys, wallet, luggage, or sanity again. Attach your AirTags to anything, connect via Find My, and relax knowing you can locate your stuff with a tap. Pin Portable charger $29.98 on Amazon (25% off $39.99) This ultra-slim power bank is an everyday and travel essential. Think six-device charging, built‑in cables (no clutter), and speedy juicing with an LED display that keeps you informed. Plus, it's compact enough for a pocket or purse. Pin As an Amazon Associate, we earn from qualifying purchases. Happy Prime Day Deals to all! ********** What else are you currently shopping for? Hop over to Instagram and let us know! About the Author Zoe Yarborough Zoe is a StyleBlueprint staff writer, Charlotte native, Washington & Lee graduate, and Nashville transplant of eleven years. She teaches Pilates, helps manage recording artists, and likes to "research" Germantown's food scene.
Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
What's in the latest version of Trump's big bill that passed the Senate
WASHINGTON (AP) — Republicans are getting closer to the finish line in getting their tax and spending cut bill through Congress with a final House vote possible on Wednesday. At some 887 pages, the legislation is a sprawling collection of tax breaks, spending cuts and other Republican priorities, including new money for national defense and deportations. President Donald Trump has admonished Republicans, who hold majority power in the House and Senate, to skip their holiday vacations and deliver the bill by the Fourth of July. Democrats are united against the legislation, but are powerless to stop the bill if Republicans are united. The Senate passed the bill, with Vice President JD Vance casting the tie-breaking vote. The House passed an earlier iteration of the bill in May with just one vote to spare. Now, it will take up the Senate-amended measure. Here's the latest on what's in the bill. There could be changes as GOP lawmakers continue to negotiate. Tax cuts are the priority Republicans say the bill is crucial because there would be a massive tax increase after December when tax breaks from Trump's first term expire. The legislation contains about $4.5 trillion in tax cuts. The existing tax rates and brackets would become permanent under the bill. It temporarily would add new tax breaks that Trump campaigned on: no taxes on tips, overtime pay, the ability to deduct interest payments for some automotive loans, along with a $6,000 deduction for older adults who earn no more than $75,000 a year. It would boost the $2,000 child tax credit to $2,200. Millions of families at lower income levels would not get the full credit. A cap on state and local deductions, called SALT, would quadruple to $40,000 for five years. It's a provision important to New York and other high tax states, though the House wanted it to last for 10 years. There are scores of business-related tax cuts, including allowing businesses to immediately write off 100% of the cost of equipment and research. The wealthiest households would see a $12,000 increase from the legislation, which would cost the poorest people $1,600 a year, according to the nonpartisan Congressional Budget Office analysis of the House's version. Middle-income taxpayers would see a tax break of $500 to $1,500, the CBO said. Money for deportations, a border wall and the Golden Dome The bill would provide some $350 billion for Trump's border and national security agenda, including $46 billion for the U.S.-Mexico border wall and $45 billion for 100,000 migrant detention facility beds, as he aims to fulfill his promise of the largest mass deportation operation in U.S. history. Money would go for hiring 10,000 new Immigration and Customs Enforcement officers, with $10,000 signing bonuses and a surge of Border Patrol officers, as well. The goal is to deport some 1 million people per year. The homeland security secretary would have a new $10 billion fund for grants for states that help with federal immigration enforcement and deportation actions. To help pay for it, immigrants would face various new fees, including when seeking asylum protections. For the Pentagon, the bill would provide billions for ship building, munitions systems, and quality of life measures for servicemen and women, as well as $25 billion for the development of the Golden Dome missile defense system. The Defense Department would have $1 billion for border security. How to pay for it? Cuts to Medicaid and other programs To help partly offset the lost tax revenue and new spending, Republicans aim to cut back on Medicaid and food assistance for the poor. Republicans argue they are trying to rightsize the safety net programs for the population they were initially designed to serve, mainly pregnant women, the disabled and children, and root out what they describe as waste, fraud and abuse. The package includes new 80-hour-a-month work requirements for many adults receiving Medicaid and food stamps, including older people up to age 65. Parents of children 14 and older would have to meet the program's work requirements. There's also a proposed new $35 co-payment that can be charged to patients using Medicaid services. More than 71 million people rely on Medicaid, which expanded under Obama's Affordable Care Act, and 40 million use the Supplemental Nutrition Assistance Program. Most already work, according to analysts. The Congressional Budget Office estimates that 11.8 million more Americans would become uninsured by 2034 if the bill became law and 3 million more would not qualify for food stamps, also known as SNAP benefits. Republicans are looking to have states pick up some of the cost for SNAP benefits. Currently, the federal government funds all benefit costs. Under the bill, states beginning in 2028 will be required to contribute a set percentage of those costs if their payment error rate exceeds 6%. Payment errors include both underpayments and overpayments. But the Senate bill temporarily delays the start date of that cost-sharing for states with the highest SNAP error rates. Alaska has the highest error rate in the nation at nearly 25%, according to Department of Agriculture data. Sen. Lisa Murkowski, R-Alaska, had fought for the exception. She was a decisive vote in getting the bill through the Senate. A 'death sentence' for clean energy? Republicans are proposing to dramatically roll back tax breaks designed to boost clean energy projects fueled by renewable sources such as energy and wind. The tax breaks were a central component of President Joe Biden's 2022 landmark bill focused on addressing climate change and lowering healthcare costs. Democratic Oregon Sen. Ron Wyden went so far as to call the GOP provisions a 'death sentence for America's wind and solar industries and an inevitable hike in utility bills.' A tax break for people who buy new or used electric vehicles would expire on Sept. 30 of this year, instead of at the end of 2032 under current law. Meanwhile, a tax credit for the production of critical materials will be expanded to include metallurgical coal used in steelmaking. Trump savings accounts and so, so much more A number of extra provisions reflect other GOP priorities. The House and Senate both have a new children's savings program, called Trump Accounts, with a potential $1,000 deposit from the Treasury. The Senate provided $40 million to establish Trump's long-sought 'National Garden of American Heroes.' There's a new excise tax on university endowments. A $200 tax on gun silencers and short-barreled rifles and shotguns was eliminated. One provision bars money to family planning providers, namely Planned Parenthood, while $88 million is earmarked for a pandemic response accountability committee. Another section expands the Radiation Exposure Compensation Act, a hard-fought provision from GOP Sen. Josh Hawley of Missouri, for those impacted by nuclear development and testing. Billions would go for the Artemis moon mission and for the exploration of Mars. Additionally, a provision would increase the nation's debt limit, by $5 trillion, to allow continued borrowing to pay already accrued bills. Last-minute changes The Senate overwhelmingly revolted against a proposal meant to deter states from regulating artificial intelligence. Republican governors across the country asked for the moratorium to be removed and the Senate voted to do so with a resounding 99-1 vote. A provision was thrown in at the final hours that will provide $10 billion annually to rural hospitals for five years, or $50 billion in total. The Senate bill had originally provided $25 billion for the program, but that number was upped to win over holdout GOP senators and a coalition of House Republicans warning that reduced Medicaid provider taxes would hurt rural hospitals. The amended bill also stripped out a new tax on wind and solar projects that use a certain percentage of components from China. What's the final cost? Altogether, the Congressional Budget Office projects that the bill would increase federal deficits over the next 10 years by nearly $3.3 trillion from 2025 to 2034. Wednesdays Columnist Jen Zoratti looks at what's next in arts, life and pop culture. Or not, depending on how one does the math. Senate Republicans are proposing a unique strategy of not counting the existing tax breaks as a new cost because those breaks are already 'current policy.' Republican senators say the Senate Budget Committee chairman has the authority to set the baseline for the preferred approach. Under the alternative Senate GOP view, the bill would reduce deficits by almost half a trillion dollars over the coming decade, the CBO said. Democrats say this is 'magic math' that obscures the true costs of the tax breaks. Some nonpartisan groups worried about the country's fiscal trajectory are siding with Democrats in that regard. The Committee for a Responsible Federal Budget says Senate Republicans are employing an 'accounting gimmick that would make Enron executives blush.' ___
Toronto Sun
2 hours ago
- Toronto Sun
EDITORIAL: Elbows down on the Digital Services Tax
Canadian Prime Minister Mark Carney (L) and US President Donald Trump arrive for a family photo during the Group of Seven (G7) Summit at the Kananaskis Country Golf Course in Kananaskis, Alberta, Canada on June 16, 2025. Photo by GEOFF ROBINS / AFP via Getty Images The only thing worse than Prime Minister Mark Carney rescinding the Digital Services Tax, two days after President Donald Trump threatened to shut down trade and security negotiations with the U.S. because of it, would have been not rescinding it. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Carney's about-face made Canada look weak and we obtained nothing in return other than a resumption of the talks. That sent a message to Trump that his brinkmanship tactics work. A tactic he could use again when it comes to the bigger issue of Canada's supply management system for dairy, poultry and eggs, which the U.S. president has targeted for years. That said, implementing the DST would have been worse, permanently derailing the chance of a negotiated settlement with the White House on trade and security. This is over a tax on U.S. tech giants passed a year ago by the Justin Trudeau Liberals — unpopular with U.S. and Canadian business organizations — which would have cost Canadian taxpayers an estimated $7.2 billion over five years, as the tech giants passed along their increased costs to us. This advertisement has not loaded yet, but your article continues below. Carney made the best of a bad situation inherited from the Trudeau government, even if it did mean another example of how, despite his 'elbows up' election rhetoric, his negotiation tactics with Trump have been mostly 'elbows down.' To be fair, that's not surprising, given that the U.S. economy is 10 times larger than our own. It underscores the reality that if and when a deal between Canada and the U.S. is signed — before or after the self-imposed July 21 deadline agreed to by both countries — some of its provisions will be damaging to our economy. That makes it even more important that our federal and provincial governments focus on issues they can control. This includes the elimination of inter-provincial trade barriers, which involves a lot more than rescinding federal barriers to cross-Canada trade, which Parliament has now approved, given that many restrictions by the provinces remain in place. It means green-lighting new oil and natural gas pipelines to get our vast oil and natural gas resources to tidewater, mining for valuable minerals in Canada's Ring of Fire to reduce our dependence on China for them, along with other 'nation-building' projects. Ontario Toronto Blue Jays Editorial Cartoons Toronto Maple Leafs Sports
