Bitcoin Hits All Time High of $120K, Trump Tariffs Shock Europe, Apple Faces Leadership Crisis

Benzinga brings Wall Street to Main Street in this jam-packed market recap featuring the biggest stories in finance, tech, crypto, and geopolitics: Bitcoin breaks $120,000 as crypto bulls cheer ETF inflows and pro-crypto bills hit Congress—short sellers lose over $1 billion. Trump ignites global tension by announcing 30% tariffs on all EU and Mexican goods starting August 1, threatening supply chains and provoking international backlash. Meta acquires Play AI, accelerating its push into natural-sounding voice AI for characters and content creation. Apple enters leadership limbo as Jeff Williams retires, leaving no clear successor to Tim Cook. Nvidia CEO Jensen Huang pushes back on U.S. fears over China, defending chip policy while balancing political risks. Sovereign wealth funds shift $27T to active management, eyeing AI, EVs, and semiconductors amid global uncertainty. RFK Jr. challenges Mars Inc. over synthetic food dyes in Skittles and M&M’s, reigniting health and safety debates. Google hires Windsurf’s AI team in a $2.4B deal, intensifying the agentic AI arms race. Alibaba hits record 80M deliveries, investing $7B into instant commerce to compete with JD.com and Meituan. Stay ahead of the markets with fast insights and deep context on what’s shaping tomorrow’s headlines. 🌐 Want more market-moving insights? Dive deeper at www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Let’s stay connected! Follow us for real-time updates, market tips, and exclusive content: 🔹 Instagram: https://www.instagram.com/benzinga 🔹 Facebook: https://www.facebook.com/benzinga 🔹 TikTok: https://www.tiktok.com/@benzinga 🔹 X: https://www.x.com/benzinga ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #StockMarket #Stocks #Finance