Global Markets Update: Google wins key antitrust battle and markets on the move
GOOGLE SCORES ANTITRUST VICTORY
Alphabet (GOOGL) shares surged more than 5% in after-hours trading on Tuesday, after a federal judge ruled that Google will not be forced to sell its popular Chrome browser as part of corrective measures in the historic Department of Justice antitrust case.
Judge Amit Mehta also decided that Google will not have to divest its Android operating system, another significant win for the company. This ruling allows Google to avoid severe sanctions that could have reshaped its business model and dominant position in the search market.
UNITED STATES ALERT: TRUMP’S TARIFFS UNDER FIRE
A US federal appeals court ruled on Friday that most of Donald Trump’s global tariffs were illegal, reaffirming a previous decision by the Court of International Trade, which stated the former president had exceeded his authority by invoking emergency powers.
However, the judges allowed the tariffs to remain in place while the appeal process continues. Trump insisted that market uncertainty was behind the declines: “The stock market is down because it needs the tariffs. They want the tariffs,” he declared from the Oval Office.
2025: THE YEAR OF GOLD AND SILVER
Gold set a new all-time high on Tuesday, climbing 2.33% to $3,598 per ounce, while silver rose 2.23% to $41.095, its highest level in 14 years.
The surge in precious metals in 2025 reflects a combination of economic, geopolitical, and financial factors: the prolonged war in Ukraine, trade tensions between the United States and China, and instability in the Middle East.
In this context, gold consolidates its role as the ultimate safe-haven asset, while silver gains appeal thanks to its strong industrial demand.
MICROSOFT AND THE US GOVERNMENT: STRATEGIC ALLIANCE IN THE MAKING
Microsoft has agreed to provide the US General Services Administration (GSA) with approximately $6 billion in savings over the next three years for cloud services used by federal agencies.
The GSA, created in 1949, is an independent agency designed to support and oversee the basic functioning of federal agencies. This deal strengthens Microsoft’s position as a key technology partner in the digital infrastructure of the United States.
WLFI: TRUMP’S TOKEN ARRIVES IN LATIN AMERICA
The World Liberty Financial (WLFI) token, linked to the family of President Donald Trump, made its spot market debut on 1 September through Mercado Bitcoin (MB), becoming the first Latin American exchange to list the asset.
After months of anticipation and having circulated only in futures, WLFI enters the market carrying both the promise of a decentralised financial ecosystem and the political weight of the Trump name. The launch is set to attract global attention from investors, analysts, and crypto enthusiasts alike.
HISTORIC ALLIANCE: TRUMP MEDIA AND CRYPTO.COM
Trump Media and Crypto.com announced a strategic partnership to launch Trump Media Group CRO Strategy, a new crypto-finance entity focused on accumulating Crypto.com’s native token, CRO.
Trump Media plans to purchase $105 million worth of CRO, while Crypto.com will invest $50 million in Trump Media common shares.
The partnership will integrate CRO and Crypto.com’s wallet infrastructure into platforms such as Truth Social and Truth+, enabling reward systems and subscription payments via cryptocurrency.
WILL ETHEREUM OVERTAKE BITCOIN?
Joseph Lubin, CEO of Consensys, predicted that Ethereum (ETH) could grow as much as 100x, potentially surpassing the monetary base of Bitcoin (BTC).
According to Lubin, Ethereum will become the backbone of global financial systems, thanks to its role in DeFi, Layer 2 (L2) solutions, and smart contracts. If realised, this scenario would consolidate Ethereum as the cornerstone of the decentralised economy.
TECH GIANTS: UNSTOPPABLE GROWTH
The so-called “Magnificent Seven” continue to power Wall Street. In Q2 2025, these companies generated $551.4 billion in combined revenue, more than double their 2020 figure.
Revenue Q2 2025 vs. Q2 2020:
Nvidia (NVDA): $46.7B vs. $3.9B
Microsoft (MSFT): $76.4B vs. $38B
Apple (AAPL): $94B vs. $59.7B
Google (GOOGL): $96.4B vs. $38.3B
Amazon (AMZN): $167.7B vs. $88.9B
Meta (META): $47.5B vs. $18.7B
This impressive growth underscores the dominance of technology companies as the main drivers of the global economy, with recurring revenues that highlight their ability to sustain long-term expansion.
Conclusion
Global markets have been shaped this week by decisive shifts — from gold’s historic rally and the arrival of Trump-linked tokens to strategic alliances involving Microsoft and Crypto.com.
A blend of technological innovation, political developments, and crypto adoption will continue to define financial markets throughout the rest of 2025.
