(Bloomberg) — US oil refiners have found an unlikely ally in their opposition to President Donald Trump’s proposed changes to biofuel policy: China. A plan to slash incentives for renewable diesel produced from imported feedstocks will disrupt trade, harm US fuelmakers and undermine efforts to slash carbon emissions, a Chinese government agency said in an…
An electronic ticker displays the figures for the CSI 300 Index, top, and the SZSME on a footbridge in Pudong’s Lujiazui Financial District in Shanghai. Photographer: Qilai Shen/Bloomberg (Bloomberg) — Chinese investors are putting their faith in the government to engineer a slow and steady rise in share prices, betting that previous periods of boom…
Wall Street expects Broadcom to post 34% year-over-year growth in adjusted earnings per share for the fiscal third quarter. (Bloomberg) — Investors worried about faltering momentum in the artificial intelligence trade are looking for a spark from Thursday’s earnings report by the world’s hottest chipmaker: Broadcom Inc. Most Read from Bloomberg But after the more…
The DeepSeek AI app. (Bloomberg) — DeepSeek is developing an artificial intelligence model with more advanced AI agent features to compete with US rivals like OpenAI in a newer frontier of the technology, according to people familiar with the matter. The Hangzhou-based startup is building an AI model that’s designed to carry out multi-step actions…
President Donald Trump, right, and Elon Musk during a news conference in the Oval Office of the White House on May 30. (Bloomberg) — President Donald Trump said former ally Elon Musk has no choice but to return to the Republican Party after their highly public rift earlier this year. Most Read from Bloomberg “I…
The Nvidia headquarters in Santa Clara, California. (Bloomberg) — Nvidia Corp. closed below a key technical level for the first time since May as investors continue to rotate out of the leading maker of artificial intelligence chips. The stock fell 2% to $170.74 on Tuesday, a fourth straight negative session that took it below its…
Vladimir Putin, Narendra Modi and Xi Jinping during the SCO summit, in this photo supplied by Russian state media. (Bloomberg) — President Xi Jinping used a mix of bonhomie and economic allure this week to send Donald Trump a clear message: Beijing has too much global clout to be dictated by the US. Cameras captured…
(Bloomberg) — The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed. Most Read from Bloomberg Jobs reports, a key inflation reading and the Federal Reserve’s interest rate decision all hit over the next 14 trading sessions,…
(Bloomberg) — Stocks staged a modest rebound from a technology-led selloff, setting a steadier tone at the outset of a month that could bring plenty of tests to markets trading near record highs. Most Read from Bloomberg Europe’s Stoxx 600 (^STOXX) advanced 0.2%. BAE Systems Plc (BA.L, BAESY) and Rheinmetall AG (RNMBY, RHM.DE) led gains…
Commuters on a SEPTA train platform at 30th Street Station in Philadelphia, Pennsylvania. (Bloomberg) — Employers in the US showed little enthusiasm to take on workers during August, and the unemployment rate probably ticked up to an almost four-year high, adding to evidence of a more subdued labor market. Most Read from Bloomberg Economists project…