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S&P 500 stock market today live updates: US stock market hits new record: S&P 500 live updates: All 3 indices hit record highs as Trump–China trade deal lifts Wall Street, AI stocks surge

Cs news1 year ago012 mins

S&P 500 rises to record high on Trump-China trade deal hopes, marking strong rebound from April lows- The S&P 500 surged to a new record high on Friday, climbing 0.4% to close at 6,168.60, boosted by renewed optimism around trade deals with China and other major partners. This gain marks a dramatic turnaround for the…

U.S., China announce a trade agreement

Cs news1 year ago012 mins

WASHINGTON (AP) — The U.S. and China have reached an agreement — again — to deescalate trade tensions. But details are scarce, and the latest pact leaves major issues between the world’s two biggest economies unresolved. President Donald Trump said late Thursday that a deal with China had been signed “the other day.” China’s Commerce…

Metals fall on US–China deal, Uber & Lyft: Trending Tickers

Cs news1 year ago08 mins

00:00 Speaker A Now time for some of today’s trending tickers, we’ll be watching precious metals, Uber and Lyft. Let’s start off with those metals. Like gold, silver and copper are all falling as the framework to a US China trade deal is announced. In this deal, China agrees to begin approving where earth metals…

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China is recalibrating its tech policy, elevating private enterprise to counter US export controls and drive innovation

Cs news1 year ago013 mins

China is recalibrating its tech policy, elevating private enterprise to counter US export controls and drive innovation On June 10, 2025, as trade negotiators from the United States and China gathered in London for another round of contentious talks, a different kind of negotiation played out on the front page of The People’s Daily, China’s…

Nike to raise costs as Trump’s tariffs on China bite | International Trade News

Cs news1 year ago07 mins

Nike has said it will cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue. The sportswear giant’s shares zoomed 15 percent at the opening bell on Friday morning after it announced the change in conjunction…

US lawmakers push for probe into OnePlus over China data leak fears

Cs news1 year ago02 mins

Two top US lawmakers have called on the Commerce Department to investigate whether smartphones made by Chinese tech company OnePlus pose national security risks by transmitting user data to servers in China without user consent. In a letter obtained by Reuters, Representative John Moolenaar, a Michigan Republican who chairs the House Select Committee on the…

China News

LexinFintech Awarded “Best AI Technology for Financial Technology Company in China” at The Asian Banker Awards 2025

Cs news1 year ago08 mins

Beijing, China, June 27, 2025 (GLOBE NEWSWIRE) — On 26 June 2025, The Future of Finance China 2025 was held by The Asian Banker in Beijing. LexinFintech received The Asian Banker’s “Best AI Technology for Financial Technology Company in China” in recognition of its pioneering innovations and applications in AI large models and agent‑based automation….

UN Pushes for Global AI Ethics Amid Deepening US-China Tech Divide

Cs news1 year ago06 mins

TLDRs; Global South countries are asserting leadership on AI ethics while remaining neutral in US-China tensions. UNESCO’s AI ethics forum pushed for practical governance, despite the absence of the US and China. Thailand pledged $15 billion and 90,000 AI professionals to strengthen its independent AI strategy. Experts urge a shift in mindset, framing AI governance…

Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit

Cs news1 year ago04 mins

Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost it about $1 billion before it makes internal changes, which include “surgical” price increases in the U.S. starting this fall. Nike is not…

‘Classic vaporware’: Trump Organization drops ‘made in US’ claim for T1 phone as analysts point to China production

Cs news1 year ago03 mins

The Trump Organization announced its cellular brand called T1 earlier this month, heavily emphasising that the devices would be “made in the USA”, keeping in line with Trump administration policies. Now, just 10 days later, the company is silently erasing those claims. This shift comes following analysts’ consensus that the phones are likely to be…