This year’s Asia-Pacific Economic Cooperation summit in South Korea is probably the best opportunity for Xi Jinping and Donald Trump to meet in person this year, multiple sources have said. They said Trump might visit China before going to the Apec summit between October 30 and November 1, or he could meet his Chinese counterpart…
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Swaths of California are seeing housing prices drop, thanks largely to the combination of increased inventory and sky-high interest rates. Even markets that are typically somewhat immune to general trends and consistently robust — like Mountain View and San Diego — have softened over the past year. But there are still plenty of places in…
Australian designer Tamara Ralph, the visionary behind Meghan Markle’s engagement photo dress, captivated the audience once again at Paris Haute Couture Week by dressing Hailee Steinfeld in a dazzling cut-out gown. Beyond her beloved designs, Ralph shares her life with UK-based Indian entrepreneur Bhanu Choudhrie, the founder of C&C Alpha Group and Alpha Aviation Group,…
U.S. Federal Reserve Chair, Jerome Powell and U.S. President Donald Trump. Annabelle Gordon | Kevin Lamarque | Reuters If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would almost certainly set off a courtroom battle that legal and policy experts say is bound to get messy, with uncertain impacts on the…
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Monday, June 30, 2025. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary Scott Bessent recently urged President Donald Trump not to fire Treasury Secretary Jerome Powell, warning of the potential economic, political, and legal consequences of such a…
A daily rundown of the economic reports and corporate earnings that will be grabbing the market’s attention in the week ahead Monday July 21 830 am ET: Canada industrial product price index and raw materials price index 10 am ET: U.S. leading indicator for June 1030 am ET: Bank of Canada business outlook survey and…
Trump signs GENIUS Act, first federal law regulating crypto – CBS News Watch CBS News President Trump held a signing ceremony at the White House on Friday after Congress passed the GENIUS Act, a landmark federal law that will regulate cryptocurrency. Specifically, the GENIUS Act will set government guidelines for the cryptocurrency known as stablecoin….
U.S. Treasury yields moved lower on Friday as investors digested this week’s economic data and ongoing tariff-related news. The 10-year Treasury yield was 4 basis points lower at 4.423%. The 2-year yield was more than 4 basis points lower at 3.87%. The 30-year note was lower by nearly 2 basis points, yielding at 4.99%. One basis point is equal to 0.01%…
Check out the companies making headlines before the bell: Netflix — Shares fell 2% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming…