The United States and China reached a “framework” agreement aimed at implementing a deal based on bilateral trade talks that started in Geneva, Switzerland last month, the White House said. The clarification came shortly after US President Donald Trump said that the US had signed a trade deal with Beijing a day earlier, offering no…
Check out the companies making headlines in after-hours trading: Nike — The athletic retailer fell 2%. While Nike beat expectations on the top and bottom lines in the fiscal fourth quarter, the company said sales dropped 12% from the same period a year prior. CorMedix — The biopharmaceutical stock tumbled 10% after announcing a common…
Stocks were mixed Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets. Uncertainty over the US president’s trade war was also keeping sentiment subdued, with…
The U.S. stock market is underperforming the rest of the world this year but that doesn’t mean American exceptionalism is dead, according to Apollo Global CEO Marc Rowan. The S & P 500 is a little more than 4% higher in 2025, underperforming other overseas markets that have surged this year as investors diversifed away…
The U.S. economy shrank faster than previously thought during the first three months of 2025, with growth contracting for the first time in three years. The country’s gross domestic product fell at an annual rate of 0.5% from January through March, the Commerce Department reported Thursday in its third and final GDP report for the period….
U.S. Treasury yields were lower on Thursday amid renewed concerns that President Donald Trump is considering replacing Federal Reserve Chairman Jerome Powell. The 10-year Treasury yield fell 1.2 basis points to 4.281%, while the 2-year yield was lower over 2 basis points to 3.758%. The 30-year yield shed less than 1 basis point to 4.839%. One basis point is equal to 0.01%…
CAS is crucial to China in many ways. China shares direct borders with Kazakhstan, Kyrgyzstan, and Tajikistan. The region lies between China and West Asia, the Middle East and Europe. CAS is rich in oil, gas, uranium and rare earths, whereas China has an appetite for these resources. In return for access to these resources,…
U.S. Capitol Police arrest protesting members of American Disabled for Attendant Programs Today (ADAPT) in the atrium of the Hart Senate Office Building on Tuesday, June 24, 2025. The protesters chanted “no cuts to medicaid” while being arrested. Bill Clark | Cq-roll Call, Inc. | Getty Images U.S. Capitol Police arrested more than 30 protesters…
Summer is in full swing, as are Hong Kong’s dining activations and events. From new menu launches to special pop-up collaborations, there’s enough going on this weekend to keep every foodie busy, whether Indian food is your favourite or you prefer a brunch with breathtaking views. If these events still don’t tickle your fancy, our…
Hong Kong is rolling out sweeping capital market reforms, including improved IPO pricing mechanisms and a post-listing over-the-counter market. This is aimed at building on the city’s success in becoming one of the world’s leading IPO destinations in the first half of 2025 by number of listings and funds raised. The proposed updates, according to…