Shares of some big drugmakers jumped ahead of broader indexes Friday as Wall Street started sorting out President Donald Trump’s latest tariff announcement. The president said late Thursday that he would place 100% import taxes on pharmaceuticals starting Oct. 1, but those tariffs would not apply to companies building U.S. manufacturing plants. He defined that…
LONDON — The CEO of Nvidia, which faces tight restrictions on selling its chips to China amid the U.S.-China battle over trade and tech, said he’s disappointed about the situation. Jensen Huang said he expects to discuss the issue with President Donald Trump at a state banquet hosted by the British government that they’ll be…
WASHINGTON — U.S. Treasury Secretary Scott Bessent will travel to Madrid this weekend for negotiations with his Chinese counterparts over tariffs and national security issues related to the ownership of social media platform TikTok. Bessent is slated to meet Chinese Vice Premier He Lifeng in Madrid to discuss national security and economic issues, a Treasury…
Trading on Wall Street was quietly mixed early Friday as markets near the end of another record-setting week ahead of the Federal Reserve’s interest rate decision on Wednesday. Futures for the S&P 500 were flat, while futures for the Dow Jones Industrial Average shed 0.2% and Nasdaq futures ticked up 0.1%. Following a mixed set…
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WASHINGTON (AP) — President Donald Trump seemingly caught his loyal conservative base off-guard and sparked backlash by saying he would allow 600,000 Chinese students into American universities. That would be a departure for the Trump administration after it added new vetting for student visas, moved to block foreign enrollment at Harvard and expanded the grounds…
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BANGKOK (AP) — China released new interim measures Friday tightening controls on mining and processing of rare earths that are used in many high-tech products including electric vehicles, smartphones and fighter jets. The rules released Friday by the Ministry of Industry and Information Technology apply both to rare earths originating in China and those that…
TOKYO (AP) — Asian shares were mostly higher in muted trading Wednesday, after discouraging signs about the U.S. economy sent Wall Street shares declining, and Investors are sifting through a slew of corporate earnings reports to assess how businesses may have been affected by U.S. President Donald Trump’s tariffs. Among Japanese companies, automakers Honda Motor…
NEW YORK (AP) — U.S. stock indexes are slipping Tuesday following the latest discouraging signal on the U.S. economy. The S&P 500 was down 0.4% in afternoon trading, coming off its best day since May, which followed its worst day since May. The Dow Jones Industrial Average was down 49 points, or 0.1%, as of…