By Dan Catchpole and Lisa Barrington SEATTLE (Reuters) – A Boeing jet intended for use by a Chinese airline landed back at the planemaker’s U.S. production hub on Sunday, a victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive. The 737 MAX, which was meant for China’s Xiamen…
BEIJING (Reuters) – China’s Foreign Minister Wang Yi warned Global South nations that “unilateral bullying” was hurting a rules-based world, as Beijing kept up the diplomatic pressure on U.S. President Donald Trump to roll back his punitive trade tariffs. Power politics and unilateral bullying were undermining international rules and creating divisions and confrontations, Wang told…
By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) -Futures tied to the S&P 500 and the Nasdaq regained some ground on Thursday on the final trading day of the week, with focus on U.S.-Japan tariff talks, while UnitedHealth’s shares fell sharply following a forecast cut by the insurer. U.S. President Donald Trump said the country…
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets The escalating U.S.-China trade war has expanded and moved beyond tariffs, now hitting everything from chips to planes and pharma. The tensions upended the week’s fragile market stability while hitting the dollar…
By Stella Qiu SYDNEY (Reuters) – Shares fell in Asia on Wednesday as AI darling Nvidia (NVDA) took a hit from U.S. curbs on chip sales to China, highlighting the damage to come in a tit-for-tat global trade war, while gold hit a record and the dollar stayed under pressure. Data showed that China’s economy…
By Andrea Shalal WASHINGTON (Reuters) -Major geopolitical risk events, including trade tensions, can trigger large corrections in stock prices, the International Monetary Fund said in a report on Monday. That in turn can generate market volatility which can threaten financial stability, it said in a chapter from its forthcoming Global Financial Stability Report. The IMF…
(Bloomberg) — TikTok users in the US are being inundated with videos from Chinese influencers encouraging American buyers to overcome punitive Trump tariffs by buying direct from the “world’s factory” — China. Most Read from Bloomberg Mostly filmed at Chinese factories purporting to supply top US brands from Lululemon Athletica Inc. to Nike Inc., the…
To say the stock market has been a roller coaster would be misleading. Because many people really love roller coasters and pay a lot of money to ride them. The stock market, at least since the beginning of April, has been more of a cruel circus. One with bulls and bears. A lot of bears….
“Saturday Night Live” continued to roast key White House figures in this weekend’s episode, which saw President Donald Trump and his inner circle checking in to the “The White Lotus.” Retitled “The White POTUS,” James Austin Johnson returned as the US president, parodying Jason Isaac’s beleaguered financier from the HBO show. In the wake of…
STORY: President Donald Trump’s administration granted exclusions from steep reciprocal tariffs on smartphones, computers and some other electronics imported largely from China, providing a big break to tech companies that rely on imported products. In a notice to shippers late on Friday, U.S. Customs and Border Protection published a list of tariff codes excluded from…