US Treasury Secretary Scott Bessent said Sunday that Washington hopes to finalize a deal with China for securing supplies of rare earths by the Thanksgiving holiday at the end of November. Under the tentative deal — reached in late October at a meeting between Presidents Donald Trump and Xi Jinping in South Korea — Beijing…
A rare earths deal between the US and China will “hopefully” be done by Thanksgiving, Treasury Secretary Scott Bessent said in remarks that were broadcast on Sunday. Bessent’s comments follow a framework agreement announced last month in which Washington agreed not to impose 100 per cent tariffs on Chinese imports and China would hold off…
A retreat in US stocks picked up pace on Thursday as investors absorbed the end of the longest government shutdown in US history, weighing its impact on the economy and the path of interest rates. The tech-heavy Nasdaq Composite (^IXIC) led losses with a 1.8% slump, while the S&P 500 (^GSPC) sank 1.2%. The Dow…
US stock futures rose Thursday morning with traders processing the end of the longest government shutdown in US history. Futures attached to the Dow Jones Industrial Average (YM=F) nudged up 0.2%. Contracts tied to the S&P 500 (ES=F) crept up 0.2% while Nasdaq 100 futures (NQ=F) made 0.3% gains. A bill ending the record-length 43-day…
President Donald Trump signed a government funding bill into law Wednesday night, officially ending the longest shutdown in U.S. history.The legislation will fund the government through Jan. 30 and provide money for some agencies for the rest of the fiscal year.For federal workers waiting on paychecks and local food banks helping struggling families, the bill…
is now set to become law after the House of Representatives passed the measure and sent it to President Trump’s desk. The president is expected to sign it quickly to end the 43-day stoppage — the longest in US history by over a week. The vote passed by a tally of 222-209 “We’ll be opening…
LONDON — British Prime Minister Keir Starmer refused to say Wednesday whether he would urge President Trump to drop his threat to sue the BBC for a billion dollars over the broadcaster’s edit of a speech he made after losing the 2020 presidential election. During his weekly questioning in the House of Commons, Starmer was asked by…
US stock futures rose on Wednesday, with the Dow eyeing a fresh record as upbeat earnings boosted AI optimism and chances grew that the record-long US shutdown will end soon. Dow Jones Industrial Average futures (YM=F) moved up 0.3%, coming off the blue-chip benchmark’s record-high close on Tuesday in a split session for stocks. S&P…
Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. President Trump recently confirmed that his administration is considering reclassifying marijuana as a less dangerous drug, and that shift could have a massive impact on the U.S. economy. Currently, marijuana is classified as a Schedule I drug…
President Trump did the impossible last week. He horrified the neo-isolationist “restrainers” who hoped that his second term would see the U.S. turning away from foreign quarrels to focus on “America first.” And Mr. Trump simultaneously left what remains of the old globalist American foreign policy establishment wringing its hands in despair and chagrin. PREMIUM…