China’s military on Monday launched military drills around Taiwan, calling the large-scale exercises a “stern warning to the separatist acts of Taiwan Independence forces.” The exercises, code-named Joint Sword-2024B, are intended “to test the joint operations capabilities of the theater command’s troops,” China’s Defense Ministry said in a statement. It did not say when the…
Topline Leading U.S. stock indexes gained Friday after the Labor Department delivered a scalding October jobs report, which revealed a far stronger labor market than anticipated, but not all assets basked in the rally. The key 10-year bond yield shot up to a two-month high as interest rate cuts dissipated. Getty Images Key Facts The…
The U.S. Central Intelligence Agency is ramping up its efforts to recruit Chinese citizens as it seeks to capitalize on what U.S. officials say is growing discontent with President Xi Jinping’s rule. The agency issued Chinese-language instructions on Instagram, Facebook, LinkedIn, YouTube, Telegram, and X on Wednesday, detailing how individuals can securely contact it on…
Topline The massive dock worker strike beginning Tuesday comes at an inopportune time for the U.S. economy, as the potential uptick in shipping prices comes ahead of the holiday season and as policy makers look to turn the page on inflation, though experts are split on whether the strike will have a major impact on…
President Joe Biden speaks during an address on gun violence in the East Room of the White House on Thursday. He will address Hurricane Helene on Monday. Photo by Al Drago/UPI | License Photo Sept. 30 (UPI) — President Joe Biden was scheduled to make a national address about Hurricane Helene and its effects on…
Topline The U.S., France and several key allies issued a statement late Wednesday calling for an immediate 21-day cease-fire along the Israel-Lebanon border, amid fears that the escalating conflict between Israel and Hezbollah could spiral into an all-out regional war. Smoke rises from Israeli airstrikes in the southern village of Kfar Rouman, seen from Marjayoun,…
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns – a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The planned regulation, first reported by Reuters, would also…
“We’re going to take it meeting by meeting,” Federal Reserve Chair Jerome Powell said on Wednesday. The Federal Open Market Committee meets again in November. Getty Images The Federal Reserve’s decision this week to cut interest rates half a percentage point reverberated up and down the U.S. economy, with economists, business owners and investors wondering—what’s…
BEIJING, CHINA – SEPTEMBER 16, 2024 – Visitors visit the booth of Tesla at the 2024 China Beijing … [+] International Fair for Trade in Services (CIFTIS) in Beijing, China, September 16, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO/Future Publishing via Getty Images China has emerged as the biggest growth market…