President-elect Donald Trump revealed Friday he had a “good” phone call with Chinese President Xi Jinping, discussing ways in which their nations could cooperate on “Trade, Fentanyl, TikTok” and other issues. “I just spoke to Chairman Xi Jinping of China,” Trump posted bright and early on Truth Social. “The call was a very good one for both…
Wall Street traders know what to expect from Donald Trump’s White House return: policy shifts rolled out in late night social-media posts, threats to trading partners, and plenty of market volatility. What they’re less sure about? How to predictably gin up quick profits by seizing on it all. Source link
With the U.S. government’s TikTok ban set to kick in on Sunday, Americans have been flocking to an alternative social media platform, but it’s another Chinese app, and experts say it could present the same, if not even more issues. There’s been a surge in U.S. downloads of the Chinese-owned application Xiaohongshu, or “RedNote” as many…
A White House official said Friday the US identified a ninth telecommunications company impacted by a wide-ranging Chinese espionage effort and that further steps are planned to curb cyberattacks from Beijing. As the Biden administration learns about the scope and scale of the so-called Salt Typhoon breach which it attributed to China, officials are laying…
The White House announced a trade investigation into “legacy” semiconductors made by China on Monday, less than a month before the new administration of president-elect Donald Trump takes power, that could impose additional tariffs on Chinese-made everyday US consumer goods from cars to coffee makers. The inquiry falls under Section 301, a tool named after…
Beijing said on Sunday it had lodged a protest with Washington against its latest military assistance and arms sale to Taiwan, and vowed to take all necessary measures. The remarks in a statement from the Chinese foreign ministry came after the White House on Friday [US time] announced military assistance worth US$571.3 million to Taiwan,…
Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US as they gird for new levies from the self-proclaimed “tariff man.” A sports gear maker is completing a new plant in Vietnam, hoping to dodge any new trade measures directed at made-in-China…
Big Tech companies gain ahead of President-elect Donald Trump’s return to the White House. Academy Securities head of macro strategy Peter Tchir sits down with Morning Brief Seana Smith and Brad Smith to discuss his market expectations under Trump’s second term. Big Tech leadership “might be getting carried away with itself a little bit,” Tchir…
President Joe Biden commuted the sentence of Rita Crundwell, the former comptroller of Dixon, Illinois, who was convicted of what is believed to be the largest municipal fraud in United States history. Biden on Thursday announced that he is commuting the sentences of more than a record 1,500 people who have shown “successful rehabilitation and…
Jeff Bezos, a target of Donald Trump’s jabs during his first term, is expected to meetBloomberg Terminal the President-elect next week. The Amazon.com Inc. founder will need the new administration’s help in the space race against fellow centibillionaire Elon Musk. If all had gone according to plan, Project Kuiper, Amazon’s challenger to Musk’s dominant Starlink…