People shop for food at a supermarket in Monterey Park, California on September 9, 2025. Frederic J. Brown | Afp | Getty Images A tamer-than-expected U.S. inflation report for September injected optimism into markets. Traders are now betting that the Federal Reserve will almost certainly cut rates at its October meeting — scheduled for later…
Top Chinese and U.S. economic officials agreed on the framework for a trade agreement on Sunday (October 26) as U.S. President Donald Trump said he was confident of hashing out a deal with Chinese President Xi Jinping when they meet in the coming days. U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer met…
Treasury Secretary Scott Bessett said Sunday he, too, has “felt pain” from China refusing to buy U.S.-grown soybeans during a trade conflict with President Donald Trump because “I’m actually a soybean farmer.” Bessent’s comment came during an interview with ABC News’ “This Week,” where he said that trade negotiations with China in the past two…
WASHINGTON — The US and China have finalized a deal to transfer TikTok to new owners, Treasury Secretary Scott Bessent revealed on Sunday. President Trump and Chinese leader Xi Jinping will officially “consummate” that deal when they meet in Busan, South Korea on Thursday — marking the first time the two have seen each other…
Trump expressed confidence in the ability of U.S. and Chinese negotiators to fashion an agreement that stops the cycle of tit-for-tat tariffs and export-control reprisals that have characterized U.S.-China trade relations since April. “I think we’re going to have a good deal with China. I think if we make a deal, it’s going to be…
The week ahead for investors will be jam-packed, with the Federal Reserve’s latest interest rate decision, a rush of corporate earnings results, and a crucial sit-down between President Trump and China’s President Xi Jinping set to feature. Stocks closed the week at record highs as the delayed release of the Consumer Price Index (CPI) report…
By Xinghui Kok KUALA LUMPUR (Reuters) -The second day of trade talks between the U.S. and China was paving the way for a “productive meeting” between President Donald Trump and President Xi Jinping, Washington’s top trade envoy said in Kuala Lumpur on Sunday, raising hopes of a deal between the world’s two largest economies. U.S….
Stocks jumped for the second straight week and reached record highs Friday as Washington trade and shutdown drama took a back seat to cooler inflation data and stronger earnings. The S & P 500 and Nasdaq rose 2% and 2.3%, respectively, for the week. In fact, the S & P 500 on Friday peaked above…
Trade talks between U.S. and Chinese officials began earlier this morning in Kuala Lumpur, Malaysia. President Trump is traveling to the city as part of a five-day visit to Asia, where he is set to meet with Chinese president Xi Jinping on Thursday. The goal of the trip is to de-escalate the trade war with…
US President Donald Trump embarked on his first Asia tour of his second term on Saturday, seeking to restore economic balance and reaffirm Washington’s influence in a region strained by tariffs and shifting alliances. The week-long trip will take him through Malaysia, Japan, and South Korea, with a long-anticipated meeting with Chinese President Xi Jinping…