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BEIJING — China’s state media on Thursday published a seven point rebuttal to US criticism over its new rare earth export controls, pushing back against accusations that the measures amount to an economic power play. The exchange marks the latest flashpoint in a widening dispute between Washington and Beijing over critical minerals and trade policy, … Read more
Global markets today climbed on Wednesday as investors reacted to dovish remarks from US Federal Reserve Chair Jerome Powell and strong quarterly results from major Wall Street banks. The US dollar weakened while European and Asian equities rebounded after a turbulent start to the week driven by escalating US China trade tensions. Market optimism returned … Read more
TAIPEI — Taiwan’s Foxconn said Wednesday it expects little immediate disruption from China’s newly expanded rare earth export restrictions, though company officials warned that prolonged trade tensions could eventually affect global industries. “If the ongoing restrictions continue to escalate tensions, it will impact industries across the board, not just Foxconn,” Chairman Young Liu told reporters … Read more
NEW YORK — Wall Street closed mixed Friday as banking stocks rallied on stronger than expected earnings, even as rising US China trade tensions and new port fees rattled global markets. The S&P 500 dipped modestly, the Nasdaq slid, but gains in industrials and financials propped up the Dow. Investors remain cautious of the evolving … Read more
BEIJING (AP) — China trade data showed a surprising rebound in September as exports rose at the fastest pace in six months and imports climbed to their strongest level since April 2024, defying expectations of a prolonged slowdown amid rising trade tensions with the United States. Exports increased 8.3% from a year earlier in US … Read more
NEW YORK — Cathie Wood, founder and chief executive of ARK Invest, trimmed her firm’s position in artificial intelligence giant Palantir Technologies, signaling a tactical shift as valuations across the AI sector soar. According to ARK’s daily trade filings, the firm sold about 4,000 Palantir shares on October 10, worth roughly $754,000. Though modest, the … Read more
NEW YORK — US stocks tumbled Friday after former President Donald Trump warned of “massive” new tariffs on Chinese imports, wiping out roughly $2 trillion in market value within hours and sending a shockwave through global markets. The S&P 500, which had been near an all time high early in the session, fell 2.7% by … Read more
NEW YORK — US stocks fell sharply Friday after former President Donald Trump threatened to impose significantly higher tariffs on Chinese imports, accusing Beijing of “becoming very hostile” and tightening control over its rare earth metal exports. The Dow Jones Industrial Average dropped 449 points, or roughly 1%, in a sudden midday selloff that erased … Read more
ATLANTA — Delta Air Lines reported stronger than expected third quarter earnings on Thursday, signaling renewed strength in air travel demand and improved corporate bookings after a challenging start to the year. The carrier’s chief executive, Ed Bastian, said the airline’s “significant improvement” in revenue outlook positions it for one of its most profitable fourth … Read more
European stocks opened lower Thursday, retreating from Recent Record High, as investors weighed the risk of a market correction and sought safer assets amid global uncertainty. Gold remained above $4,000 for the first time, reflecting heightened demand for safe haven assets amid a weaker dollar and geopolitical tensions. Wall Street hit fresh record highs in … Read more
