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News
China says it hopes to agree with US on tariff reductions at 'an early date"
3+ day, 34+ min ago (369+ words) Negotiators are striving to implement reciprocal tariff reductions on $30 billion worth of goods “at an early date,” Commerce Ministry spokesperson Huang Ling said at a weekly briefing. The $30 billion will be from each side, China's official Xinhua News Agency said....
Asian shares fall and oil prices hold steady above $100 a barrel
3+ day, 20+ min ago (654+ words) U.S. futures were modestly higher. The price of Brent crude jumped 3.4% on Wednesday, surging above $100 a barrel for the first time since July. It fell back slightly early Thursday to about $101 a barrel. The latest attacks between the U.S. and Iran are…...
China's exports pick up in August, jumping 25% as its trade surplus widens
4+ day, 23+ hour ago (568+ words) The data was broadly in line with what economists had expected and comes just ahead of a planned meeting between Chinese leader Xi Jinping and U.S. President Donald Trump. That's set for late September, though Beijing has not yet confirmed the…...
Oil prices keep rising and weigh on Wall Street
4+ day, 14+ hour ago (610+ words) The S&P 500 fell 0.4%. The Dow Jones Industrial Average was down 520 points, or 1%, as of 10 a.m. Eastern time, and the Nasdaq composite was 0.3% lower. In the oil market, the price for a barrel of Brent crude rose 1% to $97.95 after briefly climbing…...
What to know about Canada’s escalating trade war with the US as Carney retaliates with tariffs
5+ day, 1+ hour ago (1057+ words) The outcome could resonate far beyond Canada, showing other governments whether a smaller U.S. ally can withstand Trump’s economic pressure. Canadian Prime Minister Mark Carney says U.S. demands could hollow out key Canadian industries and limit the country’s independence, while Trump’s…...
Stocks wobble after a surprisingly strong jobs report raises prospects of an interest rate hike
1+ week, 1+ day ago (565+ words) U.S. futures are mixed ahead of the crucial August jobs report that could influence the U.S. Federal Reserve and it's next call on interest rates. Futures for the S&P 500 climbed 0.1% on Friday, while those for the Dow Jones Industrial Average slipped…...
The Latest: Chevron expanding in Venezuela as Trump deal claims more oil reserves
1+ week, 3+ day ago (1722+ words) Oil giant Chevron confirmed that it will expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Canadian Prime Minister…...
Bessent says 19 finance ministers agreed 'cheap exports' are unsustainable, but China dissented
1+ week, 4+ day ago (366+ words) SFGATE Bessent made his comments at the end of a two-day meeting with finance ministers and central bankers where he tried to focus on growth, telling reporters he had urged some of his G20 counterparts to take a page from the…...
Asian shares, US futures retreat and oil prices surge after US strike on Iranian rocket launchers
1+ week, 5+ day ago (603+ words) Oil prices surged about 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. The Trump administration just days earlier had shifted its focus to economic pressure, and a return to…...
Investors prosper and consumers pay as the Iran war exacts an uneven economic toll 6 months in
2+ week, 2+ hour ago (1085+ words) But six months into the conflict, the direst predictions haven’t come true even if no corner of the world's economy has been untouched. “So far, the global economy has pulled off the financial equivalent of a ‘Mission Impossible’ scene,” said…...