A divided US Federal Reserve lowered interest rates Wednesday for a third consecutive time this year, but signaled that it could hold off further reductions in the coming months.
President Donald Trump said Monday he had reached an agreement with President Xi Jinping to allow US chip giant Nvidia to export advanced artificial intelligence chips to China.
China’s stranglehold on the rare earths industry -- from natural reserves and mining through processing and innovation -- is the result of a decades-long drive, now giving Beijing crucial leverage in its trade war with the United States.
Unprecedented numbers of Americans are expected to hit stores this Black Friday, but they are likely to curtail their spending as they find fewer bargains from tariff-hit retailers.
US holiday sales are expected to surpass $1 trillion for the first time, the National Retail Federation said on Thursday, though growth is forecast to slow as economic pressures weigh on consumer sentiment.
Investors have anticipated for weeks the risks of a US government shutdown to markets. Now that it is here, they are hoping it will be brief.
US stock index futures fell on Wednesday as investors assessed the implications of the federal government shutdown, which threatens to disrupt the release of key economic data and complicate the Federal Reserve's policy path..The shutdown, which independent analysts warn could last longer
The Trump administration is in talks to take an equity stake in Lithium Americas, which would insert the government into another private enterprise in the latest challenge to American free-market traditions.
Decision comes after Trump administration decertifies nation in drug war
Trump will speak to Xi Jinping on Friday for the deal
For Donald Trump, the next big China deal is all about the last big China deal. The president’s first trade pact with Beijing, signed in 2019, did little to change Beijing’s behaviour or jump-start American manufacturing. Yet the White House is once again pushing for high-stakes negotiations, even if any agreement could prove as ephemeral as the last.
US President Donald Trump said Tuesday that he plans to seek a swift ruling from the Supreme Court as his administration pushes to overturn a court decision that found many of his tariffs illegal.
A US appeals court on Friday ruled that many of President Donald Trump’s tariffs, which have upended global trade, were illegal -- but allowed them to remain in place for now, giving him time to take the fight to the Supreme Court.
American trade warriors may be keen to claim early victory. Tariff revenue has surged, 131 percent year-over-year to reach $127 billion by July.
President Donald Trump ramped up pressure on the US central bank Wednesday with a call for Federal Reserve Governor Lisa Cook to step down, as he repeatedly criticizes Fed Chair Jerome Powell for not lowering interest rates.
Bangladeshi nationals spent the most on credit cards in the United States, debit cards in the United Kingdom, and prepaid cards in Saudi Arabia in June this year, according to a recent report by Bangladesh Bank.
US President Donald Trump said Monday that gold imports will not face additional tariffs, days after confusion flared on whether recent hikes applied to certain gold bars -- threatening to upend global trade of the precious metal.
The US dollar extended declines on Monday as investors watched for the outcome of events due this week, from Tuesday’s key July US CPI data and deadline for Washington and Beijing to strike a tariff deal, to a Russia-US summit on Friday.
