U.S. Secretary of the Treasury Scott Bessent shakes hands with Chinese Vice Premier He Lifeng during the bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 11, 2025. Keystone/eda/martial Trezzini | Via Reuters China has temporarily paused export restrictions targeting 28 American companies on the heels of the trade truce Beijing reached … Read more
Critical minerals such as cobalt, nickel, copper and manganese can be found in potato-sized nodules at the bottom of the seafloor. Pallava Bagla | Corbis News | Getty Images U.S. President Donald Trump‘s critical minerals drive looks set to pave the way for a gold rush on the ocean floor. Seeking to counter China’s mineral … Read more
Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the U.S. as a victory and a vindication of Beijing’s negotiating strategy. They are arguing that their defiant public posture worked and was a major reason they were able to strike a deal with U.S. officials … Read more
US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer speak to the media after talks between senior US and Chinese officials on tariffs in Geneva on May 11, 2025. Valentin Flauraud | Afp | Getty Images The U.S. and China on Monday agreed to temporarily suspend most tariffs on each other’s goods … Read more
U.S Trade Representative Jamieson Greer, U.S Secretary of the Treasury Scott Bessent, Switzerland’s President Karin Keller-Sutter, Swiss Federal Councillor Guy Parmelin pose during a bilateral meeting between Switzerland and the United States, in Geneva, Switzerland, May 9, 2025. Martial Trezzini | Via Reuters The stakes are high for the U.S. and China’s icebreaker trade talks … Read more
U.S. President Donald Trump speaks during a swearing-in ceremony for the new U.S. ambassador to China, former U.S. Senator David Perdue, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | Reuters President Donald Trump on Wednesday offered to help dial back tensions between India and Pakistan, which has escalated as … Read more
China is the world’s second-largest economy and second-largest importer of U.S. goods. Entities in China hold at least $784 billion in U.S. federal debt. The country also controls much of the world’s rare element supply, which is vital for manufacturing technology. China could weaponize these assets if an all-out trade war breaks out, to the … Read more
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon reported better-than-expected results for the first quarter, but it gave soft guidance for the current period as the company navigates uncertainty around President Donald Trump’s sweeping tariffs. The stock fell … Read more
Apple reported second fiscal-quarter earnings Thursday that beat Wall Street expectations, but the company’s closely-watched Services division came up light versus estimates. Shares of the iPhone maker fell as much as 4% in extended trading. Here’s how Apple did versus consensus estimates for the quarter ending in March: EPS: $1.65 vs. $1.63 estimated by LSEG … Read more
A Pizza Hut store is seen on November 01, 2023 in Austin, Texas. Pizza Hut’s third-quarter revenue fell short of analysts’ expectations for same-store sales. Brandon Bell | Getty Images Yum Brands on Wednesday reported mixed quarterly results as Pizza Hut’s same-store sales dropped more than expected. Shares of the company fell less than 1% … Read more