President Donald Trump has extended the United States’ tariff truce with China for another 90 days, a move expected to stabilize trade relations between the world’s two largest economies and calm market fears of renewed escalation. The decision, reported by CNBC citing a White House official, pushes back the expiration…
In a dramatic escalation of the battle for artificial intelligence supremacy, Elon Musk launched a blistering attack against Apple Inc. late Monday, accusing the tech giant of creating a walled garden where only its chosen partner, OpenAI, can flourish. The confrontation sets the stage for a high-stakes clash between two…
A wave of relief swept across Asian markets on Tuesday, igniting a powerful rally led by technology shares after President Donald Trump signaled a crucial softening in the US tech war with China and extended a vital trade truce. The news sent investors flocking back to risk assets, hopeful that…
Returning from a holiday with explosive force, Japan’s Nikkei 225 Stock Average shattered its all-time high on Tuesday, as a powerful wave of relief over US trade policy and a rally in technology shares created a perfect storm of investor confidence. The blue-chip gauge soared as much as 2.5% to…
In recent weeks, US-China trade negotiations have shown a positive trend, though past events suggest this progress could quickly reverse.The anticipated 90-day extension of the US-China trade truce is a positive and expected development, according to ING Group. Late on Monday, US President Donald Trump extended the US’ tariff truce with…
US fast-food chain Steak ‘n Shake has credited its embrace of Bitcoin for a 10.7% same-store sales increase in the second quarter, outpacing major competitors and bucking broader industry trends. The growth, reported on Friday, was the strongest among America’s top fast-food names in the period, with McDonald’s seeing a…
European markets opened on a positive footing Tuesday, riding a wave of global optimism after the United States stepped back from the brink of a trade war escalation with China. The continent-wide rally provided a moment of calm, but investors remain on high alert as they pivot their focus to…
Hopes of a dramatic increase in US soybean exports to China have been dashed, with Commerzbank AG calling a quadrupling of deliveries “completely unrealistic.”Soybean prices surpassed $10 per bushel on Monday, following remarks from US President Donald Trump. He expressed optimism that China would soon increase its soybean purchases from…
Beijing escalated its trade dispute with Ottawa on Tuesday, announcing a preliminary anti-dumping duty on Canadian canola imports. This move marks a significant development in a year-long economic disagreement that originated last August when Canada implemented tariffs on Chinese electric vehicle imports. The imposition of duties on canola, a major Canadian agricultural…
Intel Corp shares rose about 3% in pre-market trading on Tuesday after US President Donald Trump confirmed he had met with company chief executive Lip-Bu Tan, just days after publicly calling for his removal over alleged ties to Chinese businesses.“I met with Mr. Lip-Bu Tan, of Intel, along with Secretary…