The Latest News and Information That Matters To You
U.S. President Donald Trump posted on Truth Social on Sunday that his administration is looking at semiconductors and the electronics supply chain as part of upcoming national security tariff investigations.
SHANGHAI -Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said on Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United…
WASHINGTON – U.S. Commerce Secretary Howard Lutnick said on Sunday that smartphones, computers and some other electronics, just exempted from steep tariffs on imports from China, would face separate new duties along with semiconductors within the next two months. Lutnick’s…
NEW YORK -Ray Dalio, billionaire founder of one of the world’s largest hedge funds, said on Sunday that President Donald Trump’s trade war has brought the United States near to recession. He was asked on NBC’s “Meet the Press” if…
WASHINGTON – U.S. Commerce Secretary Howard Lutnick said on Sunday in an interview with ABC’s “This Week” that smartphones, computers and some other electronics will come under separate tariffs, along with semiconductors that may be imposed in a month or…
ABOARD AIR FORCE ONE – U.S. President Donald Trump said on Saturday that he will provide an update on his administration’s approach to semiconductor tariffs on Monday. “I’ll give you that answer on Monday,” Trump told reporters aboard Air Force…
TOKYO -Japan must strengthen the yen, such as by helping boost the country’s industrial competitiveness, as the currency’s weakness has pushed up households’ living costs, the ruling party’s policy chief said on Sunday. Ahead of trade talks with the U.S.,…
BEIJING/WASHINGTON – China has put civilian government officials in Beijing on “wartime footing” and ordered a diplomatic charm offensive aimed at encouraging other countries to push back against U.S. President Donald Trump’s tariffs, according to four people familiar with the…
WASHINGTON – President Donald Trump’s administration could lay off workers at the U.S. Consumer Financial Protection Bureau (CFPB), but not abolish the agency, an appeals court ruled on Friday. The agency, created in the aftermath of the global financial crisis…
SAN FRANCISCO – A dozen former OpenAI employees filed a legal brief on Friday backing co-founder Elon Musk’s lawsuit aimed at keeping the non-profit status of OpenAI, marking the latest development in the dispute over the future of the artificial…
TAIPEI – Taiwan’s top financial regulator said on Saturday it would extend temporary curbs on short-selling for another week to ensure market stability after U.S. tariffs unleashed turmoil, adding that the restrictions had been helpful. The stock market in Taiwan…
The United States has excluded certain electronics like smartphones and computers from President Donald Trump’s reciprocal tariffs, according to a list of items published by the U.S. Customs and Border Protection late Friday. The U.S. CBP listed some 20 products,…
SINGAPORE – Asian spot liquefied natural gas (LNG) prices slid its lowest in nearly a year this week, weighed by weak demand, high stocks and concerns of a global recession triggered by U.S. President Trump’s implementation of worldwide tariffs. The…
BUENOS AIRES -Argentina is dismantling key parts of its years-long currency controls and loosening its grip on the peso, the central bank said on Friday, a major policy move for the South American nation ahead of a $20 billion IMF…
Meta Platforms will add former Republican official Dina Powell McCormick and fintech firm Stripe’s CEO Patrick Collison to its board, effective April 15, the social media company said on Friday. The Facebook parent said in a regulatory filing that it…
SINGAPORE – In just a week, the dollar has gone from a safe haven to investors’ whipping boy as U.S. President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades of trust in the world’s reserve currency. The…
TAIPEI -Taiwan officials held their first tariff talks with U.S. officials on Friday, with both sides looking forward to further discussions soon, the island’s government said on Saturday. While Taiwan, a major semiconductor producer facing tariffs of 32%, complained they…
SEOUL/HANOI – When Samsung Electronics chairman Jay Y. Lee met Vietnam’s prime minister in July, he had a simple message to convey. “Vietnam’s success is Samsung’s success, and Vietnam’s development is Samsung’s development,” Lee told Pham Minh Chinh, pledging long-term…
WASHINGTON – President Donald Trump’s administration wants to strike 90 trade deals in 90 days, but the challenges to quickly resolving the president’s trade war are already apparent. European Union trade chief Maros Sefcovic will on Monday be among the…
BOULDER, Colorado – A toy store manager hit with daily price increase notifications. A lip balm manufacturer forecasts a $5 million jump in cost of goods. A concert venue impresario who saw a surprise price hike of $140,000 to install…
WASHINGTON – U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions that have roiled financial markets and raised the risk of a recession. The University…
WASHINGTON – The World Bank is poised to announce a $12 billion financing package for Argentina on Friday, supplementing the International Monetary Fund’s expected approval of a $20 billion Argentina loan deal, a source with knowledge of the plan said….
European private equity firm CVC is exploring a $75 billion deal for private credit lender Golub Capital, the Financial Times reported on Friday, citing several people familiar with the situation. The private credit sector, which involves institutional lending to companies…
U.S. Defense Secretary Pete Hegseth has ordered the termination of IT services contracts, totally valued at $5.1 billion, with companies such as Accenture and Deloitte, a memo showed on Thursday. The pacts “represent non-essential spending on third party consultants” for…
BEIJING -China, Japan and South Korea finance and central bank officials met and discussed the impact of U.S. tariffs on the global and regional macroeconomic situation, China’s central bank said on Friday. The People’s Bank of China Deputy Governor Xuan…
Chinese property developer Country Garden said on Friday it had reached an agreement with a key bondholder group and was close to finalising negotiations with a group of bank creditors. The company defaulted on its offshore debt in late 2023…
Tesla on Thursday said it has launched a new version of Cybertruck in the United States, priced at $69,990. The new Cybertruck long-range variant is the cheapest among the three models it currently has in the U.S., Tesla’s website shows.
Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world’s largest economies, will crush crude consumption as their dispute curtails economic growth. Brent…
TOKYO – Warren Buffett’s Berkshire Hathaway has priced a 6-tranche yen denominated bond totalling 90 billion yen ($626.70 million), according to a term sheet reviewed by Reuters. The sale comes as debt deals are being shelved because of the fallout…
BEIJING/WASHINGTON – A week of turmoil unleashed by U.S. President Donald Trump’s tariffs showed little sign of easing on Friday, with markets again tumbling and foreign leaders trying to work out how to respond to a dismantling of the world…