Month: May 2025
South Korea’s Hybe opens China office amid hopes of a K-pop reversal from Beijing
The Hybe Building in Seoul, South Korea. Sopa Images | Lightrocket | Getty Images South Korea’s largest K-pop agency Hybe has established its first office in China — amid signs that Beijing is lifting its unofficial ban on K-pop shows. The agency behind global sensation BTS has been preparing to establish itself in China since last […]
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Trump aims to exceed first term’s weapons sales to Taiwan, Reuters reports
The American flag, left, and the Taiwanese flag in Taipei, Taiwan, on Thursday, Feb. 22, 2024. I-Hwa Cheng | Bloomberg | Getty Images The United States plans to ramp up weapons sales to Taipei to a level exceeding President Donald Trump’s first term as part of an effort to deter China as it intensifies military pressure on the democratic island, according to two […]
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U.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says
Key Points U.S.-China trade talks “are a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News. After a rapid escalation in trade tensions last month, Bessent helped the world’s two largest economies reach a breakthrough agreement in Switzerland on May 12. The U.S. has pushed ahead with […]
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CNBC Daily Open: Definite tariffs could be better for markets than on-and-off ones
Cranes at the Port of Los Angeles are empty of cargo ships, in San Pedro California, U.S., May 13, 2025. Mike Blake | Reuters A U.S. federal trade court striking down President Donald Trump’s “reciprocal” tariffs on a broad swathe of countries seems, on the surface, a positive development all around. A lack of tariffs […]
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Stock futures slip as investors await more trade news and fresh inflation data: Live updates
Traders work on the floor at the New York Stock Exchange on March 26, 2025. Brendan McDermid | Reuters Stock futures inched lower on Thursday night as investors continue to navigate a volatile global trade landscape. Futures tied to the Dow Jones Industrial Average pulled back 63 points, or 0.1%. S&P 500 futures fell 0.2%, […]
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Asia-Pacific markets set to open lower as weakness in the U.S. dents investor sentiment
A HDR evening shot taken at sunset of the Tokyo skyline. Fgm | E+ | Getty Images Asia-Pacific markets were set to decline Friday, with a slowing U.S. economy, inflation fears and uncertainties from the judicial developments surrounding U.S. President Donald Trump’s “reciprocal” tariffs weighing on investor sentiment. The U.S. Court of International Trade ruled […]
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The trade war is rattling global business travel — 4 charts show how
Optimism in the global business travel sector has dropped by more than half this year, according to a report published by the Global Business Travel Association. Positive sentiment fell from 67% in November 2024 to 31% in April 2025, according to the report which surveyed more than 900 business travel professionals on the affect of […]
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A ‘perfect storm’ has set this sector up to benefit if Trump’s tariffs go ahead, Bank of America says
U.S. President Donald Trump’s tariffs regime has rocked international markets in recent weeks, sparking massive selloffs and rallies in stocks across the globe. Certain tariff-sensitive stocks, such as those in the autos, mining and pharmaceuticals sectors, have seen particularly volatile trade. In a Wednesday ruling , however, the U.S. Court of International Trade blocked the […]
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Costco tops earnings and revenue estimates as sales jump 8%
The sign on the side of a Costco is seen in Hawthorne, California, on April 4, 2025. Jay L Clendenin | Getty Images Shares of Costco fell slightly on Thursday, despite the warehouse club posting quarterly earnings and revenue that topped estimates and reporting 8% year-over-year sales gains. Here’s how the warehouse club retailer did […]
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SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions
Jakub Porzycki | Nurphoto | Getty Images The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, bringing an end to one of the last remaining crypto enforcement actions brought by the agency. In a Thursday filing in the U.S. District Court for the District of Columbia, lawyers for the SEC and […]
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