Year: 2025
China’s January factory growth misses expectations as exports decline ahead of U.S. tariffs, Caixin PMI shows
Workers making Care Bears at a factory in Ankang, China. CNBC China’s factory activity slowed in January as export orders dwindled ahead of additional U.S. tariffs that are set to come into effect Tuesday, a private-sector survey showed Monday. The seasonally adjusted Caixin/S&P Global manufacturing purchasing manager’s index came in at 50.1 in January, missing […]
Read More
Israel’s Netanyahu heads to US to discuss ‘victory over Hamas’ with Trump
WASHINGTON, DC – JULY 24: Israeli Prime Minister Benjamin Netanyahu speaks to reporters alongside Speaker of the House Mike Johnson (R-LA) at the U.S. Capitol Building on July 24, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images Israeli Prime Minister Benjamin Netanyahu said Sunday he will discuss “victory over Hamas,” countering Iran […]
Read More
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
Shein and Temu icons are seen displayed on a phone screen in this illustration photo taken in Krakow, Poland on August 27, 2024. Jakub Porzycki | Nurphoto | Getty Images President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped fuel the explosive growth of budget online retailers, including Temu […]
Read More
Bitcoin dips below $97,000 after Trump orders tariffs, smaller cryptocurrencies tumble
U.S. President-elect Donald Trump and Bitcoin. Cheney Orr | Dado Ruvic | Reuters Cryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs. The price of bitcoin was last lower by 3%, according to Coin Metrics, a modest loss compared to the broader crypto […]
Read More
Asia-Pacific markets slide after Donald Trump’s sweeping tariffs on several countries
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific markets opened lower Monday after U.S. President Donald Trump levied tariffs on Canada, Mexico and China over the weekend. Australia’s S&P/ASX 200 dropped 1.86%. Japan’s Nikkei 225 fell 1.84% at the open, while […]
Read More
Dow futures drop 500 points after Trump hits Canada, Mexico and China with tariffs: Live updates
Traders work at the New York Stock Exchange on Jan. 29, 2025. NYSE Stock futures tumbled Sunday night to kick off a new trading month as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and corporate profits. Futures tied to the Dow Jones Industrial Average […]
Read More
SEC’s Republican-led commission tightens oversight of probes, sources say
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S. Andrew Kelly | Reuters Lawyers at the U.S. Securities Exchange Commission (SEC) have been told they need to seek permission from the politically appointed leadership before formally launching probes, two sources briefed on the matter said, […]
Read More
Ontario to remove U.S. alcohol from shelves after Trump’s tariffs announcement
Ontario Premier Doug Ford speaks during a campaign stop at Walker Construction in Niagara Falls, Ontario, Canada, January 31, 2025. Carlos Osorio | Reuters Ontario will pull all American alcohol from its government-run liquor shelves beginning Tuesday in response to U.S. President Donald Trump’s 25% tariffs on Canadian imports. Outlets of the Liquor Control Board […]
Read More
Chinese AI app DeepSeek was downloaded by millions. Deleting it might come next
This week’s news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market. Leon Neal | Getty Images News | Getty Images Plenty of Americans are discovering the AI search powers of DeepSeek, […]
Read More
L.A. wildfire victims face financial anxiety amid recovery: ‘The uncertainty is very unsettling’
Key Points The Los Angeles wildfires that started on Jan. 7 are likely to be the costliest in U.S. history. Residents impacted by the Palisades Fire and the Eaton Fire now face ample financial questions and worries, tied to issues like homeowners insurance and relocation. It will take time to sort out many of their […]
Read More