Biden and Xi to speak after rare U.S. security adviser trip to China

Key Points

U.S. President Joe Biden and Chinese President Xi Jinping are set to speak over the phone in “coming weeks,” the White House said Wednesday.
The announcement came amid U.S. national security adviser Jake Sullivan’s trip to Beijing this week to meet with Wang Yi, China’s top diplomat.
The last official trip to China by a U.S. president’s national security adviser was in 2016, when Susan Rice traveled to Beijing under the Obama administration.

Source

Finance

Stocks making the biggest moves midday: Apple, Ross Stores, Intuit, Booz Allen Hamilton and more

May 23, 2025

Check out the companies making headlines in midday trading: Booz Allen Hamilton — Shares of the consulting firm lost 15% after Booz Allen Hamilton said it would cut roughly 2,500 jobs, or 7% of its workforce, citing a slowdown in some government spending under the Trump administration and expected ongoing pressure on its business in […]

Finance

Stocks making the biggest moves premarket: Apple, Tesla, Intuit, Ross Stores and more

May 23, 2025

Check out the companies making headlines before the bell: Apple — The tech giant saw shares fall 3.5% in premarket trading after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Nuclear stocks — Stocks tied to […]

Finance

Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty

May 23, 2025

Key Points Chicago Fed President Austan Goolsbee said Friday that President Donald Trump’s latest tariff moves have complicated policy and likely put off changes to interest rates. “Everything’s always on the table. But I feel like the bar for me is a little higher for action in any direction while we’re waiting to get some […]