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

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

Trump faces a variety of choices as he seeks to fill Fed vacancies
Finance

Trump faces a variety of choices as he seeks to fill Fed vacancies

Key Points With the open seat on the influential Federal Reserve Board of Governors, President Donald Trump now has a number of strategic options at the central bank. Will Trump use the position to nominate a gadfly to torment Chair Jerome Powell or pursue a different strategy focused more on the long-term direction of the […]

Read More
Stocks making the biggest moves midday: Apple, Viasat, McDonald’s, Grocery Outlet and more
Finance

Stocks making the biggest moves midday: Apple, Viasat, McDonald’s, Grocery Outlet and more

Check out the companies making the biggest moves midday: Apple — The iPhone maker gained more than 5% after a White House official confirmed the company would invest another $100 billion in the U.S. That would bring Apple’s total U.S. investment over the next four years to $600 billion . Grocery Outlet — The discount […]

Read More
Hedge funds, matching the market’s performance, are turning cautious with stocks at record highs
Finance

Hedge funds, matching the market’s performance, are turning cautious with stocks at record highs

Stock-picking hedge funds climbed modestly in July, in line with the broader market, but their positioning has turned more cautious with the S & P 500 sitting near a record high. Global fundamental long-short hedge funds returned 1.5% in July on an asset-weighted basis, bringing their year-to-date gains to 7.8%, according to data from Goldman […]

Read More