Finance
China says it’s willing to work with U.S. on TikTok — but offers few details
Key Points The U.S. wants Beijing-based ByteDance to divest U.S. operations of TikTok, but it has remained unresolved for months. President Donald Trump did not mention TikTok following his meeting with Chinese President Xi Jinping on Thursday. China’s Commerce Ministry said Thursday that Beijing would work with the U.S. on resolving TikTok-related issues. Source
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Xi-Trump meeting sparks optimism in China amid hope for lower tariffs and a ‘honeymoon’ in ties
Key Points The U.S. and Chinese presidents met Thursday in South Korea after months of escalating trade tensions. Many in China saw the meeting as positive, and looked forward to the U.S. lowering tariffs. “China-U.S. leaders’ Busan Summit” was the top trending hashtag on Weibo, a social media platform similar to X. Source
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Chinese companies have begun to dominate Southeast Asia’s online shopping market
Key Points In Indonesia, Thailand and the Philippines, Chinese e-commerce players have quickly come to dominate around half of the online shopping market, Bain and Company said in a report Thursday. “Far from being killed by tariffs, the internationalization of Chinese retail is entering a new phase,” the consulting firm said. The findings come as […]
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Here are the five key takeaways from the Fed meeting and Powell news conference
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, D.C., U.S., Oct. 29, 2025. Kevin Lamarque | Reuters The Federal Reserve meeting that wrapped up Wednesday both delivered on expectations and offered a few surprises. Here are five key takeaways: […]
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Stocks making the biggest moves after hours: Alphabet, Meta, Starbucks, Microsoft and more
Check out the companies making headlines in after-hours trading. Alphabet — Shares of the Google parent jumped nearly 5% on the back of strong results , which included better-than-expected Google Cloud revenue and YouTube advertising revenue. Alphabet earned $3.10 per share, on an adusted basis, topping the $2.33 per share estimate from LSEG. The search […]
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There were two Fed dissenters: Miran wanted a bigger cut and Schmid voted for no easing at all
Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. Aaron Clamage | CNBC There were two dissenters from the Federal Reserve’s decision to lower the federal funds rate by a quarter percentage point on Wednesday, in two different directions. Federal Reserve Governor Stephen Miran instead called […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in September. Text removed from the September statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. […]
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Stocks making the biggest moves midday: Caterpillar, Stride, Nvidia, Garmin, Boeing & more
Check out the companies making the biggest moves midday: Stride — The for-profit education company plunged 50%, on pace for its worst day ever, on much weaker-than-expected guidance. The company sees fiscal second-quarter revenue between $620 million and $640 million. Analysts on average expected an outlook of $613.3 million. Full-year revenue and operating income guidance […]
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Fiserv stock craters 44%, on pace for worst day ever after company slashes guidance
Key Points Fiserv shares were on track for their worst day ever after the fintech company slashed full-year guidance. “Our current performance is not where we want it to be nor where our stakeholders expect it to be,” wrote CEO Mike Lyons in a release. Fiserv added three new board members and announced a new […]
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