The University of Michigan consumer sentiment for the US dropped to 55.4 in September 2025, down from 58 in August and well below market expectations of 58, according to preliminary estimates. This marked the second consecutive monthly decrease, pushing sentiment to its lowest level since May. The current conditions index deteriorated to 61.2 from 61.7 and the expectations gauge fell to 51.8 from 55.9. Meanwhile, year-ahead inflation expectations held steady at 4.8% while the five-year expectations moved up for the second straight month to 3.9% from 3.5%. Source : Trading Economics
The world got a taste of an effective U.S.-China trade embargo, and after a breakthrough on Monday with lowered tariffs, there's no going back. China now has the "mutual respect" it has long craved from the U.S. U.S. Treasury Secretary Scott Bessent told CNBC's Joe Kernen that "there is a sense of mutual respect" during the talks, a point that U.S. Trade Representative Jamieson Greer also emphasized in his remarks to the press on Monday. That's in stark contrast to how the first high-level bilateral meeting under the Biden administration kicked off with an exchange of insults in Alaska,...
Republicans in the U.S. Congress advanced major elements of President Donald Trump's budget package on Wednesday, as key committees approved tax cuts that would add trillions of dollars to the U.S. debt, while cutting spending on healthcare for the poor and disabled. With Democrats boycotting this top priority of Trump's, Republicans relied on their majorities in the tax-writing House of Representatives Ways and Means Committee and the Energy and Commerce panel overseeing Medicaid and other healthcare programs to advance the controversial package of bills. Flexing their majority muscles,...
As per the commerce ministry's announcement on Wednesday, China has temporarily halted some non-tariff measures that were previously imposed on 17 U.S. entities from its unreliable entity list and 28 U.S. entities from its export control list. These entities were added to the lists in April. China's unreliable entities list, which was updated on April 4, included 11 U.S. entities. Measures against these entities have been suspended for a period of 90 days, effective from Wednesday. Furthermore, measures against six more U.S. entities, which were added to the list on April 9, have also been...
Syria's Ahmed al-Sharaa has transformed himself from al Qaeda militant to Syrian president in a dramatic political rise capped on Wednesday by a meeting with U.S. President Donald Trump. The encounter in Saudi Arabia is a milestone for a man who joined al Qaeda in Iraq around the time of the 2003 U.S.-led invasion and spent years in U.S. prison there before returning to Syria to join the insurgency against Bashar al-Assad. The meeting - following Trump's announcement of an end to U.S. sanctions on Syria - is a huge boost for Sharaa as he tries to bring the fractured country under his...
President Donald Trump kicked off his Gulf trip on Tuesday with a surprise announcement that the United States would lift long-standing sanctions on Syria, and a $600 billion commitment from Saudi Arabia to invest in the United States. The United States has agreed to sell Saudi Arabia a nearly $142 billion package of arms, the White House said, calling it Washington's largest ever "defense cooperation agreement." The end of sanctions on Syria would be a major boost for a country devastated by more than a decade of civil war. Rebels led by current President Ahmed al-Sharaa toppled President...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's...