Many people in China cheered the meeting Thursday between President Xi Jinping and U.S. President Donald Trump, after months of escalating bilateral tensions. Every time the two leaders meet, it helps ease tensions and creates a "positive atmosphere," Alex Hongcai Xu, chair of Beijing Honglve Consulting, said in Mandarin, translated by CNBC. "This atmosphere is beneficial for negotiations." "Each side lowering tariffs to below 10% would benefit capital flows and cooperation," Xu said. He noted that China can likely buy more U.S. soybeans and U.S.-made Boeing airplanes. Trump said Thursday...
U.S. President Donald Trump said on Monday evening that Federal Reserve Governor Lisa Cook was to be removed from her post, effective immediately, alleging that she made false statements in two mortgage applications. Trump, in a letter released to social media, said that there is "sufficient cause" for Cooke's removal. "There is sufficient reason to believe (Cook) may have made false statements on one or more mortgage agreements," Trump said in a letter, alleging that Cook declared two separate properties as her primary residences in two separate mortgage agreements signed within weeks of...
U.S. President Donald Trump expressed his desire to meet with North Korean leader Kim Jong Un this year. Speaking to reporters on Monday before a meeting with South Korean President Lee Jae Myung at the White House, Trump highlighted his relationship with the North Korean leader. "I have a very good relationship. I understand them. I spent a lot of free time with them, talking about things that we probably aren't supposed to talk about. And you know, I just, I get along with him really well. I think he has a country of great potential, tremendous potential," Trump said. When asked...
United States (US) President Donald Trump swung for the fences on Monday, touching on a broad range of subjects during a joint press conference with South Korean President Lee Jae Myung. In between delivering remarks on the Korean peninsula, Donald Trump fashioned himself as the ultimate peace broker for multiple countries, and mused about having South Korea voluntarily give up sovereign land to the US. President Trump also touched on international trade, insisting that US Crude Oil products are critical to South Korea, which overwhelmingly has its energy demands met by trade with China and...
Sales of new single-family homes in the United States eased by 0.6% from the previous month to a seasonally adjusted annualized rate of 652,000 units in July of 2025, trimming the revised 4.1% increase in the earlier period and above market expectations of a 630,000 sold homes. Regionally, sales fell sharply in the Mid-west (-6.6% to 85,000) and the South (-3.5% to 388,000), offsetting growth in the West (11.7% to 153,00). In turn, new home sales remained unchanged in the Northeast (at 26,000). In the meantime, the number of unsold homes on the market also fell by 0.6% to 499,000,...
Israeli strikes on Nasser hospital in Gaza on Monday killed at least 15 people, including four journalists, one of whom worked for Reuters, Palestinian health officials said. Cameraman Hussam al-Masri, a Reuters contractor, was killed in the first strike, according to the officials. Photographer Hatem Khaled, who was also a Reuters contractor, was wounded in a second strike on the hospital, they said. Witnesses said the second strike took place after rescue workers, journalists and other people had rushed to the site of the initial attack. The Reuters live video feed from the hospital,...
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...
US President Donald Trump said Thursday that he had agreed with President Xi Jinping to cut tariffs on China in exchange for Beijing cracking down on illegal fentanyl trade, resuming purchases of...