The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) dropping to 48.7 from 49.1 in September. This reading came in weaker than the market expectation of 49.5. Other details of the PMI report showed that the Employment Index edged higher to 46 from 45.3 in this period, while the New Orders Index improved to 49.4 from 48.9. Finally, the Prices Pair Index, the input inflation component of the survey, declined to 58 from 61.9. Source: FXstreet
U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese officials regarding what he called "very aggressive" and "disproportionate" measures Beijing has taken to curb rare earth mineral exports. Greer told CNBC's "Squawk Box" that a meeting between President Donald Trump and Chinese President Xi Jinping is still scheduled, but it would be a mutual decision if the meeting takes place on the sidelines of an economic conference in South Korea next week. Trump is scheduled to travel to Kuala Lumpur for the...
Shutdown pemerintah AS sudah masuk hari ke-22 (22 Oktober 2025), menjadikannya kedua terpanjang dalam sejarah. Di Senat, pemungutan suara untuk membuka kembali pemerintahan sudah 11 kali gagal, sehingga kebuntuan makin panjang. Presiden Donald Trump menyatakan baru akan bertemu pimpinan Demokrat setelah pemerintah dibuka kembali, sementara kubu Republik mulai mengakui bahwa perlu ada RUU pendanaan sementara (CR) untuk keluar dari situasi ini. Dampaknya makin terasa ke layanan publik penting. Lembaga peradilan federal mulai merumahkan (furlough) pegawai karena dana cadangan habis;...
The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding past the end of the federal fiscal year on September 30. The closure has shut off the flow of key economic data at a moment of uncertainty among policymakers and investors about the health of the U.S. job market, the trajectory of inflation and the strength of consumer spending and business investment. The federal agencies responsible for indicators of U.S. economic activity, including the Bureau of Labor Statistics, Bureau of Economic Analysis...
U.S. President Donald Trump said Monday he expects to reach a "fair trade deal" with Chinese President Xi Jinping and downplayed fears of conflict over Taiwan, even as tensions linger. Trump told reporters he did not believe China intended to invade Taiwan but acknowledged the issue would likely come up during their meeting next week on the sidelines of an economic conference in South Korea. However, U.S. Trade Representative Jamieson Greer struck a tougher tone later in the day, accusing Beijing of a "broader pattern of economic coercion" against companies making strategic investments in...
The 20-day US federal government shutdown is likely to end this week, White House economic adviser Kevin Hassett said on Monday. "I think the Schumer shutdown is likely to end this week," White House economic adviser Kevin Hassett said in an interview on CNBC, referring to Senate Democratic leader Chuck Schumer. Hassett, director of the National Economic Council, said his "friends in the Senate" believe it was "bad optics for Democrats to open the government before the 'No Kings' protests, and that now there's a chance things will improve this week." Protesters of all ages took to the...
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...
As the U.S. government shutdown disrupts federal employee paychecks across the country, it also exacerbates the financial hardship of attorneys who represent the poorest members of society when they...