Tourists visit the Nanjing Road Scenic Area in Shanghai, China, on October 20, 2025. Nurphoto | Nurphoto | Getty ImagesMany 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…
Author: usaeverydaylife
The logo of the German car manufacturer Volkswagen can be seen on a vehicle in front of a VW dealership.Picture Alliance | Picture Alliance | Getty ImagesAn expensive course correction at subsidiary Porsche dealt Volkswagen a hefty blow in the third quarter, resulting in a 1.3-billion-euro ($1.52 billion) operating loss and piling billions more in costs on top of pressure from U.S. tariffs.Volkswagen booked 4.7 billion euros in charges due to Porsche’s strategy reversal on electric vehicles in the first nine months, while U.S. import tariffs were expected to cost Europe’s biggest carmaker up to 5 billion euros this year,…
The Google corporate office at The Hub building in Warsaw, Poland on Sept. 16th, 2025. Beata Zawrze | Nurphoto | Getty Images The news cycle barely stopped to breathe today.First, Trump meets Xi.U.S. President Donald Trump met Chinese leader Xi Jinping in South Korea on Thursday, during which he struck a 1-year rare earths agreement with China and lowered fentanyl-related tariffs on Beijing to 10% from 20%, effective immediately.China, in return, will resume buying soybeans and other agricultural products from America, Trump added.Second, interest rates.The U.S. Federal Reserve lowered rates by 25 basis points, as expected by traders. But Chair…
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesBritish oil major Shell on Thursday reported stronger-than-expected third-quarter profit, citing robust operational performance and higher trading contributions.Shell posted adjusted earnings of $5.4 billion for the quarter, beating analyst expectations of $5.05 billion, according to an LSEG-compiled consensus. A separate, company-provided analyst forecast had put Shell’s expected third-quarter profit at $5.09 billion.The London-headquartered firm reported adjusted earnings of $6 billion over the same period last year and $4.26 billion for this year’s April-June period.”Shell delivered another strong set of…
SEOUL, SOUTH KOREA – MARCH 7: NewJeans attends the first court hearing for ADOR lawsuit at Seoul Central District Court in Seocho-gu on March 7, 2025 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images)The Chosunilbo Jns | Imazins | Getty ImagesSouth Korea’s largest K-pop agency Hybe added about $644 million in market value Thursday after a court reportedly ruled that girl group NewJeans’ contract with its sublabel ADOR remains valid.Hybe shares gained as much as 7.12%, boosting its market capitalization by roughly 915 billion won ($644 million).The court ruling means that NewJeans are still contractually bound…
The Federal Reserve is expected to cut interest rates on Wednesday, and wealthy U.S. households may benefit most. The federal funds rate is the interest rate at which banks borrow and lend to one another overnight. A quarter-point reduction would bring the benchmark rate to a range between 3.75%-4.00%. It could fall to 3.1% by the end of 2027, according to a September forecast from the Federal Open Market Committee. “That really sets the floor for all other interest rates,” said Michael Wagner, co-founder of Omnia Family Wealth in Aventura, Florida. “We ultimately start earning less money on cash, which makes it…
BUSAN, SOUTH KOREA – OCTOBER 30: U.S. President Donald Trump (R) speaks with Chinese President Xi Jinping during a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty Images News U.S. President Donald Trump said he has reached a 1-year agreement with China on rare earths and critical minerals, and cut fentanyl tariffs on Beijing by half, as his meeting with Chinese President Xi Jinping concluded in South Korea on Thursday.Trump told reporters aboard Air Force One as he left South Korea that the meeting with Xi was “amazing” and that…
Jerome Powell, chair of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, July 30, 2025.Bloomberg | GettyThe Federal Reserve cut borrowing costs for the second time in a row on Wednesday.Lowering the federal funds rate by a quarter point puts that benchmark in a range between 3.75%-4.00%. The decision comes amid intense pressure from President Donald Trump, who has repeatedly called on Fed Chair Jerome Powell to drastically lower rates, arguing that would make it easier for businesses and consumers to borrow and boost the economy.The federal funds…
The ‘Fast Money’ traders react to today’s slate of tech earnings. Source link
The Japanese national flag is seen at the Bank of Japan (BoJ) headquarters in Tokyo on July 31, 2024. The Bank of Japan lifted its main interest rate on July 31 for just the second time in 17 years in another step away from its massive monetary easing programme.Kazuhiro Nogi | Afp | Getty ImagesJapan’s central bank on Thursday kept benchmark interest rates steady at 0.5% in its first meeting after Sanae Takaichi took power as the country’s prime minister earlier this month.The decision was in line with expectations from economists polled by Reuters, and comes even as inflation has…
