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…
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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…
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Ray-Ban Display AI glasses during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025.David Paul Morris | Bloomberg | Getty ImagesMeta continues to sink money into the metaverse, anchored by virtual reality and augmented reality technologies.The company reported third-quarter earnings on Wednesday and said that the Reality Labs division recorded an operating loss of $4.4 billion while generating $470 million in sales during the period.Wall Street was expecting Reality Labs to post an operating loss of $5.1 billion on $316 million…
File photo of a U.S. LGM-30G Minuteman III intercontinental ballistic missile inside a silo about 60 miles from Grand Forks Air Force Base, North Dakota.Universal History Archive | Universal Images Group | Getty ImagesU.S. President Donald Trump has instructed the Pentagon to restart nuclear weapons testing “on an equal basis,” citing testing programs by other countries.In a Truth Social post, Trump wrote: “Because of other countries testing programs, I have instructed the Department of War to start testing our Nuclear Weapons on an equal basis. That process will begin immediately.”It was not immediately clear what Trump meant by “equal basis.”…
Alibaba’s Taobao is advertising its Singles Day shopping promotions in Singapore.ScreenshotAlibaba and ByteDance’s TikTok Shop are just some of the Chinese e-commerce players that have quickly come to dominate around half of the online shopping market in several Southeast Asian countries, consulting firm Bain and Company said in a report Thursday.In Indonesia, Thailand and the Philippines, Chinese online shopping players — such as Shein and PDD’s Temu — account for roughly 50% of the local e-commerce market, data for 2024 showed, according to the report. It indicated the Chinese companies have also gained a foothold in the growing online commerce…
Microsoft shares fell in extended trading on Wednesday despite the tech giant reporting a pretty clean beat across nearly every metric. Blame lofty investor expectations after a blowout report three months ago. Revenue increased about 18% year over year to $77.64 billion in its first quarter of fiscal 2026, beating the Street consensus estimate of $75.3 billion, according to data from LSEG. Earnings per share increased 13% from last year to $3.72, ahead of EPS estimates of $3.67, LSEG data showed. On a non-GAAP basis, which excludes losses from investments in OpenAI, adjusted EPS was $4.13. That was a 41-cent…
The ‘Fast Money’ traders react to Microsoft’s quarterly results. Source link
BUSAN, SOUTH KOREA – OCTOBER 30: U.S. President Donald Trump greets Chinese President Xi Jinping ahead of a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Andrew Harnik | Getty Images News | Getty ImagesChinese President Xi Jinping and U.S. President Donald Trump on Thursday arrived in Busan, South Korea, ahead of a much-anticipated meeting to address trade and tariff concerns.The two leaders met for a photo op before their meeting that was slated for 11 a.m. local time (10 p.m. ET, Wednesday). This is the first time the two are meeting in person…
