Field of wheat in central Kansas is nearly ready for harvest.Ricardo Reitmeyer | Getty ImagesBangladesh signed a deal on Sunday to import 700,000 metric tons of wheat annually from the United States over the next five years, in a move aimed at securing tariff relief from the Trump administration amid growing trade tensions, officials said.The agreement — formalized through a memorandum of understanding inked in Dhaka between the Ministry of Food and trade group U.S. Wheat Associates — comes at a critical moment, with Washington set to impose a 35% tariff on Bangladeshi exports from August 1.Officials in Dhaka hope…
Author: usaeverydaylife
Sandbags placed near the waterfront in a residential area during a No. 8 storm signal raised for Super Typhoon Saola in Hong Kong, China, on Sept. 1, 2023.Bloomberg | Bloomberg | Getty ImagesTyphoon Wipha caused major flight disruptions Sunday in Hong Kong and at some nearby airports in China as it moved west along the southern coast.Airports in Hong Kong, Shenzhen, Zhuhai and Macao canceled or postponed all their daytime flights, their websites showed. Some high-speed train service in the area was suspended.The Hong Kong Observatory issued a hurricane signal No. 10, its highest warning. The eye of the storm was passing just south of the…
Officers stand at the scene of a crashed vehicle which drove into a crowd in Hollywood in the early hours of July 19, 2025, injuring 28 people, according to the Los Angeles Fire Department.Photo by ROBYN BECK/AFP via Getty ImagesA car slammed into a crowd outside a Los Angeles nightclub early Saturday morning, injuring at least 30 people, before the driver was assaulted by onlookers and shot, the city’s police and fire departments said.At least seven people were in critical condition and six others were seriously injured, the fire department said in an online statement.The incident, which took place outside…
Two people have died and a further two were missing in the South Korean resort town of Gapyeong on Sunday, after a landslide engulfed houses and flooding swept away vehicles during a period of heavy rainfall.This brings the nationwide death toll to 14 with 12 people missing since the rain began on Wednesday.The rainfall is likely to stop on Sunday and be followed by a heat wave, the government weather forecaster said on Sunday.The heavy rainfall, which had earlier lashed southern parts of South Korea, moved north overnight, it said. Source link
Next week, the CNBC teams are back on the road – and it’s all about the banks and the ECB. From Frankfurt to Milan, and Paris to London, the financials are in focus.Banking bellwethersThe markets seem to be banking on the financial sector to keep up the positive earnings momentum this quarter. Citi described the first quarter as “remarkably resilient,” with analysts now expecting Stoxx 600 earnings-per-share growth to turn positive year-on-year this quarter.Much of that optimism is centered on the big banks, while other sectors like luxury, autos and energy have been plagued by earnings downgrades.Unicredit kicks things off…
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Monday, June 30, 2025. Victor J. Blue | Bloomberg | Getty ImagesTreasury Secretary Scott Bessent recently urged President Donald Trump not to fire Treasury Secretary Jerome Powell, warning of the potential economic, political, and legal consequences of such a move, according to a new report from The Wall Street Journal.Bessent reportedly told Trump that removing Powell before his term is up next spring could spur a negative response in the financial markets and push the central bank into uncharted legal and political territory, the Journal…
Chris Martin of Coldplay performs at the O2 Shepherd’s Bush Empire on October 12, 2021 in London, England.Simone Joyner | Getty Images Entertainment | Getty ImagesAstronomer, the technology company that faced backlash after its CEO was allegedly caught in an affair at a Coldplay concert, said the CEO has resigned, the company announced Saturday.”Andy Byron has tendered his resignation, and the Board of Directors has accepted,” the company said in a statement. “The Board will begin a search for our next Chief Executive as Cofounder and Chief Product Officer Pete DeJoy continues to serve as interim CEO.”Byron was shown on a…
The one-two punch of strong earnings and tame inflation helped propel the S & P 500 to a positive week — despite the latest tariff news on Friday putting a slight damper on the action. The broad index added 0.59% for the week led by technology, utilities and industrials, while the tech-heavy Nasdaq outperformed, jumping 1.51%. Meanwhile, the Dow Jones Industrial Average finished the week slightly in negative territory, down 0.07%, after falling 142 points Friday on a report that President Donald Trump was pushing for between 15% to 20% tariffs in any deal with the European Union. The main…
Landing of an Aeromexico La Laguna airline plane at Mexico City International Airport.Gerrardo Vieyra | NurPhoto | Getty ImagesThe Trump administration said on Saturday it is taking a series of actions against Mexico over the Mexican government’s decisions to rescind some flight slots for U.S. carriers and force U.S. cargo carriers to relocate operations in Mexico City.U.S. Transportation Secretary Sean Duffy said in a statement the department could disapprove flight requests from Mexico if the government fails to address U.S. concerns over decisions made in 2022 and 2023. The department is also proposing to withdraw antitrust immunity from the Delta…
Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025.I-hwa Cheng | Afp | Getty ImagesNvidia CEO Jensen Huang sold 75,000 shares on Friday, valued at about $12.94 million, according to a filing with the U.S. Securities and Exchange Commission. Friday’s sale is part of a plan adopted in March for Huang to sell up to 6 million shares of the leading artificial intelligence company. Earlier this week, Huang sold 225,000 shares of the chipmaker, totaling about $37 million, according to a separate SEC filing. The CEO began trading stock per the plan last month.Surging demand…
