Trump-Xi summit ends with limited deliverables and a shorter trade truce
The Trump-Xi summit closed Friday with only a handful of shared commitments and a far shorter trade truce extension than…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
China and US Cut Tariffs on $60 Billion in Trade, Extend Truce to January
China and the United States have cut tariffs on $60 billion of goods traded between the two countries and extended…
Iran-Linked Diesel Price Spike Makes Electric Trucks Cheaper Than Diesel in Six EU Markets
A diesel price spike tied to this year's Iran conflict has pushed electric trucks below diesel models on total cost…
Bessent Urges Fed to Keep Open Mind on Rates, Citing AI Productivity Gains
Treasury Secretary Scott Bessent has urged Federal Reserve policymakers to keep an open mind on interest rates, arguing that AI-driven…
Apollo’s chief economist warns AI agents could trigger a bank run on US deposits
Apollo Global Management's chief economist, Torsten Slok, warns that AI assistants could trigger an "agentic bank run" by automatically sweeping…
