
Riskier Fringes of Market Are Leaving Blue-Chip Stocks Behind
The riskiest corners of the US stock market are on pace for the biggest gain since November relative to larger and more stable peers, a vote of confidence in the economy's resilience amid uncertainty about tariffs.
A UBS Group AG basket of 100 stocks with low scores on measures including financial health or efficiency — names like AMC Entertainment Holdings Inc. and GameStop Corp. — is up 11% in May, triple the advance of the blue-chip Dow Jones Industrial Average and almost double that of the S&P 500 Index.
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New York Times
19 minutes ago
- New York Times
China Rejects Trump's Accusation That It Violated Trade Truce
China said on Monday that the United States had 'severely undermined' the trade truce the two countries reached last month, striking back against President Trump's accusations that it was violating the terms of their agreement. In a statement, China's Ministry of Commerce called Mr. Trump's attacks on social media last week 'baseless.' He had accused Beijing of failing to live up to its end of their trade deal, a 90-day rollback of tariffs and other trade barriers to give the two countries more time to negotiate and prevent an all-out trade war. China's commerce ministry said it had continued to honor its agreement responsibly and accused the United States of 'erroneous practices' by introducing a series of 'discriminatory restrictive measures.' These included restrictions on the sale of chip design software to China and barring American companies from using or financing artificial intelligence chips from the Chinese technology giant Huawei. It also criticized the Trump administration's announcement that it planned to 'aggressively revoke' the visas of Chinese students and that it would enhance scrutiny of all future applications from China, including Hong Kong. 'The U.S. side has unilaterally escalated new economic and trade frictions, exacerbating the uncertainty and instability of bilateral economic and trade relations,' the ministry wrote in its statement. 'Instead of reflecting on its own actions, it has turned the blame onto China.' China said it would take measures to 'safeguard its legitimate rights and interests' if the United States continued to harm Chinese interests. The growing confrontation over the fragile trade truce between the world's two largest economies has raised questions about whether they can strike a permanent accord within the 90-day deadline. The United States has grown increasingly concerned about access to rare earth magnets, which are crucial for producing cars, semiconductors, aircraft and other vital items. China maintains a near monopoly on the production of rare earth metals. American companies' ability to keep factories running could be in jeopardy without a sufficient supply of those magnets. Jamieson Greer, the U.S. trade representative who negotiated the deal along with Treasury Secretary Scott Bessent, said during a Friday appearance on CNBC that China was 'slow-rolling their compliance' and that the flow of some critical minerals has not returned to levels that American officials were expecting. The agreement, announced on May 12, offered a temporary reprieve to the escalating trade tensions between the two largest economies. The United States had pushed tariffs on Chinese imports to 145 percent and China responded by raising import duties on American products to 125 percent. Under the truce, the United States agreed to lower its tariffs to 30 percent, while China cut its import tax to 10 percent for 90 days. Amy Chang Chien contributed reporting from Taipei.

Yahoo
19 minutes ago
- Yahoo
Caraway has HR, 4 RBIs to help Oregon St. beat USC 14-1, stay alive at Corvallis Regional
CORVALLIS, Ore. (AP) — Trent Caraway had a double, a home run, and four RBIs, Gavin Turley also hit a homer and Oregon State beat Southern California 14-1 at the Corvallis Regional on Sunday night. Oregon State (44-13-1) can win its second consecutive regional title with another win over the Trojans on Monday. Advertisement The Beavers — who lost 6-4 to Saint Mary's Friday, then won games Saturday against TCU and earlier Sunday against Saint Mary's, avenging their opening-round loss by beating the Gaels 20-3 — have won three consecutive elimination games. Oregon State starter Wyatt Queen gave up back-to-back singles to lead off the fifth, walked Ethan Hedges to load the bases and struck out Bryce Grudzielanek before Kellan Oakes came on and struck out Adrian Lopez looking and then got Abbrie Covarrubias swinging to end the threat. Oakes (3-0) had four strikeouts in 1 2/3 innings before before Zach Kmatz struck out seven across three scoreless innings for his first save of the season. Wilson Weber and Caraway led off the second with back-to-back singles before a sacrifice bunt by AJ Singer moved both runners into scoring position. Weber scored on a bunt single by Canon Reeder, who was thrown out at second on a bunt by Dallas Macias, who reached on a fielder's choice to drive in Caraway. Tyce Peteron — who finished with four hits — had an RBI single up the middle Macias scored on a sacrifice bunt by Easton Talt to make it 4-0. Maximo Martinez had an RBI single in the second for USC (37-22). Advertisement Brayden Dowd led off the first with a single but was thrown out at home when Hedges followed with a double. Dowd appeared to be shaken up after a collision at the plate and left the game in the second inning. ___ AP college sports:
Yahoo
23 minutes ago
- Yahoo
Royals Turn Heads With Decision on No. 1 Prospect
Royals Turn Heads With Decision on No. 1 Prospect originally appeared on Athlon Sports. In a move that has electrified Kansas City, the Royals are calling up their top prospect, Jac Caglianone, as reported by ESPN's Jeff Passan on Sunday night. Advertisement The 22-year-old slugger, drafted sixth overall in 2024, has been tearing through the minors, boasting a .322/.389/.593 slash line with 15 home runs and 56 RBIs across 50 games between Double-A and Triple-A. Caglianone, a former two-way star at the University of Florida, has transitioned into a full-time hitter, splitting time between first base and right field. Royals fans, desperate for outfield power after a lackluster season, are buzzing with excitement as Caglianone prepares to make his MLB debut against the Cardinals and Yankees. Kansas City Royals first round draft pick Jac Caglianone poses with his mother Johanne Caglianone for photos on the fieldDenny Medley-Imagn Images "The kid has all the potential in the world," wrote one fan. Advertisement "Dude is a stud and is going to be a major asset to the Royals for years to come," wrote another. "Born superstar," said one user. "That's exciting news! Jac Caglianone is going to bring some serious power to the Royals lineup," said another user. "Damn Jac gonna rake for the Royals," chimed in another. Despite concerns over his high two-strike chase rate, the Royals believe his raw power and improved plate discipline—evidenced by more walks than strikeouts in spring training—make him ready for the big leagues. The 6-foot-5, 250-pound phenom's arrival signals a new era for Kansas City, a team looking to build on its 2024 postseason appearance. With Caglianone's bat in the lineup, the Royals are poised to make a serious statement in the AL Central. Related: Florida Beats Out Three SEC Rivals For Elite OL Recruit This story was originally reported by Athlon Sports on Jun 2, 2025, where it first appeared.