Latest news with #tariffTalks
Bloomberg
2 days ago
- Business
- Bloomberg
US Stocks Drift Higher as Traders Eye US-China Trade Talks
US stocks crept higher on Tuesday as the US and China resumed their tariff talks for a second day in London, with financial markets on edge as the world's two largest economies try to avoid escalating the ongoing trade war further. The S&P 500 Index rose 0.2% as of 9:35 a.m. in New York, leaving the equities benchmark less than 2.2% from its record after closing above the psychologically important 6,000 level for two straight sessions for the first time since mid-February. The Nasdaq 100 Index, which sits within 1.7% of its peak, inched up 0.1%. A basket tracking so-called Magnificent Seven stocks including Nvidia Corp., Alphabet Inc. and Meta Platforms Inc. rose 1%, with Tesla Inc. the best performer of the cohort.
CBC
11-05-2025
- Business
- CBC
Trump touts 'great progress' as U.S. and China begin 2nd day of tariff talks
Social Sharing The U.S. and China on Sunday resumed crucial tariff talks that have put the global economy on edge, but presented differing views on where the negotiations presently stand. U.S. President Donald Trump wrote on social media that "great progress" was being made and even suggested a "total reset" was a possibility as the sides took their seats for the second and final scheduled day of discussions in Geneva. Beijing has yet to comment directly but its official news agency took a tough approach, saying China will "firmly reject any proposal that compromises core principles or undermines the broader cause of global equity." WATCH | China has an 'unsustainable' economic model, says Bessent: 'China needs to change' its economic model, U.S. treasury secretary says 18 days ago Duration 3:39 U.S. Treasury Secretary Scott Bessent, speaking at an event hosted by the Institute of International Finance, says the 'persistent overreliance' on the U.S. for consumer demand is creating an 'evermore unbalanced' global economy, citing China's export-heavy economy as an 'unsustainable' model. Trump's post gave no further details, and White House officials offered little information during and after the opening day of discussions. Two officials, speaking to The Associated Press on condition of anonymity because of the sensitivity of the matter, confirmed that the talks had resumed on Sunday morning. WATCH | Former U.S. official says decoupling from China will hurt U.S. economy: U.S.-China decoupling would 'hurt the U.S. economy dramatically,' says former U.S. labour secretary 21 days ago Duration 8:31 Chief political correspondent Rosemary Barton speaks with former U.S. labour secretary Robert Reich about a possible trade deal with China and whether President Donald Trump could pause auto tariffs to give carmakers more time to move to the U.S. The discussions could help stabilize world markets roiled by the U.S.-China standoff that has ships in port with goods from China unwilling to unload until they get the final word on tariffs. The discussions have been shrouded in secrecy, and neither side made comments to reporters as they left Saturday.
Yahoo
10-05-2025
- Politics
- Yahoo
AP top stories May 10
Here's the latest for Saturday, May 10: Ukraine and allies urge Putin to commit to a 30-day ceasefire; India accuses Pakistan of ceasefire breaches; Tariff talks begin between US and Chinese officials; In coffee-producing Uganda, an emerging 'sisterhood.'
Reuters
06-05-2025
- Business
- Reuters
European first-quarter corporate profits seen rising 0.4% on hopes of easing trade tensions
May 6 (Reuters) - The outlook for European corporate health has improved, the latest earnings forecasts showed on Tuesday, as markets await possible U.S. and China tariff talks and the Federal Reserve's policy announcement on Wednesday. European companies are expected to report a growth of 0.4% in first-quarter earnings, according to LSEG I/B/E/S data, compared to the 1.7% drop analysts had expected a week ago. Consensus for revenue also slightly improved, with analysts expecting a 1.9% increase, compared with a 1.4% rise expected last week. That compares to a drop of 3.3% in earnings and a drop of 4.6% in revenues a year earlier, the data showed.
