The message from Capitol Hill on both sides of the aisle is clear: Get ready for U.S. relations with China to spiral all over again in the new year. The one-year trade truce brokered in October between President Donald Trump and Chinese leader Xi Jinping is already looking shaky. And lawmakers are preparing to reup […]
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Capitol Hill is a ghost town with both the House and Senate out of session until a few days into the new year. Lawmakers left town the week before Christmas, and with their departure have left several key fights unresolved — with deadlines looming large for both Republicans and Democrats. Government funding Congress voted to […]
North Korea showed off its apparent progress in the development of a nuclear-powered submarine. State media released photos of North Korean dictator Kim Jong Un and his daughter, a potential heir, as they inspected what appears to be a largely completed hull. The Korean Central News Agency (KCNA), North Korea’s official state media, said Kim […]
A Christmas Eve jazz concert at the Kennedy Center was canceled just days after the White House announced that President Donald Trump’s name would be added to the iconic performing arts institution in Washington, D.C. The show’s host, musician Chuck Redd, who has led the holiday ‘Jazz Jams’ at the Kennedy Center since 2006, said […]
Nvidia stock traded higher on Tuesday, extending a three-day rally as renewed speculation over a potential resumption of GPU sales to China lifted sentiment around US chipmakers. At the time of writing, the Nvidia stock was up around 1% to trade at $185.50. The stock has been attempting to finish the year on a stronger […]
The rally in silver prices continued on Tuesday as prices breached the $70-per-ounce mark for the first time ever on robust physical and investment demand. Gold prices also hit a new record high, crossing the $4,500 per ounce mark on Tuesday on a weak dollar and geopolitical uncertainty. Meanwhile, oil prices fell slightly as oversupply […]
Russian wheat exports have surged in December, estimated by SovEcon at 3.9 million metric tons (mmt). This figure surpasses the 3.4 mmt exported a year earlier and nearly matches the record high of 4.1 mmt set in 2022, driven by accelerated shipments due to improving export margins. The profitability of Russian wheat exports saw a […]
ServiceNow (NYSE: NOW) investors may be concerned with the company spending $7.75 billion on buying Armis, but its CEO remains confident the deal will prove positive in the long run. According to Bill McDermott, the agreement strengthens NOW’s footprint in artificial intelligence (AI) enabled cybersecurity and could help “more than triple” its market opportunity over […]
Markets and policymakers across Europe are juggling fiscal pressure, political risk, and long-term bets on growth. In London, Rachel Reeves is setting up a key economic checkpoint as confidence remains fragile. Paris is scrambling to keep the lights on with another stopgap budget amid deficit fears. Meanwhile, European industry sits at the heart of Samsung’s […]
Big market moves are colliding with mixed economic signals as investors head into year-end. US growth is flashing strength, but soft spots are emerging beneath the headline numbers. In Asia, India’s central bank is burning reserves to slow a battered rupee. Corporate shake-ups continue in Europe as Nestlé accelerates its portfolio reset. Meanwhile, gold and […]