U.S. President Donald Trump shakes hands with Chinese President Xi Jinping as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. Evelyn Hockstein | Reuters A long-awaited meeting between President Donald Trump and Chinese President Xi Jinping will…
Doug Burgum, US secretary of the interior, at the CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 25, 2026. F. Carter Smith | Bloomberg | Getty Images HOUSTON — Interior Secretary Doug Burgum said Wednesday that the U.S. recently brought back $100 million of gold from Venezuela. Burgum visited Venezuela with…
In this photo illustration a 13-year-old teenage boy looks at an iPhone screen displaying various social media apps on January 12, 2026 in Bath, England. Matt Cardy | Getty Images News | Getty Images The U.K. government is trialing a social media ban for hundreds of teens, after the country’s lawmakers rejected a blanket ban…
U.S. Treasury yields fell sharply on Wednesday as investors weighed reports that a plan to end the Middle East conflict has been put forth. The 10-year Treasury yield — the benchmark for U.S. government borrowing — was more than 6 basis points lower at 4.324%. The yield on the 2-year Treasury note, which are more sensitive…
Pharma giant Merck is buying U.S. biotech firm Terns Pharmaceuticals for $6.7 billion to boost its oncology pipeline, the company said Wednesday. This is the third multibillion-dollar acquisition for Merck over the past year as the company looks to bulk up its portfolio before its best-selling cancer drug Keytruda loses key patent protection in 2028….
European Central Bank (ECB) President Christine Lagarde addresses the media after the ECB’s Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, Sept. 11, 2025. Kai Pfaffenbach | Reuters The head of the European Central Bank said Wednesday that policymakers stand ready to hike interest rates even if an expected jump in euro zone…
On Holding has named co-founders David Allemann and Caspar Coppetti as co-CEOs, replacing Martin Hoffmann after a five-year tenure as CEO, as the Swiss sneaker maker looks to scale globally. The leadership shakeup comes as On is preparing to enter its “next growth phase,” the company said in a statement Wednesday. On shares were down…
Federal Reserve Chair Jerome Powell last week pushed back when asked whether stagflation posed a threat to the U.S. economy. His successor may face a tougher challenge, as Wall Street forecasters raise their expectations of recession, brought on in part by the Iran war and potential for higher prices. In recent days, economists have pulled…
Rene Haas, chief executive officer of Arm Holdings Plc, holds the AGI CPU chip during the Arm Everywhere event in San Francisco, California, US, on Tuesday, March 24, 2026. David Paul Morris | Bloomberg | Getty Images Arm jumped in early market trading Wednesday after the company said its newly released in-house chip would generate…
Deteriorating asset quality, collateral markdowns and a growing rush for the exits are rattling private credit markets and prompting comparisons to the Global Financial Crisis. But a spike in loan defaults, while painful, could help shake out pockets of stress from the $3 trillion sector and provide what one industry pro calls a “healthy reset”…
