Customers shop at a supermarket in Qingzhou City, East China’s Shandong Province, Aug 9, 2023. Costfoto | Nurphoto | Getty Images China’s producer prices plunged 3.6% in June from a year earlier, marking its largest decline in nearly two years, as a deepening price war rippled through the economy that’s already grappling with weakening consumer…
Here are the opening calls for the day Asia-Pacific markets started the day mixed Wednesday. As of 8.11 a.m. Singapore time, Japan’s Nikkei 225 benchmark added 0.33% while the broader Topix index ticked up 0.17%. In South Korea, the Kospi index was flat while the small-cap Kosdaq moved up 0.29%. Over in Australia, the S&P/ASX 200 benchmark fell…
U.S. Treasury yields were little changed on Tuesday as investors continue to assess the aftermath of President Donald Trump’s tariff letters threatening steep duties on several countries, including key allies. The benchmark 10-year yield was up 1 basis point at 4.407%, and the 30-year bond yield was unchanged at 4.93%. The 2-year Treasury yield was also flat…
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on May 27, 2025, in New York City. Timothy A. Clary | AFP | Getty Images Stock futures were little changed Tuesday night as investors monitor the latest tariff updates from President Donald Trump. Futures tied to the Dow…
Jeff Williams, chief operating officer of Apple Inc., during the Apple Worldwide Developers Conference (WWDC) at Apple Park campus in Cupertino, California, US, on Monday, June 9, 2025. David Paul Morris | Bloomberg | Getty Images Apple said on Tuesday that Chief Operating Officer Jeff Williams, a 27-year company veteran, will be retiring later this…
Traveler wait in a long security line at John Wayne Airport in Santa Ana Wednesday, May 7, 2025. Allen J. Schaben | Los Angeles Times | Getty Images The Transportation Security Administration plans to let many travelers leave their shoes on at U.S. airport checkpoints, ending a roughly 20-year-old rule, according to people familiar with…
US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on July 8, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump said he will impose a 50% tariff on copper imports on Tuesday, and suggested more steep sector-specific duties are on the…
A top White House economic advisor on Tuesday likened the odds that President Donald Trump’s tariffs will lead to higher prices to those of a meteorite striking earth. “Rare events happen. We get pandemics or, or meteors or whatever,” said Stephen Miran, chairman of Trump’s Council of Economic Advisers, on CNBC’s “Squawk Box.” But “there’s…
Rishi Sunak on the grid before the F1 Grand Prix of Great Britain on July 06, 2025 at Silverstone Circuit in Northampton, England. Bob Kupbens | Icon Sportswire | Getty Images Former U.K. Prime Minister Rishi Sunak is set to rejoin Goldman Sachs as a senior adviser, the bank announced Tuesday, a year after his…
Harry Stebbings, founder of 20VC, says billion-dollar firms aren’t built on five-day work weeks. 20VC Venture capitalist Harry Stebbings faced a wave of backlash in June after urging European startup founders to increase their work hours — but he now admits there’s some room for nuance when applying his mantra. Stebbings, founder of 20VC, a…
