Author: Daniel snow

Donald Trump said Wednesday that China’s President Xi Jinping was “extremely hard” to make a deal with, at a time when the White House has been suggesting the two leaders could talk this week amid a rise in trade tensions.”I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!,” the U.S. president wrote on Truth Social.That post on the social media platform came after a senior White House official told CNBC on Monday that Trump and Xi were likely to speak this week.Chinese Foreign Minister Wang Yi told the new U.S.…

Electric vehicles outside a Tesla dealership in Melbourne on April 19, 2023.William West | AFP | Getty ImagesTesla may be facing declining sales in the U.S. and Europe, but it reported a bright spot in Australia — where its electric vehicle sales rebounded to their highest level in nearly 12 months in May.The American EV maker said Tuesday that its vehicle sales jumped to 3,897, primarily driven by record sales of its recently revamped Model Y compact sport utility vehicle. Australian sales of the Model Y soared 122.5% year over year, while sales of the company’s Model 3 dropped significantly. Total deliveries…

What happened in Russia can happen in the United States — or anywhere else. Source link

Japan must pursue payment innovation as society becomes cash-less, BOJ official says Source link

Asia FX muted, dollar steady with focus on Trump-Xi call; S.Korean won firms Source link

Stock-market weakness in the first quarter of 2025 knocked some retirement investors out of the millionaires club, but it didn’t stop workers from saving. Source link

The Toyota Industries Corp. logo at the company’s Nagakusa plant in Obu, Aichi Prefecture, Japan.Bloomberg | Bloomberg | Getty ImagesShares of Toyota Industries slumped as much as 13% Wednesday, after Toyota Group’s reported 4.7 trillion yen ($33 billion) deal to take the company private.That includes a tender offer of $26 billion for shares of Toyota Industries at 16,300 yen apiece, according to Reuters, sharply lower than 18,400 yen on Tuesday before the deal was announced.Toyota Group will create a new holding company for the deal, with the group’s real estate arm Toyota Fudosan investing about 180 billion yen, while Toyota Motor Chairman Akio Toyoda will invest 1 billion yen. Toyota Motor will…

CrowdStrike on Tuesday evening reported quarterly beats on many of the key metrics that investors focus on. However, it also delivered mixed guidance. As a result, we’re not surprised to see some profit-taking in after-hours trading, following Tuesday’s record-high close of nearly $489 per share. Revenue in the fiscal 2026 first quarter increased 20% year over year to $1.1 billion, landing right in line with estimates, according to LSEG. Growth was seen in all major geographic regions. Adjusted earnings per share (EPS) declined 8% annually to 73-cents in the three months ended April 30, but that was ahead of the…

Sydney Harbour and the skyline of the central business district (CBD) in Sydney, Australia, on Tuesday, April 29, 2025.Bloomberg | Bloomberg | Getty ImagesAustralia’s economy grew less than expected in the first quarter this year, as growth stalled amid the simmering global trade tensions.The country’s economy grew 1.3% year-on-year in the first quarter, lower than the estimated 1.5% growth among economists polled by Reuters. That was unchanged from the 1.3% year-on-year growth in the prior quarter.The GDP figure comes as the Reserve Bank of Australia slashed rates to its lowest level in two years at its last meeting in May…

Anna Barclay | Getty ImagesPresident Donald Trump’s Truth Social platform moved a step closer to having a bitcoin exchange-traded fund available to everyday investors. NYSE Arca, the all-electronic arm of the New York Stock Exchange that handles most ETF trading, filed on Tuesday to list a bitcoin fund linked to the president’s media company, the latest sign of Trump’s expanding push into the crypto world. Known as a 19b-4 form, the filing is required before regulators can decide whether to allow the fund to launch and trade on a U.S. exchange.Called the Truth Social Bitcoin ETF, the fund is designed…