Author: Daniel snow
Chinese President Xi Jinping and U.S. President Donald Trump.Dan Kitwoodnicholas Kamm | Afp | Getty ImagesPresident Donald Trump held a phone call with China President Xi Jinping, Chinese media outlet Xinhua reported Thursday.This is breaking news. Please refresh for updates. Source link
The number of people who applied for unemployment benefits last week jumped to an eight-month, but the details of the government’s report show little evidence of a tariff-related rise in layoffs. Source link
U.S. Treasury yields ticked lower on Thursday as investors digested new labor market data.The 2-year yield fell more than 2 basis points to 3.848%, while the 10-year Treasury yield dropped by more than 3 basis points to 4.328%. The 30-year long bond yield pulled back more than 4 basis points to 4.843%.One basis point equals 0.01%. Yields and prices move inversely in the bond market.The latest weekly jobless claims came in higher than expected. First-time filings for jobless benefits came in at 247,000 last week, the Labor Department reported Thursday. That’s more than the Dow Jones estimate of 236,000.The moves lower in yields…
Brand divestments also a feature of what Procter & Gamble CFO Andre Schulten described as a restructuring program. Source link
Two graduate students research chemical products in a laboratory in Xiwangzhuang Town, Zaozhuang City, Shandong province of China, on Dec. 26, 2023.Nurphoto | Nurphoto | Getty ImagesBEIJING — For all the attention on U.S.-China competition in artificial intelligence, new studies point to China’s rapid rise in biotechnology, especially for drug and agricultural development.Out of five critical tech sectors, “China has the most immediate opportunity to overtake the United States in biotechnology,” the Harvard Belfer Center for Science and International Affairs said Thursday in its release of a “Critical and Emerging Technologies Index,” covering AI, biotech, semiconductors, space and quantum.While the…
When artificial-intelligence agents help you shop, are they following your wishes or shaping them? Source link
Christine Lagarde, president of the European Central Bank (ECB), at the Hertie School in Berlin, Germany, on Monday, May 26, 2025.Krisztian Bocsi/Bloomberg via Getty ImagesThe European Central Bank on Thursday announced a 25-basis-point interest rate trim taking the deposit facility rate to 2%, down from a mid-2023 high of 4%.Ahead of the announcement, traders had been pricing in an almost 99% chance of the quarter-point cut according to LSEG data.”In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the monetary policy stance – is based on its updated assessment of…
Avoiding deep cuts to America’s social safety net while reducing red ink would show global markets that the U.S. deserves their investment. Source link
Apple hasn’t spent enough on AI infrastructure and risks falling behind as rivals get more creative with their devices. Source link
Wise PLC is moving its primary listing from London to the U.S. Source link