Trump’s trade policies will likely lift inflation, lower growth, and raise unemployment later this year, Federal Reserve Governor Michael Barr said.… MORE
Category Archives: Top News
Europe stocks rise as investors look ahead to U.S.-China trade talks in Switzerland
European stocks opened higher on Friday as investors look forward to the U.S.-China trade talks set to begin this weekend in Switzerland.… MORE
Nvidia modifies H20 chip for China to overcome U.S. export controls: Reuters
Nvidia has notified major Chinese customers, including leading cloud computing providers, that it aims to release the modified H20 chip in July.… MORE
Why the Bank of England governor thinks uncertainty is here to stay despite a trade deal
“A U.K.-U.S. trade agreement is very welcome… But the U.K. is a very open economy,” Andrew Bailey told CNBC.… MORE
Asia-Pacific stocks mixed as investors parse China data, await Washington-Beijing trade talks
China’s exports surged as shipments to Southeast Asian countries soared, offsetting a sharp drop in outbound goods to the U.S. as prohibitive tariffs kicked in.… MORE
CNBC’s Inside India newsletter: India looks ready for a deal with the U.S. — but at what cost?
U.S. President Donald Trump has, on several occasions, referred to India as the “tariff king,” but now New Delhi stands ready to abdicate its throne.… MORE
China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade
Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Friday.… MORE
Shares in Chinese chipmaker SMIC drop nearly 7% after earnings miss
Shares of Semiconductor Manufacturing International Corporation, China’s largest contract chip maker, fell nearly 7% after an earnings miss.… MORE
Stock futures are flat following rally on U.S.-UK trade deal framework: Live updates
Investors hope more meaningful trade deals will begin picking up steam.… MORE
U.S. tariff pressure has retailers evaluating their prices
Household brands including Pandora, Puma and Hugo Boss have all said they are evaluating their pricing strategies in the U.S.… MORE