Jun 15 G7 leaders gather in Canada for summit overshadowed by trade wars and Israel-Iran crisis By Rob Gillies, Jill Lawless, Associated Press Leaders of some of the world’s biggest economic powers are arriving in the Canadian Rockies on Sunday for a Group of Seven summit, overshadowed by an escalating conflict between Israel and Iran and U.S. President Donald Trump’s unresolved trade war with allies and… Continue reading
Jun 12 How critical minerals give China an edge in trade negotiations with U.S. By Simina Mistreanu, Associated Press U.S. President Donald Trump wants China to lift restrictions on exporting rare earths and other critical minerals that Beijing imposed as part of a yearslong trade war. Continue reading
Jun 11 Trump says U.S. will get rare earth minerals from China and tariffs on Chinese goods will total 55% under new trade framework By Darlene Superville, Josh Boak, Didi Tang, Paul Wiseman, Associated Press Trump didn’t fully spell out what concessions the U.S. made. Beijing has not confirmed what the negotiators agreed to, and Chinese President Xi Jinping and Trump himself have yet to sign off on it. Continue reading
Jun 11 U.S. inflation rose slightly last month as grocery prices ticked higher By Anne D'Innocenzio and Christopher Rugaber, Associated Press The figures suggest inflation remains stubbornly above the Federal Reserve's 2% target, which makes it less likely that the central bank will cut its key short-term interest rate. Continue reading
Jun 09 Apple unveils software redesign while reeling from AI missteps and Trump’s trade war By Michael Liedtke, Associated Press After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology. Continue reading
Jun 09 With trade talks due to start, China says exports to U.S. fell 35% in May By Elaine Kurtenbach, Associated Press China has reported its exports to the United States fell 35% in May from a year earlier, straining the economy, as trade talks with Washington were due to start in London. Continue reading
Jun 05 More Americans applied for jobless benefits last week, rising to highest level in eight months By Matt Ott, Associated Press New applications for jobless benefits rose by 8,000 to 247,000 for the week ending May 31, the Labor Department said Thursday. That's the most since early October. Continue reading
Jun 05 WATCH: In Merz meeting, Trump says it might be better to let Ukraine and Russia ‘fight for a while’ By Seung Min Kim, Kirsten Grieshaber, Geir Moulson, Associated Press In an Oval Office meeting with German Chancellor Friedrich Merz, Trump likened the war in Ukraine — which Russia invaded in early 2022 — to a fight between two young children who hated each other. Continue reading
Jun 05 China and U.S. will hold more tariff talks, Trump says after Xi call By Will Weissert, Chris Megerian, Associated Press President Donald Trump and Chinese leader Xi Jinping spoke on Thursday at a time when stalled tariff negotiations between their two countries have roiled global trade. Continue reading
Jun 04 Watch 6:34 What’s ahead for U.S. economy as global market reacts to Trump’s tariffs By Geoff Bennett, Jackson Hudgins The Congressional Budget Office released an analysis of the impact of President Trump’s tariffs. It projects current policies would reduce the deficit by $2.8 trillion over the next decade, but raise inflation and shrink the size of the economy. It… Continue watching