But it is only a tactical retreat. The truce was an outcome of marathon negotiations in Switzerland, a neutral country. Trump supporters will say that he achieved the goal of getting China to promise greater purchases of US goods, especially farm and energy products, and some concessions on intellectual property rights. Also Read: Will a…
Gold and silver prices in your city today on May 18: Prices of the precious metals have slipped on eased trade talks between the United States and China, and calming of geopolitical tensions between India and Pakistan. While eased pressure has made investors opt for riskier equities, experts still back gold and silver as safe…
Moody’s Investors Service downgraded the United States’ sovereign credit rating on Friday, citing rising concerns over the nation’s growing $36 trillion debt burden. The credit rating agency lowered the US government’s long-standing rating by one notch to “Aa1” from “Aaa” and revised its outlook to “stable” from “negative.” Moody’s had maintained the United States’ top-tier…
(This story was originally published on 13 March 2025) For decades America has stood by its friends and deterred its enemies. That steadfastness is being thrown upside down, as Donald Trump strong-arms allies and seeks deals with adversaries. After freezing all aid to Ukraine on March 3rd, his administration restored it when Ukraine agreed in…
US stocks declined on Thursday following mixed economic data as UnitedHealth Group dove on a report of a US criminal inquiry against it. Data showed US retail sales were near-flat in April, while wholesale inflation PCE unexpectedly dropped last month. At 09:42 a.m., the Dow Jones Industrial Average fell 128.62 points, or 0.31%, to 41,922.44,…
Wall Street’s key indices opened higher on Wednesday as Donald Trump’s Gulf tour stoked hopes of more trade deals. At the opening bell, the Dow Jones Industrial Average rose 9.7 points, or 0.02%, to 42150.09. The S&P 500 rose 10.2 points, or 0.17%, to 5896.74, while the Nasdaq Composite rose 64.6 points, or 0.34%, to…
Qatar’s offer of a luxury Boeing 747 to President Donald Trump has set off alarm bells within the US intelligence and diplomatic community, where gifts from foreign powers have long been viewed with suspicion. Aside from any legal and ethical qualms about Trump accepting the plane — an 89-seater with a sumptuous French-designed interior —…
India on Monday informed the World Trade Organization (WTO) that it will impose $1.91 billion of levies on imports from the US in retaliation against Trump’s move but left a 30-day window for talks, showed a communication from New Delhi to the global trade body. The people cited above said American goods that could attract…
US equities mostly rose on Tuesday following benign consumer price inflation data. The Consumer Price Index (CPI) fell to 2.3% in April from a year ago, down from 2.4% in March. At 10:48 AMEDT, the Dow Jones Industrial Average fell 0.36%, the S&P 500 gained 0.66%, and the Nasdaq Composite rose 1.30%. At 09:38 a.m.,…
Now, months into her second term, there is a different phrase that will likely dominate her tenure: Where’s Melania? Also Read: Dani Rodrik: Mercantilism isn’t always bad but Trump’s trade policy is This is progress. In not showing up as expected, Melania Trump, 55, has both freed herself and continued to transform the role. Few…
