As Republican fiscal hawks stepped up their criticism of the massive fiscal stimulus package, Donald Trump’s ally Elon Musk sharply criticized the tax bill signed by the president, calling it a “disgusting move” that undermines the budget. At a crucial moment when Trump was personally lobbying against the bill’s opponents, the public condemnation from this […]
Doubts about the appeal of US Treasuries have prompted investors to turn to higher-rated alternative bonds, boosting the prices of bonds in Australia and Singapore. Strategists and portfolio managers are rethinking whether US Treasuries offer sufficient returns, a rare challenge for the world’s largest bond market, especially after recent downgrades and concerns that proposed tax […]
Lori Logan, president of the Federal Reserve Bank of Dallas, said that it might take officials some time to know how the economy will respond to tariff and other policy changes, and thus to know how they should adjust interest rates. Logan outlined various risks facing the economic outlook in a speech at an event […]
A federal appeals court has offered President Donald Trump a chance to obtain a stay of a ruling that threatens to upend much of his tariff agenda, offering at least some hope to the White House as it faces a raft of new constraints in its efforts to reshape the global trading order. The US […]
The vast majority of President Donald Trump’s global tariffs have been ruled illegal and blocked by the US trade court, dealing a major blow to a pillar of his economic agenda. On Wednesday, a three-judge panel of the US Court of International Trade in Manhattan unanimously ruled in favor of the Democratic-led states and small […]
For decades, Asian export powers have been pursuing a simple financial strategy: selling goods to the United States and then investing the proceeds in US assets. As Donald Trump attempts to reshape global trade and the US economy, subverting the logic behind the $7.5 trillion investment in Asia, this model is now facing its greatest […]
Japan’s overseas assets have reached a record high, but it has lost its position as the world’s largest creditor nation for the first time in 34 years. Data released by Japan’s Ministry of Finance on Tuesday showed that Japan’s net foreign assets reached 533.05 trillion yen (about 3.7 trillion US dollars) by the end of […]
As the content of the discussion has not been made public, the sources requested anonymity. One of the sources said that the plan will prioritize technologies including chip manufacturing equipment over the next decade. He also added that the plan may not use the previous name to avoid criticism from Western countries. One of the […]
In the world’s largest bond market, investors are opposing President Donald Trump’s tax cut plan. On Wednesday, these measures pushed the benchmark 30-year US Treasury yield up to 5.1%, just below the highest level in two decades, and triggered a decline in the stock market and the dollar. Meanwhile, government officials were meeting with Republican […]
As large technology companies increasingly recognize the strategic importance of chip technology, Xiaomi plans to invest at least 50 billion yuan (6.9 billion US dollars) in the next decade to develop its own mobile processors, in an effort to enhance its semiconductor influence. Xiaomi co-founder and billionaire Lei Jun wrote on China’s Weibo on Monday: […]