Markets

Trump’s COVID-19 diagnosis is seen as a ‘self inflicted wound’ and will bolster China’s global standing, Atlantic Council’s CEO says

US president Donald Trump’s COVID-19 diagnosis will boost China’s international reputation, the CEO of think-tank Atlantic Council Fred Kempe said in a CNBC opinion piece over the weekend. Trump and first Lady Melania Trump tested positive for coronavirus on Friday. Kempe said: “Chinese officials will embrace this period as additional, […]
Trump’s COVID-19 diagnosis is seen as a ‘self inflicted wound’ and will bolster China’s global standing, Atlantic Council’s CEO says
Markets

US trade deficit in July hits widest point in 12 years

Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US trade deficit in July hits widest point in 12 years
Markets

Global stocks tick higher after ‘constructive’ US-China trade talks conclude and investors pin hopes on early development of a vaccine

Global stocks climbed on Tuesday after the US and China held “constructive” talks about their Phase One trade deal. Japan’s Nikkei rose 1.4%, while in Europe, the broad Euro Stoxx 50 climbed 0.7% in morning trade. “Both sides had a constructive dialogue regarding stepping up macroeconomic policies coordination and the […]
Global stocks tick higher after ‘constructive’ US-China trade talks conclude and investors pin hopes on early development of a vaccine
Markets

US stocks edge higher as investors mull further stimulus, US-China trade talks

US stocks edged higher on Tuesday as investors looked for signs of progress on government stimulus and US-China trade talks. Democrats and Republicans remain deadlocked in negotiations on the next stimulus bill, while t he Trump administration on Monday imposed new restrictions on Huawei. Housing starts jumped 22.6% in July, […]
US stocks edge higher as investors mull further stimulus, US-China trade talks
Tech

TikTok just sued the Trump administration. Here’s everything we know about the app’s future in the US — and everything we don’t.

President Donald Trump is threatening to ban popular viral-video app TikTok in the US over claims that it poses a national-security risk through its Chinese parent company ByteDance. ByteDance is entertaining TikTok acquisition talks with US tech companies to assuage concerns from the president. Microsoft is the favourite, and a […]
TikTok just sued the Trump administration. Here’s everything we know about the app’s future in the US — and everything we don’t.