US President Donald Trump’s latest financial disclosure shows an active July in the investment accounts managed on his behalf, but the filing looks less like a series of personal stock calls than a broad portfolio rotation. The Office of Government Ethics transaction report lists more than 1,100 purchases and sales, including multimillion-dollar reductions in Microsoft
US President Donald Trump criticised the Federal Reserve’s latest interest-rate increase on Wednesday, saying policymakers were “doing the wrong thing” after the central bank unanimously raised borrowing costs for the first time since 2023. Trump said US rates should be 1% or lower and described the wider Fed board as hostile and political, although he
Donald Trump and Xi Jinping meet at the White House on Thursday with trade, artificial intelligence and critical minerals on the agenda, but investors do not need to own Chinese stocks to have money riding on the outcome. The immediate tariff cliff has already been pushed back. Treasury Secretary Scott Bessent said the US and
Elon Musk, Jensen Huang and Sam Altman are among the technology heavyweights expected when President Donald Trump hosts Chinese President Xi Jinping for a state dinner on September 24. The guest list carries more significance than star power. Nvidia supplies the chips powering the AI boom, OpenAI and Google are building leading models, while Apple,
China’s shipments of rare earth magnets to the US fell sharply last month, according to official Chinese customs data released Sunday. Supply of the materials, critical to high-end manufacturing, is expected to be a major point of friction at Trump’s summit with Xi this week. Shipments fell to 512 tonnes in August, down 20% from
Brent crude, the global oil benchmark, rose around 3% early Wednesday to touch $100 a barrel. At the time of writing, Brent was up around 2.8% at $100.71, while WTI had climbed more than 2.5% to about $95.66. Both oil benchmarks are now up more than 60% so far this year. The move came after
President Donald Trump is heading to Beijing with a business delegation that is heavy on marquee names and light on surprise. Sixteen top executives are expected to join the Beijing visit, including Elon Musk of Tesla, Tim Cook of Apple, Kelly Ortberg of Boeing, Larry Culp of GE Aerospace, Larry Fink of BlackRock, Stephen Schwarzman
The Trump administration is preparing fresh forced labor tariffs on 60 of America’s biggest trading partners, widening its trade fight from China to allies including the European Union, Japan, the United Kingdom, Canada and Australia. The move follows a formal US Trade Representative finding that those economies have failed, in different ways, to stop goods
The White House said President Donald Trump signed a proclamation on Monday amending tariffs on certain copper, aluminium and steel imports, in a move aimed at encouraging near-term industrial investment in the United States. The changes lower duties on some metal-heavy equipment, introduce new rules for mobile industrial machinery and create a pathway for reduced
Jensen Huang was not originally part of Donald Trump’s China trip. But he received a last-minute invitation, and was later seen boarding Air Force One in Alaska during a refueling stop, as he headed to Beijing. For investors, the symbolism is hard to miss. The world’s most valuable chipmaker is now represented at a summit