Beijing Warns Countermeasures Over Trump Tariff Threat

 

Beijing warned it will take corresponding measures if Donald Trump follows through on a threat to impose 100% tariffs on Chinese imports, intensifying a spat that has already rattled markets. China defended its sweeping new rare-earth export controls as legitimate and accused Washington of double standards, noting recent U.S. curbs...

China defends rare earth export controls

 

China defended its Oct. 9 rare earth export controls as lawful and limited, saying approvals will be granted for compliant applications and military-linked items denied. The rules extend to related IP and technology and require licenses for products containing over 0.1% domestically sourced rare earths or made with Chinese methods....

U.S.-China Trade Hostilities Reignite, Markets Jolt

 

After months of relative calm, U.S.-China trade tensions snapped back this week, with tit-for-tat moves that rattled markets. China imposed strict new limits on rare earth exports, while Donald Trump threatened a 100% tax on Chinese imports by Nov. 1 and new controls on U.S. software; both sides added port...

Trump Tariff Threat Triggers Record Crypto Liquidations

 

President Donald Trump’s threat of an additional 100% tariff on Chinese imports ignited a late-Friday crypto rout, exposing risky leverage and prompting $18.28 billion in liquidations, according to CoinGlass, which called it the largest in crypto history. Bitcoin slid nearly 10% over five days, briefly dropping to $103,000 before bouncing;...

AI-fueled rally raises earnings stakes globally

 

After a record-setting surge in US stocks, traders enter earnings season with high expectations and little tolerance for disappointments. The S&P 500 is up 11% year-to-date, powered by a frenzy over artificial intelligence that has echoed across global markets. Earnings forecasts have climbed as well: analysts tracked by Bloomberg Intelligence...

Morgan Stanley Seeks Redemption From Jefferies Fund

 

Morgan Stanley’s asset-management arm has asked to redeem part of its investment in a Jefferies Financial Group fund, according to people familiar with the talks. The money was placed with Point Bonita Capital, a Jefferies unit within Leucadia Asset Management. Sources said Point Bonita had roughly a quarter of its...

Asahi Cyberattack Triggers Nationwide Drink Shortages

 

Japan’s Asahi halted production at most of its 30 domestic factories after a cyber-attack, leaving restaurants and shops short of Super Dry and other drinks. Although all facilities, including six breweries, have partially reopened, computer systems remain down, so orders go by pen, paper and fax, and shipments are sharply...

Trump to impose 100% China tariffs Nov. 1

 

President Donald Trump said Friday he will impose 100% tariffs on imports from China starting Nov. 1, citing China’s “extraordinarily aggressive” export-control stance and a letter he said set large-scale controls for Nov. 1, 2025. He also vowed U.S. export limits on “any and all critical software,” and said the...

AstraZeneca, Trump strike most-favored drug pricing deal

 

The Trump administration and AstraZeneca announced a deal Friday to sell the company’s drugs to Medicaid patients at “most-favored nation” prices via a forthcoming TrumpRx.gov site, with primary care medicines available early next year. CMS Administrator Mehmet Oz said new prescriptions will also use that pricing. CEO Pascal Soriot said...

Shutdown Sick Calls Strain U.S. Air Travel

 

As the U.S. government shutdown hit day ten Friday, an uptick in sick calls among essential aviation staff deepened staffing strains just as 52,000 flights are slated for the Columbus Day weekend. CBS News correspondent Kris Van Cleave called the national picture "a little messy," with sporadic delays and cancellations....