U.S.-China tariffs, oil and currencies

SINGAPORE — Markets in Asia-Pacific were subdued in early trade on Tuesday, as investors weighed a possible thawing of U.S.-China trade relations as U.S. President Joe Biden floated the idea of tariff cuts on Chinese goods. In Japan, the Nikkei 225 was down 0.4% in early trading, while the Topix was lower by 0.2%. South … Read more

5 things to know before the stock market opens Monday, May 23

Here are the most important news, trends and analysis that investors need to start their trading day: 1. S&P 500 set to open higher after narrowly avoiding a bear market close Traders on the NYSE, May 20, 2022. Source: NYSE Dow futures rose 350 points Monday after the 30-stock average logged its first eight-week losing … Read more

U.S. announces major Asia economic deal in effort to boost profile, counter China

U.S. President Joe Biden, pictured here on Thursday, April 21, 2022, has launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with a dozen initial partners. Yuri Gripas | Abaca | Bloomberg | Getty Images In a move to raise its economic profile and create another counterbalance to China within Asia, the United States announced on … Read more

US, Japan and South Korea focus on semiconductors as Biden visits Asia

TOKYO — As U.S. President Joe Biden visits Japan and South Korea, the three countries are looking for common ground on the world stage. One place they’re finding it is semiconductors. A first stop for Biden on his first swing through Asia as president was a Samsung factory in South Korea. “These little chips, only … Read more

Biden in Japan to launch regional economic plan to counter Beijing

U.S. President Joe Biden is greeted by Japan’s Foreign Minister Yoshimasa Hayashi upon arrival in Yokota Air Base in Fussa, Tokyo prefecture on May 22, 2022. Biden arrived in Japan on Sunday to launch a plan for greater U.S. economic engagement with the Indo-Pacific, facing criticism even before the program is announced that it will … Read more

Another baby formula shipment from Europe to arrive in the U.S. on Wednesday

Empty shelves show a shortage of baby formula at a Target store in San Antonio, Texas, May 10, 2022. Kaylee Greenlee Beal | Reuters FedEx Express has secured a government contract to bring another shipment of infant formula to the U.S. on Wednesday, NBC News reported. The Express plane will fly from Ramstein Air Base … Read more

Hyundai plans $5 billion investment in U.S. on mobility technology

Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I. The investment comes alongside the automaker’s recent announcement of a plan to spend $5.54 billion to build its first … Read more

Biden says ‘hello’ to North Korea’s Kim amid tensions over weapons tests

U.S. President Joe Biden speaks during a joint news conference with South Korean President Yoon Suk-yeol at the Presidential office in Seoul, South Korea, May 21, 2022.  Jeon Heon-Kyun | Reuters U.S. President Joe Biden, in Seoul before heading to Japan as part of his first Asia trip as president, had a simple message for … Read more

What to do while you wait for possible coming student loan forgiveness

Kool99 | Istock | Getty Images Contact your lender Because of the pandemic-era payment pause on student loan bills, most borrowers haven’t made a payment in more than two years. Now the bills are set to arrive in mailboxes again in September. Even if some student debt is forgiven, you could still have a balance … Read more

Abbott CEO apologizes for baby formula shortage in Washington Post

The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalsky | AFP | Getty Images Abbott Laboratories CEO Robert Ford apologized Saturday in a new op-ed for his company’s role in a nationwide shortage of baby formula, which this week moved Congress and the Biden administration to take emergency actions to alleviate … Read more