Chinese President Xi Jinping has held his final meeting with his outgoing counterpart in the United States, Democrat Joe Biden. But Xi’s words on Saturday seemed directed not simply at Biden but at his Republican successor, returning President Donald Trump. In his encounter with Biden on the sidelines of the Asia-Pacific Economic Cooperation summit in…
US President-elect Donald Trump’s transition team is planning to kill a $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters news agency has reported, citing two sources with direct knowledge of the matter. Ending the tax credit could have grave implications for an already stalling electric vehicle (EV) transition in…
The tech-heavy Nasdaq Composite Index rises 0.8 percent as investors bet on strong earnings from Meta, Amazon and Microsoft. US tech stocks have catapulted the Nasdaq to a record high as investors bet on strong earnings from corporate heavyweights. The tech-heavy Nasdaq Composite Index rose 0.8 percent on Tuesday, as Google’s parent company Alphabet reported…
The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene and the Boeing strike, the Labor Department reported Thursday. The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased a seasonally…
