Stocks rise as Trump says US-China trade meeting will take place on Monday
CNN
The announcement comes amid a punishing tariff war between the world’s two largest economies.
Stocks were higher Friday as President Donald Trump said the next round of US-China trade talks is set to take place on Monday. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will meet in London with representatives of China, Trump said on social media. The Dow was up by 448 points, or 1.06%, in afternoon trading. The broader S&P 500 rose 1.15% and the tech-heavy Nasdaq Composite gained 1.4%. The three major indexes were largely unchanged after Trump’s post and all trading below their highest levels of the day. “The meeting should go very well,” Trump said in his post. The announcement comes amid a punishing tariff war between the world’s two largest economies as Trump works to rebalance what he considers unfair trade between the US and its global partners. Trump and his Chinese counterpart Xi Jinping spoke for 90 minutes on Thursday. After Trump’s call with Xi, the US president said he was encouraged that ongoing trade tensions could soon be resolved. Stocks had been in the green after a slightly better-than-expected jobs report this morning soothed nerves about how the US economy has been holding up during the early stages of Trump’s tariff regime. The S&P 500 climbed above 6,000 points, which is a level it had not touched since February. The Dow, S&P 500 and Nasdaq were all on pace for back-to-back weeks of gains.
The United States is considering whether to strike Iran as turmoil intensifies for the country’s authoritarian regime.
The US has completed its first sale of Venezuelan oil since the US attached Venezuela and captured its president, Nicolás Maduro, earlier this month, according to an administration official.
President Donald Trump enacted a new 25% tariff on “certain advanced computing chips” on Wednesday, according to a White House fact sheet. That includes Nvidia’s H200 chip and AMD’s MI325X. However, chips imported to support building up the US technological supply chain would be exempt.
Verizon said some of its wireless services were down Wednesday, leaving many customers without access to voice and data services.
YouTube will now let parents limit the amount of time their teens can spend scrolling through its short-form video feature, Shorts, or block them all together.
Last month, Washington Post reporter Hannah Natanson penned a first-person piece about her long year as “the federal government whisperer,” receiving tips from hundreds of federal workers. On Wednesday, the FBI searched her home, a source familiar with the situation told CNN.
Price hikes picked up speed for US-based businesses toward the end of last year, a potential signal that inflation has yet to peak and prices could soon rise faster for consumers.
Trump is threatening to take “strong action” against Iran just after capturing the leader of Venezuela. His administration is criminally investigating the chair of the Federal Reserve and is taking a scorched-earth approach on affordability by threatening key profit drivers for banks and institutional investors.
Perhaps no data point better encapsulates the American economy right now than this nugget from Delta’s quarterly earnings:
China recorded the world’s biggest ever trade surplus in 2025, as well as a 20% jump from 2024, capping off a year in which the world’s largest manufacturer defied US trade pressure by ramping up exports to other global markets.
Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankruptcy protection late Tuesday, according to court documents filed in US Bankruptcy Court in Houston, Texas.
China on Wednesday reported a strong export run in 2025 with a record surplus of nearly $1.2 trillion, as producers braced for three more years of a Trump administration set on slowing the production powerhouse by shifting US orders to other markets.
Microsoft says it will ask to pay higher electricity bills in areas where it’s building data centers, in an effort to prevent electricity prices for local residents from rising in those areas. The move is part of a broader plan to address rising prices and other concerns sparked by the tech industry’s massive buildout of artificial intelligence infrastructure across the United States.