More swings in the bond market rattled stock markets around the world. Thursday's moves were relatively modest on Wall Street after U.S. bond yields cranked higher but then gave back the gains later in the day. The S&P 500 rose 0.2% and broke a three-day losing streak. The Dow Jones Industrial Average edged up less than 0.1%, and the Nasdaq composite also rose less than 0.1%. The moves were more dramatic in Europe, where stock indexes tumbled 1.7% in London, 1.6% in Paris and 1% in Frankfurt. They were hurt by sharp moves for bond yields on that side of the Atlantic.
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BANGKOK (AP) — Taiwan's defense minister said Tuesday that existing U.S. arms sales to Taiwan remain unchanged, and that Taipei remains in tal…
AP
President Donald Trump has disputed that he asked Chinese leader Xi Jinping if he wanted to buy weapons from the United States. That contradicts an account from the U.S. ambassador to China. Trump on Monday acted confused when a reporter asked him about Ambassador David Perdue’s remarks over the weekend. Trump suggested that his ambassador was confusing China with Taiwan but then said “maybe it’s a good idea” to make such an offer to China. The whiplash over the prospect of arms sales from the U.S. to its ascendant geopolitical rival underlines the Trump administration’s uncoordinated and contradictory approach to China.
The Trump administration released new fuel economy standards on Monday, relaxing regulatory requirements for automakers to control pollution from gasoline-powered cars and light trucks. The new standards set the industry fleetwide average for light-duty vehicles at roughly 34.9 miles per gallon in the 2031 model year, down from a projected 50.4 miles per gallon in 2031 under rules put in place by the Biden administration. President Donald Trump claimed on his Truth Social media account Saturday that the less stringent mileage requirements would save Americans thousands of dollars on a new car.
KFC has been taking a licking from fried chicken rivals like Raising Cane's, but the global fast-food chain has a plan to return to the top of…
NEW YORK (AP) — Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, …
Donald Trump’s pitch to send Americans $5,000 checks should Republicans prevail in the November midterms is drawing scorn from some members of Congress — the very people who have constitutional authority over federal spending. Economists and other political observers are voicing concerns about the potential effects on inflation and the national balance sheet. Taken together, it’s a swift reaction that makes clear that Trump's dubious election-year gambit is little more than another grand promise from a politician with a long history of them. Trump previously pledged to use savings from the Department of Government Efficiency and revenue from tariffs on foreign imports to distribute payments of $2,000 or more, but none of that came to pass.
Sales of previously occupied U.S. homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with ris…
HONG KONG (AP) — China’s passenger car exports in the first eight months of this year already surpassed last year's total, an industry associa…
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Elon Musk sent dozens of self-driving Cybercabs missing steering wheels and brake pedals onto Austin, Texas, streets Thursday in a bet Americans will get over their fears of “no control” rides and hop inside. The rollout of the gold-colored Teslas with no way to take over in an emergency comes as the company prepares to launch the service in other cities. Tesla shares have dropped amid a slump in vehicle sales, but they rose more than 5% Thursday on hopes the taxis will catch on fast.