President Joe Biden, after testing negative for COVID on both Saturday and Sunday, left the White House for the first time since becoming infectious last month Biden emerged from an Read more
Tag: China
U.S. can stay ‘within striking distance’ of halving emissions by 2030
“‘The transformational legislation provides breakthrough investments and tax credits that will save households money, create millions of jobs and boost energy security – all while helping put the U.S. within Read more
China halts U.S. climate-change talks after Pelosi’s Taiwan visit — 5 things to know
China says it is canceling or suspending dialogue with the U.S. on climate change, military relations and other topics in a retaliatory strike after a controversial visit to Taiwan by Read more
Adidas sales crimped by China lockdowns and Russia closures
Adidas AG ADS, +0.41% said Thursday that second-quarter sales were dragged by supply squeezes and a loss of revenue in Russia, as well as by lockdowns in China, as it Read more
Pelosi’s visit to Taiwan rattles global copper markets, but slowing growth in China still the bigger worry
Copper prices fell for the third straight day on Wednesday as tensions between the U.S. and China flared as House Speaker Nancy Pelosi wrapped up her visit to Taiwan, an Read more
China Caixin Services PMI improves further in July
The China Caixin services purchasing managers’ index, a private gauge of service-sector activity, improved further in July, contrasting with its official counterpart. The Caixin services PMI rose to 55.5 in Read more
Semiconductor ETFs close mixed amid fears of an industry ‘down cycle,’ Pelosi trip to Taiwan
Battered exchange-traded funds focused on semiconductor stocks ended mixed Tuesday, amid concerns about a “down cycle” in the sector and U.S. House Speaker Nancy Pelosi’s visit to major chip-producer Taiwan. Read more
Starbucks earnings beat expectations despite continued weakness in China
Starbucks Corp. produced better earnings than expected in the fiscal third quarter, despite a massive drop-off in comparable sales in China Starbucks SBUX, -1.41% reported fiscal third-quarter profit of $912.9 Read more
Caterpillar earnings disappoint again: Supply chain challenges, China and strong dollar blamed as sales came up short
Shares of Caterpillar Inc. sank Tuesday, after the construction and mining equipment maker reported another disappointing earnings report, with profit beating expectations but sales coming up a bit shy. The Read more
China manufacturing sector contracts in July, home sales fall sharply
China’s major economic pillars wobbled in July with weakness in manufacturing and the all-important property sector, showing the pressure on a country that remains a drag on the struggling global Read more