U.S. China trade talks stretch into second day in London
Talks led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng resume after lunch at Lancaster House near Buckingham Palace. Markets monitor progress as Washington and Beijing press for terms on rare earth shipments and rollbacks of tech controls amid a 90 day truce and global tariff tensions.
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Stocks rise to near record highs on trade hopes
U S stocks advanced toward record levels as U S China trade talks continued in London and optimism grew. The S&P 500 gained 0.5 percent, the Dow rose 105 points, and the Nasdaq added 0.6 percent amid varied global markets and company earnings including Designer Brands and J M Smucker. Tesla and TSMC shares also moved higher.
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World Bank warns Trump trade war to slow global growth
The World Bank forecasts U S and global growth to slow in 2025 due to rising trade barriers. The U S economy is seen expanding 1.4 percent, down from 2.8 percent in 2024, with world growth at 2.3 percent, trimmed from 2.8 percent.
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