Asian shares skid after Wall Street tumbles to its worst day since April as China trade woes worsen
China reported its global exports rose 8.3% in September from a year earlier, the strongest growth in six months and further evidence that its manufacturers are shifting sales from the U.S. to other markets.
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Exports to the U.S. tumbled 27% year-on-year last month,
Read MoreTrump Taps Brakes on China Trade War After Markets Panic — Insists US ‘Wants to Help’
President Donald Trump speaks with reporters in front of the West Wing of the White House, Thursday, May 8, 2025, in Washington. (AP Photo/Alex Brandon)
President Donald Trump signaled a full-blown trade battle with China will not be happening on Sunday, insisting the United States “wants to help” its global rival and that he respects Chinese President Xi Jinping.
Read MoreGold Reaches New High on U.S.-China Trade Rift
Gold prices hit a record high, driven by fears of a renewed trade war between the U.S. and China after President Trump announced the latest tariff increase on Beijing.
Futures in New York climb 2.2% to $4,089 a troy ounce, after reaching $4,096.50 earlier in the session.
“Renewed trade tension saw strong haven buying for gold and other precious metals,”
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Read MoreChina's exports top forecast but fresh US trade spat raises risks to outlook
By Joe Cash and Ellen Zhang
BEIJING (Reuters) -China’s export growth bounced back in September, but renewed trade threats from Beijing and Washington have rekindled worries about jobs and further deflation in an economy heavily reliant on selling its manufactured goods overseas.
» Read more about: China's exports top forecast but fresh US trade spat raises risks to outlook »
Read MoreThe cryptocurrency market is recovering: AI-powered cloud mining offers investors a new approach to locking in returns.
Following a week of brutal swings, Binance Coin（BNB） rebounded solidly this week. As of the time of writing, BNB is at $1.31, with a weekly increase of 9.5% (+$100 from low to high) compared to last week’s performance among major public chains being exceptional.
According to market data, BNB’s transaction volume and volatility have both expanded,
Read MoreThe Burst
Is Meta Breaking Out?
Headlines swirled in recent days that Mark Zuckerberg was meeting with President-Elect Donald Trump at Mar-a-Lago.
Some speculated Zuckerberg was going to “bend the knee” while others thought he was looking for an active role in the new administration.
What we haven’t seen anyone discuss yet is whatever conversation did take place in that room appears to have been received well by markets because Meta now seems to be breaking higher.
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Read MoreThe Ivy
Breaking the $1 Billion Barrier, What’s Next for Security Leader?
CyberArk Software (NASDAQ: CYBR) just delivered a standout quarter, officially surpassing $1 billion in annual revenue for the first time in fiscal 2024. The identity security powerhouse—best known for its privileged access management solutions—is scaling at an impressive pace, fueled by surging demand, strategic acquisitions, and a seamless transition to a subscription-based model.
We take a deep dive into CyberArk’s latest earnings,
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Read MoreThe Spotlight
Is This Space Firm Set To Blast Off
At an annual conference some years ago, a Berkshire Hathaway shareholder asked Warren Buffett how it was possible for smaller investors to rival his own performance and track record during the 1960s, which was his best period. He corrected the questioner and commented that, in fact, his best years were prior to that in the 1950s when he averaged gains closer to 50% annually.