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Markets mixed as China-US talks end, eyes on tech earnings
Markets mixed as China-US talks end, eyes on tech earnings
Economy
by  AFP

Asian markets were mixed Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their trade truce, while eyes were also on tech earnings and a key Federal Reserve meeting. Major earnings releases from tech titans Meta and Microsoft are due Wednesday, with Amazon and Apple coming Thursday.

US Fed set to hold firm against Trump pressure
US Fed set to hold firm against Trump pressure
Economy
by  AFP

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge. Analysts broadly expect the Fed to hold interest rates steady at a range between 4.25 percent and 4.50 percent.

Five products to be hit by Trump's incoming tariffs
Five products to be hit by Trump's incoming tariffs
Economy
by  AFP

The United States is set to raise tariffs on dozens of trading partners Friday if they fail to reach accords with President Donald Trump to avert the higher rates, and this risks raising prices for consumers. In a letter to Brazil's leadership, Trump cited a judical "witch hunt" against his right-wing ally, ex-president Jair Bolsonaro, in unveiling the rate.

US second quarter GDP growth to reflect tariff turbulence
US second quarter GDP growth to reflect tariff turbulence
Economy
by  AFP

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs. Analysts have noted that companies tend to hold off major decisions during times of uncertainty, given the risk of sudden policy shifts.

American Eagle 'jeans' campaign that stars Sydney Sweeney under fire
American Eagle 'jeans' campaign that stars Sydney Sweeney under fire
Economy
by  AFP

An advertising campaign starring Sydney Sweeney for the clothing brand American Eagle has triggered the latest online firestorm causing an internet meltdown. Neither American Eagle nor the Emmy-nominated Sweeney, the 27-year-old actor best known for roles in the series "The White Lotus" and "Euphoria," have publicly responded to the backlash.