The market shift that reveals skepticism about U.S. stocks’ recent rally
Economy

The market shift that reveals skepticism about U.S. stocks’ recent rally

This year has already packed a lot of action into stocks: an aggressively bullish start, a swift correction, and a full recovery from those April losses. But based on the the flows into the U.S. exchange-traded funds, where much of the daily trading action occurs across asset classes, the message coming through most clearly from […]

In China, ‘The Great American’ burger is now made with Australian beef
Economy

In China, ‘The Great American’ burger is now made with Australian beef

At his restaurant in BeijingGeng Xiaoyun used to offer a special dish of salt-baked chicken feet — or “phoenix talons” as they are called in China — imported from America. With prices climbing 30% from March due to tariffs, the owner of Kunyuan restaurant had to pull the Chinese delicacy from the menu. “American chicken […]

JPMorgan economist says China’s housing market crash is still not over
Economy

JPMorgan economist says China’s housing market crash is still not over

China’s troubled housing market will continue to see softness as a slew of government stimulus and support measures have not been “satisfactory” in propping up the sector, according to a JPMorgan economist. The “housing market crash is still not over yet,” Haibin Zhu, chief China economist at JPMorgan told CNBC’s “Squawk Box Asia” Monday, adding […]

UK suspends some arms export licenses to Israel
Economy

UK suspends some arms export licenses to Israel

British Foreign Minister David Lammy Ian Forsyth | Getty Images News | Getty Images LONDON — British Foreign Minister David Lammy said Monday the country would immediately suspend some arms export licenses to Israel over fears they could be used in a way that would breach international law. Lammy said 30 of around 350 U.K. […]

X blocked in Brazil after supreme court panel upholds suspension order
Economy

X blocked in Brazil after supreme court panel upholds suspension order

Jaap Arriens | Nurphoto | Getty Images A panel of Brazil’s federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk’s social network X nationwide. One justice, Luiz Fux, voted to uphold but expressed “reservations” about a measure of the order that allows the court to fine individuals or businesses […]