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The Latest Breaking News from China

Crude Prices Gain on US Economic Strength and Ongoing Canadian Wildfires

July WTI crude oil (CLN25 ) today is up +1.19 (+1.90%), and July RBOB gasoline (RBN25 ) is up +0.0260 (+1.27%). Crude oil and gasoline prices today added to Monday's gains, with crude posting a 1-1/2 week high. Signs of strength in the US labor market support economic growth prospects...

Barchart

Stocks Climb as Chip Makers Rally and US Job Openings Increase

The S&P 500 Index ($SPX ) (SPY ) today is up +0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.58%. June E-mini S&P futures (ESM25 ) are up +0.34%, and June E-mini Nasdaq futures...

Barchart

China's BYD Will Strike At The Heart Of Japan's Car Market

Today on Critical Materials: China is coming for Japan's kei cars, Uber plays a pivotal role in Tesla vs Waymo robotaxi battle and electric semis target diesel.

InsideEVs

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Stocks See Support as Bond Yields Slide

The S&P 500 Index ($SPX ) (SPY ) today is up +0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.10%. June E-mini S&P futures (ESM25 ) are up +0.07%, and June E-mini Nasdaq futures...

Barchart

Helldivers 2's Illuminate invasion brought players from around the world together, and our defence of Super Earth's Shanghai even made the news in China

Teamwork makes the dream work

GamesRadar

U.S. ban on EDA software hits Chinese tech companies hard — Xiaomi, Lenovo among affected

Xiaomi, Lenovo, and other Chinese tech companies will lose access to updates and tech support from American EDA companies, so they'll have to switch to local suppliers instead.

Tom’s Hardware

America's prized 'exceptionalism' is the collateral damage of Trump's tariff war, says Deutsche Bank

"The structural foundations of U.S. exceptionalism—particularly the ability to finance itself cheaply via the dollar’s reserve status—have begun to erode," wrote Deutsche Bank.

Fortune

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U.S. extends China GPU tariff exemption until August 31 — Motherboards also listed in Section 301 exclusion

The Trump administration extended the Section 301 tariffs exemptions for several goods for another 90 days.

Tom’s Hardware

Resource-rich Mongolia faces political uncertainty after the prime minister resigns

Resource-rich Mongolia is facing political uncertainty following the resignation of its prime minister in the wake of protests over endemic corruption in the landlocked Asian country, squeezed between China and Russia

The Independent UK

Investors bet on Trump tariff concessions as retaliation threats rattle markets

Cushioning the markets from further drops seems to be the investor sentiment that Trump's tariff threats are not as dire as they first appear.

Fortune

This hacker-turned telecom mogul could be Europe’s tech savior

Maverick investor and former porn entrepreneur is pouring billions into startups. The goal: to catch up with China and the U.S.

Fortune

Trump isn’t Beijing’s only trade headache, as the EU targets Chinese medical devices

Chinese companies are now blocked from bidding for public procurement tenders for medical devices for contracts valued over $5.7 million.

Fortune

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

The Guardian - UK

Australia must resist US bullying to increase its military spending

It’s up to Anthony Albanese to decide Australia’s budget priorities – rather than allowing us to get sucked into a contest between US and China

The Guardian - AU

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AAP

Banks help Australian shares climb to three-month high

The Australian share market is at three-month highs after a positive session, shrugging off global trade tensions and ongoing geopolitical risks.

The Independent UK

Asian markets rise as US stock indexes near records amid easing trade tensions

Shares are higher in Asia after U.S. stock indexes drifted closer to records

The Independent UK

Xu Qiliang, former top Chinese general close to Xi, dies in Beijing

Xu Qiliang, a former air force general who was reportedly close to Chinese leader Xi Jinping, has died at age 75, according to the Defense MInistry

The Guardian - US

Trump news at a glance: US-China trade relations falter amid fragile trade truce

Escalating war of words between world’s two-largest economies highlights unstable trade detente - key US politics stories from 2 June

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InsideEVs

BYD's Five-Minute 'Megawatt' Chargers Are A Big Deal. 15,000 More Are Coming

BYD already has 500 of these five-minute fast-chargers up and running. Now, a lot more are on the way.

Barchart

Stock Indexes Rebound on Strength in Chip Makers and Energy Stocks

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.71%. June E-mini S&P futures (ESM25 ) are up +0.60%, and June E-mini Nasdaq futures...

The Independent UK

Can I take my portable charger on a flight? The rules after several airlines ban using the device

Flight operators from Emirates to Virgin Australia have introduced new power bank regulations following fire safety concerns

TechRadar

Two of China's biggest chip designers just merged to compete better against Intel, AMD and Nvidia

China’s top chipmakers, Hygon and Sugon, merge in new bid to challenge AMD and Intel.

Barchart

Dollar Slides and Gold Rallies as US-China Trade Tensions Escalate

The dollar index (DXY00 ) Monday fell by -0.58% and posted a 1-1/4 month low. Escalation of US-China trade tensions has led to a selloff of the US dollar after China accused the US of violating their recent trade deal by unilaterally introducing new discriminatory restrictions. Also, dovish Fed comments...

Barchart

Crude Prices Finish Higher as the Dollar Slumps and Oversupply Concerns Ease

July WTI crude oil (CLN25 ) Monday closed up +1.73 (+2.85%), and July RBOB gasoline (RBN25 ) closed up +0.0374 (+1.86%). Crude oil and gasoline prices on Monday settled sharply higher, with crude posting a 1-1/2 week high. Monday's fall in the dollar index (DXY00 ) to a 1-1/4 month...

The Independent UK

Trump’s trade policy is making China great again — at the US’s expense, new global analysis finds

Survey finds ‘overwhelming majority of countries simultaneously exhibit worsening views of the United States and improving views of China’

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