The Latest Breaking News from China

For decades, American factories have shuttered as production moved overseas in search of cheaper labor and larger supplier networks. Between 1997 and 2022, the number of U.S. manufacturing firms and plants dropped by 25%, according to McKinsey Co.. Jobs that once employed nearly 20 million Americans now account for just…

Let’s take a look at some of the most significant stories that broke over the weekend, including the latest on China’s economy, the SP 500 earnings, and the impact of stablecoins on the U.S. dollar.

The weekend was a whirlwind of tech and market news. From a massive data privacy settlement for Meta Platforms (NASDAQ:META) to a unique revenue-sharing agreement between the U.S. government and chip giants, the stories were as diverse as they were impactful.

American lawmakers are using a trip to South Korea and Japan to explore how the United States can tap those allies’ shipbuilding expertise and capacity to help boost its own capabilities