Trump says US ‘not looking to hurt China’ and plans to speak to Xi
US stocks jump in morning trading while oil and dollar rise as countries reverse punitive levies
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US corporate profits are crumbling from the bottom up
Big Tech put a gloss on earnings season, but things don’t look great below the surface
Bessent sees tariff agreement as progress in ‘strategic’ decoupling with China
The trade pact reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products, the Treasury chief said.
Cobalt Holdings plans London IPO with Glencore taking 10% stake
Metal investment company aims to raise $230mn from listing next month
Dispatch from the Milken jamboree
Plus, Pimco’s warning, a US copper rush and the National Gallery’s rehang