U.S. stocks end higher after U.S. and China reach framework deal on TikTok
U.S. stocks ended higher on Monday to kick off the week,...
U.S. stocks ended higher on Monday to kick off the week, after U.S. and Chinese officials said they have reached a "framework" agreement to shift TikTok to U.S.-controlled ownership, with the deal set to be confirmed during a Friday call between U.S. President Donald Trump and Chinese President Xi Jinping. Meanwhile, investors expected the Federal Reserve to cut its key policy rate by 25 basis points at its meeting that concludes Wednesday.
The Dow Jones Industrial Average edged up 0.1%, according to the preliminary closing data from FactSet.
The S&P 500 closed 0.5% higher, at a record high.
The Nasdaq Composite finished 0.9% higher, at a record high.
Northeast states may embrace gas, nuclear to keep wind alive
President Donald Trump's efforts to derail offshore wind are hitting...
President Donald Trump's efforts to derail offshore wind are hitting Connecticut, Rhode Island and Massachusetts hard, prompting their Democratic governors to explore creative solutions to help keep the industry on track. One involves potentially supporting Enbridge's plan to expand a natural gas pipeline system in the region. "Knowing that increasing supply directly impacts cost, I would be open to reviewing proposals for other forms of energy generation, including a gas pipeline or nuclear power," said Rhode Island Gov. Dan McKee.
OPEC+ sees stable economic growth supporting oil demand
Robust economic conditions and sustained consumer spending prompted OPEC+...
Robust economic conditions and sustained consumer spending prompted OPEC+ to keep its global oil demand growth forecasts steady at 1.29 million barrels per day this year and 1.38 million bpd next year. The group noted that recent trade agreements between the US and key partners have reduced uncertainty. At the same time, OPEC+ is pressing ahead with output hikes to its defend market share, even as prices soften and nonmember output expands.
U.S. officials ramp up pressure on EU to ease methane rules
Energy Secretary Chris Wright and Interior Secretary Doug Burgum are...
Energy Secretary Chris Wright and Interior Secretary Doug Burgum are using a diplomatic tour in Europe this week to press EU officials to reconsider a methane regulation that could hinder US energy exports. The American Petroleum Institute supports the administration's stance, describing the regulation as "ill-conceived," while Wood Mackenzie analyst Nacho García-Lajara believes exemptions or looser requirements for North American liquefied natural gas are likely.
Fourth round of US–China trade talks: Treasury Secretary...
Fourth round of US–China trade talks: Treasury Secretary Scott Bessent and other US representatives are in Madrid talking trade with Chinese officials. The two sides met for almost six hours yesterday, a senior Treasury official told Bloomberg, noting that TikTok has already come up during negotiations. The video app’s Beijing-based owner, ByteDance, faces a Wednesday deadline to divest TikTok or get shut down in the US. A source familiar with trade discussions told CNBC the deadline will likely get extended…again, like it has three other times since President Trump took office in January.
Two men in Utah were arrested on suspicion of placing a bomb under a news media vehicle in Salt Lake City. The explosive was lit, but did not detonate.
New York Gov. Kathy Hochul endorsed Zohran Mamdani for NYC mayor, after he vowed to apologize for calling the NYPD racist in 2020.
Elon Musk’s xAI laid off at least 500 workers responsible for training its Grok chatbot, according to Business Insider.
A Northrop Grumman cargo ship was launched to the International Space Station yesterday with a SpaceX Falcon 9 rocket.
Demon Slayer: Infinity Hunter earned $70 million in its opening weekend at the US box office and set a record for an anime film in North America.
