Shipping rates on the Shanghai-to-U.S. West Coast route have reportedly found a near-term floor at around $2,500 per 40-foot container, after rising to about $6,000 per month.
He reiterated President Donald Trump’s comments from earlier at the White House, regarding the signing of the China trade deal a day ago, and being very close to the finish line with India.
Addressing reporters at the White House, Leavitt said the July 9 deadline is “not critical,” but that an extension is a decision for the President to make.
While U.S. President Donald Trump says that these sites have been “obliterated,” Iran told the International Atomic Energy Agency (IAEA) that there has been no increase in off-site radiation at the three facilities hit by the U.S.
He echoed Federal Reserve Chair Jerome Powell’s remarks that the impact of President Trump’s tariffs on prices of goods has not been seen so far, but said he anticipates that “more pressure is coming.”
IAEA chief Rafael Grossi’s analysis was echoed by the CIA, too, with Director John Ratcliffe stating that the Iranian nuclear program was “severely” damaged in the recent strikes.
Iran’s Supreme Leader Ayatollah Ali Khamenei accused U.S. President Donald Trump of overstating the impact of American airstrikes on three Iranian nuclear sites over the weekend.
US markets closed mixed on Wednesday, tech shares lifted Nasdaq while S&P 500 remained flat. Fed Chair Powell reiterated wait-and-see approach. Asian markets mostly up, European markets also positive with oil prices steady.
Bessent urged Congress to act or increase or suspend the debt limit as soon as possible, before its scheduled August recess, to protect the full faith and credit of the United States.
Micron Technology’s artificial intelligence-powered third-quarter outperformance could be a welcome relief to traders who are left to contend with macro and geopolitical challenges.
President Donald Trump said on Wednesday the United States will hold nuclear talks with Iran next week, following devastating U.S. air strikes that intelligence officials say "severely damaged" Tehran's nuclear capabilities.
