US Inflation Report Will Show Whether Stocks or Bonds Got it Right
For the first time in a long time, stock and bond markets are flashing divergent signals on the economy and future Federal Reserve policy. Tuesday’s inflation report will go a long way in determining which one is right. Bond markets have been cautious. Yields on two-year Treasuries have soared by more than 30 basis points […]
Thousands Mistake US Research Plane, Viral Explosion for Chinese Spy Balloon
A US high-altitude research balloon is now among the world’s most tracked aircraft after thousands of internet users mistook it for the alleged Chinese surveillance balloon hovering over the western state of Montana. More than 4,000 users followed every move of “N257TH,” a standard high-altitude research balloon that is often launched over the United States, […]
US Alleges Chinese Spy Balloon Flew Over Sensitive Military Sites
A suspected Chinese surveillance balloon has been flying over the United States for a couple of days, but the Pentagon has decided not to shoot it down for fear of harming people on the ground, US officials said. The United States took “custody” of the balloon as it entered US airspace and observed it with […]
Apple Supplier in India Begins Manufacturing Components for AirPods
A key supplier to Apple Inc. has started manufacturing components for AirPods in India, marking a significant step in the U.S. tech giant’s push to expand production in the country. Jabil Inc.’s Indian unit has begun shipping AirPods, or plastic bodies, boxes to China and Vietnam, where the wireless earphones are assembled, said people familiar […]
War Game Shows Taiwan Halting China’s Invasion But At ‘Huge’ Cost
Taiwan is likely to defeat a Chinese invasion if the United States comes to the island’s defense, a prominent think tank says, but warns such a victory would come at an “enormous” cost, including the loss of tens of thousands of lives and damage to Washington’s global standing. The Center for Strategic and International Studies […]
Zelenskiy Will Appeal Directly to Biden and Congress in Their Visit to US
WASHINGTON – Ukrainian President Volodymyr Zelenskiy will visit Washington on Wednesday for talks with U.S. President Joe Biden and address Congress on his first known foreign trip since Russia invaded his country in late February. A senior U.S. official said Biden will announce a new nearly $2 billion weapons package for Ukraine that will include […]
US Targets New Sanctions to Counter North Korean Threats
The United States says it is working on additional sanctions against North Korea as it struggles to find ways to pressure the regime back to the negotiating table amid resistance from China and Russia. “We have a new set of sanctions measures being put forward as we speak,” National Security Council adviser Jake Sullivan said […]
US Sends ‘Dangerous Signals’ to Taiwan, China Tells Blinken
China has accused the United States of sending “very wrong and dangerous signals” to Taiwan. China told Washington it had no “right to interfere” in any method Beijing can use to “solve” the Taiwan issue. Taiwan was the focus of 90 minutes of “direct and honest” talks. U.S. Secretary of State Antony Blinken and Chinese […]
Toyota to Invest $5.6 Billion in US and Japanese EV Battery Production
Toyota Motor Corp. has pledged to invest up to 730 billion yen. In other words, it’s about $5.6 billion, to boost electric car battery production in Japan and the US as consumer demand for cleaner transportation takes off globally. Battery production is expected to begin between 2024 and 2026, the world’s largest automaker said in […]
The US and South Korea to Share Data on Crypto Cases
The U.S. and South Korean governments have reportedly agreed to share data on ongoing crypto cases. It includes the case surrounding Terraform Labs CEO Do Kwon and the collapse of the terra cryptocurrency (LUNA) and stablecoin terrausd (UST). The U.S. and South Korea to Share Data on Crypto Research South Korean Justice Minister Han Dong-hoon […]