GYEONGJU, South Korea (AP) — President Donald Trump and Chinese leader Xi Jinping are meeting face-to-face today in South Korea. Tensions between the world’s two largest economies have soared since Trump returned to office for a second term, and hiked import tariffs. China has retaliated by limiting exports of rare earth minerals, and shunning U.S.…… MORE
JERUSALEM (AP) — Israel’s intense bombardment of the Gaza Strip this week marked the most serious challenge yet for a fragile, U.S.-brokered ceasefire. Gaza health officials said over 100 Palestinians were killed, including dozens of civilians. Israel said one of its soldiers was killed in an attack that helped prompt the fierce Israeli strikes. But…… MORE
PARIS (AP) — A Paris prosecutor says two suspects in the Louvre jewel heist have admitted their involvement in the theft. They were handed preliminary charges for theft committed by an organized gang and criminal conspiracy. They are believed to be the men who forced their way into the world’s most visited museum and took…… MORE
Miami Heat guard Terry Rozier will not receive his salary while on leave due to his arrest on federal gambling charges. Nor will Portland Trail Blazers coach Chauncey Billups, who has also been placed on leave by the league after his arrest on gambling-related charges last week. That’s according to two people with knowledge of…… MORE
WASHINGTON (AP) — The Senate is voting on legislation that would nullify U.S. tariffs on Canada. It is happening just as President Donald Trump is engaged in trade talks in Asia as well as an increasingly bitter trade spat with U.S.’s northern neighbor that is one of its largest economic partners. Senators have taken a…… MORE
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2%…… MORE
AP Business Writer (AP) — In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees. Paramount initiated roughly 1,000 of those layoffs company-wide on Wednesday, according to a source familiar with the matter, who spoke on the condition of anonymity because they…… MORE
Starbucks reported better-than-expected revenue in its fiscal fourth quarter as its U.S. sales improved. The Seattle-based company said its net revenue rose 5% to $9.6 billion in the July-September period. That was better than Wall Street was expecting, according to analysts polled by FactSet. Starbucks’ global same-store sales rose 1% compared to the same period…… MORE
Nvidia has become the first $5 trillion company, just three months after the Silicon Valley chipmaker was first to break through the $4 trillion barrier. The ravenous appetite for Nvidia’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023. On Wednesday the shares closed at $207.04 with…… MORE
SAN FRANCISCO (AP) — Google’s corporate parent on Wednesday announced its first-ever quarter with more than $100 billion in revenue. The milestone illustrates the unwavering power of its internet empire amid legal and competitive threats. The news of Alphabet Inc.’s faster earnings growth comes on the heels of a court ruling in the U.S. Justice…… MORE
