Matson has paid $6.4 million in port fees to China since levies started in October

The White House has announced that Nvidia is prohibited from selling its most advanced AI chip to China, a move that could significantly impact the tech giant's business strategy and the broader AI landscape.

Trump's recent visit to China has highlighted the shortcomings of his tariff strategies, showing that despite significant global repercussions, only limited progress has been achieved. This situation poses serious challenges for American businesses and consumers alike.

Starbucks is set to sell control of its China business to Boyu, a move aimed at accelerating growth in the region. This strategic decision reflects Starbucks' commitment to expanding its presence in one of the world's largest coffee markets.

Starbucks is adjusting its strategy in China, highlighting the challenges Western brands face in capturing this lucrative market. With the CEO now able to focus more on revitalizing the U.S. business, the company aims to navigate the complexities of international expansion.

China has accused the Netherlands of exacerbating the ongoing chip war by interfering with the operations of the seized chipmaker Nexperia. This dispute is significant as it threatens to disrupt the global supply chain, particularly impacting car factories that rely on these essential components. The tensions highlight the fragility of international trade relations and the potential consequences for industries worldwide.

Starbucks has taken a surprising step by selling its second-largest business, a move that comes amid plans to close several stores by the year's end. This decision reflects the company's ongoing strategy to adapt to changing market conditions, particularly in China, where it has been considering a significant stake sale. The implications of this sale could reshape Starbucks' operations and influence its future growth in international markets.

In October, US motor vehicle sales experienced a notable decline, largely attributed to the expiration of electric vehicle (EV) subsidies. This drop is significant as it highlights the impact of government incentives on consumer purchasing behavior, particularly in the growing EV market. As subsidies fade, potential buyers may hesitate, affecting overall sales and the industry's shift towards sustainable transportation.

Corn and soybean prices have dropped as uncertainty looms over export demand due to a US government shutdown, which has left traders without crucial data on sales to China and other countries. This situation is significant as it highlights the vulnerability of agricultural markets to political events, potentially impacting farmers and the broader economy.

Kennedy-Wilson has received an exciting buyout proposal from its CEO and Fairfax Financial, indicating strong confidence in the company's future and potential growth.

Lilly and Novo are reportedly close to agreements that could lower the prices of obesity drugs and improve access to Medicare. This development is seen as a positive step towards making essential medications more affordable for those in need.

AMD has announced significant increases in both profits and sales for the third quarter, driven by its expansion into AI data centers and a rise in personal computer processor sales.

Today's trading day reflects the ongoing uncertainties in US politics, with investors closely monitoring market trends and economic indicators. The political landscape continues to influence trading decisions, leading to a cautious approach among market participants.

Ramaco Resources is set to launch a $300 million offering of convertible notes, signaling a strong move to attract investment and bolster its capital. This initiative reflects the company's confidence in its growth potential and aims to enhance its financial flexibility.

Apollo CEO Marc Rowan has reassured investors by addressing concerns about the market's health, highlighting the positive earnings in the private-credit sector.