China will make ‘substantial’ purchases of U.S. soybeans and should avoid an extra 100% tariff, says Bessent—who reveals he’s also a farmer

Gold prices have taken a hit as the US and China move closer to a trade agreement, reducing the demand for gold as a safe haven. This marks the first weekly drop for gold since mid-August, indicating that the recent surge in precious metals may have been too rapid. This development is significant as it reflects changing market dynamics and investor sentiment, which could impact future trading strategies.

Oil prices are on the rise as positive developments in US-China trade negotiations enhance the outlook for energy demand. This is significant because a stronger demand for oil can lead to increased economic activity and stability in the energy market, benefiting investors and consumers alike.

US stock futures and oil prices are on the rise as signs emerge that a trade deal between the US and China is nearing completion. This positive development has sparked a rally across various assets, including stocks and commodities like copper, while currencies linked to China, such as the Australian dollar, are also benefiting. The news is significant as it suggests a potential easing of trade tensions, which could lead to improved economic conditions globally.

Bessent has criticized a recent anti-tariff advertisement featuring Reagan, labeling it as 'psy-ops' aimed at manipulating U.S. citizens. He argues that the U.S. support for Argentina should still be viewed as an 'America first' initiative, as it strengthens ties with an ally. This perspective highlights the ongoing debate about the implications of U.S. foreign policy and its impact on domestic perceptions.

Chinese and U.S. officials have made significant progress in trade negotiations, announcing a preliminary agreement on several key issues. This development is crucial as it sets the stage for an upcoming meeting between President Trump and President Xi Jinping, which could further solidify trade relations between the two economic giants. The outcome of these discussions could have a substantial impact on global markets and economic stability.

The United States anticipates that China will postpone its rare earth export controls as negotiations for a trade deal advance. This development is significant as it reflects a potential thaw in trade tensions between the two nations, which could lead to a more stable economic relationship and benefit global markets.

In a significant development, US Treasury Secretary Scott Bessent announced that the US and China have reached a final agreement regarding the sale of TikTok. While specific details about the ownership transfer remain undisclosed, this deal is seen as a crucial step in easing trade tensions between the two nations. The resolution of this high-profile issue not only impacts the future of TikTok but also reflects broader efforts to stabilize economic relations, making it a noteworthy moment in international trade.

The US and China have reached a preliminary agreement on a trade deal, which is set to be signed ahead of the upcoming meeting between President Trump and President Xi. This deal includes provisions for TikTok and hints at agreements on rare earths and tariffs. This is significant as it could ease tensions between the two economic giants and foster a more stable trade environment, benefiting businesses and consumers alike.

Australia has initiated legal proceedings against Microsoft, alleging that the tech giant misled approximately 2.7 million customers regarding its products and services. This case is significant as it highlights the ongoing scrutiny of large corporations and their accountability to consumers, potentially setting a precedent for how tech companies communicate with their users.

Dow futures surged by 300 points as optimism grows over a potential ceasefire in the U.S.-China trade war. This positive momentum is further fueled by Wall Street's anticipation of another Federal Reserve rate cut and upcoming earnings reports from major tech companies like Meta, Microsoft, and Alphabet. With Apple and Amazon also set to report soon, investors are hopeful that these earnings will reflect strong performance, which could bolster market confidence and economic stability.

Perseus Mining has reported strong gold production in its Q1 2025 earnings call, showcasing the company's robust operational performance. This positive trend is significant as it reflects the company's ability to navigate market challenges and capitalize on opportunities, which could lead to increased investor confidence and potential growth in the mining sector.

POET Technologies has successfully raised $150 million through a registered direct offering, marking a significant milestone for the company. This influx of capital is expected to bolster its growth initiatives and enhance its technological advancements, which is crucial in the competitive tech landscape. Investors are optimistic about the potential returns, making this a noteworthy development in the tech sector.

Walmart's collaboration with OpenAI to integrate AI-powered shopping into ChatGPT marks a significant shift in the retail landscape, directly challenging Amazon's dominance. This partnership not only enhances the shopping experience for consumers but also sets a new standard for how retailers can leverage technology to improve search and discovery. As AI continues to evolve, this move could reshape competition in the retail sector, making it an exciting development for both companies and shoppers alike.

UK Chancellor Rachel Reeves is heading to Saudi Arabia to push for a trade deal with Gulf states, aiming to enhance the UK's economic growth ahead of her important budget announcement. This visit is significant as it highlights the UK's commitment to strengthening international trade relationships, which could lead to increased investment and economic opportunities.