The soon-to-be 47th president, who will be sworn in on Monday, voiced interest in traveling to China within his first 100 days in office.
Trump has expressed interest in traveling to China in his first 100 days in office according to the Wall Street Journal.
Apple faced two downgrades ahead of earnings, with analysts citing weak iPhone demand. China continues to be a headwind for sales.
U.S. President-elect Donald Trump has told advisers he wants to travel to China after he takes office, the Wall Street Journal reported on Saturday, quoting people familiar with the discussions.
In recent years, Chinese property developers have used unsold apartments to settle debts to construction companies and furniture suppliers. Now, Chinese local governments are following suit.
Eurasia Group founder and president Ian Bremmer warned Monday that he believes the US is headed for a trade war with China just as Donald Trump assumes the presidency for the second time.
In China, Apple’s second largest market, iPhone sales fell 18% in the December ending quarter, according to Bloomberg.
Wall Street’s main indexes rose on Tuesday, with the blue-chip Dow at a more than one-month high, as investors assessed President Donald Trump’s executive orders after taking office and awaited his first move on trade policy. In morning trading, the Dow Jones Industrial Average rose 423 points, or 1%, to 43,911.
The S&P 500 was 0.2% higher in midday trading and on track to squeak past its all-time high set early last month after coming close the day before. The Dow Jones Industrial Average was up 236 points, or 0.2%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was edging 0.2% lower.
Discover why Trip.com Group Limited's Q3 earnings beat expectations, and why there's still room for growth in the Chinese tourism market. Click for my TCOM update.