China’s control over crucial rare earth materials has been a “threat for a long time” and the U.S. should create a strategic reserve of the metals.
Wall Street expects S&P 500 third quarter earnings to rise 8% from the same period last year, which would mark the ninth straight quarter of gains.
A run for the exits by investors in levered exchange-traded funds on Friday exacerbated the largest single-day stock market selloff since April.
Treasury Secretary Scott Bessent said he still expects Presidents Donald Trump and Xi Jinping will meet, while warning that all options are open.