China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Biden to Host Trump at White House in Historic Meeting
In a landmark moment for American politics, President Joe Biden will meet with President-elect Donald Trump at the White House on Wednesday, following Biden’s formal invitation. White House Press Secretary Karine Jean-Pierre confirmed this meeting in a statement released Saturday.
Trump, who won the presidential election on November 5 against current Vice President Kamala Harris, will officially take office on January 20. “At President Biden’s invitation, President Biden and President-elect Trump will meet in the Oval Office on Wednesday,” Jean-Pierre announced.
Initially, Biden, a Democrat, intended to run for a second term. However, he exited the race in July after a challenging debate against Republican contender Trump. Biden addressed his upcoming meeting with Trump when asked about potential threats to democracy, saying, “I'm going to see him on Wednesday,” though he offered no further details.
Biden shared these remarks with reporters on Saturday after attending a church service in Rehoboth Beach, Delaware, where he spent the weekend. He did not disclose what topics he might discuss with Trump, leaving the nation speculating on the nature of this pivotal conversation.
