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Mounting inflation fears, geopolitical tension and ongoing uncertainty around the Iran war has prompted selling pressure across asset classes.
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Tensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman.
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Jerome H. Powell is passing the chair's baton to Kevin M. Warsh at the Federal Reserve, an institution that President Trump's pick says needs an overhaul.
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But two vulnerable Republicans joined Democrats in the effort to force President Trump to win authorization from Congress, in the latest sign of G.O.P. jitters over the war.
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A pledge for more Chinese investment could face backlash given longstanding national security concerns in the United States.
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;Resize=(620)) U.S. President Donald Trump departed China on Friday touting business deals that gave markets little to cheer, while Beijing warned Washington about mishandling Taiwan and said its war with Iran should never have started.
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Trump praised China's leader and emphasized their personal bond as both sides sought to steady relations despite tensions over Iran, trade and global power.
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President Donald Trump met Chinese President Xi Jinping in Beijing on Thursday morning for the start of a high-stakes summit that runs through Friday.
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President Donald Trump discussed the Iran war and the blockade of the Strait of Hormuz during a summit with President Xi Jinping, Secretary of State Marco Rubio told NBC News in an interview Thursday.
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At the summit, the Chinese leader placed Taiwan, a key point of friction between the U.S. and China, at the center, calling it "the most important issue" between the two countries.
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The Trump administration said it was anticipating a reply from Tehran on its latest terms for ending the war. Iran said the U.S. proposal is still under review.
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