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Over the Hexi Corridor, a ribbon of fertile land on the edge of the Gobi Desert blessed by the Yellow River in western China, a gleaming forest of wind turbines and solar farms stretches to the horizon.This is Gansu, China’s renewables frontier, a major source of wind and solar energy. And yet, just beyond the dunes, another giant stirs.At the Changle Power Plant, turbines roar to life as another 1-gigawatt coal unit comes online – six reactors now pulsing with the energy that could meet the needs of a small nation.This two-pronged strategy positions coal-fired thermal power as a safety…

Concerns about stock valuations in companies tied to artificial intelligence knocked the market around this week. Whether these worries will recede, as they did Friday, or flare up again will certainly be something to watch in the days and weeks ahead. We understand the concerns about valuations in the speculative aspects of the AI trade, such as nuclear stocks and neoclouds. Jim Cramer has repeatedly warned about them. But, in the past week, the broader AI cohort — including real companies that make money and are driving what many are calling the fourth industrial revolution — has been getting hit.…

The first test for a much-celebrated US–China trade truce is looming.US Treasury Secretary Scott Bessent hopes to finalise a rare earth deal by next week’s Thanksgiving holiday, but experts say a breakthrough is unlikely as the two sides maintain sharply different narratives of what was discussed and agreed on key issues.From rare earths to soybeans, three weeks after the leaders of the two global powers were photographed smiling and shaking hands after a meeting on the sidelines of the Asia-Pacific Economic Cooperation summit in South Korea, there is still no joint document, no shared press release and no text that…

Ridiculously high beef prices are a big problem at portfolio name Texas Roadhouse and many of its casual dining peers. The White House wants to help lower costs. But can it make a difference? Facing increasing political pressure over rising food costs, President Donald Trump has taken many steps to address the issue. On Thursday, Trump removed 40% tariffs on Brazilian food products, including beef and coffee. Last Friday, he exempted many agricultural imports, including certain beef products, from higher tariff rates. A day earlier, the White House announced trade agreements with several Latin American nations — including Argentina, from…

After months of heavy hedging triggered by the tariff shock that rattled the dollar earlier this year, foreign investors who rushed to protect their U.S. holdings against further depreciation are now slowing those efforts sharply — a vote of confidence that has helped the dollar rebound from its worst slump in years.   Analysts stress that hedging levels remain above historical norms, but activity has clearly retreated from the peak reached immediately after “Liberation Day” on April 2, when President Donald Trump announced sweeping trade tariffs.   At that time, foreign investors holding U.S. assets faced a double blow: falling…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 and Nasdaq fluctuated Friday as the indexes try to bounce back from Thursday’s AI-stock-related rout. Jim Cramer called Thursday’s nosedive “jarring.” Friday, however, investors were enthused by remarks from New York Fed President John Williams, who suggested a chance for a December interest rate cut. According to the CME FedWatch tool, the likelihood of a rate cut next month spiked to roughly 73%, up from just 39% the day before.…

After months of heavy hedging triggered by the tariff shock that rattled the dollar earlier this year, foreign investors who rushed to protect their U.S. holdings against further depreciation are now slowing those efforts sharply — a vote of confidence that has helped the dollar rebound from its worst slump in years.   Analysts stress that hedging levels remain above historical norms, but activity has clearly retreated from the peak reached immediately after “Liberation Day” on April 2, when President Donald Trump announced sweeping trade tariffs.   At that time, foreign investors holding U.S. assets faced a double blow: falling…

After months of heavy hedging triggered by the tariff shock that rattled the dollar earlier this year, foreign investors who rushed to protect their U.S. holdings against further depreciation are now slowing those efforts sharply — a vote of confidence that has helped the dollar rebound from its worst slump in years.   Analysts stress that hedging levels remain above historical norms, but activity has clearly retreated from the peak reached immediately after “Liberation Day” on April 2, when President Donald Trump announced sweeping trade tariffs.   At that time, foreign investors holding U.S. assets faced a double blow: falling…

KYIV, Ukraine (AP) — An American proposal to end the war in Ukraine puts the country in a delicate diplomatic position — caught between placating its most important ally, the United States, and not capitulating to Russia, its much larger neighbor that launched a full-scale invasion nearly four years ago.The 28-point peace plan was crafted by U.S. President Donald Trump’s administration and the Kremlin, without Ukraine’s involvement. It acquiesces to many Russian demands that Ukrainian President Volodymyr Zelenskyy has categorically rejected on dozens of occasions, including giving up large pieces of territory.Russian President Vladimir Putin welcomed the proposal late Friday,…

My top 10 things to watch Friday, Nov. 21 1. The S & P 500 is headed for a higher open this morning after New York Federal Reserve President John Williams suggested that the central bank could lower interest rates again next month. Expectations for a 25-basis-point rate cut at the December meeting jumped to 70% right after his comments, a huge increase from the roughly 39% odds Thursday, according to the CME FedWatch tool . The stock market is coming off a brutal reversal during yesterday’s session. The S & P 500 is still on track for a big…