US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
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 
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 
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.
