Anniek Bao

3 days ago | nbcchicago.com | Anniek Bao |Evelyn Cheng

• U.S. President Donald Trump said on Wednesday that China's President Xi Jinping was "extremely hard" to make a deal with. • A senior White House official told CNBC earlier on Monday that Trump and Xi are likely to speak this week. U.S. President Donald Trump said on Wednesday that China's President Xi Jinping was "extremely hard" to make a deal with, at a time when the White House has been suggesting the two leaders could talk this week.

3 days ago | flipboard.com | Anniek Bao |Evelyn Cheng

12 hours agoElon Musk has hit out at President Donald Trump's signature tax and spending bill, describing it as a "disgusting abomination", in a widening rift between the two allies. The budget - which includes multi-trillion dollar tax breaks and more defence spending while also allowing the US government to …

1 week ago | nbcwashington.com | Lee Ying Shan |Anniek Bao

Timothy A. Clary | Afp | Getty Images The cost of insuring exposure to U.S. government debt has been rising. Investors are pricing in the increased concerns around the unresolved debt ceiling, several industry watchers said. The surge in CDS prices is likely a "short-lived" reaction while traders wait for a new budget deal to raise the debt limit. Investors are getting nervous the U.S. government might struggle to pay its debt - and they are snapping up insurance in case it defaults.

2 weeks ago | nbcchicago.com | Anniek Bao |Evelyn Cheng

• Retail sales rose 5.1% from a year earlier in April, missing analysts' estimates of 5.5% growth, according to a Reuters poll. Sales had grown by 5.9% in the previous month. • Industrial output grew 6.1% year on year in April, stronger than analysts' expectations for a 5.5% rise, while slowing down from the 7.7% jump in March. • Fixed-asset investment for the first four months this year, which includes property and infrastructure investment, expanded 4.0% from a year earlier.

4 weeks ago | flipboard.com | Anniek Bao |Lim Hui Jie

NowCNN — As Trump administration officials prepare to meet with Chinese officials in Geneva this weekend, it’s tempting to believe the momentum from the United Kingdom trade deal announcement on Thursday will carry over. Don’t hold your breath. “I’m keeping my expectations in check. Tariffs are high. …