Trump-Xi meeting: US president says rare earths deal and tariff reduction agreed in crunch trade talks

US Energy Secretary Chris Wright is set to travel to Asia soon, following President Trump's announcement that China will increase its purchase of US energy as part of a trade agreement. This development is significant as it not only strengthens US-China trade relations but also highlights the growing importance of energy exports in the global market. Additionally, Wright's discussions on meeting electricity demands for artificial intelligence and energy exports to Europe indicate a forward-thinking approach to energy management.

In a significant diplomatic breakthrough, the leaders of the US and China have agreed to a one-year trade truce following talks between Trump and Xi at a summit in South Korea. This agreement postpones export restrictions on critical materials like rare earths and semiconductors, which are vital for various industries. This truce not only eases tensions between the two economic giants but also provides a much-needed stability in global markets, benefiting businesses and consumers alike.

The recent meeting between Donald Trump and Xi Jinping in South Korea signals a potential shift in the ongoing trade tensions between the U.S. and China. While the outcome leans more towards a truce rather than a lasting peace, it highlights the necessity for both nations to engage diplomatically. This meeting is significant as it may pave the way for improved relations and a more stable economic environment, which is crucial for global markets.

Hershey's recent report shows a decline in third-quarter profits, primarily due to rising cocoa costs driven by tariffs and poor harvests in West Africa. This situation is significant as it highlights the challenges faced by major chocolate manufacturers in maintaining profitability amidst fluctuating commodity prices, which could impact product pricing and availability for consumers.

China has announced a temporary pause on its controls over rare earth exports, a move that could significantly impact global supply chains. Rare earth elements are crucial for various technologies, including electronics and renewable energy. This pause may provide relief to manufacturers who rely on these materials, but it also raises questions about the future of trade relations and market stability. Understanding this development is essential for businesses and investors alike, as it could influence pricing and availability in the coming months.

In a significant diplomatic move, US President Donald Trump and Chinese leader Xi Jinping met in South Korea, resulting in a 10 percent cut in US tariffs and a one-year delay on China's rare-earth export controls. This development marks a limited but hopeful step towards easing the ongoing trade tensions between the two nations, which have been affecting global markets. Additionally, the US central bank has cut interest rates for the second time this year, reflecting concerns over economic stability amid the government shutdown. These actions could foster a more cooperative economic environment.

This Halloween, candy lovers are in for a fright as prices are set to rise by 10.8%, with some chocolate treats seeing increases of at least 20%. This surge is largely attributed to Donald Trump's tariffs and the impacts of climate change, making it more expensive to enjoy the holiday's sweet traditions. As families prepare for trick-or-treating, the rising costs could dampen the festive spirit, highlighting the broader economic challenges that affect everyday life.

Kimberly-Clark reported a significant 51% drop in profit for the third quarter, primarily due to divestitures and business exits, alongside the impact of recent tariffs. Despite this decline, the company saw a slight increase in organic sales, indicating some resilience in its core operations. This news is important as it highlights the challenges faced by major corporations in navigating market pressures while still managing to grow sales.

Meta is making headlines with its ambitious plan to raise at least $25 billion through a bond sale, which could significantly bolster its financial position. This move, involving a dollar-bond sale structured in up to six parts with varying maturities, reflects Meta's confidence in its long-term strategy and market conditions. It's a noteworthy development for investors and the tech industry, as it showcases Meta's commitment to growth and innovation.

Meta is reportedly looking to raise at least $25 billion through a bond offering, according to Bloomberg. This move is significant as it reflects the company's strategy to bolster its financial position amid ongoing market challenges. By tapping into the bond market, Meta aims to secure funds that could be used for various initiatives, including investments in technology and potential acquisitions.

Marine Products reported disappointing earnings for the third quarter of 2025, leading to a decline in their stock price. This miss highlights ongoing challenges in the market and raises concerns among investors about the company's future performance. Understanding these financial results is crucial as they can impact investor confidence and the overall market sentiment.

Roblox has reported a wider loss for the third quarter, but the company is optimistic as it raises its revenue forecast due to strong growth driven by popular video gaming trends. This is significant because it indicates that despite the losses, the demand for Roblox's platform is increasing, suggesting a bright future for the company as it capitalizes on these gaming crazes.

ABVC BioPharma's board has approved a new performance incentive plan that is linked to achieving a $1 billion market cap. This move is significant as it aligns the interests of the company's management with those of its shareholders, potentially driving growth and innovation in the biopharma sector. By setting ambitious targets, ABVC aims to enhance its market position and attract further investment, which could lead to advancements in their product pipeline.

Kazakhstan is engaging in discussions with Exxon Mobil Corp. regarding the expansion of the Kashagan oil field, which is significant as it holds untapped potential for increased oil production. This collaboration could enhance Kazakhstan's energy sector and boost its economy, making it a noteworthy development in the global oil market.