Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide.
"The models they built are fantastic, but they aren't miracles either," said Bernstein analyst Stacy Rasgon, who follows the semiconductor industry and was one of several stock analysts describing Wall Street's reaction as overblown.
The shock to financial markets came from China, where a company called DeepSeek said it had developed a large language model that can compete with U.S. giants but at a fraction of the cost.
Ernst declined Thursday to commit to supporting Hegseth, who faces allegations of sexual impropriety, financial mismanagement, public drunkenness and other personal misconduct.
The policy change will be carried out over 15 years, with the retirement age for men raised to 63 years, and for women to 55 or 58 years depending on their jobs. The current retirement age is 60 for men and 50 for women in blue-collar jobs and 55 for women doing white-collar work.
Four Cornell College instructors stabbed last week during trip to a park in China have been reunited with family members or have continued with their previously scheduled summer travel plans.
One of four Cornell College instructors stabbed Monday in the northeast Chinese city of Jilin, where they were teaching, is on his way home.
The measure, which Gov. Kim Reynolds called for in her annual Condition of the State address in January, sailed through the Legislature with unanimous support in February.
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The labor council also endorsed the Cedar Rapids Community School District bond referendum.
SAN DIEGO (AP) — Two U.S. Navy sailors were charged Thursday with providing sensitive military information to China — including details on wartime exercises, naval operations and critical technical material.
From seed theft to missile defense, Iowa’s Hinson and Ernst discuss threat from China
Chinese ownership of U.S. farmland increased from $81 million in 2010 to $1.87 billion in 2021, the USDA reported.
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