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CNBC Daily Open: Strong bank earnings seem to overshadow escalating trade war

Whether traders continue pushing equities to highs amid fractious relations with China will depend, in part, on the earnings of major technology companies.

China has been using its dominance in the rare earth industry to slash prices, driving foreign competitors out, U.S. Treasury Secretary Scott Bessent told CNBC on Wednesday stateside in an exclusive interview. He characterized the country as having “… [3231 chars]

Source: CNBC | Published: 2025-10-16T01:53:22Z

Credit: CNBC

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