Writing the summary…
Here's what happens to the economy when Treasury yields soar like they are now
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Trump faces Xi as strains with allies complicate U.S. pressure on China
As Trump prepares to meet Xi, strains with U.S. allies are complicating Washington’s efforts to marshal pressure against an increasingly resilient China.
CNBC
As Trump and Xi meet, Chinese automakers could be a Pandora's box for U.S. auto industry
Trump’s meeting with Xi comes as U.S. automakers and lawmakers push to keep restrictions on Chinese vehicles and manufacturers.
BBC Business
Lidl banned from selling copycat Birkenstock sandals, Dutch court rules
Lidl must also compensate Birkenstock and pay its legal fees, according to the court ruling
CNBC
Judge hears arguments on Trump White House media ban, hopes to rule 'soon'
The DOJ on Tuesday night cited national security concerns in justifying President Trump's ban of MS NOW, CNN and Politico from the White House.
CNBC
Meta's standoff with Amazon over Muse could be a sign of things to come
Meta's new Muse AI personal agent is garnering excitement and shows signs of becoming a hit, but Amazon has blocked the app from its site.
CNBC
Surging Treasury yields, big bond losses offer sizable tax savings opportunity to investors
Don’t wait until December: The bond market selloff has opened a tax-loss harvesting opportunity for investors to offset big gains from stocks.