News Snapshot:
What does Blinken’s visit to China mean for business? Worries about China’s economic recovery sent stocks and U.S. futures lower on Tuesday morning, despite a promising meeting on Monday between the country’s top leader, Xi Jinping, and Secretary of State Antony Blinken in Beijing. The discussions raised hopes that the world’s two biggest economies might stabilize relations, but the market reaction points at the deeper challenges for policymakers and business. The mood music was positive. Xi said the two sides had “made progress” and President Biden told reporters in California that Blinken had done “a hell of a job.” But...