US stock futures wavered as Wall Street digested the progress on US-China trade negotiations, a fresh legal ruling on President Trump tariffs, and braced for the release of the May inflation report.

Oil prices fell in early trade on Wednesday as markets were assessing the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market.

One expert said he expected loosened controls on U.S. exports of semiconductors in exchange for China's releasing of more rare earths.

Asian shares are mostly higher as investors keep an eye on China-U.S. trade talks that might help stave off a recession.

[CNBC] Asia-Pacific markets set to mostly climb after Wall Street gains on optimism over U.S.-China trade talks progress This is CNBC's live blog covering Asia-Pacific markets.

Mike Vrabel and the New England Patriots have high expectations heading into the 2025 NFL season. After a brutal 2024 campaign that saw Jerod Mayo lose his head coaching job after just one year, the Patriots have been busy this offseason.

Trade talks between the US and China resumed on Tuesday after six hours of discussions between top officials in London on Monday. Tuesday's talks are expected to continue to focus on easing tensions over rare earths and tech.

As U.S. and Chinese negotiators meet for trade talks, a primary concern for Washington will be whether Beijing eases the flow of rare earth materials.