Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
Five years after Lehman's failure nearly toppled the financial system, the Federal Reserve is preparing to take a step back from one of the extraordinary programs it launched to save the economy, a move that has been and could continue to be wrenching for markets.
The Federal Reserve is expected to announce its first move to taper its $85 billion in monthly bond buying when its two-day meeting ends Wednesday. While the Fed is seen curbing bond purchases by an initial $10 to $15 billion — a relative baby step compared to the massive amount of stimulus applied — it sends an important message that the Fed is moving toward a normalization of rates and expecting a more normal economy.
"We have come a long way, and we often forget how far we've come. At the heart of the crisis, people didn't think there was a tomorrow. Now we know, there's a tomorrow. We just don't know how strong it is," said Diane Swonk, chief economist at Mesirow Financial. "Sometimes the cure has its own dangers and you have to look at those tradeoffs. That's where the Fed is. Is the cure good enough for the risks?"
The Fed's bond buying, which has ballooned its balance sheet to $3.6 trillion, has been criticized for adding too much easy money to the economy and over-inflating the stock market. Just talk of a pullback in the Fed's quantitative easing program prompted a swift move up in Treasury yields, and also mortgage rates. Stocks reacted negatively at first to the higher rates, but the pain across emerging markets was much more intense as capital took flight. U.S. stocks have largely recovered, with the now just about 1.2 percent from its all-time high.