Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Federal Reserve still needs to push hard against threats to the U.S. economic recovery, and fiscal uncertainties in particular "loom very large right now," an influential Fed policymaker said on Monday.
New York Fed President William Dudley defended the U.S. central bank's shock decision last week not to trim its aggressive bond-buying, arguing in a speech that any changes to the quantitative easing program mush be based on the most recent measures of economic health.
(Read more: CNBC explains the taper)
A close ally of Fed Chairman Ben Bernanke, Dudley highlighted the drags from the sharp recent rise in longer-term interest rates, higher taxes and lower public spending adopted earlier this year, and questions over the U.S. debt limit and government funding as Congress meets this autumn.
Dudley also said the Fed could "wait a long time" to raise interest rates once the unemployment rate hits a 6.5 percent threshold.
The Federal Reserve is considering adopting a possible new reverse repurchase facility not to foreshadow a change in monetary policy but to help the U.S. central bank adjust policy when the time is right, and to get a better grip on overnight interest rates, Dudley also said.
"I want to dispel any misconceptions about why we are doing this testing," said Dudley, whose Fed branch is testing and would run the facility, talk of which surfaced in minutes of the Fed's July policy meeting.
"The introduction of this facility is not a precursor to a change in the stance of monetary policy," he said in a speech. "Instead, the goal of this new facility is to improve our control over overnight interest rates to aid us in the implementation of monetary policy."
(Read more: Insurance for a standoff)
Dudley was not the only Fed official speaking Monday morning, though.
U.S. labor productivity has slipped and the trend in monthly new job creation appears to have slowed, Atlanta Fed president Dennis Lockhart said on Monday, warning that this was a call to action to reverse a worrying trend.
"Is America losing its economic mojo? There is some evidence to the affirmative," Lockhart told a conference on creative leadership.