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
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread 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
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Ford's better-than-expected September sales combined with an 11 percent dip in business last month for General Motors has closed the gap between America's top two automakers. In fact, General Motors outsold Ford by just 2,049 vehicles in the U.S. last month. That's close enough that it raises the question of whether Ford has the ability to catch General Motors and become the best-selling automaker in America.
Kurt McNeil, vice president of U.S. sales for GM, said he isn't worried. "You've got to take a little longer view on it. Some of our competitors were extremely aggressive in the incentive spend," said McNeil. "If you look at the quarter we were up 13 percent. The industry was up 10 percent."
Few in the industry expect Ford to catch General Motors anytime soon, mainly because it doesn't have as much capacity in North America. That said, Ford has been steadily closing the gap with GM and many believe that will continue to be the case in the near future.