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
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
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
The Obama administration said Tuesday that budget negotiators in Congress would probably fail to strike a far-reaching deal unless Republicans agree to raise revenues and overhaul the tax code.
A 29-member congressional committee is trying to set spending levels for the fiscal year that began last month, and many lawmakers want to scrap large spending cuts that started in March.
(Read more: Obamacare may need a taxpayer bailout: Ex-HHS head)
The discussions, however, are hung up on differences regarding America's programs for elderly health care and its Social Security pension system, which many economists warn cannot be funded over the long term under current tax policies.
While President Barack Obama is not officially a part of this process, Treasury Secretary Jack Lew said the administration feels an overhaul of America's welfare state should not happen without rewriting tax laws and raising federal revenues. Republicans generally oppose any tax hikes.
"I don't want to get ahead of the budget conferees,'' Lew told a business panel, saying the lawmakers could produce something "small, medium or large.''
But if Republicans don't embrace tax reform and higher revenues, he said, "then something large is not likely.''
Last week, budget negotiators said they were still far from an agreement and put off scheduling any other public meetings.