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
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On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
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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
More than a year after Hurricane Sandy devastated swaths of the East Coast, the impact of the worst storm in generations is still being felt. Much of Atlantic City's iconic boardwalk, parts of which were crushed by the storm, has been revitalized. Still, many small businesses are still feeling Sandy's after-effects.
With the start of the U.S. hurricane season just days away, New Jersey is still grappling with the issue of who pays for storm recovery—and how much. Some parts of the country have already been walloped by extreme weather, a timely reminder of the devastation a single storm could wreak on a still recovering region.
Sandy was blamed for , according to The Associated Press. Meanwhile, some are estimating the economic impact of the storm to be
In New York, the state legislature passed property tax relief for Hurricane Sandy victims. Across the river in New Jersey, state officials are debating whether millions in federal recovery funds were allocated properly.
Updated May 22, 2014
It's hard to tell now, but this historic area of Atlantic City's boardwalk was once splintered by the force of Sandy. The area has staged a comeback since 2012, when the hurricane battered Jersey's South Shore.
New taxi cabs are seen in a parking lot as flood waters recede on Oct. 31 in Hoboken, N.J.
People walk near the remains of burned homes after Hurricane Sandy on October 31 in the Breezy Point neighborhood of the Queens, New York.
Homes smolder on Oct. 30 in the Breezy Point neighborhood of the Queens, in New York City. More than 100 homeswere reportedly destroyed in a fire during the storm.
A sporting goods and camping store displays its message in the aftermath of Hurricane Sandy on Oct. 30 in Huntington Station, N.Y.
In this handout image provided by the U.S. Coast Guard, homes are flooded in Tuckerton, N.J. after Hurricane Sandy made landfall on the southern New Jersey coastline.
A car is buried in sand that was washed in from Hurricane Sandy on October 31 in Long Beach Island, New Jersey.
Residents survey the damage after Hurricane Sandy on Oct. 30 in Ocean City, N.J.
A giant tree rests on the home in the Beverly Hills neighborhood in Alexandria, Va., on Oct. 30. Neighbors said the owners left after the tree fell during the storm.
A street sign stands near apartment buildings that flooded and destroyed large sections of the Boardwalk on Oct. 30 in Atlantic City.
Damaged homes surrounded by floodwater in Mantoloking, N.J.
Cars sit in floodwaters in Toms River, N.J., on Oct. 30.
Damage to South Ferry station of the No. 1 subway line in lower Manhattan following superstorm Sandy.
A man pedals a bicycle to generate electricity so residents can charge their cell phones in New York's east Village neighborhood Oct. 30.
A destroyed car sits near burnt homes and businesses on Oct. 30 in the Rockaway section of the Queens.
An emergency responder navigates a boat down a flooded street in Little Ferry, N.J., on Oct. 30.
A statue of a firefighter stands in front of a home destroyed by fire in the Rockaway section of Queens on Oct. 30.
Firefighter Chris Vliet walks away from a beach front home on Oct. 30 in Ocean City, N.J.
Cars floating in a flooded basement garage on Oct. 30 in New York's Financial District.
A man surveys a flooded store in New York's Financial District.
Firefighters work on Oct. 30 to contain a fire that destroyed about 100 homes in the Breezy Point neighborhood of the Queens.
Rising water caused by Hurricane Sandy rushes into a subterranian parking garage on Oct. 29 in the Financial District of New York.
Cleaning up at New York's South Street Seaport on Oct. 30, the morning after Sandy slammed ashore in New Jersey.
Sam Rigby walks by a downed tree that grazed his house and hit his neighbor's house on Oct. 30 in Washington, D.C.
Water rushes into the Carey Tunnel (previously the Brooklyn Battery Tunnel), caused by Hurricane Sandy in the Financial District of New York.
Destroyed sections of Atlantic City's Boardwalk are seen on the beach on Oct. 30.
A man wades through the water to speak with the National Guard about his submerged car in Ocean City, Md., hours after Hurricane Sandy made landfall.
Water floods the Plaza Shops in the wake of Hurricane Sandy on Oct. 30 in Manhattan.
Kim Johnson inspects the area around her flooded Atlantic City apartment building. Johnson fled when the water began to rise on Monday.
The aftermath of flooding following Hurricane Sandy in New York's Financial District.
A car is crushed by a tree following Hurricane Sandy in New York's Financial District.
A downed power line, knocked over by a falling tree, is seen in the wake of Hurricane Sandy on Oct. 30 in Chevy Chase, Md.
A public worker shovels debris from the streets in Ocean City, Md., hours after Hurricane Sandy made landfall.
Firefighters evaluate the scene of an apartment building after its facade collapsed on Oct. 29 in New York.
Part of a crane boom is seen hanging off a luxury high-rise under construction on West 57th Street in Manhattan.
A replica of the HMS Bounty is submerged in the Atlantic about 90 miles southeast of Hatteras, N.C., on Oct. 29. Of the 16-person crew on the 180-foot sailboat, the Coast Guard rescued 14, recovered a woman who was later pronounced dead and were searching for the captain. The ship was built for the 1962 film "Mutiny On The Bounty" and was used in "Pirates Of The Caribbean."
Waves crash over Winthrop Shore Drive as Hurricane Sandy hits Winthrop, Massachusetts.
Another angle of the waves crashing over Winthrop Shore Drive as Hurricane Sandy approaches.
A street scene in Atlantic City as Hurricane Sandy approaches. Gov. Chris Christie's emergency declaration shut down the city's casinos, and 30,000 residents were ordered to evacuate.
Flood waters from Hurricane Sandy cover the street, Dewey Beach, Del.
Water washes up on the promenade on the Hudson River near Battery Park as New Yorkers prepared for Hurricane Sandy. Much of the eastern United States was in lockdown mode awaiting the arrival of a hurricane dubbed "Frankenstorm."
A sailboat smashes on the rocks after breaking free from its mooring on New York's City Island on Oct. 29.
People walk across Beach Avenue in Cape May, N.J., as flood waters from Hurricane Sandy rush in prior to the storm making landfall.
Rough surf as water washes across Beach Avenue in Cape May.
A flooded street between two casinos along the Boardwalk before the arrival of Hurricane Sandy in Atlantic City.
People make their way up a flooded Guy Lombardo Avenue as high tide and wind from Hurricane Sandy combine to flood the Long Island town of Freeport. The storm, which threatens 50 million people in the eastern third of the U.S., is expected to bring days of rain, high winds and possibly heavy snow in higher elevations.
A man walks down a flooded street ahead of Hurricane Sandy in Atlantic City. New Jersey Governor Chris Christie's emergency declaration shut down the city's casinos, and 30,000 residents were ordered to evacuate.
An ambulance drives down 164th Avenue in the New York City borough of Queens. Gov. Andrew Cuomo announced the closure of all New York City bus, subway and commuter rail service as of Sunday evening.
Waves crash against the shore while a person stands on a porch as Hurricane Sandy moves up the coast in Montauk, N.Y.
A tree fell as Hurricane Sandy approached East Boston, hitting a home on Waldemar Avenue. No one was injured, but a kitchen window was broken, according to residents.
A photographer in Chicago shoots waves generated from the remnants Hurricane Sandy as they crash into the shoreline of Lake Michigan on Oct. 30. Waves up to 25 feet high generated by winds up to 50 mph were expected on the lake.
Waves crash against a previously damaged pier before landfall of Hurricane Sandy in Atlantic City, New Jersey.
A woman walks down the promenade along the East River in New York as Hurricane Sandy prepares to make landfall.
People walk by downed branches as Hurricane Sandy begins to affect the Brooklyn borough of New York City.