Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
U.S. producer prices unexpectedly fell in May as costs declined broadly, indicating inflation pressures remained benign.
The Labor Department said on Friday its producer price index for final demand slipped 0.2 percent, braking sharply from April's 0.6 percent increase, which was the largest gain in 1-1/2 years.
Economists polled by Reuters had forecast producer prices rising 0.1 percent.
The department revamped its PPI series at the start of the year to include services and construction. The series has become volatile because of big swings in prices received for trade services, making it hard to get a good read on inflation.
Wholesale prices had hinted at some pick-up in inflation pressures in recent months. But Friday's report suggested that inflation at the factory gate remained tame.
In the 12 months through May, prices received by the nation's farms, factories and refineries rose 2.0 percent, moderating from April's 2.1 percent gain.
Wholesale food prices fell 0.2 percent after increasing for four consecutive months, while gasoline prices fell 0.9 percent.
Prices received for services at the final demand level also fell 0.2 percent after gaining 0.6 percent in April.
Producer prices excluding food and energy slipped 0.1 percent in April after advancing 0.5 percent the prior month.
In the 12 months through May, the core PPI for final demand rose 2.0 percent, adding to the 1.9 percent gain in the period through April.