The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread 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
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
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
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
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread 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
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stressed about money and stumped about where to turn: This describes a good chunk of today's millennials. Nearly 1 in 4 say they trust "no one" for money advice, according to a new study from Fidelity Investments.
The company's first-ever "Millennial Money" study, which surveyed 152 adults aged 25 to 34, found nearly 4 in 10 millennials worry about their financial futures at least once per week—no surprise since many in this generation carry heavy student loan burdens and have seen relatives bear the brunt of the housing downturn and recession.
Read MoreMajor debt shift for millennials
"Feeling financially 'on their own' about finances could also be fallout from the Great Recession, since many Gen Y-ers witnessed their parents and grandparents struggle with the impact of job losses, tighter budgets, and/or declining retirement accounts," said Kristen Robinson, senior vice president at Fidelity Investments, in a press release.
About a third said they trust their parents most for information on money, but many reported a real lack of communication with their parents about their finances. Almost half reported never receiving financial advice from their parents.
Despite a high level of concern about their financial future, there's a silver lining for these millennials. Nearly half of them are already socking money away for retirement.
"This trend toward saving is encouraging, especially since the oldest of this generation are now juggling competing demands, such as saving to buy a house, raising a family or starting a college fund for their own children," Robinson said.