Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
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
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread 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
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
Investors increasingly feel that the market is overvalued and a financial crisis is possible, Nobel Laureate Robert Shiller told CNBC's "Squawk Box" on Tuesday.
Shiller's Cyclically Adjusted Price-Earnings (CAPE) ratio, which measures whether the market is fairly valued, is tied with the precrisis peak in 2007, indicating that stocks are overvalued, he said. A separate survey conducted by Shiller found that both individual and institutional investors feel the market is overpriced. Shiller said it hasn't been this bad since 2000.
"Over the recent years, the decline in confidence in the valuation of the market has been striking," he said.
At the same time, Shiller's Crash Confidence Index indicates a drop in confidence among investors that we will not experience a 1929-style crash. He cautioned he wouldn't make too much of the reading, saying the number has "wiggled around," but overall confidence in the stability of the financial market is pointing downward.
Even with a CAPE ratio of 27—a reading above 25 indicates overvaluation—the expected return on equities is still higher than one can expect to get on real estate or fixed incomes, said Shiller. He said he wouldn't over-invest in the market, but he wouldn't advise getting out either.