President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
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
Americans are spending more money dining out than in grocery stores for the first time since 1992, and the shift is all about demographics, according to FTN Financial chief economist Chris Low.
That's because the baby boomers are trying to save money by eating in.
"They undersaved for retirement. They're eating in more. But there are more millennials than there are boomers," he said in an interview with "Closing Bell. "
Millennials "tend to be frugal but they also tend to live in cities and they like to eat out. They like to customize their food."
In addition, they use apps like GrubHub and Seamless to have meals delivered.
The new data, released by the Commerce Department on Tuesday, shows food services and drinking places took in about $50.4 billion in March, compared with $50 billion spent in grocery stores. The shift was first reported by Bloomberg.
While millennials tend to eat fast food when they dine out, Low thinks there will be a growth in spending down the road.
As for the overall retail sector, Low thinks the news is a positive sign.
"This is one of the elements that makes me optimistic retail is going to come back in the second quarter," he said.