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
Stocks could march into record territory in the week ahead—unless the economy starts to look too strong, or then again, too weak.
Friday's April employment report was so so, showing a rebound in job growth to 223,000, but slower wage growth at just a tenth of a percent. That improvement over March's 85,000 jobs allayed some market concerns about a sluggish economy, but wage growth was just weak enough for traders to bet the Fed will hold off from raising interest rates a little longer.
"That puts stocks in a hard place, where good news could be bad and bad news could be bad ... I think it's a tight window for Goldilocks, given where earnings are," said Jim Paulsen, chief investment strategist at Wells Capital Markets. "Goldilocks" is used to describe a market scenario where the data are not too strong to cause overheating, or in this case to encourage a Fed rate hike, or is not so weak as to signal a real economic slowdown.