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
U.S. stock index futures came off highs on Wednesday, with the Dow futures dipping into negative territory, as investors digested disappointing data that showed consumer spending remained muted despite warmer weather and lower gas prices.
Retail sales data for April was flat, with the ex-autos figure up just 0.1 percent, below estimates of a 0.5 percent gain. Expectations were for the data to show modest growth, partly due to the warmer weather.
Yields climbed after briefly declining on the data. The U.S. dollar fell to session lows, while the euro crept higher to above $1.13.
Besides retail sales, business inventories for March are due at 10 a.m.
Macy's reported earnings that missed expectations, citing negative factors of West Coast port issues, winter weather and decreased spending by international tourists. The firm increased its dividend by 15 percent and raised its share repurchase authorization by $1.5 billion.
Owens-Illinois is buying the food and beverage glass container business of Mexico's Vitro for $2.15 billion in cash. Vitro is the largest supplier of glass containers in Mexico.
U.S. benchmark 10-year Treasury yields fell on Wednesday to trade around 2.22 percent, after choppy trading Tuesday in which yields rose as high as 2.36 percent.
European equities were higher in morning trade on Wednesday with investors reacting to corporate earnings, higher oil prices and new economic data from the euro zone.
Growth figures for the euro zone came in at 0.4 percent for the first quarter of 2015, below market estimates, but overtaking the U.S. Germany's growth figures also came in below expectations. Elsewhere, Greek figures showed that the struggling nation was back in a technical recession.