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
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread 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
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...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
JPMorgan Chase Chairman and CEO Jamie Dimon's contention that some "lazy" shareholders rely on advisory services to inform votes shows an "outdated" attitude, a leading advisory policymaker said Thursday.
"That perspective is really outdated. That doesn't really happen any longer," said Robert McCormick, chief policy officer at shareholder advisory firm Glass Lewis, in a CNBC "Power Lunch" interview.
At JPMorgan's annual meeting last week, only 61 percent of votes cast endorsed the bank's executive compensation. Thirty-six percent backed plans to separate Dimon's dual position into multiple posts after he leaves.
Dimon on Wednesday decried shareholders' perceived reliance on recommendations from Glass Lewis and Institutional Shareholder Services.
"God knows how any of you can place your vote based on ISS or Glass Lewis," Dimon said. "If you do that you are just irresponsible, I am sorry. And, you probably aren't a very good investor, either. I know some of you here do it because you are lazy."
McCormick contended that many mutual funds or pension funds use a variety of sources to inform voting decisions. He added that JPMorgan is a large enough company that shareholders need more information to take a stance on corporate issues.
Calling institutional investors lazy is "harsh," said Dan Laddin, senior partner at executive pay consulting firm Compensation Advisory Partners, in a "Power Lunch" interview on Thursday. However, he noted that they "have an obligation to make an assessment on their own."
He added that, while larger investors may have the resources to evaluate proxy votes on their own, smaller operations often have to rely on firms such as CSS and Glass Lewis.
—Reuters contributed to this report.