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
Separately, in a sign of the industry's rapid consolidation, The Wall Street Journal reported that Aetna was making a takeover proposal to Humana—a key player in Medicare. The paper reported last month that the company has been approached by both Aetna and Humana.
Anthem has now made four separate offers for its competitor, but Cigna has rebuffed the company's entreaties. As other health care companies strike deals, Anthem hiked its offer to a proposed premium of 35.4 percent of Cigna's closing price on May 28.
In its latest offer, Anthem indicated that its willingness to strike a deal was running out, calling Cigna's demands "unreasonable."
"Anthem expresses frustration with and urges Cigna's board of directors to drop unreasonable governance demands in light of the significant premium being offered and return to negotiations to reach a mutually agreed upon transaction," Anthem said in a statement.
Aetna closed the session Friday at $124.07, while Humana was up about $3 over $202. Cigna finished the session down $1.11 at $155, and Anthem down marginally at $165.06.