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
The U.S. stock market is one of the most expensive in the world right now, Nobel Prize-winning economist Robert Shiller warned Wednesday.
Measuring valuations with his cyclically adjusted price-to-earnings index—which is price divided by 10-year average earnings—the Yale University professor said, "My CAPE index ... is higher than it's been, except 1929, 2000 and 2007," ominous years for the market.
Despite the high valuations, Shiller told CNBC's "Squawk Box " that he does have personal investments in U.S. stocks, but warned of being too overexposed. "Some people are not very diversified internationally. This is a good time to rethink that."
He stopped short of calling a bubble in the U.S. stock market, but said, "The public [also] worries that the stock market is overpriced."
"Their confidence in the level in the market is at its lowest since 2000," said Shiller—referring to his research into investor expectations.
He did acknowledge that sometimes investor sentiment can be a contrary indicator—citing the late 1990s leading up to the dot-com crash as an example. Bubbles can be formed "when people think it's time to get in, even though it's overpriced."
Moderate increases in home prices may continue for a year or so, said Shiller. "[But] I don't think this is a flaming bubble."
In fact, "the housing market has had diminishing momentum," the economist told CNBC on Wednesday, a day after his namesake S&P/Case Shiller index showed home prices in 20 big cities rose 4.9 percent year over year in April.
"It's down to just kind of average performance," he said. "We saw a bottoming out of the housing market in most U.S. cities around 2012. And then we saw really rapid increases ... [which are] starting to fade."
One of the factors supporting home prices is the lack of supply, Shiller added. "Construction is still not very high."