"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
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U.S. stock futures turn lower after word that China wants more talks before signing the "phase one" trade deal.Marketsread 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
Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for their work in fighting global poverty, the Royal Swedish Academy of...World Newsread more
Boeing's board removed CEO Dennis Muilenburg as chairman amid the fall out of two 737 Max crashes that killed 346 people.Aerospace & Defenseread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread 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
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities.China Economyread more
Consumers and business owners should want Groupon to succeed because its model still offers unique benefits, its founder said Monday.
Shares of Groupon, which partners with businesses to offer deals to customers, have plummeted 65 percent this year, partly on a third-quarter revenue miss and weaker-than-expected guidance reported earlier this month. Still, Groupon's existing relationship with small businesses — and the reach it offers them — leave it in a position to rebound, said former Groupon CEO and current investor Andrew Mason.
"Regardless of their execution in the past, they're positioned to make that work," he said on CNBC's "Squawk Alley."
Mason, who was replaced as CEO in 2013, said the company's "terrible experiences" may have contributed to large private companies delaying public offerings. He also declined to speculate how Groupon's decision to reject Google's reported $6 billion takeover offer in 2010 affected companies' thinking about acquisitions.
Groupon posted a net loss of $27.6 million in the third quarter, as active customers grew 4 percent from the previous year to 48.6 million. Amid the struggles and new Chief Executive Rich Williams' transition to the post, Mason recently wrote a blog outlining why people should "root" for Groupon.
"We should want Groupon to figure out how to help small business," Mason said Monday.
Aside from his recent defense of Groupon, Mason has worked to expand his audio tour app, Detour, to multiple U.S. cities. He plans to roll out the platform in Los Angeles, New York and Chicago in the coming year.