Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
China's all-important service economy, heralded as the country's key growth engine, decelerated in May, a private survey showed on Friday.
Caixin's services Purchasing Manager's Index (PMI) eased to a three-month low of 51.2, from 51.8 in April. It was the second consecutive month of declines, Caixin noted in a statement.
A reading above 50 indicates expansion while one below indicates contraction.
Slow business orders, marginal job creation and lower production among manufacturers were key factors that underpinned May's tepid performance, Caixin said.
Moreover, business optimism slid to its lowest level so far this year, it added.
Friday's report echoed similar declines to the government's official services gauge that was released earlier this week, which showed the index dropping to 53.1 in May from the previous month's 53.5 reading. A reading above 50 indicates expansion while one below indicates contraction.
The services sector, whose biggest components include real-estate and financial services, now accounts for the bulk of gross domestic product and is crucial to Beijing's economic transition to consumer-driven growth. Last week, China Securities News reported that Beijing would open up certain areas, including education and healthcare to foreign investment, without giving a time-frame.
Over the past year, policymakers have unleashed a flurry of interest rate cuts and reserve requirement ratio (RRR) reductions for banks, as well as other stimulus efforts, but strategists widely agree that more support is needed to bolster overall economic momentum.
"The government needs to continue to push forward stabilizing measures to help the economy recover. It should also relax the control and regulation of the services sector to enable it to realize its growth potential and to facilitate the transformation and healthy development of the economy," said Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group.
But from an investor's perspective, slowing momentum isn't necessarily an issue.
Restaurants, entertainment and lifestyle services remain hot investment areas, noted Choong Han Ching, investment manager and principal at Kriya Capital. "Those are the three areas that are booming in China."
—Follow CNBC International on and Facebook.