The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread 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
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread 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
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
A daily morning look at the financial stories you need to know to start the day
-Futures are lower after yesterday's late rally. A key housing starts report is out at 830am.
-The yield on the 10-yr. US Treasury is up to 1.6%.
-With mortgage rates falling sharply, banks are expecting a refi surge this summer.
-The Board of Economic Analysis is about to sharply revise down the national GDP figures from 2005-2015.
-Crude oil is up more than 1%, but still at the $46/barrel level.
-Gasoline prices held at $2.35/gallon, national average.
-More environmental groups are backing off their long-held opposition to nuclear power.
-For some reason, market analysts seem to believe the murder of Labour Party Member of Parliament Jo Cox yesterday will somehow sway the momentum back to the "Remain" side in the Brexit vote. That's despite all indications th ekiller was a lifelong mental patient on psychiatric drugs.
-Bernie Sanders is not dropping out of the race and offered no real concessions to Hillary Clinton in a speech last night. He did say he'd help Clinton transform the party.
-A top Putin ally is backing Donald Trump for president.
-The Orlando terror shooter and his wife exchanged text messages during the shooting.
-In the wake of the shooting, many gun shops are reporting a spike in sales to gays and lesbians.
-51 State Department officials have signed a message to Pres. Obama urging him to order targeted air strikes against the Assad regime in Syria.
-Demand is growing for anti-drone detection and disabling systems for both military and commercial use.
-Philadelphia has become the first big city in America to pass an added sales tax on sugary non-diet soda.
-Looking for the best sign that the Hyperloop might actually happen? Competition is heating up between the firm's hoping to manufacture the technology.