Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"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
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
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
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
James Simons, the legendary billionaire hedge fund manager, discussed his views on computer trading, a Brexit, the Trump versus Clinton presidential race and the need for more infrastructure spending in a wide-ranging interview Thursday on CNBC.
"By having a lot of fast trading, [bid ask] spreads have come way down, volumes have gone up," Simons said. "It's actually brought short-term volatility down, not up. So I think it's been good for the markets."
He added, "The computer has its opinions [on investments] and we slavishly follow them."
On governmental spending priorities he said: "We have neglected our infrastructure for 20 years. It will cost trillions to get it back to where it was. ... Now there is no better time to address ourselves to rebuilding America, rebuilding our infrastructure."
On Brexit "I give it 25 percent that it will be reversed one way or the other."
Simons is the founder of Renaissance Technologies, one of the most successful quantitative investment firms in history. Renaissance's main Medallion fund reportedly generated 71.8 percent annual returns from 1994 to mid-2014.
To watch the broadcast interview in its entirety you must be a CNBC PRO subscriber.