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
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.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
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
Rudy Giuliani told CNBC on Monday that high unemployment in places like Detroit is the result of the same Democratic policies that crippled New York City's economy before he became mayor in 1994.
"It's a tragedy, and it's a sell-out of those people to left-wing, socialist policies that don't work," he told "Squawk Box."
"The reason New York City was failing was not because people in New York are bad. The reason New York City was failing was because its policies were basically left-wing, socialist policies," he added.
The one-time GOP presidential candidate said he was able to turn around New York by using the same strategies Donald Trump wants to deploy nationally, including lowering taxes, reducing regulations and creating a business-friendly environment.
Trump plans to to further outline his economic and tax policies in a speech in Detroit on Monday, following a bruising week in which he publicly sparred with the Muslim family of a fallen U.S. soldier and initially refused to endorse leaders of the Republican Party in their re-election bids.
Giuliani said President Barack Obama had presided over the worst recovery since the Great Depression.
Annual U.S. economic growth has averaged 2.1 percent since the economy began growing again in 2009, according to the Center on Budget and Policy Priorities. The unemployment rate has fallen from 10 percent at its peak in 2009, the year Obama took office, to 4.9 percent last month.
Asked whether any event since the Great Depression had been equal to the 2008-2009 recession, Giuliani did not identify another downturn. However, he said John F. Kennedy tackled a recession by lowering taxes and Ronald Reagan beat back stagflation and helped drive an economic boom in the 1980s.
"Basically Donald Trump is following the model of John Kennedy and Ronald Reagan, and by the way, of Rudy Giuliani," he said. "Lower taxes. Put more money back into the hands of people. Let them spend it, rather than government bureaucrats who waste it."