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
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
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
New York Federal Reserve President William Dudley said Tuesday a September rate hike "is possible."
"I don't think my views have changed very much," Dudley told Fox Business Network. "I think we're looking for growth in the second half of the year that'll be stronger than the first half — so some acceleration in the growth outlook."
He added that the labor market continues to generate reasonable job gains.
"We're edging closer towards the point in time where it'll be appropriate to raise interest rates further," Dudley said. "I think it's possible,"he added, referring to a possible rate hike at the Fed's next policy meeting on Sept. 20-21.
"We have to see how the data falls and where we are in terms of the broad supports for the economy. I think the economy is in OK shape."
When asked about the targeted 2 percent inflation, Dudley said the economy was making progress.
"We're getting closer in the sense that headline inflation is drifting up a little bit," he said, "because the earlier declines from energy prices are dropping out of it year over year calculations."
The markets were lower after Dudley's comments.