Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
Since the Cambridge Analytica scandal in March 2018, Facebook has suspended tens of thousands of apps stemming from an investigation into its developer ecosystem.Technologyread more
The former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and...Autosread more
Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
The wearables company has retained advisors to consider exploring a sale of the business.Technologyread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
"I really want to encourage competition because I think competition creates innovation, and when you create innovation everyone wins," Humana CEO Bruce Broussard says.Health and Scienceread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes, while some nations have outlawed the products...Health and Scienceread more
A slowdown in China is the greatest threat to the global economy, Kenneth Rogoff, a professor of economics at Harvard University, told the BBC in an interview published on Monday.
"I think the economy is slowing down much more than the official figures show," Rogoff, who is a former chief economist of the International Monetary Fund (IMF), told the U.K. broadcaster. He added that China is going through a "big political revolution," hinting at Beijing's high-profile campaign to tackle corruption and transition its economy to being more consumer led.
"If you want to look at a part of the world that has a debt problem, look at China. They've seen credit fueled growth and these things don't go on forever," he said.
China, the biggest economic story of the last 30 years, has soured in the eyes of many analysts, with a stock market crash that began in the country last summer highlighting the difficulties facing Chinese lawmakers. Billionaire financier George Soros has warned several times on the country, stating that China's debt-fueled growth bears an "eerie resemblance" to the conditions leading up to the 2008 financial crash.
After years of triple-digit growth, the economy is slowing and the IMF expects China's GDP (gross domestic product) to grow by 6.6 percent this year. Rogoff said the country's economy was having a "pretty sharp landing already," adding that he was worried about China becoming "more of a problem."
"We've taken it for granted that whatever Europe's doing, Japan's doing - at least China's moving along and there isn't really a substitute for China," he told the BBC.
"I think India may come along some day but it's fallen so far behind in size it's not going to compensate."
Read the full interview on the BBC's website here.