President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread 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
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread 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
Bond investor Bill Gross warns a global slowdown in productivity as a result of the financial crisis will make it impossible for President Donald Trump to get economic growth back above 3 percent and will reveal financial markets as overvalued.
"Equity markets are priced for too much hope, high yield bond markets for too much
Economists including Federal Reserve Chair Janet Yellen seem puzzled as to why productivity over the last five years has averaged just 0.5
"Slowing business investment/trade and an ongoing level of low to negative interest rates have resulted in a misallocation of capital to low-risk projects and a slowdown in small business creation. Longer-term secular demographic factors such as an aging population also play a significant part since older consumers consume less of almost everything except health care," Gross' outlook states, in reference to the IMF report.
Gross also implies President Trump's agenda and other populist movements popping up around the world — with tenets like higher tariffs and curbs on immigration — could make the productivity slowdown worse.
The is up 13 percent over the last year and more than 4 percent so far this year, although the market has tread water the last two months on concerns over valuation. The iShares High Yield Corporate Bond ETF, which tracks the junk bond market referenced by Gross, is up 6 percent over the last 12