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
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.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
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
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
Hurricane Harvey rapidly intensified early this morning spinning into potentially the biggest hurricane to hit the mainland U.S. in 12 years and taking aim at the heart of nation's oil refining industry. The storm is forecast to make landfall late today or early Saturday, packing winds of up to 125 mph. (Reuters)
*Refineries 'scrambling' to prepare for sudden arrival of Hurricane Harvey (CNBC)
House Speaker Paul Ryan on Thursday insisted the U.S. will raise the debt ceiling to avoid a default. Ryan's comments echoed Senate Majority Leader Mitch McConnell, who on Monday said "there is zero chance" that the U.S. will fail to raise the debt ceiling. (CNBC)
White House press secretary Sarah Huckabee Sanders says President Trump hasn't ruled out Mexico paying for his proposed wall. Mexican President Enrique Pena Nieto has insisted that Mexico will not pay for the project, and Trump himself appeared resigned to that during a private call with his counterpart. (CNBC)
A second victim of the collision between the USS John S. McCain and an oil tanker near Singapore was identified early this morning. Divers recovered and identified remains of 26-year-old Electronics Technician 3rd Class Dustin Louis Doyon on Thursday night. He is from Suffield, Connecticut. (AP)
A court in South Korea today sentenced the billionaire head of South Korea's Samsung Group, Jay Y. Lee, to a five-year jail term, according to local media reports. The sentencing followed a trial where he was accused of paying bribes to gain government favors for the conglomerate. (CNBC)
Tesla next month plans to unveil an electric big-rig truck with a working range of 200 to 300 miles, Reuters has learned, a sign that the electric car maker is targeting regional hauling for its entry into the commercial freight market. (Reuters)
Twitter (TWTR) leads our list of stocks to watch after Jefferies downgraded the stock to "hold" from "buy". Jefferies said that although Twitter has broad user engagement, monetization is slipping and that Facebook (FB) is the clear winner in the social media space.
Amazon (AMZN) would likely accept losses in order to build its grocery store market share, according to a story in the Wall Street Journal. Separately, S&P/Dow Jones Indices announced that Quintiles (Q) will join the S&P 500 prior to the open on Tuesday, August 29, replacing Whole Foods.
Broadcom (AVGO) beat estimates by seven cents with adjusted quarterly profit of $4.10 per share, while the chipmaker's revenue came in very slightly above forecasts. Broadcom gave an upbeat forecast for the current quarter, but the shares are under pressure after an analyst with RBC Capital said being largely in line was "not enough for now."
Fiat Chrysler (FCAU) said it would evaluate any inquiries about potential transactions, but the automaker had nothing further to say about reports of interest from China's Great Wall Motor.
GameStop (GME) reported adjusted quarterly profit of 15 cents per share, one cent below estimates, with the videogame retailer's revenue slightly better than forecast. Comparable store sales were up 1.9 percent, surprising analysts who had expected a 4.8 percent drop.
No matter how much you earn, getting by is still a struggle for most people these days. Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder. (CNBC)
Three years after Taylor Swift released 1989 and following months of near-radio silence from the star, the singer returned this week with Look What You Made Me Do, the first single from her forthcoming new album Reputation. (USA Today)