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
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead 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.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread 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
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread 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
Jeremy Siegel recalled the 1987 stock market plunge in an interview Thursday on CNBC's "Power Lunch."
The "Black Monday" crash, when the Dow Jones industrial average plunged 508 points, occurred 30 years ago Thursday.
"It was like a freight train ran everyone down," Siegel said. "That was the biggest one-day drop in history. It was double the next highest. … There has been nothing like it before or since that date."
The Wharton School finance professor explained how investors falsely believed they were insured against a market drop through the use of "portfolio insurance" products, which exacerbated the decline.
The longtime bull also noted the strange coincidence of major historic crashes occurring in the same month. He cited the years 1929 and 1987.
"What's really amazing, a huge percent of crashes occur in the month of October," he said. That's "puzzling why October is seemingly the worst month."
Siegel is known for his bold bullish market predictions. His investing book, "Stocks for the Long Run," released in 1994 recommended investors take a long-term optimistic view on the stock market.
In July 2015, he said on CNBC that the Dow Jones industrial average could hit 20,000 by the end of that year. When it didn't by November, he reiterated his belief in Dow 20,000, but pushed his timeline to 2016. The Dow broke the mark on Jan. 25, 2017.
The Dow reached 23,000 for the first time on Tuesday.