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
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
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread 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
Canyon Partners Co-CEO Joshua Friedman said he's finding value in mergers and acquisitions and is "very cautious" on entering the retail space.
"We've deployed a fair amount of capital recently in oil services," Friendman told CNBC's Andrew Ross Sorkin on Tuesday. "There are a lot of companies that are very competent services companies that couldn't survive the transition from $100 oil to $40 or $30 dollar oil without restructuring their balance sheets. Those are the places you go to pick up dollars for 50 cents."
Canyon has more than $24 billion in assets and specializes in credit-oriented investments for endowments, with strategies focused on bank debt, distressed debt, high-yield and convertible bonds. Friedman said he was concerned about investing in the retail sector.
"That's one of the scarier ones," Friedman said of retail. "How cheap does it have to be in retail to decide you're going to wade into that? Some of those companies are companies that will be permanently gone."
"We're very cautious in that area."
The retail sector has been shaken with the rise of e-commerce and Amazon, which fanned fears earlier this year after its acquisition of Whole Foods. Many on Wall Street now speculate that Amazon could venture into its own clothing lines as well as pharmaceutical sales in the next few years.