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
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
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.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
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Intel raised its full-year outlook and reported quarterly earnings that easily topped analysts' expectations on Thursday.
Here's how the company did compared with what Wall Street expected:
Intel said it now expects full-year earnings of $3.25 per share on revenue of $62 billion. That's up from its previous forecast for earnings of $3.00 per share on $61.3 billion in revenue.
The company reported net income of $4.52 billion. That figure represent's 34 percent year-over-year growth.
In the year-ago quarter, Intel reported adjusted earnings of 80 cents a share on $15.78 billion in revenue.
Shares of Intel gained more than 1 percent in after-hours trade.
The stock has been on a tear this year, gaining 14 percent as of its Thursday close. During the normal session, shares of Intel set a fresh 52-week intraday high of $41.58.
While the client computing group still brings in the lion's share of overall revenue, Intel has been shifting its focus away from the personal computer market amid declining PC shipments. The segment reported better-than-expected revenue of $8.86 billion, or roughly flat year-over-year.
The company has instead highlighted its opportunities in new markets such as artificial intelligence and cloud infrastructure.
Earlier this month, Intel said it is collaborating with Facebook to develop artificial intelligence chips for data centers.