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
The market is celebrating despite the delay in the release of the House GOP's tax-reform plan, closely followed trader Art Cashin told CNBC on Wednesday.
"There are some worrisome things out there, but the market is not concerned," said Cashin, UBS' director of floor operations at the New York Stock Exchange.
"New money for a new month," Cashin added in an interview on "Squawk on the Street." "It's kind of a global celebration of the loose money that's around."
Cashin spoke after U.S. stocks rose to record highs on Wednesday, the first trading day of November. Overseas markets and major commodity prices rose overnight. Investors shrugged off the one-day delay in the release of the tax-reform bill until Thursday.
Cashin said he expects Washington will be an "absolute cauldron of rumors" until the release of the tax plan. "A lot of rumors [are] popping up already," he said. "But, again, none of them have affected the market."
"It is a lack of details" about the tax plan, Cashin added. "Until we get that, I don't think things are going to kick in. So far, all we got is a delay on the tax bill and nothing much besides that."
November should be a strong month for stocks, Cashin said. "It's certainly starting out that way," he said.
"You've got generally easy money around the globe," he added. "There are particular weak links. The amazing thing is that everything is holding together."
The market may be surprised if President Donald Trump doesn't choose Jerome Powell to lead the Federal Reserve. Trump is widely expected to pick the Fed governor on Thursday, according to reports.
"Anything else would be a bit of a surprise," Cashin said.