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
Stock prices of both internet giants hit fresh intraday highs Tuesday, extending their 2017 bull runs.
Google parent Alphabet shares touched a record $1,080 before slipping into the red to close the day at $1,063.29. Facebook traded as high as $184.25, then closed down slightly at $182.42.
The recent records have come despite a wave of revelations showing that both companies cannot effectively police all the content and ads on their services.
In November alone, the firms have taken down problematic content or advertising on several occasions only after being alerted by news organizations.
For Facebook, that content has included pages or posts and housing ads that discriminated based on race.
YouTube also hosted opioid marketing and replete with comments from pedophiles.
YouTube said in a statement that in the past week it had removed 150,000 videos, turned off comments on 625,000 and removed ads from "nearly 2 million."
These recent stories follow the discovery earlier this year that Russian propagandists used the services of both companies to meddle in the 2016 U.S. election.
So why the disconnect between negative headlines and record stock prices? If Facebook and Google are failing consistently at keeping users away from harmful content, why are investors so bullish on their prospects?
Because the same massive reach and targeting technology that can be used to target racist landlords or opioid users can also help legitimate online marketers find consumers ready to buy everything from shampoo to cars.
Thanks to that advertising demand, sales at both companies are expected to surge this year, supporting their bull runs.
Alphabet sales are expected to climb 22 percent to $110 billion in 2017, while Facebook revenue is seen rising 45 percent to $40 billion, based on the estimates of stock analysts surveyed by Thomson Reuters.
That growth has powered both stocks higher, outpacing the gains of the broader market for tech stocks.
Facebook shares have risen almost 60 percent this year, while those of Google parent Alphabet just over 30 percent, while the Nasdaq Composite Index is up 28 percent.