"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren says.Politicsread more
The agreement between the White House and congressional Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
A group of gold miners stocks "BAANG" are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
Documents leaked to The Washington Post revealed that Huawei secretly worked with the North Korean government on its wireless network.Technologyread more
Equifax will pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive over 2017 data breach, U.S. regulators said in a...Technologyread more
CNBC's Mike Santoli breaks down the aggressive buying of "sure things" and shunning of cyclical and policy risk.Trading Nationread more
Facebook has seen an increase in the median number of comments, likes and ads clicked by users on the service from January to July, according to Audience Insights, a Facebook...Technologyread more
Asian markets closed mixed on Thursday, after some regional stock indexes shrugged off early losses. Meanwhile, the dollar and bond yields slipped as concerns over heightened trade tensions lingered.
The edged up by 0.12 percent, or 26.66 points, to close at 21,803.95, reversing losses seen earlier in the day. The broader Topix was little changed on the day.
Retailers gained ground, while automakers and technology names traded mixed. Despite the broader gains, shippers declined with the Topix sea transport index lower by 1.36 percent.
Across the Korean Strait, the Kospi added 0.25 percent to end at 2,492.38.
Hong Kong's advanced 0.22 percent by 3:00 p.m. HK/SIN. The financials subindex eked out gains on the whole, even though heavyweights HSBC and AIA were down 0.13 percent and 0.22 percent, respectively, an hour before the market close.
Mainland markets closed mixed. The finished the session mostly unchanged, closing up 0.01 percent at 3,291.61. The Shenzhen composite slipped 0.22 percent to end at 1,874.41. Meanwhile, consumer stocks were the best-performing sector on the blue chip CSI 300 index, which rose 0.57 percent on the whole.
Newly listed stocks on the mainland were lower, with names like China Express Airlines down 9.93 percent. The dive in share prices came after a Xinhua report cited regulators saying such stocks were vulnerable to near-term speculation, Reuters said.
In Sydney, the S&P/ASX 200 shed 0.24 percent to close at 5,920.80 as losses in the heavily weighted financials subindex, which traded lower by 0.89 percent, weighed on the broader index.
Major U.S. stock indexes all recorded declines in the last session as markets digested trade-related developments out of Washington, with the Dow Jones industrial average falling 1 percent, or 248.91 points, to close at 24,758.12.
Shares of Boeing fell 2.5 percent following news of potential trade measures, which could include investment restrictions and indefinite tariffs, being considered against China by President Donald Trump. Trump could implement tariffs on $60 billion worth of Chinese goods, according to Reuters.
The White House on Wednesday also said the Trump administration wanted China to reduce its trade surplus with the U.S. by $100 billion, and not the $1 billion figure Trump had tweeted last week.
Asian stock indexes had closed lower in the last session amid talk of potential additional U.S. tariffs. That overshadowed the release of better-than-expected industrial output and fixed-asset investment data out of China.
The looming possibility of a trade war saw bond yields dip. The yield on the 10-year U.S. Treasury note stood at 2.8134 percent at 3:09 p.m. HK/SIN after touching as low as 2.797 percent earlier. Yields trade inversely to bond prices.
Against the safe-haven yen, the dollar extended losses to 105.99 amid trade-related worries, below the 106.2 handle seen in the last session.
The dollar index, which tracks the greenback against a basket of rival currencies, stood at 89.693 at 2:36 p.m. HK/SIN.
Larry Kudlow, the Trump administration's newly tapped top economic advisor, on Wednesday told CNBC that "a great country need[ed] a strong currency. "
Those remarks, however, were unlikely to lift the dollar much given how concerns over the possibility of a trade war continued to simmer in the background, wrote Mizuho Bank economist Zhu Huani in a note.
In corporate news, Samsung Electronics said it would start constructing a memory chip production line in China at the end of the month in a bid to enhance its NAND flash technology, Reuters reported. Samsung shares were off by 0.43 percent by the end of the day.
Elsewhere, Cathay Pacific jumped 4.64 percent by 3:04 p.m. HK/SIN after the airline on Wednesday announced a loss of 1.26 billion Hong Kong dollars ($160 million) in 2017 — smaller than the HK$2.15 billion forecast in a Reuters poll.
Oil prices held onto overnight gains after data on Wednesday showed U.S. crude inventories rose more than expected, while gasoline inventories dropped more than forecast. U.S. crude futures edged up 0.11 percent to trade at $61.03 per barrel and Brent crude futures were nearly flat at $64.90.