Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
Tariff negotiations with China have not started, though the White House hopes they will bear some fruit and prevent a trade war, National Economic Council Director Larry Kudlow said Friday.
"They have not really begun yet," Kudlow, President Donald Trump's chief economic advisor, told Bloomberg Television. "China's response to our complaints ... has been unsatisfactory."
However, Kudlow stressed that no new duties have been implemented, and talks with the Chinese will continue for several months before anything is done. He said there is always an open line of communication with China, but no formal tariff talks have begun.
"This is a moderate, tempered approach that we are taking," he said. "This is not a trade war."
Earlier in the week, Kudlow's comments insisting that the U.S. is not looking to provoke a major confrontation with China helped sooth a jittery market that staged a 700-point swing Wednesday in the Dow industrials.
He reiterated Friday the U.S. concern over China stealing U.S. intellectual property, particularly in technology.
"There's no secret here. They've got enormous trade and tariff barriers," he said. "They've got to stop their stealing of the intellectual property that we try to use in any company around the world. Those are good places to start."
Kudlow, a fomer CNBC special contributor, succeeded Gary Cohn as Trump's top economic advisor. Cohn, who opposed imposition of tariffs, resigned in March.