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.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
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
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
"Yes, excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated," Musk wrote in a tweet on Friday.
His tweet came in response to a story from CBS, in which the CEO bemoaned the Model 3 as overly ambitious, and the production process as too technical.
"We got complacent about some of the things that we felt were our core technology….We put too much new technology into the Model 3 all at once. This -- this should have been staged," he told CBS.
Electric car manufacturer Tesla has suffered a rash of high profile challenges this year, most involving production of its first mid-range electric vehicle, the Model 3.
Tesla's future is tied to the car, which has been billed as the company's first vehicle available to middle-class customers – not just the super wealthy.
Tesla missed reported in April it missed its quarterly target for Model 3 production, but investors were relieved the numbers weren't more disappointing. During the last week of the quarter, the electric-car maker produced 2,020 Model 3s, coming up short of its goal to produce 2,500 Model 3 sedans a week.
In the past few months, Tesla has also dealt with a voluntary recall of 123,000 of its older Model S vehicles, a fatal crash of a vehicle equipped with its semi-autonomous driving system and downgrade of its credit status on Wall Street. But production of the Model 3 seems to be the company's priority, and Musk has taken to sleeping on the factory floor to assist with manufacturing.