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
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
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Damaging revelations of misconduct at Australia's largest listed money manager, , may take years to fix, according to Morningstar.
"It's going to be a rough, rocky ride for the next six months, twelve months, probably even longer for investors in AMP," Morningstar Analyst David Ellis told CNBC's "Street Signs."
Catherine Brenner resigned Monday from her post as AMP chair in the wake of revelations about misconduct at the firm, which include misleading customers and deceiving a corporate regulator.
A wide reaching Royal Commission into Australia's banking sector heard that advisors at AMP misappropriated funds of thousands of clients over the last decade by charging them without providing advice, and that it had repeatedly lied to the Australian Securities and Investments Commission.
AMP could face criminal penalties as a result.
"Those risks are well known, but it's hard to know if there are going to be any further damaging revelations from the Royal Commission that are going to impact AMP further. I would like to say all the bad news is priced in, but it might be a little bit early to say that," Ellis added.
The scandal has already caused the early departure of CEO Craig Meller, and wiped more than 2.2 billion Australian dollars ($1.7 billion) from its market capitalization in the past two weeks alone.
"It's way too early to try and quantify what the likely financial impact is," Ellis added.
"Certainly, the brand and reputational impact has been devastating for AMP. It will take a long while to try and rebuild some of the investor confidence and customer trust in the organization."
AMP said the "employment and remuneration consequences" for the individuals who were responsible for charging fraudulent fees is still being reviewed.
It also said it would slash fees for board directors by 25 percent for the rest of 2018 as a recognition of the "collective governance accountability for the issues raised in the Royal Commission and for their impact on the reputation of AMP," according to a statement.
Group General Counsel Brian Salter will also depart immediately.
Ellis welcomed the decision by AMP to fast track the search for a new CEO and chairman. The firm has appointed Mike Wilkins, an AMP board member and former CEO of Insurance Australia Group, as interim chairman and CEO.
"The big focus for Mike Wilkins will be finding an appropriate CEO to take over the reins from the departing CEO," Ellis said. "It's going to be tough to find an appropriately qualified and experienced person to take such a tough role."
Still, Ellis said there are some bright spots at AMP.
"Longer term, the underlying business is still robust and there is plenty to like about it, but it's going to be 12 months, 18 months, perhaps 2 years before I think we can see investors getting some value out of it."
The company said it would make a formal submission in response to the allegations raised at the commission by May 4.
—Reuters contributed to this report.