Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
China responded vigorously in state media on Saturday after the administration of U.S. President Donald Trump said it would impose tariffs on $50 billion of Chinese imports, but some commentary left room for further negotiations.
Late on Friday, China said it would impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion, in response to the U.S. imposition of tariffs.
"The wise man builds bridges, the fool builds walls," the official Xinhua news agency said in an editorial, echoing official comments that China would defend its interests in a trade war.
"Following the path of expanding and opening up is China's best response to the trade dispute between China and the United States, and is also the responsibility that major countries should have to the world," it added.
An editorial in the ruling Communist Party's official People's Daily condemned what it called the Trump administration's "obsession with playing the disgraceful role of global economic disruptor".
It added, "There is no winner in a trade war, and the U.S. instigation of a trade war is extremely destructive to global trade, economic globalization, multilateral trade systems and global production supply chains.
"The whole world will be picking up the bill for the mistaken acts of U.S. unilateralism."
The Global Times, a tabloid run by the People's Daily, called the U.S. move "an irresponsible act on behalf of the White House to disrupt international trade just to appeal to American voters who are convinced their president is fighting for them."
In an editorial, the official English-language China Daily said the measure was "a stark violation of the core spirit of recent trade talks between China and the United States and is set to backfire if Washington doesn't back off from its dangerous adventurism."
While calling Trump's administration "inconsistent and precarious," it expressed hope a trade war might yet be averted.
"Given the frequent flip-flopping of the Donald Trump administration, it is still too early to conclude that a trade war will start," the editorial said, adding that China's stance had been consistent.
"(China) welcomes dialogue and is not afraid of trade war threats."
The reaction to the U.S. tariffs was muted on Chinese social media, failing to break into the top 100 trending topics on the country's Twitter-like Weibo.
Friday's list of goods on which China is to impose tariffs is longer than an initial list of 106 published on April 4, but their total value remains unchanged, at $50 billion.
China will first impose tariffs on 545 U.S. goods worth $34 billion on July 6. Affected products include beef, pork, poultry, fish and seafood, dairy products, vegetables, mushrooms, fruits, nuts, sorghum, other grains, soybeans, whiskey, orange juice, tobacco, and conventional, hybrid and electric passenger vehicles.
The country has not yet announced an effective date for tariffs on the remaining 114 goods worth $16 billion, which include crude oil, natural gas, coal, some refined oil products and medical equipment.
Aircraft featured on the April list but were not on the revised list.