Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
Stocks in Asia mostly recovered in Tuesday afternoon trade as investors cheered a reprieve in U.S.-China trade tensions surrounding Chinese telecommunications giant Huawei.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
Huya, a Chinese live streaming platform focused on gaming, is looking to expand into the U.S. in the next couple of years, CEO Rongjie Dong told CNBC. The U.S. is expected to...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
A senior administration official told CNBC on Friday that there was "zero" engagement between the Trump administration and China as the two countries ratchet up trade tensions.
The official said that there had been "one call in the past few days," and that it resolved nothing. When asked what level of engagement the two countries were maintaining, the official made the shape of a zero with his hand.
The market had jumped earlier in the week on reports that the U.S. and China were re-engaging. While the official acknowledged a high-level phone call had taken place in recent days, he said it had provided no resolution and followed a monthlong period of radio silence between the countries.
Earlier in the day, Larry Kudlow, director of the National Economic Council, told reporters that there had been communications between the two countries at the "highest levels," but that talks had "stalled" in recent days.
"I have been involved in a lot of those U.S.-China talks, but not recently, because there haven't been any recently, I don't know what they are doing," Kudlow told reporters on the North Lawn of the White House.
China threatened to levy tariffs on $60 billion in U.S. goods on Friday if the Trump administration went through with its own planned tariffs on Chinese imports. On Wednesday, Trump ordered his administration to consider raising the proposed tariffs on $200 billion worth of Chinese goods to 25 percent. The administration had earlier been considering tariffs of 10 percent.
The official said there was no particular catalyst for the president's decision to have his administration consider raising the amount of the tariffs, but noted that Trump believes China's responses to U.S. actions have been "unsatisfactory."