President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
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
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread 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
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
The electric car maker's stock closed 8.9 percent lower, its poorest performance since June of 2016 when it fell 10.45 percent. Tesla stock is in bear-market territory, down more than 21 percent from its 52-week high.
Shares lost 13 percent over the last year and have been especially pummeled in the last week. Tesla has fallen 16.1 percent since Musk tweeted last week that he was considering taking the company private. The SEC began an investigation after the tweet and has reportedly sent out subpoenas for information.
In an extended story in Friday's Times, Musk said that the past year has been "excruciating" and "the most difficult and painful" of his career.
He and members of Tesla's board are set to meet with SEC officials as soon as next week, according to the report. The Times also reported that the board is concerned about the CEO's use of Ambien to help him sleep and recreational drugs, which sources told the newspaper could be fueling his controversial tweets.
Musk tweeted on Aug. 7 that he had "funding secured" to take Tesla private at $420 per share. The public statement could be a violation of SEC rules.
The agency is also reportedly looking into whether the tweet was meant to hurt those betting against Tesla, according to The Wall Street Journal, citing a source familiar with the matter. The Journal reported that the agency is pressing Tesla's board on how much information the CEO shared ahead of the tweet.
Short-sellers betting against Tesla had roughly $1.3 billion in mark-to-market losses last week, according to estimates from financial technology and analytics firm S3 Partners.