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
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
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread 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
European stocks finished Wednesday's session deep in the red, as renewed concerns over international trade conflicts hampered investors' appetite for riskier assets.
The pan-European STOXX 600 extended losses in afternoon trade, tumbling 1.09 percent by the close. All sectors except banks ended in negative territory. A number of Italian banks shot to the top of the pan-European benchmark, with Banco BPM closing up over 7 percent.
On Wednesday, Europe's technology stocks were the worst performers, sliding 3.04 percent as a whole, amid a flurry of rating downgrades. Credit Suisse slashed its target price for France's Iliad, which sank 6.7 percent; while Jefferies warned the margin performance of Switzerland's Temenos was likely to disappoint investors this year. The Swiss firm tanked 11.3 percent, making it the biggest loser on the STOXX 600.
Looking at individual stocks, Danish hospital equipment maker Ambu fell to the bottom of the European benchmark after investment firm Chr. Augustinus Fabrikker reduced its shareholding in the company to 4.9 percent of share capital. The stock plummeted 11.27 percent.
Meanwhile, German conglomerate Bayer fell on the back of an earnings announcement. The chemicals giant reported a 3.9 percent increase in second-quarter core earnings on Wednesday, as the addition of U.S. seeds maker Monsanto helped to offset weak consumer health care sales and unfavorable currency effects. Shares of the company however slipped 1.7 percent.
On Wall Street, stocks posted heavy declines by Europe's market close, with a sharp fall in tech stocks weighing on sentiment. Tech shares came under pressure as Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg testified in front of Congress, addressing online election meddling and how to crack down on abuse seen on social platforms.
Consequently, Europe's tech stocks came under additional pressure as the testimony before the Senate Intelligence Committee got underway.
Sticking with the States, discussions between Canada and the U.S. are expected to resume Wednesday. Both countries are looking to find common ground to revamp the North American Free Trade Agreement (NAFTA) after the last round of talks ended without a deal. Canada's foreign minister Chrystia Freeland said Wednesday that officials had been working hard in recent days on the trade talks, adding that she was looking forward to constructive conversations.
Meanwhile, investors continued to monitor the prospect of fresh U.S. charges on China. Last week, reports emerged that the Trump administration may inflict tariffs on another $200 billion worth of Chinese goods as soon as this week.
And the U.K. and Germany have dropped key Brexit demands, Bloomberg reported Wednesday, a move which would ease negotiators on both sides into striking a deal. The British pound shot up following that report, up 0.8 percent against the dollar at $1.296. It has since pared some of its gains.