Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
"I do expect our stock market to be hammered if nothing positive comes of this G-20 meeting ... the most likely outcome is nothing happens," Jim Cramer says.Mad Money with Jim Cramerread more
Union Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.Mad Money with Jim Cramerread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
American Airlines pilots plan to tell lawmakers they are still concerned about fixes to grounded Boeing 737 Max planes.Airlinesread more
See which stocks are posting big moves after the bell on June 18.Market Insiderread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
But a look at state-by-state data clarifies the scale of Trump's challenge. As the president tries to rally supporters at a 2020 kickoff rally in Orlando on Tuesday, he is...Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move in February.Marketsread more
Hong Kong's benchmark stock index on Tuesday fell further into bear market territory for the second consecutive day in a row as jitters from the ongoing trade war between Washington and Beijing continued to rock markets in the Greater China region.
The Hang Seng index slid a further 0.72 percent on Tuesday to close at 26,422.55 after seeing an earlier intraday low of 26,394.87.
In its component sectors, services and materials were among the hardest hit as they both saw losses of more than 2.4 percent.
The downward trend faced by the Hang Seng is linked to the "big uncertainty" created by the ongoing U.S.-China trade war, said James Cheo, a senior investment strategist at Bank of Singapore.
Echoing Cheo's sentiment, Hao Hong, a managing director and head of research at Bank of Communications International, told CNBC that the market is "finding it difficult" to price in any recent developments on the dispute.
To illustrate his point, Hong pointed to Sept. 7, when a public comment period regarding U.S. tariffs on $200 billion of Chinese imports ended. While some had expected the round of tariffs to take effect from the moment the comment period ended, Hong said: "For some reason, it hasn't come out yet."
Instead, U.S. President Donald Trump announced on Friday that he was "ready" to place tariffs on an additional $267 billion in Chinese imports on top of the $200 billion that had already been targeted.
Asked about his overall outlook for the Hang Seng index, Hong said the bearish trend is likely to persist from here, adding that he wouldn't put his money into the market "just yet."
"It would be a pretty bad scenario" if all the proposed tariffs go into effect, Hong said, warning that "stocks can go substantially lower from here."