The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread 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
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.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
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Semiconductor stocks are dropping Wednesday after Goldman Sachs warned about deteriorating memory chip demand.
"We see incrementally weaker demand datapoints combined with accelerating supply growth" in the fourth quarter and in the first half of next year, the firm's analyst, Mark Delaney, said in a note to clients Wednesday. He added the firm now expects "incrementally more DRAM [memory chip] oversupply" in the first half of next year.
Delaney also sees "weaker fundamentals" for the flash memory market.
Micron shares closed down 4.3 percent Wednesday. Other chips stocks such Qualcomm and Analog Devices also ended down 1 percent or more.
Shares of Seagate and Western Digital fell in early trading, but later rallied to close with gains.
Chip stocks are under pressure this month due to heightened concerns about slowing memory chip demand.
Last week Morgan Stanley and an executive at KLA-Tencor said the memory chip market is deteriorating versus expectations, which drove a big drop in the semiconductor sector's shares.
Micron's stock is down 17 percent month to date through Tuesday and shares of Western Digital and Seagate are down more than 8 percent in the same time period.