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
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
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
United Airlines' shares have hit a record high, a dramatic turnaround for the third-largest U.S. airline that has weathered a rash of public relations disasters and investors who fretted the carrier's growth plan would spark a fare war with competitors and a surge in expenses.
United Continental Holdings' stock closed at an all-time high of $89.58 on Thursday and shares of the third-largest U.S. airline's parent were on track to hit another record Friday, trading up 0.7 percent around 3 p.m.
The carrier's stock this year is up more than 33 percent — more than any other U.S. airline — and a bigger percentage gain than the S&P 500, which is up 8 percent in 2018. American Airlines shares are down more than 23 percent, while Delta Air Lines is up 3.5 percent this year.
The share-price surge comes after a series of public relations fiascoes, including the violent dragging of passenger David Dao off of a United Express flight in April 2017. A series of high-profile incidents in which passenger pets died while in United's care, such as the French bulldog puppy that had been placed in an overhead bin in March, again put United on the defensive to calls of #boycottunited on social media.
Investors in January sent United's stock tumbling 11 percent, as executives struggled through the second tense earnings call in a row, that time explaining an aggressive growth plan to expand as much as 6 percent a year.
"They were in the doghouse from the market's perspective," said Jamie Baker, senior airline analyst at J.P. Morgan Chase.
While Delta and American cut their profit outlook for this year in July, United raised its estimate. United said it was recovering most of a profit-crimping surge in fuel costs through higher fares and other initiatives. Higher fuel prices have challenged airlines in a period of strong demand.
On Monday, United said it expanded flying 4 percent this year through August, and that its planes were flying more than 84 percent full, slightly higher than a year earlier.
"We think they're back where they want to be," said Susan Donofrio, airline analyst at Macquarie.