Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
With the economy strong and consumer confidence at an 18-year high, many households plan to boost their holiday spending.
About a quarter of consumers plan to spend more on gifts than they did last year, while 56 percent expect to spend about the same, according to new research from OpenX, an advertising technology company based in Pasadena, California.
Millennials are leading the spending charge, with 41 percent saying they'll spend more than last year. The average amount that consumers across all age groups expect to spend is $819, while the average for millennials is $861.
The OpenX research, based on a Harris Poll of more than 2,000 adult shoppers, also shows that many consumers aren't waiting to start holiday gift shopping.
About half of consumers have either already started buying presents, or will get going between October and the long Thanksgiving holiday weekend in November, which includes big sales-push days Black Friday and Cyber Monday. In fact, 64 percent would prefer to shop when it's convenient for them, not when retailers want them to, the survey shows.
If you want to avoid overspending on holiday gifts, the best way is to start with a budget instead of a gift list, experts say.
"Then allocate a dollar amount to each person you'll have to shop for," said Christopher Tracy, president of budgeting app Mvelopes. "That way, you start your shopping in your desired budget range instead of picking out gifts first."
Tracy also suggests purchasing off-brand items and taking advantage of coupons and sales, or even considering home-made gifts.
Additionally, he said, the holidays don't have to be all about spending money. For example, creating traditions — such as volunteering in the community or doing something special together as a family — can go a long way toward making the holidays memorable and meaningful.
"Families that set expectations around holiday spending and prioritize nonfinancial activities often tell us that they enjoy the holiday better, make better long-lasting memories and spend far less than past holidays," Tracy said.