President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
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
Snap CEO Evan Spiegel outlined the company's goals for profitability in 2019 and apologized for its redesign in a 15-page memo sent to employees dated Sept. 26, CNBC has confirmed.
In the memo, Spiegel said that the redesign was "rushed" and outlined the other problems with the app. This led to the company's first decline in daily users. As he wrote, "The biggest mistake we made with our redesign was compromising our core product value of being the fastest way to communicate."
He also said that he has a "stretch goal" to break even during the fourth quarter of 2018 and become profitable in 2019.
The company's stock is trading at under $8 for the first time ever.
The company is working on new designs of its Discover section, which highlights professional companies and celebrity accounts. He also explained challenges the app faces from competitors and from growth.