According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
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Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Billionaire investor Carl Icahn issued a warning about U.S. tariffs on Monday, noting protectionist trade policies have brought about stock-market crashes.
"With tariffs, it's a very dangerous game you're playing," said Icahn, who supports President Donald Trump. "It helped bring the crash in 1929. I'm not a great supporter of that."
The Trump administration has slapped tariffs on billions of dollars worth of imports, including those coming from China, the United States' biggest trade partner. Several partners have retaliated with levies of their own on U.S. goods, including China. The administration's aim has been to level the playing field on trade between the U.S. and other countries.
"As far as I'm concerned, I think it's extremely dangerous," Icahn said on CNBC's "Halftime Report. " "This is a question that ... has so many variables that you don't know which way it could go."
Icahn added he thinks Trump will ultimately do "what I consider to be the close-to-right thing."
"Hopefully, that will be settled," he said.
His comments come after the Dow Jones Industrial Average and S&P 500 dropped more than 4 percent last week. Equities fell along with global markets as investors fretted about rising borrowing costs potentially slowing down the world economy, in addition to the trade war.