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
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.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
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
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
President Donald Trump's escalating attacks on the Federal Reserve and its chairman, Jerome Powell, aren't necessarily harmful if it is just "cheap talk," said Frederic Mishkin, former Federal Reserve governor.
The president continued his tirade against the central bank on Tuesday, calling the Fed "my biggest threat" because it is raising rates too fast.
"Trump is Trump, and he likes to say quite amazing things, and it's part of his — quote — charm," Mishkin said on "Closing Bell."
"If, in fact, the president actually starts to do things that really hurt the Fed ... that could be bad," he added.
He pointed to Turkey as an example. Turkish President Recep Tayyip Erdogan put a lot of pressure on the central bank to not raise rates to spur credit growth and construction. Now the country is a "disaster" and has extremely high inflation, said Mishkin, an economics professor at Columbia University.
"This is not a good game to play," he said. "Is Trump going to be serious about upping the ante here? If so, that's a problem. But if it is just cheap talk, it will be something that will entertain us and hopefully that will be the end of it."
The central bank is sticking with its plan to gradually increase interest rates because officials think it is the best formula to preserve the economy, according to minutes released Wednesday of the Fed's September policy meeting.
In an interview with Fox Business on Tuesday, Trump acknowledged that the Fed is independent and that he doesn't speak with Powell.
"But I'm not happy with what he's doing, because it's going too fast. Because, you look at the last inflation numbers, they're very low," he said.
Mishkin said the Fed is doing its job properly. So did Richard Fisher, former president of the Dallas Fed.
Fisher, a CNBC contributor, told "Closing Bell" the Fed is the "most steady and important hand in Washington."
"Let the president talk all he wants, but let them conduct policy the way they're conducting it," he said.