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 potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Airlines continue to delay when they plan to have the planes back again with no sign from regulators on when the planes will be approved again.Airlinesread more
Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.Politicsread more
While Warren's ad about Facebook isn't true, the company's own policy allows politicians to make such false claims in paid advertising.Politicsread more
Typhoon Hagibis made landfall south of Tokyo on Saturday evening. By Sunday around 376,000 homes were left without electricity, and 14,000 without running water across Japan....Weather & Natural Disastersread more
SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.Investing in Spaceread more
Bryn Mawr's Jeffrey Mills believes the market needs more time to break out of its slump.Trading Nationread more
Chinese e-commerce giant Alibaba may have recorded its slowest ever annual growth rate for its Singles Day shopping extravaganza this year, but a large online retailer in Southeast Asia that is majority-owned by Alibaba said it witnessed accelerating growth during the event.
Southeast Asia is at the "beginning of the journey" and still witnessing "accelerating growth," said Alexis Lanternier, CEO of Lazada Singapore told CNBC on Monday. "We are in the exciting space of accelerating growth."
Lazada — a Singapore-based online shopping website with operations across Southeast Asia — hosted its own Singles Day event. When the event kicked off at midnight, Lazada saw three times more shopper traffic this year, compared to last year. Gross merchandise value also spiked seven times at midnight versus a year ago.
Lanternier said he was upbeat about sales in the region, home to a population of 560 million people and which has a rising mobile phone penetration.
Sunday was the 10th edition of the annual Singles Day event, which is also called the Double 11 shopping festival because it falls on Nov. 11. During the 24-hour period, Alibaba offered huge discounts across its e-commerce sites such as Tmall.
This year, the company smashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day.
Despite the record haul, the annual sales growth rate fell from 39 percent to 27 percent — the slowest rate in the event's 10-year history amid rising trade tensions between Beijing and the Washington that has hit the Chinese economy.
— CNBC's Arjun Kharpal and Reuters contributed to this report.
Correction: This article has been updated to accurately reflect the population of Southeast Asia.