China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
After years of speculation, Neuralink, the brain-machine interface start-up co-founded by Elon Musk, started talking directly to the public on Tuesday.Technologyread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Mikaila Ulmer may be just 14 years old, but the Me & the Bees Lemonade founder knows a thing or two about business.Young Successread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
The euro and sterling rose on Wednesday as traders monitor the latest developments between the European Union and Britain on the latter's departure from the economic bloc, and the EU and Italy on the resubmission of the latter's 2019 budget.
Hopes the U.K. parliament would approve a draft accord for Brexit have bolstered the two currencies, while the euro has been bogged down by uncertainty on how EU officials would react to Italy's latest fiscal proposal after they rejected them last month for violation of certain EU rules.
"The focus is on Brexit and Italy. They have been putting pressure on sterling and the euro the past few days," said Minh Trang, senior currency trader at Silicon Valley Bank in Santa Clara, California.
Italy re-submitted its draft budget for next year to the European Commission with the same growth and deficit assumptions, but with falling debt, the new draft showed.
Meanwhile, U.K. Prime Minister Theresa May will meet with her cabinet when she will try to sell her Brexit agreement.
At 12:43 p.m. ET, the euro was trading fairly flat on the day against the dollar, erasing an earlier loss tied partly to weak regional growth data. Euro zone growth rose by 0.2 percent in the third quarter, official data showed, confirming its earlier preliminary flash estimate from Oct. 30.
Against the sterling, the single currency was up 0.2 percent at .8719 pence. The pound was down 0.22 percent at $1.2942 against the dollar. A stronger euro and pound pushed the dollar lower as it retreated further from a 16-month peak against a basket of currencies.
Traders brushed off a government report on U.S. consumer prices that showed domestic inflation grew at a moderate annual pace in October, although they recorded their biggest monthly increase in nine months as expected.
An index that tracks the dollar versus a basket of six major currencies was down 0.09 at 97.22 after hitting a 16-month high of 97.693 on Monday. Among other major currencies, the Swedish crown was little changed on the day after losing as much as 0.7 percent versus the euro to 10.278 crowns after weaker-than-expected inflation.