Stocks opened lower on Friday after China said it will slap new tariffs on U.S. goods.US Marketsread more
China said Friday that it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos.Marketsread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
Moulton was one of the few candidates not to make the debate stages in June and July.2020 Electionsread more
Emails between Facebook employees from 2015 illustrate early actions the company took to investigate third-party use of their data.Technologyread more
Ideas include a rotation of Federal Reserve governors that would make it easier to curb Powell's power, according to the Washington Post.US Economyread more
The Fed's James Bullard says the central bank should continue to ease monetary policy because of the recession signal being flashed by the bond market.Investingread more
Here are the biggest calls on Wall Street on FridayInvestingread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Soybean prices surged Monday on the back of a trade truce between the U.S. and China in which Beijing agreed to buy more American agricultural products.
The January futures contract on soybeans rose 1.1 percent at the Chicago Mercantile Exchange.
President Donald Trump and Chinese President Xi Jinping agreed this weekend to hold off on slapping additional tariffs on each other's goods in January for 90 days, giving both countries more time to resolve their ongoing trade war.
As part of the agreement — which was reached over dinner at the G-20 summit in Argentina — "China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries. China has agreed to start purchasing agricultural product from our farmers immediately," the White House said in a statement.
The trade war between the world's biggest economies has taken its toll on soybean prices. Earlier this year, China implemented a 25 percent tariff on soybeans coming from the U.S. The tariff has sent the soybean futures down more than 10 percent in the past six months.
Trump tweeted on Monday this agreement will be beneficial for U.S. farmers.
"I'm particularly happy for the American farmer of soybeans as they've been a sacrificial lamb in this spat but the 25% tariff on soybean imports into China still remains for now," Peter Boockvar, chief investment officer at Bleakley Advisory Group , wrote in a note Monday.
Shares of Deere & Co. jumped more than 4 percent Monday.