While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia were mixed on Tuesday, as the People's Bank of China published its new loan prime rates which would result in cheaper borrowing costs for companies.Asia Marketsread more
President Donald Trump told reporters Wednesday that there was a "glitch" in the stock market last month, but that equities should recover as the U.S. completes trade deals with countries like China.
"Our country is doing by far than any other country in the world. We're the talk of the world," Trump told reporters during an ongoing Cabinet meeting. "We had a little glitch in the stock market last month, but we're still up about 30 percent from the time I got elected."
"It's going to go up once we settle trade issues and a couple of other things happen," Trump said. "It's got a long way to go."
Watch Trump's casino company IPO on the NYSE in 1995...then file for bankruptcy
The dropped more than 9 percent for its worst December performance since 1931. According to S&P Dow Jones Indices' Howard Silverblatt, U.S. stocks lost about $2.9 trillion in value last month. Those losses also pushed the broad stock index to its worst annual performance since 2008 — when it plunged more than 38 percent. For 2018, the S&P 500 pulled back 6.2 percent.
Equities fell sharply in December as investors grappled with fear that the Federal Reserve might be making a monetary policy mistake, worries about a possible economic slowdown, and ongoing trade negotiations between China and the United States.
China and the U.S. agreed to a 90-day truce on Dec. 1 to try and strike a permanent trade agreement. Both countries have slapped tariffs on billions of dollars worth of each other's goods.
Watch: Stocks open the new year on a down note — Here's what three experts say investors should watch out for