"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
U.S. aviation officials believe a bird strike may have led to the deadly crash of an Ethiopian Airlines Boeing 737 Max in March, according to a person familiar with the...Aerospace & Defenseread more
CNBC's Jim Cramer says Morgan Stanley cutting its worst-case forecast on Tesla so drastically from $97-per-share appears to be a gimmick.Investingread more
The Time's Up Legal Defense Fund, the American Civil Liberties Union and fast-food workers coalition Fight for $15 said Tuesday that they have filed 23 new complaints against...Restaurantsread more
Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of...Real Estateread more
The move, which was expected, has set up an early legal test of the president's strategy of fighting off congressional oversight by rejecting the legitimacy of subpoenas he...Politicsread more
"Let me be clear: This committee will hear Mr. McGahn's testimony, even if we have to go to court to secure it," Nadler says.Politicsread more
Morgan Stanley analysts said the reduction was driven by concerns around Chinese demand for Tesla products.Autosread more
The California state Senate is considering legislation that would ban law enforcement's use of facial recognition technology in body cameras.The proposal passed the Assembly...Politicsread more
The Fed should take its cues from falling bond yields and lower short-term interest rates, says conservative economist Art Laffer.Economyread more
Leuthold Group's Jim Paulsen sees a silver lining as the U.S.-China trade war rattles the market.Trading Nationread more
European markets closed lower on Monday after a shock contraction in Chinese exports heightened fears of a slowdown in global growth.
The pan-European Stoxx 600 was down 0.6 percent at the end of the session, with all major bourses in negative territory. Almost all sectors were also trading in the red.
Europe's technology stocks were the worst performers, down more than 1.5 percent. It comes after official data from China on Monday showed imports fell 7.6 percent year-on-year in December, while analysts had anticipated a 5 percent rise.
Additionally, China's exports unexpectedly dropped 4.4 percent, defying projections of a 3 percent gain. The news appeared to reinforce worries that U.S. tariffs on Chinese goods were starting to take a heavy toll on the world's second-largest economy.
Oil prices edged lower on Monday on the back of the data from China, with concerns being raised that fuel demand would be hurt by a global economic slowdown. U.S. markets also saw a slump, with all major indexes falling during morning trade.
Looking at individual stocks, Denmark's Pandora slumped toward the bottom of the European benchmark, after Morgan Stanley slashed its price target for the company. The Copenhagen-listed stock slipped 6 percent.
Elsewhere, Britain's Burberry was trading in positive territory after Bank of America Merrill Lynch raised its stock recommendation to "neutral" from "underperform." Shares of the luxury stock rose on the back of the news.
Back in Europe, Brexit remains in the spotlight.
British lawmakers are poised to vote on Prime Minister Theresa May's much-maligned Brexit deal on Tuesday, with less than 75 days to go before the country leaves the European Union.
Remarkably, May's template to exit the bloc faces virtually certain defeat.
That leaves the prospect of a complete collapse of government, a disorderly exit from the bloc or even the entire Brexit process being scrapped altogether over the coming weeks.
Sterling briefly jumped to a two-month high on Monday as U.K. broadcaster ITV reported a group of Conservative lawmakers would support May's deal in parliament.
This however was swiftly rejected by an influential lawmaker within the group, prompting a reversal in the pound's sudden move.