A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
Escalating trade tensions have hit emerging markets hard this month. With the trade war still a looming fear for markets, Miller Tabak equity strategist Matt Maley is making a...Trading Nationread more
Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
The global economy would be hit hard if President Donald Trump decides to impose steep tariffs on imported cars, Citi's Willem Buiter told CNBC on Thursday, with Germany...Autosread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
The chairman of President Donald Trump's Council of Economic Advisers said Wednesday the United States could post no economic growth in the first quarter if the federal government does not reopen.
"If [the shutdown] extended for the whole quarter, and given the fact that the first quarter tends to be low because of residual seasonality, then you could end up with a number very close to zero in the first quarter," Kevin Hassett told CNN.
Asked whether GDP growth could hit zero in the quarter, Hassett said "Yes, we could."
"But then again, the second-quarter number would be humongous if the government reopened. It would be like 4 or 5 percent," Hassett said.
In recent decades, GDP growth in the first quarter has been notably weaker than growth in other quarters.
The federal government shutdown was in its 33rd day Wednesday, with little sign of relief for the roughly 800,000 federal workers going without pay. The Senate on Thursday is holding votes on competing GOP and Democratic proposals that would fund the government through Feb. 8. Neither measure is expected to pass because of the parties' standoff over President Donald Trump's demand for $5.7 billion for a wall along the Mexican border.
Hassett added later in the CNN interview that he believes the United States and China could reach a trade deal by the March 2 deadline.
Trade negotiations between Washington and Beijing have stretched for months amid their tit-for-tat trade war. The countries reached a truce following Trump's meeting with Chinese President Xi Jinping in Argentina on Dec. 1.