Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Investing and savings start-up Acorns is one step closer to a billion-dollar valuation.
The six-year-old company announced a Series E funding round on Monday that brings its valuation to $860 million, the company said. The new $105 million cash injection came from Comcast Ventures, NBCUniversal, Bain Capital Ventures, BlackRock, TPG's Rise Fund, DST and Michael Dell's MSD Capital.
NBCUniversal, which is now Acorns' biggest shareholder, will also receive a seat on the start-up's board. It will be filled by CNBC Chairman Mark Hoffman. Acorns — which its CEO, Noah Kerner, describes as a "financial wellness system" — also announced it is partnering with CNBC to produce original content.
The new valuation is more than three times what it was after its 2016 fundraising round. It also tops two industry competitors. Robo-advisor Betterment, by comparison, has a $700 million valuation, while Wealthfront is valued at $500 million, according to Pitchbook.
Irvine, California-based Acorns is best known for saving and investing services products, which have ushered in 4.5 million users. One of its five products allows customers to automatically invest the spare change from debit or credit card purchases. If an Acorns user buys a latte for $2.75, the mobile app would round up to the nearest dollar and put that remaining 25 cents into an Acorns investment account, which is then put into professionally managed index funds.
It also has an automated retirement account service called "Acorns Later" that has brought on more than 350,000 investors who have invested $40 million to date, according to the company.
The average Acorns customer is around 32 years old with an income between $50,000 and $60,000. But it has also attracted customers as old as 98, Kerner said. The CNBC partnership is designed to reach an "up-and-coming" financial audience, who are less financially savvy.
Disclosure: Comcast owns CNBC's parent company, NBCUniversal.