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
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.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
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
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
The price war between major U.S. brokerages heated up Tuesday after Charles Schwab and Fidelity both announced they would expand commission-free trading to hundreds more exchange-traded funds.
Both companies said they would make around 500 ETFs available for trading at no cost, each doubling the amount of funds in their offerings. The funds being added include hundreds of iShares ETFs, products developed by BlackRock, the world's biggest asset manager.
Retail investors have gobbled up ETFs in recent years, attracted to their lower fees compared with traditional mutual funds. As of the end of December, ETFs held some $3.3 trillion of assets, according to the Investment Company Institute. The thirst for cheap products has led to a war for investor dollars among the major online brokers.
First rival firms started slashing commissions for trading. Then they began eliminating trading fees altogether, but on a limited set of ETFs. Vanguard threw down the gauntlet last year when it announced it would eliminate transaction fees on some 1,800 ETFs, including those from rival asset managers.
J.P. Morgan entered the fray last year, too, rolling out a digital investing product that includes free or discounted trades on stocks and ETFs for one year for all customers, and permanently for those above a certain threshold of money held at the bank.
Banks and brokerages are "fighting to get the money to be sticky on their platforms," said Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA. For investors, they will be able to build a portfolio of ETFs "without having to worry about the implementation cost."
Fidelity said Tuesday that it is expanding an existing partnership with iShares, adding them to its commission-free offering as of Feb. 28. It is also adding more funds in specialized categories like smart beta and actively managed funds.
Schwab says it's adding iShares ETFs to its OneSource offering as of March 1. It also said it will add ETFs from Invesco, State Street Global Advisors and WisdomTree among others.