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
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread 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
Citi Research downgraded its rating on Yelp shares to neutral from buy, saying the company's recent 2019 earnings forecasts were "disappointing."
"The topline outlook points to more challenging near-term business conditions than we expected," Citi said in a note to investors on Thursday.
"Valuation is also no longer cheap on a relative basis," Citi added.
Yelp provided 2019 revenue guidance of 8 percent to 10 percent growth, which was below Wall Street's expectation of 10.5 percent according to FactSet. Additionally, the company expects revenue growth of 4 percent to 6 percent in the first quarter of 2019, far below the 10 percent to 12 percent analysts were expecting.
"If the company is able to reaccelerate growth in 2020 ... and it is able to achieve its 2023 targets ... there would be meaningful upside to our and consensus forecast," Citi said. "That said, current business trends do not support that outlook in our view."
Yelp shares rose nearly 2 percent in premarket trading from Wednesday's close of $38.46 a share. Citi has a $40 a share price target on Yelp's stock.