The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Stocks rose on Monday after President Donald Trump said he would delay placing additional tariffs on Chinese goods. Equities also got a boost from dealmaking activity.
The Dow Jones Industrial Average jumped as much as 209.61 points before closing 60.14 points higher, at 26,091.95 led by gains in Caterpillar and DowDuPont. The gained 0.1 percent to 2,796.11 as the materials and tech sectors outperformed. The Nasdaq Composite climbed 0.36 percent to close at 7,554.46. The major indexes fell towards the lows of the day in the final minutes of trading.
Trump said in a series of tweets the U.S. would not add more tariffs on imports from China at the start of March. He cited "substantial progress" in bilateral talks between the world's two largest economies, including intellectual property protection and technology transfer issues. However, he did not state a new deadline.
Chinese stocks rallied on Trump's tweets overnight. The Shanghai Composite surged 5.6 percent, posting its biggest one-day gain since July 9, 2015. Meanwhile, the iShares China Large-Cap exchange-traded fund (FXI) gained 2 percent in U.S. trading. Trade bellwethers Caterpillar and Boeing rose 1.97 percent and 0.67 percent, respectively.
"As long as China and the U.S. are talking, the market will think something will get done," said Michael Cuggino, president at Permanent Portfolio Funds. "That's a good thing."
Trump hinted last week that a delay may be happening when he said the early March deadline was not a "magical date." The news also comes after sources familiar with the situation told CNBC last week that the United States and China are discussing a late March meeting between Trump and Chinese President Xi Jinping in Florida.
"The market seems to expect a grand 'trade deal' soon," Barry Bannister, head of institutional equity strategy at Stifel, wrote in a note. However, "major deals bring unexpected changes, and also the U.S./Europe (autos) conflict awaits."
Sentiment was also lifted after General Electric announced it will sell its biopharmaceutical business to Danaher for $21.4 billion. News of the deal sent GE shares up more than 6 percent. Danaher's stock also jumped 8.5 percent.
Meanwhile, Barrick Gold launched a bid to acquire Newmont Mining for $7 billion in an all-stock deal. If approved, the deal would come after years of stagnant gold prices. The precious metal has been trading between $1,000 and $1,400 per ounce in recent years.
The major indexes kicked off the week after a solid week. The Dow and Nasdaq posted their ninth straight weekly gain last week, while the S&P 500 recorded its eight one-week rise in nine.
"While sentiment is growing a bit more constructive from its December 2018 pessimistic levels, it's nowhere near levels of complacency that marked the peak around this time last year," said Mark Newton, managing member at Newton Advisors. "Heading into the final week of February, there still seems to be little with regards to price or momentum lately that would suggest this trend is stalling out."
—CNBC's Spriha Srivastava and Eustance Huang contributed to this report.