Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
With "tariff man" President Trump waging a tariff war and Democratic candidates pushing against big international deals, free trade has become politically homeless, writes...2020 Electionsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
Since the Cambridge Analytica scandal in March 2018, Facebook has suspended tens of thousands of apps stemming from an investigation into its developer ecosystem.Technologyread more
Uber Technologies Inc sued New York City on Friday over a new rule limiting how much time its drivers can spend in their vehicles.Transportationread more
The former top aide of retired United Auto Workers Vice President Joe Ashton, a former member of the GM's board, was charged Friday with conspiracy to commit wire fraud and...Autosread more
Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
The wearables company has retained advisors to consider exploring a sale of the business.Technologyread more
After last week's fumbled nuclear summit in Vietnam, Beijing is worried President Donald Trump might walk away from the negotiating table.
Nuclear talks between Trump and North Korea's Kim Jong Un were cut short after the two sides failed to reach an agreement. The collapse of the Hanoi summit came as a surprise as many experts had predicted that both leaders would try to reach a deal on smaller items.
That diplomatic snafu led Chinese officials to grow worried Trump could do the same in trade talks, a senior administration official told CNBC on Friday.
"The Chinese saw him walk away from North Korea and they're concerned he will walk away from the China deal," the official said. "You don't want to send Xi to Mar-a-Lago and have Trump walk away. That would be a diplomatic catastrophe."
The official said a face-to-face meeting between China's Xi Jinping and Trump is still a ways off, given that the two to three weeks of summit preparation work has not started yet. To ensure such a summit would not follow the same fallout as the nuclear talks in Hanoi, the official said Beijing and Washington are going through "line-by-line negotiations."
"What they don't want is to send their guy here and POTUS says 'nope I'm out of here, see you on the 9th hole,'" the official said.
Earlier Friday, there were reports that a meeting between the two leaders at Mar-a-Lago was cancelled. The White House said that nothing has officially been scheduled or cancelled.