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
Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities.China Economyread 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
Media giant Netflix shouldn't be too worried about Apple's new streaming service, which is expected to be announced on Monday, closely followed analyst Mark Mahaney told CNBC.
"We think that can be reason by itself to buy stock in the short term," Mahaney said of the show, which has earned more than 30 Emmy nominations since its debut in 2016.
Mahaney said the other reason is the sheer number of the company's subscribers. Netflix is on track for having 200 million subscribers, and Mahaney said he expects it to reach 300 million in three to four years.
The streaming giant "can economically outspend anyone else," he said. This year the company is reportedly spending nearly $7 billion in cash to expand original content, while Disney is expected to spend around $1 billion on original content.
As NBC, Disney and Apple announce they're joining the streaming market, Mahaney said most consumers will use only two or three entertainment bundles and Netflix is likely to be one of those.
That doesn't mean there won't be competition. CNBC previously reported that Apple's service is expected to give iPhone and iPad users access to free original content as well as subscription channels.
Shares of Apple rose on anticipation of the announcement, and Needham raised its price target on the stock to $225 from $180. Needham analysts wrote that if users adopt Apple's streaming service, it "should lower churn and drive higher lifetime value."
But Mahaney said Netflix has the subscribers and the funding down right. While Apple has a large cash balance on hand, Mahaney said it's unclear whether Apple "wants to directly take on Netflix."
"This offering doesn't seem as directly taking on Netflix as, say, the Disney offering does," he said. "Apple has the cash if they want to get into it. The question is whether they could actually get the economics like Netflix can in order to justify it."