Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. Trade Representative Robert Lighthizer will meet with officials from the European Union and Japan at the ministerial meeting of the Organization for Economic Co-operation...World Economyread more
Markets have been lulled into a false sense of calm and are unprepared for the impact of a seismic shift in Chinese economic policy, according to Saxo Bank chief economist Steen Jakobsen.
The world's second-largest economy exceeded expectations to grow by 6.4% in the first quarter from the same period in 2018.
Statements from the Communist Party's Politburo have since signaled that Chinese officials see the growth outlook improving, feeding speculation that Beijing may begin to scale back its stimulus package.
Jakobsen suggested in an emailed note Thursday that China's change in focus from economic support to structural reform will result in a fade in outperformance of Chinese stocks, with the U.S. dollar and U.S. yields breaking higher.
"President Xi seems to be 'happy' with progress and performance, now shifting gears to consolidation from what we called 'the global policy panic,'" he said.
"We are now entering 'the false stabilization', where policymakers go from stimulus to autopilot. This coincides with massive momentum divergence signals in China and also in U.S. stock markets, which of course make us sit up and take notice even more."
Saxo Bank has been long China since early in the fourth quarter, but is now moving to neutral from a large overweight position, as Jakobsen anticipates flat performance and "very little upside" throughout the summer.
This is unless the U.S. and China announce a trade deal, which should "provide an excuse to take profit on all overweight risk-on trades".
"Real risk starts in late July/August when both policy actions and actual data will show none to little overall improvement in economic growth," Jakobsen said.