Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
Apple CEO Tim Cook was the commencement speaker at Tulane University Saturday. In his speech, the tech executive focused on the importance of addressing climate change and...Power Playersread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Some analysts see streaming services like Netflix becoming hindered by one of the things that made them so popular in the first place — binge watching.Entertainmentread more
There is a shortfall of cybersecurity workers that could reach as high as 3.5 million unfilled roles by 2021. A start-up called Synack provides crowdsourced security, and...CNBC Disruptor 50read more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
CNBC and SurveyMonkey's latest small business optimism index echoes that sentiment, finding 52 percent of small businesses say it's harder to find workers today than it was a...US Economyread more
CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward.Marketsread more
Western Union is not panicking, but the delivery of money around the world is being upended, says CEO of upstart TransferWise. It broke into the $689 billion remittances...CNBC Disruptor 50read more
* Asian stock markets: https://tmsnrt.rs/2zpUAr4
* Futures for Nikkei, S&P 500 slip in early trading
* Major currencies calm for the moment
SYDNEY, May 13 (Reuters) - Stock futures turned red in Asia early on Monday as a standoff in Sino-U.S. trade talks blunted risk appetite, underpinning safe harbors including the Japanese yen and sovereign bonds.
Nikkei futures were trading 0.9 percent lower while E-Mini futures for the S&P 500 lost 0.75 percent.
Treasury futures firmed 4 ticks, partly as a safe haven but also on speculation a trade war would cloud global growth and thus keep major central banks accommodative.
The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any "bitter fruit" that harmed its interests.
The trade war between the world's top two economies escalated on Friday, with the United States hiking tariffs on $200 billion worth of Chinese goods after President Donald Trump said Beijing "broke the deal" by reneging on earlier commitments.
"Talks are on-going, but our base case is for limited progress and Chinese retaliation. We see a significant risk for all Chinese imports to be subject to tariffs over the next month or so," said Michael Hanson, head of global macro strategy at TD Securities.
"The market reaction will ultimately depend on whether China and the U.S. continue to negotiate, whether the remaining $325 billion of U.S. imports from China also get tariffed, how China retaliates, and what happens to the 232 auto tariffs."
Under that scenario, the renminbi was likely to fall between 5%-6% against the U.S. dollar in the coming three months, said Hanson, as a shock absorber to the economic impact of heavier tariffs.
The other major currencies were relatively calm, with the safe-haven yen still supported but not aggressively so. The dollar was holding at 109.73 yen, just above a 14-week trough of 109.46.
The euro was also steady at $1.1235, while the dollar was a fraction softer against a basket of currencies at 97.289 .
In commodity markets, spot gold edged up a touch to $1,287.50 per ounce.
Oil prices were softer in line with the general mood of risk aversion. U.S. crude was last down 24 cents at $61.42 a barrel, while Brent crude futures lost 19 cents to $70.43.
(Reporting by Wayne Cole; Editing by Daniel Wallis)