Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
European stocks made a comeback to trade higher Wednesday on news that President Donald Trump plans to delay the implementation of auto tariffs on European car imports.
The pan-European STOXX 600 closed provisionally 0.39% up in trade. Autos jumped 2.02 percent higher after initially being the weakest sector.
Three sources told CNBC the administration will delay those levies by up to six months. The news, which was first reported by Bloomberg News, sent auto stocks higher. Porsche, BMW and Daimler all enjoyed rises of around 3%.
Meanwhile, in a substantial piece of corporate news, reports Tuesday suggested Italian bank UniCredit has stepped up preparations to bid for Commerzbank, just weeks after talks a deal with previous suitor Deutsche Bank fell through. Commerzbank shares traded 2.9% lower Wednesday afternoon.
Dutch bank ABN Amro reported a 20% drop in first-quarter net profit to 478 million euros ($536 million). Its stock recovered to a 1.07% rise during Wednesday.
Credit Agricole also posted falling first-quarter net profits with an 11% decline to 763 million euros, its stock falling 2.6% by mid-afternoon.
Shares of British lender CYBG closed up 3.3% after it swung to a first-half profit, while the worst early performer was German internet company United Internet, which fell 6.29% after its first-quarter results.
Embattled German industrials giant Thyssenkrupp dropped 5% during the afternoon session. The fall came after union IG Metall demanded a fresh concept from the company's management.
Germany announced a return to economic growth in the first quarter Wednesday, a development Economy Minister Peter Altmaier told Reuters was a "first ray of hope" following two quarters without expansion.
For the U.S., strategists have urged caution as tensions ratchet up, with the Federal Reserve Bank of New York's gauge of recession probability over the next 12 months now at 27.5%, the highest since the financial crisis.
President Donald Trump softened his tone on his global trade war Tuesday, referring to it as a "little squabble" and insisting talks had not collapsed.
Back in Europe, the U.K. government announced that Prime Minister Theresa May will bring her Brexit deal back to Parliament in the week of June 3, as talks with the main opposition Labour party continue despite an apparent lack of progress.