It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
Mark Zuckerberg has been on a selling spree in August and has unloaded $526 million worth of stock this year.Technologyread more
Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google's decision to work in China, while abandoning military contracts in the US.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Cui Tiankai, the Chinese ambassador to the United States, said on Tuesday that U.S. negotiators have "often" backed out on partial trade deals at the last minute.
"If we review the process of trade talks between us over the last year or so, it is quite clear it is the U.S. side that, more than once, changed its mind overnight, and broke the tentative deal already reached," Cui told Fox News.
"It is the U.S. side who changes its mind so often," Cui added.
Cui said, as a result, China has a "no rush" attitude to restarting trade negotiations with the U.S.
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports, and China is reportedly considering canceling the next round of meetings in Beijing — even before the U.S. officially accepted the invitation. Treasury Secretary Steven Mnuchin has appeared open to accepting China's invitation to bring a U.S. delegation.
"China remains ready to continue our talks with our American colleagues to reach a conclusion. Our door is still open," Cui said.
Chinese President Xi Jinping said earlier on Tuesday that his country is beginning on a "new Long March," hinting that China does not expect the trade war to end soon.
After talks broke down earlier this month, President Donald Trump increased U.S. levies to 25% from 10% on $200 billion worth of Chinese goods. China quickly retaliated, raising tariffs on $60 billion of U.S. goods to 25%.
Trump is considering another tariff hike on another set of Chinese goods worth about $300 billion.