Many investors and analysts have increasingly lowered their expectations for the U.S. and China to find a quick resolution.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
European markets traded lower Wednesday as investors monitored the increasing involvement of technology giants in the U.S.-China trade war.
The pan-European STOXX 600 closed provisionally around 0.15% lower, banks showing a 1.45% drop while technology stocks led gains, rising 1.24%.
U.K. stocks traded 0.21% above the flat line, supported by a slide in the Brexit-affected pound. At the time of the closing bell, sterling fell below $1.263 at one stage during the afternoon.
Investors will be monitoring trade developments between the world's two largest economies, after a reprieve from the U.S. temporarily backing off its blacklisting of Chinese telecommunications giant Huawei caused European markets to rebound slightly Tuesday.
However news has filtered through that similar sanctions could now be placed on a Chinese video surveillance firm, raising concerns that the tech sector will become central to a drawn out trade war.
China is also apparently set to rethink its entire economic relationship with the U.S., according to a report from The South China Morning Post. The report said China is considering dropping purchases of natural gas from the U.S.
Stateside, investors will also be monitoring domestic and geopolitical developments, as House Democrats subpoenaed two more former White House aides just hours after former White House Counsel Donald McGahn no-showed for testimony at President Trump's request.
Back in Europe, U.K. Prime Minister Theresa May sought to break the Brexit deadlock with the main opposition Labour Party and pro-European Union lawmakers, outlining to Members of Parliament her latest deal which includes a vote on whether to hold another referendum if they back her EU Withdrawal Agreement Bill.
However, Labour's Brexit spokesman suggested the embattled Prime Minister should admit defeat rather than putting the divorce deal back to a fourth vote. Sterling fell broadly as May's last-ditch plan faced opposition from across the benches and within her own party.
Meanwhile, the Austrian far right FPO crashed out of the country's coalition government after the president sided with Conservative Chancellor Sebastian Kurz and sacked its interior minister following a sting video.
Elsewhere, British retailer Marks & Spencer reported full-year results, leading its share price 9.4% lower by the closing bell with traders pointing to the launch of a £601.3 million rights issue, despite profits rising 27%.
Royal Mail shares rose 5.4% as a result of a promise of a further £1.8 billion ($2.29 billion) investment in a U.K. turnaround plan in its full-year results, in which the former state-owned monopoly cut its dividend by 40%.
IG Group shares climbed 13.1% after it unveiled a plan to drive growth, despite forecasting a sharp fall in full-year net trading revenue and operating profit.
British asset manager Intermediate Capital Group was a strong performer, its stock rising 6.1% after full-year results showed a 29% rise in assets under management.
Danish IT company Simcorp jumped 11.1% after reporting first-quarter earnings before interest and tax (EBIT) of 26.4 million euros.