A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Tensions between Washington and Beijing have increasingly turned toward technology in recent weeks. The U.S. placed Huawei on a blacklist that restricts American firms from doing business with the Chinese tech giant earlier this month, while China is said to be considering limiting rare earth exports to America — which are materials critical in the production of things like iPhones and electric vehicles.
"The technology war is not going to end," Alastair Newton, director of Alavan Business Advisory and a former British diplomat, told CNBC's "Squawk Box" on Wednesday. "Technology is where this battle is going to be fought out, even if we do get a trade deal on bilateral goods."
Newton said he wouldn't be surprised if U.S. President Donald Trump and Chinese President Xi Jinping, who will be meeting at the G-20 summit in Japan at the end of June, "shake hands on an outlined deal" that could be finalized by October.
Another analyst also predicted that trade talks might resume at the G-20 meeting in June, but she was less optimistic about a deal.
"I would be looking at the G-20 as a natural venue for the presidents to agree to resume negotiations, and maybe walk back tensions a little bit, but not as a place for an actual agreement," J.P. Morgan's Global Market Strategist, Hannah Anderson, told CNBC on Wednesday.
Whether there will be a deal or not, tensions on the trade front might not go away. Newton predicted that Trump could turn his attention to Europe and take the tariff fight there.
— CNBC's Weizhen Tan contributed to this report.