Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
SHANGHAI, May 31 (Reuters) - China and Hong Kong stocks were largely steady on Friday, but were poised to post their worst monthly performance since October last year, as an escalation in trade tensions between Beijing and Washington stoked economic slowdown fears.
** China's blue-chip CSI300 index rose 0.1% to 3,643.39 at the end of the morning session, while the Shanghai Composite Index was unchanged at 2,906.01.
** So far this month, CSI300 and SSEC indexes slumped 6.9% and 5.6%, respectively, on track to record their biggest monthly decline since October.
** In Hong Kong, the Hang Seng index dropped 0.2% to 27,066.11, having lost 8.9% in May so far. The Hong Kong China Enterprises Index gained 0.1% to 10,462.26.
** Trade tensions between Beijing and Washington rapidly worsened this month, after U.S. President Donald Trump accused China of reneging on earlier promises in trade talks, and slapped fresh tariffs on $200 billion of Chinese goods, triggering retaliation from China.
** China's President Xi Jinping and U.S. President Donald Trump are likely to find it "difficult" to make major progress toward ending their countries' trade war when they meet at a G20 summit in Japan in June, Dai Xianglong, a former Chinese central bank chief said on Friday.
** Meanwhile, an official survey released on Friday showed that China's factory activity in May slumped into a deeper contraction than markets had expected, heaping pressure on Beijing to roll out more stimulus to support an economy hit hard by a bruising trade war with the United States.
** China's rare earth-related firms were again in the spot light on Friday, with media reports raising speculations that the material might be used as a weapon in the trade front.
** China is willing to meet reasonable demand for rare earths from other countries, but it would be unacceptable that countries using Chinese rare earths to manufacture products would turn around and suppress China, its commerce ministry said.
** Rare earth-related shares, including Shenghe Resources Holding Co Ltd, Beijing Zhong Ke San Huan High-Tech Co Ltd and Jl Mag Rare-Earth Co Ltd soared, helping lift an index tracking the metal sector by 1.7%.
(Reporting by Samuel Shen and John Ruwitch; Editing by Rashmi Aich)