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
(For a live blog on European stocks, type LIVE/ in an Eikon news window)
June 3 (Reuters) - European shares took another leg down on Monday as China sent another shot across Washington's bows on trade, stirring fears of recession, while German chipmaker Infineon's deal to buy a U.S. peer weighed on the technology sector.
The pan-European STOXX 600 was down 0.6% by 0720 GMT, extending losses from Friday that marked its worst monthly performance this year. Germany's DAX, which is particularly exposed to trade risks, was down 0.7% to a two-month low.
Stock markets globally took a hammering in May, with the STOXX sinking more than 6% as a series of new developments in President Donald Trump's trade war with China and others convinced some investors a slide into recession was possible over the next year.
Data on Monday showed factory activity across most Asian countries contracted last month, indicating tariff wars were taking a toll. Results of the latest surveys on European and U.S. manufacturing are due later in the day.
In M&A news, Germany's Infineon agreed to buy U.S. peer Cypress Semiconductors in a deal valuing the company at 9 billion euros, including debt. Infineon's shares fell 5%, putting it at the bottom of the STOXX 600.
The tech sector, also heavily exposed to the trade issue, was down 1.1%, with other chipmakers STMicroelectronics and ASM International falling more than 1% each. (Reporting by Sruthi Shankar and Amy Caren Daniel in Bengaluru)