Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Check out the companies making headlines midday Tuesday:
Allergan, Abbvie — Allergen jumped more than 26% after news that the pharmaceutical company would be bought by Chicago-based AbbVie. Investors sold off AbbVie as its shares fell more than 16%. The proposed deal is for $63 billion of cash and stock, excluding debt.
Microsoft — Shares of Microsoft dropped 2.5% after an analyst at Jefferies raised concern about the long-term success of the company's cloud service, Azure, relative to Amazon Web Services (AWS). "Azure will likely never see margins similar to AWS at scale, and the long-term margin of even AWS may be lower than most expect," the analyst said.
GrubHub — GrubHub gained 5% after Citi upgraded of the food delivery service to "buy" from "neutral." Citi said it sees a "more favorable" opportunity for the stock to rise, citing improvement in the company's delivery network "efficiencies" and possible partnerships with large chains.
GasLog — Shares of GasLog rose 3.2% after Stifel upgraded the natural gas transport company to "buy" from "hold," citing expectations of rising revenue for natural gas shipping vessels in the back half of the year.
Pivotal Software — The software company's stock fell 4.1% after an analyst at Bank of America/Merrill Lynch downgraded it to "underperform" from "neutral." The analyst said Pivotal faces "industry and company specific headwinds."
Shake Shack — The American fast casual restaurant's stock rose after analysts at Credit Suisse upgraded the stock to "outperform" from "neutral," citing the company's success on digital platforms and delivery services.
Kellogg — Kellogg shares slid 2.3% after an analyst at Consumer Edge downgraded them to "underweight" from "equal weight." The analyst said a roughly 20% increase in spot grain prices "foretell an H2 cost headwind to offset recent energy & freight tailwinds."