The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Shares of RPC, a small oil and gas company based in Atlanta, jumped following positive comments from billionaire investor Mario Gabelli.
"I've been following it for 50 years," Gabelli told CNBC's "Halftime Report " of the stock, which closed Monday at $5.54 a share. "If you look at the wiggles, it's been $25 three or four times. They are in total control. There is no debt. They are a pressure-pumping, infrastructure supplier."
RPC shares traded more than 11% higher to around $6.16 after Gabelli's comments. However, the stock is down around 50% over the past four years and has lost more than 37% in 2019.
"Short term, things are terrible," he said. But "somewhere in the next three years, if oil stays at $60 in West Texas, you are going to have a stock that's $15-$20. You just sit there and buy it while everybody else is puking it out."
Gabelli is a value investor, meaning he tries to find stocks the market has undervalued and are poised to return to their appropriate valuation.