More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
U.S. stock futures were indicating at higher Tuesday open on Wall Street, a day after the Dow Jones Industrial Average made back nearly half of Friday's more than 600-point plunge. Stocks started the week higher as President Donald Trump said at the G-7 summit that China called and said it was ready for serious talks. China disputed whether a call took place. The Dow, S&P 500 and Nasdaq remained solidly in the red for August, tracking for their second monthly loss in an otherwise strong year of gains.
China's yuan weakened for the ninth straight session Tuesday, plumbing new 11½-year lows for the currency, as twists in the trade war between Beijing and Washington left investors skeptical of the chances of a near-term deal. The yuan has lost nearly 3% against the dollar since Aug. 1, when Trump threatened tariffs on more Chinese goods, starting next month. The Trump administration has accused China of currency manipulation, weakening the yuan in order to gain a trade advantage.
Despite concern about slowing global economic growth and a U.S. recession due the trade war, Starbucks CEO Kevin Johnson said the American consumer remains strong. "We have not seen signs in the U.S. of anything related to a slowdown," he told CNBC on Monday evening. "Right now we're firing on all cylinders." Last month, the Seattle-based coffee giant said its latest sales in China remained strong in the face of worries about trade and increased competition there from China-based rival Luckin Coffee.
Shares of Johnson and Johnson were 2% higher in premarket trading on Tuesday, after an Oklahoma judge levied a smaller-than-expected fine against J&J in a landmark opioid case. The ruling, which J&J intends to appeal, said the company and subsidiary Janssen repeatedly downplayed the risks of addiction to opioids. The $572 million judgment covers one year of costs under Oklahoma's plan to combat the crisis. The state had asked for more than $17 billion.
Kurt Zumwalt, Amazon's global treasurer, has departed after 15 years of helping manage the company's cash and overseeing investments and debt financing. Zumwalt left Amazon last week, according to people familiar with matter who asked not to be named because the news had not been made public. Zumwalt, who recently updated his LinkedIn profile to reflect his departure, is the latest high-profile executive to exit. He had reported to CFO Brian Olsavsky.
— Reuters contributed to this report.