Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.Singapore Summitread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Singapore Summitread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Singapore Summitread more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)
* Financials rebound after sell-off
* Energy shares up the most among 11 major S&P sectors
* Autodesk drops after FY earnings forecast cut
* Indexes up: Dow 0.84%, S&P 0.62%, Nasdaq 0.38% (Updates to early afternoon)
Aug 28 (Reuters) - U.S. stocks recovered from early losses on Wednesday, helped by financial stocks, although investors were guarded as worries about a recession loomed and trade tensions between the United States and China dragged on.
The financial sector was up 1.03%, clawing back some of the losses from the previous session that was triggered by a deepening of the U.S. Treasury yield curve inversion, widely considered as a harbinger of a slowdown.
Gains in the benchmark S&P 500 index were also supported by a 1.7% jump in energy stocks after industry data showed a fall in stockpiles of U.S. crude, boosting oil prices.
Oil majors Chevron Corp and Exxon Mobil Corp rose nearly 1%.
"It's the last real vacation week of the year in terms of summer so there are not a lot people around. You are also not seeing any new reasons in the overnight for people to sell the market," said Peter Kenny, founder of Kenny's Commentary LLC and Strategic Board Solutions LLC in New York.
Investors are also awaiting the monthly jobs report and manufacturing data next week to gauge the pace of interest rate cuts.
The U.S. Trade Representative's office on Wednesday also reaffirmed President Donald Trump's plans to impose an additional 5% tariff on a $300 billion list of Chinese imports starting on Sept. 1 and Dec. 15.
At 12:59 p.m. ET, the Dow Jones Industrial Average was up 216.62 points, or 0.84%, at 25,994.52, the S&P 500 was up 17.67 points, or 0.62%, at 2,886.83. The Nasdaq Composite was up 29.70 points, or 0.38%, at 7,856.65.
Technology stocks dipped 0.06%, pressured by declines in shares of Microsoft Corp and Autodesk Inc .
Shares of the AutoCAD software maker slid 8.1%, the most on the S&P 500, after the company cut its full-year earnings forecast.
Shares of Tiffany & Co rose 2.8% after the luxury jeweler reported quarterly earnings above analysts' estimates.
Coty Inc rose 4.4% after the cosmetics maker raised its full-year revenue forecast, betting on a multi-year turnaround plan that involves increased investments in advertising and cost cuts.
Hewlett Packard Enterprise Co's shares added 3.7% after the company beat profit estimates and raised its 2019 adjusted earnings forecast.
Advancing issues outnumbered decliners by a 2.87-to-1 ratio on the NYSE and by a 2.51-to-1 ratio on the Nasdaq.
The S&P index recorded seven new 52-week highs and 38 new lows, while the Nasdaq recorded 20 new highs and 140 new lows. (Reporting by Akanksha Rana and Shreyashi Sanyal in Bengaluru; Editing by Anil D'Silva and Maju Samuel)