Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Such a deal could include agreements on "easy items" such as China buying more U.S. agriculture products, says Blackstone Executive Vice Chairman Tony James.World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Hong Kong's private sector activity declined at the fastest pace in more than a decade in August, a business survey showed on Wednesday, as an escalating trade war and local political unrest hit all aspects of demand.
The IHS Markit Hong Kong Purchasing Managers' Index (PMI) sank to 40.8 in August from 43.8 in July, signalling the steepest deterioration in the private sector since February 2009.
"The latest PMI data reveal a Hong Kong economy flirting with recession in the third quarter as business activity is increasingly aggravated by protest-related paralysis," said Bernard Aw, Principal Economist at IHS Markit.
Hundreds of thousands of people have taken to the streets since mid-June in protests calling for greater democracy in the former British territory. The demonstrations pose a direct challenge to Beijing, which has accused foreign powers, particularly the United States and Britain, of fomenting unrest.
Both the trade headwinds and political crisis have fanned business pessimism, with confidence slumping to its lowest on record, the survey showed.
New orders continued declining and at the sharpest pace since February 2009, dragged by a record decline in new business from mainland China.
Hong Kong is on the verge of its first recession in a decade as the economy shrank 0.4% in April-June from the previous quarter, data showed, as increasingly violent protests turned away tourists and hit retail sales in one of the world's most popular shopping destinations.