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U.S.-China Tensions Rise Amid Hong Kong and Trade Concerns

  • U.S.-China Tensions Rise Amid Hong Kong and Trade Concerns U.S.-China Tensions Rise Amid Hong Kong and Trade Concerns 2:17
    Opinion: U.S. Should Learn From Taiwan's Coronavirus Response Opinion: U.S. Should Learn From Taiwan's Coronavirus Response 3:23
    Coronavirus Update: U.S. Closes, Fed Rate Cut and Deaths Outside China Coronavirus Update: U.S. Closes, Fed Rate Cut and Deaths Outside China 1:57
    China's Toy Factories Transformed by Tariffs-That Didn't Kick In China's Toy Factories Transformed by Tariffs-That Didn't Kick In 5:57
9:42 a.m. Today - By Ciara Linnane
Coronavirus update: U.S. case tally climbs above 4.8 million as Trump contradicts health experts to claim virus will ‘go away’ ‘Anyone can open a school in a pandemic; keeping them open is going to be the challenge,’ says former CDC head Tom FriedenThe number of confirmed cases of the coronavirus that causes COVID-19 in the U.S. rose above 4.8 million on Thursday, a day after President Donald Trump again said the virus would just “go away,” while one of his leading health-care experts said the virus is unlikely to be under control until late 2021.
5:16 a.m. Today - By Steve Goldstein
Here’s the worrying message the market is sending about the economic recoverySure, the S&P 500 has rallied from the March lows. But other market indicators are telling a worrying story about the economy.
7:31 p.m. Aug. 5, 2020 - Associated Press
Asian markets mixed as U.S. talks on stimulus plan stall Stocks fall in Tokyo and Shanghai, but surge in Hong KongStocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling.
5:12 p.m. Aug. 5, 2020 - Associated Press
Pompeo calls for ‘untrusted Chinese apps’ to be pulled from Apple, Google app stores Expansion of Chinese-tech crackdown comes without specifics, may be illegalU.S. Secretary of State Mike Pompeo on Wednesday called for a big expansion of U.S. government curbs on Chinese technology, saying that it wants to see “untrusted Chinese apps” pulled from the Google and Apple app stores
9:20 a.m. Aug. 5, 2020 - By Rachel Koning Beals
What if heat waves were named like hurricanes? New push draws mega insurers, Athens and Miami mayors, Red Cross and dozens more stakeholders Extreme Heat Resilience Alliance formed now because by mid-century heat waves are expected to affect more than 3.5 billion people globally Global mayors, insurance executives, scientists, forest restorers, the Red Cross and even more stakeholders are declaring “code red,” saying they can no longer wait to prepare for extreme heat as 30% of the world already copes with deadly heat waves lasting 20 days or longer.
5:58 a.m. Aug. 5, 2020 - By Mark DeCambre
S&P 500 trades within 2% of record high as Wall Street focuses on Disney subscriber growth and hope for fresh round of coronaviirus aidU.S. stocks rose at the start of trading Wednesday as corporate earnings results continued to roll in, and investors pored over a disappointing jobs report from payroll provider Automatic Data Processing Inc. . The payroll company said only 167,000 private sector jobs were created in July, short of the consensus estimate for a gain of 1.88 million jobs, according to Econoday. However, better-than-expected quarterly results late Tuesday from Dow component and entertainment and theme park giant Walt Disney Co. , even though it reported a $3.5 billion loss, helped to fuel some bullishness in markets. On top of that, the Federal Reserve's No. 2, Richard Clarida, told CNBC that he's sticking to his prior forecast of an improving economy over the remainder of the year. The Dow Jones Industrial Average rose 266 points, or 1%, at 27,094, around its highest level since June 8, while the S&P 500 index gained 0.6% to 3,326, putting the broad-market benchmark within 2% of its Feb. 19 record high at 3,386.15. The Nasdaq Composite Index , meanwhile, rose 0.3% to 10,978, which puts the tech-heavy index on pace for its 31st record close of 2020, which would already match last year's full-year record tally for the gauge. Wall Street drew some optimism from report late Tuesday reports suggested congressional leaders are working to reach a coronavirus-aid bill deal by the end of the week.
7:47 p.m. Aug. 4, 2020 - Associated Press
U.S. sending Azar to visit Taiwan in move likely to enrage China Highest-level visit by U.S. official in 41 yearsThe U.S. says Health and Human Services Secretary Alex Azar will visit Taiwan in coming days in the highest-level visit by an American Cabinet official since the break in formal diplomatic relations between Washington and Taipei in 1979.
7:16 p.m. Aug. 4, 2020 - Associated Press
Beirut explosion: Cache of ammonium nitrate blamed for blast killing dozens, injuring thousands Neighborhood around downtown port devastatedA massive explosion rocked Beirut on Tuesday, flattening much of the city’s port, damaging buildings across the capital and sending a giant mushroom cloud into the sky. More than 70 people were killed and 3,000 injured, with bodies buried in the rubble, officials said.
3:32 p.m. Aug. 4, 2020 - By Lingling Wei
U.S., Chinese officials to meet Aug. 15 to assess trade-deal compliance High-level talks also likely to touch on U.S. crackdown on Chinese tech companiesThe U.S. and China have agreed to high-level talks on Aug. 15 to assess Beijing’s compliance with the bilateral trade agreement signed early this year, according to people briefed on the matter.
11:37 a.m. Aug. 4, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally at 4.74 million as New Jersey, Massachusetts and Connecticut see infections climb again Cinemark’s revenue falls 99% as theaters remain closed, and Mallinckrodt says it is looking at possible bankruptcyThe U.S. case tally for the coronavirus illness COVID-19 rose by fewer than 50,000 on Monday for a second straight day, data aggregated by Johns Hopkins University showed, although cases were rising in some states that had seemed to get the spread under control earlier this year.
5:00 a.m. Aug. 4, 2020 - By Greg Robb
IMF says 40% of world’s current account surpluses and deficits are ‘excessive’ IMF says U.S. dollar was 11% overvalued in 2019The U.S. dollar was overvalued against other currencies by 11% in 2019, the International Monetary Fund said in a report released Tuesday
8:15 p.m. Aug. 3, 2020 - Associated Press
Asian markets join global rally as S&P 500 nears record Stocks jump in Tokyo, Seoul, SydneyShares advanced across Asia on Tuesday after Wall Street closed broadly higher on encouraging economic reports, starting off August by closing within 3% of the record high it set in February.
12:25 p.m. Aug. 3, 2020 - By Mark DeCambre
Nasdaq ends at record as stocks rally after pickup in manufacturing activity to kick off August Microsoft shares rallied amid its efforts to buy U.S. portion of TikTok from China’s ByteDanceU.S. stocks rise Monday to kick off the first trading day of August as investors were heartened by upbeat manufacturing data, even as talks appeared stalled over another round of coronavirus stimulus.
12:01 p.m. Aug. 3, 2020 - By Sunny Oh
Treasury yields climb after factory data offers positive sign for global economyU.S. Treasury yields rise Monday as strong manufacturing data across the U.S., Europe and China suggests the recovery in the global economy was ongoing despite mounting worries how rising coronavirus infections could stall growth.
10:32 a.m. Aug. 3, 2020 - By Jurica Dujmovic
The potential abuses of a coronavirus ‘health passport’ are downright frightening Western countries should resist tracking apps, even in the name of health and safetyWestern countries should resist tracking apps, even in the name of health and safety, argues Jurica Dujmovic.
8:14 p.m. Aug. 2, 2020 - Associated Press
Asian markets mixed as growth data offsets fears Stocks jump in Tokyo, mainland China after economic dataAsian shares were mixed on Monday as investors eyeballed surging coronavirus cases in the region.
12:38 p.m. Aug. 2, 2020 - Associated Press
Pompeo says TikTok isn’t the only Chinese company that Trump will take action against Pompeo accuses companies of ‘feeding data directly to the Chinese Communist Party’President Donald Trump plans to take action on a what he sees as a broad array of national security risks presented by software connected to the Chinese Communist Party, Secretary of State Mike Pompeo said Sunday.
12:57 p.m. Aug. 1, 2020 - Associated Press
Biden eyes major foreign policy shifts if he wins Americans could expect Biden to re-engage with traditional allies. Should former Vice President Joe Biden win the White House in November, America will likely be in for a foreign policy about-face as Biden reverses, dismantles or severely curtails many of President Donald Trump’s most significant and boldest actions.
12:44 p.m. Aug. 1, 2020 - By Cara Lombardo
Microsoft and Bytedance put TikTok talks on hold after Trump signals opposition Talks may not be dead, but the companies are trying to get clarity on White House’s stanceMicrosoft Corp. has paused negotiations to buy the U.S. operations of the video-sharing app TikTok after President Trump said late Friday he opposes the deal, according to people familiar with the matter.
8:24 a.m. Aug. 1, 2020 - Associated Press
Mexico No. 3 in virus deaths; storm could hinder US response Hurricane Isaias’ imminent arrival forced the closure of some outdoor testing sites as Florida reached a new daily high in deathsMexico now has the third most COVID-19 deaths in the world, behind Brazil and the United States, where a hurricane bearing down on the East Coast on Saturday is threatening to complicate efforts to contain the virus.
4:11 a.m. Aug. 1, 2020 - By Myra P. Saefong
Silver: poor man’s gold no more? Prices for the metal trade 25% higher for July Investors have focused on a rise in record prices for gold, but silver’s up nearly 25% in July—the metal’s second-biggest monthly gain on record—and it’s still undervalued compared with the yellow metal.
10:37 a.m. July 31, 2020 - By Victor Reklaitis
Trump may make moves Friday on TikTok sale and aluminum tariffs: reportsPresident Donald Trump plans to announce a decision ordering China's ByteDance Ltd. to divest its ownership of the U.S.-based video-sharing app TikTok amid national-security concerns, and the decision could be announced as soon as Friday, said a citing unnamed sources. "We are looking at a lot of alternatives with respect to TikTok," Trump told reporters Friday. Meanwhile, an said the Trump administration could impose new tariffs or other restrictions on Canadian aluminum as soon as Friday.
7:12 a.m. July 31, 2020 - By Barbara Kollmeyer
European stocks turn lower as investors juggle tech optimism and economic gloom Nokia climbs after results European stocks drop on the final trading day of the month, as economic worries overshadow upbeat earnings in the U.S. and Europe.
8:22 p.m. July 30, 2020 - Associated Press
Asian markets fall after grim U.S. GDP data Stocks sink in Tokyo and Sydney, but rise slightly in Hong Kong and mainland ChinaAsian shares tumbled Friday as reports showed layoffs of American workers are persisting at high levels after the U.S. economy contracted at a nearly 33% annual pace in the spring, the worst quarter on record.
12:04 p.m. July 30, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 150,000 as Florida, California, North Carolina and Idaho set one-day records Earnings season cranks into high gear with numbers coming from Amazon, Apple, Google and FacebookThe U.S. counted more than 1,400 deaths from the coronavirus illness COVID-19 on Wednesday, boosting the total to more than 150,000, as Florida, California, North Carolina and Idaho all recorded record single-day totals, in the latest sign the pandemic is far from contained.
12:02 p.m. July 30, 2020 - By Sunny Oh
10-year Treasury yield sinks to lowest since March after GDP, jobless claims point to economic challenges aheadU.S. Treasury yields fall on Thursday as an official snapshot of U.S. growth in the second quarter of this year confirmed the economic devastation caused by the COVID-19 pandemic.
7:52 a.m. July 30, 2020 - By Michael Ashbaugh
Charting a GDP-fueled downdraft, Dow industrials challenge 200-day average Focus: Transports sustain July break atop 200-day average, IYT, TWLO, BSX, PENN, HOMEU.S. stocks are lower early Thursday, pressured after an ugly second-quarter GDP report, signaling an economy contracting at a record 32.9% annual pace. Against this backdrop, the S&P 500 has maintained its range bottom — the 3,200 mark — while the Dow industrials have pulled in to a headline test of the 200-day moving average, currently 26,230.
5:33 a.m. July 30, 2020 - By Mark DeCambre
Dow opens over 300 points lower Thursday after U.S. GDP marks steepest drop in records going back about 70 yearsU.S. stock indexes opened lower Thursday morning amid a barrage of corporate quarterly results and economic reports that signal that the impact of the COVID-19 pandemic is still hurting domestic business activity. The Dow Jones Industrial Average fell 325 points, or 1.2%, at 26,216, the S&P 500 index retreated 1.1% at 3,223, while the Nasdaq Composite Index declined 0.8% at 10,457. A first reading on U.S. gross domestic product data for the second quarter confirmed the pandemic pummeled the economy. GDP fell at a 32.9% annualized pace, the Commerce Department said, a bit better than the 34.6% annual decline forecast in a MarketWatch survey, but still the worst in history dating back to records since 1947. Separately, first-time claims for unemployment benefits rose slightly last week, to 1.43 million from an upwardly-revised 1.42 million, while continuing claims also rose to 17 million in the week ended July 18. Thursday marks the most hectic week of corporate earnings reporting season, with results from dozens of high-profile companies due after the bell, including Google parent Alphabet Inc. , Apple Inc. Facebook Inc. and Amazon.com Inc. .
8:12 p.m. July 29, 2020 - By Marketwatch
Asian markets mixed as Fed keeps interest rates unchanged Nikkei about flat, while stocks gain in Hong KongAsian markets gained early Thursday, after the U.S. Federal Reserve left interest rates unchanged, as expected, and the CEOs of big tech companies emerged from a House antitrust hearing relatively unscathed.
10:25 a.m. July 29, 2020 - By Mark DeCambre
Dow holds modest gains after Fed leaves rates near 0%, says it will hold rates low until confident 'economy has weathered' coronavirus stormU.S. stock indexes on Wednesday afternoon maintained modest gains after the Federal Reserve kept rates unchanged, as expected, at the conclusion of its two-day policy meeting and indicated they would aim to keep interest rates low until it is confident that the economy has weathered the storm wrought by the COVID-19 pandemic. The Dow Jones Industrial Average rose 105 points, or 0.4%, at 26,476, the S&P 500 index gained 0.9% at 3,248, those for the Nasdaq Composite Index climbed 1% to 10,504. The Fed's federal-funds rates stand at a range between 0% and 0.25%. "The committee expects to maintain the target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals," the FOMC wrote in statement. A news conference will be held by Chairman Jerome Powell at 2:30 p.m. The central bank also steady at $120 billion per month. The Fed is buying $80 billion of Treasurys and $40 billion of asset-backed mortgage securities to support the economy. Investors were also watching a hearing in Washington by the House Judiciary Antitrust Subcommittee of some of the largest technology and tech-related companies in America, including Amazon.com Inc. kicked off the testimony, followed by Sundar Pichai of Google parent Alphabet Inc. , Apple Inc. and Facebook Inc. .
9:01 p.m. July 28, 2020 - Associated Press
Asian markets mixed amid gloomy earnings and pandemic concerns Nikkei slips, while stocks in Hong Kong and Shanghai gainAsian markets were mixed Wednesday as traders awaited the results of the U.S. Federal Reserve’s latest meeting.
9:00 p.m. July 28, 2020 - By Marketwatch
Asian markets mixed amid gloomy earnings and pandemic concerns Nikkei slips, while stocks in Hong Kong and Shanghai gainAsian markets were mixed Wednesday as traders awaited the results of the U.S. Federal Reserve’s latest meeting.
12:08 p.m. July 28, 2020 - By MarketWatch
Dow ends 205 points lower as tensions around coronavirus aid package grow ahead of Fed policy update U.S. stocks finished lower Tuesday as investors reacted in part to a lack of a progress toward a fresh coronavirus aid package and investors awaited a policy update from the Federal Reserve at the conclusion of their gathering on Wednesday. The Dow Jones Industrial Average finished off 205 points, or 0.8%, lower at about 26,379, the S&P 500 index closed 0.7% lower at 3,218, while the Nasdaq Composite Index declined 1.3% at about 10,403, as large-capitalization tech stocks took it on the chin, a number of which are slated to report results in the coming days. Negotiations between Democrats and Republicans, meanwhile, centered on further stimulus to help individuals economically harmed by the pandemic, are shaping up to be a contentious one. Democratic House Speaker Nancy Pelosi said on Monday that GOP leaders who brought a roughly $1 billion aid proposal to the table are "not really ready to have a serious negotiation." Democrats are eager to maintain the existing $600 weekly supplement, while the Republican plan would reduce it to a $200 add-on through September. The supplemental jobless benefits are due to expire at the end of the month. Meanwhile, Federal Reserve is set to conclude a two-day policy meeting Wednesday that's unlikely to result in much action, but is expected to see Chairman Jerome Powell underline a willingness to take further measures to support the economy and maintain easy financial conditions. In corporate news, Pfizer Inc. shares were up 3.9% after beating earnings and revenue expectations and raising its full-year outlook, while shares of McDonald's Corp. were off 2.5% after the fast-food chain reported earnings that fell short of Wall Street forecasts.
11:08 a.m. July 28, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally climbs above 4.30 million as Texas becomes fourth state with more than 400,000 cases Pfizer, McDonald’s, 3M and Raytheon Technologies are latest Dow components to report earnings with mixed resultsThe U.S. tally for confirmed cases of the coronavirus illness COVID-19 climbed above 4.30 million on Tuesday, and the death toll exceeded 148,000, after Texas became the fourth state with more than 400,000 cases, joining California, Florida and early hot spot New York.
5:54 a.m. July 28, 2020 - Associated Press
Chinese CDC head gets injected with experimental coronavirus vaccine Gao Fu says its an attempt to persuade the public to follow suit when a vaccine is approvedThe head of the Chinese Center for Disease Control and Prevention says he has been injected with an experimental coronavirus vaccine in an attempt to persuade the public to follow suit when one is approved.
8:04 p.m. July 27, 2020 - Associated Press
Asian markets advance after Wall Street rally, and as gold extends gains Stocks edge higher in Hong Kong, Shanghai despite rising U.S.-China tensionsShares advanced in Asia on Tuesday after U.S. stocks resumed their upward march on Wall Street, while the price of gold pushed to nearly $1,970 per ounce.
12:13 p.m. July 27, 2020 - By William Watts
Here’s what the U.S. dollar’s fall means for the stock market Weaker dollar should be a positive, but foreign stocks will benefit more: analystsBarring some sort of currency meltdown, a weaker dollar should be a positive for equities, though foreign stocks will likely benefit more, analysts say.
11:10 a.m. July 27, 2020 - By Myra P. Saefong
Oil gets a boost from a weaker dollar, but coronavirus worries limit the price rise Traders continue to watch U.S.-China developmentsOil futures give up early losses Monday, buoyed by a drop in the U.S. dollar index to its lowest in two years, but the continued spread of COVID-19 and its impact on the economy limit the rise in prices.
10:07 a.m. July 27, 2020 - By Myra P. Saefong
Gold price marks highest settlement and intraday price on record Silver tops $24/oz for highest finish since 2013Fresh gains for gold on Monday take it ever closer to a $2,000 level that some analysts see as a distinct possibility.
5:25 a.m. July 27, 2020 - By Howard Gold
Wall Street turns a blind eye to atrocities committed in China Governments, including the Trump administration, have denounced ethnic cleansing in Xinjiang, yet financial firms have done littleGovernments, including the Trump Administration, have denounced ethnic cleansing in Xinjiang. Financial firms have done little.
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