Rating China's retaliation in the trade war: 'On a scale of 1-10, it's an 11'
Wall Street analysts warn that the trade war with China has escalated significantly and will likely intensify in the coming months.
Wall Street analysts warn that the trade war with China has escalated significantly and will likely intensify in the coming months.
New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co , valuing the company at about $1.4 billion.
U.S. stocks fell the most since December on Monday after China allowed its currency to weaken beyond a key threshold, signaling dimmer prospects for a de-escalation in U.S.-China trade tensions.
Federal Reserve Governor Lael Brainard said she was monitoring the rout on Wall Street on Monday, as officials take stock of how renewed trade tensions between the United States and China may impact the economy and the course of monetary policy.
Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's two largest economies.
The U.S. Federal Reserve announced on Monday it planned to develop its own round-the-clock real-time payments and settlement service, with an expected launch in 2023 or 2024.
Federal Reserve officials said they were monitoring the U.S. stock market rout on Monday as they assess how renewed trade tensions between the United States and China may impact the economy and the course of monetary policy.
U.S. stocks tumbled on Monday, with the benchmark S&P 500 sliding more than 3%, as a fall in the yuan following U.S. President Donald Trump's vow to impose additional tariffs on Chinese goods sparked fears of further escalation of the U.S.-China trade war.
Walmart Inc said on Monday there has been no change in its policy on gun sales after two mass shootings over the weekend, including one at a Walmart store, left 31 people dead in Texas and Ohio.
Hayman Capital Management founder Kyle Bass said on Monday that without state support, China's currency would plunge at least 30%.
Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world's two biggest buyers.
It is "a little late" to purchase U.S. Treasuries, which have been rallying recently, and "if Treasury rates are going to fall from here, something bad is happening," Jeffrey Gundlach, chief executive of DoubleLine Capital, said in a telephone interview on Monday.
Wall Street's major indexes posted their biggest percentage drop of the year on Monday as a fall in the yuan following U.S. President Donald Trump's vow to impose additional tariffs on Chinese goods sparked fears of further escalation of the U.S.-China trade war.
A federal judge in Detroit on Monday sentenced the former United Auto Workers union vice president in charge of relations with Fiat Chrysler to 15 months in federal prison for misusing funds intended for worker training to pay for luxury travel and entertainment for himself and other union officials.
Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's two largest economies.