Finance

An economic alarm bell has sounded in the U.S., sending warnings of a possible recession ahead. Yields on 2-year and 10-year Treasury notes inverted early Wednesday, a market phenomenon that shows investors want more in return for short-term government bonds than they are for long-term bonds. It’s an indication that investors have lost faith in […]

Asian shares were higher Wednesday after the U.S. said it would hold off on tariffs on Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists. Japan’s Nikkei 225 added nearly 1.0% to finish at 20,655.13, while Australia’s S&P/ASX 200 rose 0.4% to 6,595.90. South Korea’s Kospi gained 0.7% to

Rising tensions over trade have dimmed Americans’ opinions of China. A new Pew Research Center poll finds that 60% say they have an unfavorable view of China — up from 47% last year to the highest proportion since Pew started asking the question 14 years ago. The survey results being released Tuesday found that 24%

HONG KONG (Reuters) – Hong Kong’s airport resumed operations on Wednesday, rescheduling hundreds of flights that had been disrupted over the past two days as protesters clashed with riot police in a deepening crisis in the Chinese-controlled city. Ten weeks of increasingly violent clashes between police and pro-democracy protesters, angered by a perceived erosion of

The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the U.S. Trade Representative said Tuesday that it is still planning to go ahead with 10% tariffs on

CIT Group is buying Mutual of Omaha Bank for $1 billion to expand its commercial banking operations. The deal would mean the end to the Mutual of Omaha’s foray into the banking sector, which began in 2007. About $4.5 billion of Mutual of Omaha’s $6.8 billion in deposits come from homeowners’ associations and other community

The Latest on the shifting trade relations between the U.S. and China (all times local): President Donald Trump says he delayed some tariffs in an escalating trade war with China to lessen the impact on the Christmas shopping season. The announcement jolted shares of companies that rely on the shopping season for a large chunk

And back up goes the stock market. Investors flipped back into buying mode Tuesday after the U.S. said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists. China also said the two sides held discussions on trade overnight and would talk again

Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying some import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the Office of the U.S. Trade Representative was greeted with relief on Wall Street

The Trump administration on Tuesday narrowed the list of Chinese products it plans to impose new tariffs on as of Sept. 1, delaying levies on cellphones, laptop computers, toys and other goods and announcing exclusions for other products for various reasons. The United States trade representative’s office said that a new 10 percent tariff on