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Updated: 1 hour 10 min ago

Overstock shares surge after CEO Patrick Byrne quits

Fri, 08/23/2019 - 11:26am
Overstock.com's stock surged 9% on Thursday after Chief Executive Officer Patrick Byrne resigned, saying distraction and fallout related to his involvement in a Federal Bureau of Investigation Russian espionage probe made it difficult for him to lead the online retailer.

Enraged Trump likens Fed chief to 'enemy' China

Fri, 08/23/2019 - 11:25am
President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell linked the trade war with China to risks to the U.S. economy, asking whether the man he handpicked to run the U.S. central bank was a greater "enemy" than Chinese leader Xi Jinping.

Powell stops short of committing to rate cuts, and Trump fumes

Fri, 08/23/2019 - 11:24am
The Federal Reserve will "act as appropriate" to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump.

IMF's Gopinath says U.S. monetary policy being accommodative and data driven

Fri, 08/23/2019 - 11:24am
International Monetary Fund chief economist Gita Gopinath said on Friday that U.S. monetary policy is being accommodative and data driven.

Trump presses U.S. companies to close China operations

Fri, 08/23/2019 - 11:18am
President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, a rhetorical strike at Beijing as trade tensions mounted.

Trump meets with trade team at White house: CNBC reporter on Twitter

Fri, 08/23/2019 - 11:18am
President Donald Trump was meeting with his trade team at the White House, according to CNBC, after China imposed retaliatory tariffs on U.S. goods and the Republican leader told American companies to get out of China.

Stocks and oil fall, yen rallies as Trump threatens counter to China tariffs

Fri, 08/23/2019 - 11:17am
A global stock index fell alongside oil prices and U.S. yields after U.S. President Donald Trump threatened to further escalate his trade war with China "this afternoon" after a new round of retaliation tariffs from Beijing.

Wall Street tumbles as Trump escalates trade dispute with China

Fri, 08/23/2019 - 11:13am
Wall Street's three main indexes lost more than 1% on Friday after President Donald Trump ordered U.S. companies "to immediately start looking for an alternative to China" in response to Beijing's threat to impose retaliatory tariffs on U.S. goods.

Trump's China trade comments send US stocks tumbling

Fri, 08/23/2019 - 11:13am
Wall Street's main indexes lost more than 1% on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative to China" after Beijing officials earlier retaliated by imposing tariffs on U.S. goods.

Brazil's indigenous people swear to fight for Amazon 'to last drop of blood'

Fri, 08/23/2019 - 11:11am
Members of Brazil's Mura indigenous tribe painted their bodies with orange-red paint and took up long bows and clubs as they headed into the jungle this week, prepared for battle. Their enemy? The deforestation and destruction of their home, the Amazon rainforest.

Russia extends detention of ex-U.S. Marine accused of spying

Fri, 08/23/2019 - 11:06am
A court on Friday extended by two months the pre-trial detention of a former U.S. Marine who has been held in Russia on suspicion of spying since December and who accused Moscow prison authorities of injuring him.

Special prosecutor to review actor Jussie Smollett's case: judge

Fri, 08/23/2019 - 11:06am
A judge in Chicago on Friday named a special prosecutor to probe the case involving former "Empire" actor Jussie Smollett's allegation that he was the victim of a racist attack, which authorities have ruled a hoax.

For some, currency wars may not be fun or easy to win

Fri, 08/23/2019 - 11:04am
It's a maxim for private investors: Don't fight the Fed.

Trump squares off in court with House Democrats over financial records

Fri, 08/23/2019 - 10:58am
Lawyers for U.S. President Donald Trump asked a federal appeals court on Friday to block Deutsche Bank AG and Capital One Financial Corp from handing the financial records of the president's family and the Trump Organization to Democratic lawmakers.

Paris prosecutor opens inquiry into whether Epstein committed crimes in France

Fri, 08/23/2019 - 10:58am
The chief prosecutor in Paris has opened a preliminary inquiry to determine whether late U.S. financier Jeffrey Epstein committed any sex crimes on French territory or against any underage French victims, prosecutor Remy Heitz's office said in a statement on Friday.

Hong Kong families form peaceful human chains ahead of airport protest

Fri, 08/23/2019 - 10:57am
Thousands of chanting Hong Kong protesters joined hands to form human chains on Friday in a peaceful protest, with almost three months of anti-government demonstrations showing no sign of let-up across the Chinese-ruled territory.

UK warns China travelers of greater checks on Hong Kong/mainland border

Fri, 08/23/2019 - 10:57am
Britain updated its advice for travelers to China on Friday to warn them of stricter checks by mainland authorities at the border with the former British territory of Hong Kong.

Hong Kong braces for fresh protests, Canada stops staff travel to mainland China

Thu, 08/22/2019 - 11:35pm
Hong Kong is bracing for more anti-government demonstrations and a "stress test" of its international airport this weekend, as protests in the Asian financial hub show no signs of abating and diplomatic tensions between China and some Western nations rise.

Xiaomi banks on phone data for finance play in India

Thu, 08/22/2019 - 11:29pm
China's Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable challenges.

Canadian Consulate suspends travel to China for Hong Kong staff

Thu, 08/22/2019 - 11:22pm
The Canadian Consulate in Hong Kong said on Friday it has suspended travel to mainland China for local staff, just days after an employee of the city's British Consulate was confirmed to have been detained in China.