The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Shares of Deere fell more than 4 percent in premarket trading after the tractor supplier reported first-quarter earnings that missed Wall Street's expectations.
The Illinois-based company earned $1.54 per share. Analysts polled by Refinitiv had expected $1.76 per share. The company beat revenue expectations, reporting $6.941 billion versus $6.828 billion analysts expected.
Deere Chairman and CEO Samuel Allen said higher raw material costs and concerns over tariffs and trade policies hurt the company's results. The trade war with China and uncertainty over trade negotiations made farmers more cautious about making large purchases, Allen said.
"We believe cost pressures should abate as the year progresses and are hopeful we will soon have more clarity around trade issues," Allen said in a release.
Deere projects company equipment sales will increase by about 7 percent for fiscal year 2019 compared to 2018.
On Wednesday, Bank of America Merrill Lynch downgraded Deere to a neutral rating from a buy rating based on the trade deadlock between Washington and Beijing and weaker demand for equipment.