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
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
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
Stocks in Asia fell Monday morning 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
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Check out the companies making headlines midday on Tuesday:
Apple — Shares of iPhone and Macbook maker Apple rose more than 4% after the United States Trade Representative office said tariffs on cellphones and laptops will be delayed until December. The duties had been set to go into effect on Sept. 1.
Retailers— Shares of retailers were lifted by news from the USTR that tariffs on certain clothing and shoes products would also be delayed until December. Trump said Tuesday his decision to delay tariffs ahead of the Christmas season was to avoid an impact on holiday shopping. Shares of Nike rose 1.7%, Target was 2.7% higher and Nordstrom rose 1.8%.
JD.com — Shares of JD.com surged nearly 13% after the China-based e-commerce reported better-than-expected second-quarter earnings. JD was the most actively traded ahead of the open Tuesday, with volume topping 1.3 million shares.
Chipmakers — Semiconductor and semiconductor equipment companies Micron, Lam Research and Applied Materials all rose more than 3% on Tuesday after the Trump administration announced that certain tariffs on Chinese imports would be delayed or canceled. Such companies have in recent earnings reports underscored the U.S.-China trade dispute as a leading business headwind.
World Wrestling Entertainment — Shares of World Wrestling Entertainment rose 5% after the Guggenheim named the stock its best idea into the remainder of 2019 citing several events in the media company's pipeline that can spur growth. The firm reiterated its buy rating and $100 price target, a 55% upside for the stock.
D.R. Horton, KB Home, and PulteGroup – Shares of home builders D.R. Horton, KB Home and PulteGroup are up more than 2% after Suntrust initiated coverage on them with buy ratings. Suntrust said environment is positive for the builders as lower interest rates should re-accelerate new home sale.
General Electric — GE shares rose more than 3% Tuesday after news that CEO Larry Culp bought $3 million worth of GE stock in the second quarter. GE had seen heavy declines a day earlier after J.P. Morgan analyst Stephen Tusa said he was still underweight, even after the company's strong earnings last quarter.
— CNBC's Maggie Fitzgerald, Thomas Franck and Kate Rooney contributed reporting.