Five Things You Need to Know to Start Your Day
Here are some of the things people in markets are talking about.
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U.S.-China trade talks end with no major progress, Alibaba outguns its tech-giant rivals, and emerging markets may pay the price for President Trump’s fresh troubles. Here are some of the things people in markets are talking about.
Closely watched trade talks between the U.S. and China wrapped up on Thursday with no major progress, setting the stage for further escalation of the trade war between the world’s two largest economies. The two sides had met low expectations for this week’s meetings and no further talks had been scheduled, a person familiar with the discussions said. The person, who requested anonymity to discuss the private deliberations, also said Chinese officials had raised the possibility that no further negotiations could happen until after November’s mid-term elections in the U.S. The conclusion of the talks came just hours after Beijing and Washington rolled out their latest round of tit-for-tat tariffs on Thursday.