CNBC's Jim Cramer says the mainstream media wrongly thinks that "'Xi is a great Chinese man with great Democratic leanings; member of the WTO. And we have a madman as president.'"
Asian stocks rose on Tuesday as an apparent olive branch from Beijing in trade talks with Washington added to other recent signs of progress, fuelling a rally in Wall Street's main benchmarks to record highs.
Oil prices were steady on Tuesday, holding onto gains from the previous session, after positive comments from the United States and China kept alive hopes that the world's two largest economies are soon to agree an end their trade war.
Charles Schwab Corp agreed on Monday to buy TD Ameritrade Holding Corp in an all-stock deal valued at $26 billion, creating a brokerage giant in a market that has been ravaged by price wars.
Saudi Aramco's executives met officials of Abu Dhabi Investment Authority (ADIA) on Monday to discuss a potential investment in the oil giant's share sale that could raise as much as $25.6 billion, three sources familiar with the talks said.
Alibaba Group's Hong Kong shares were trading 7.7% higher at HK$189.50 in their debut, after marking the city's biggest share sale in nine years. Alibaba has raised at least $11.3 billion from the secondary listing and that amount could climb to as much as $12.9 billion if an over-allotment option is exercised. At Tuesday’s listing ceremony, CEO Daniel Zhang noted Alibaba's Hong Kong debut had been a long time coming.
Monetary policy is "well positioned" to support the strong labor market, which is just now starting to benefit workers on the margins, Federal Reserve Chair Jerome Powell said Monday.
U.S. insurer American International Group Inc said on Monday it would sell a major portion of its stake in reinsurer Fortitude Re to buyout fund Carlyle Group and Japanese insurer T&D Holdings for about $1.8 billion.
Britain's Just Eat urged shareholders on Monday to shun a $6.3 billion cash offer from Prosus , saying a currently lower valued deal with Takeaway.com was a better bet as it would create the largest food delivery firm outside China.
Hewlett Packard Enterprise Co missed Wall Street estimates for quarterly revenue on Monday, hit by lower demand for its servers and storage products, sending its shares down about 4% in trading after the bell.
A Delaware judge on Monday ordered broadcaster CBS Corp to turn over records regarding its plan to reunite with Viacom Inc to a shareholder who wants to investigate if the deal unfairly benefits Shari Redstone, who controls both companies.
Texas' attorney general has settled with T-Mobile Inc and Sprint Corp and will drop its opposition to a merger of the third and fourth largest U.S. wireless carriers.
Australia's Westpac Banking Corp said on Tuesday its CEO will step down and its chairman will bring forward his retirement as a money-laundering scandal rocks the country's second-largest retail bank.
The U.S. securities regulator on Monday proposed new regulations for the use of derivatives by investment funds to introduce some safeguards for more risky products and increase competition.
MSCI published the environmental, social and governance (ESG) ratings of more than 2,800 companies on Monday, giving all asset managers more detail to make their investment decisions.