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Top Stories from CNBC- Walmart bets bigger on online grocery as it ramps up automated fulfillment at local stores
- Ant Group IPO could get back on track if it resolves issues, China's central bank governor suggests
- Sen. Patrick Leahy, set to preside over Trump impeachment, returns home after brief hospitalization
- Alphabet and Facebook rise after Microsoft reports surprisingly strong advertising revenue
- GameStop jumps after hours as Elon Musk tweets out Reddit board that's hyping stock
Yen Nee Lee, CNBC.com’s Posts
The Hong Kong Human Rights and Democracy Act of 2019, signed into law by U.S. President Donald Trump, is touted by Congress as a way to deter Beijing’s influence and interference in Hong Kong’s internal affairs.
The U.S. and China are entangled in a trade war, and that’s hurting business and economic activity worldwide. One year on, a resolution is still nowhere in sight.
Saudi Arabia has “a great deal of explaining to do” on how it could not defend its “most critical” oil facility from drone attacks at the weekend, said Gary Grappo, former U.S. ambassador to Oman.
Hedge fund titan Ray Dalio said he wouldn’t rule out China using its Treasury holdings to gain an upper hand against the U.S. in the trade war — a view that contrasts with many other observers.
China is “rolling out the red carpet for the rest of the world” by lowering tariffs with other countries — even as its trade war with the U.S. continues to drag on, according to Peterson Institute for International Economics.
The Department of Transportation inquiry is focused on a safety system suspected of factoring into the crash of a Lion Air flight, The Wall Street Journal says.
