SAN FRANCISCO — Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster. The reckoning came in a letter from Apple CEO Tim Cook to the company's shareholders released after the stock market closed Wednesday. Cook said Apple's revenue...
US Stocks End Dismal, Volatile Year on a Bright Note
Wall Street closed out a dismal, turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade. After setting a series of records through the late summer and early fall, major U.S. indexes fell sharply after early October, leaving them all...
China Promises Action on US Trade Deal but Gives No Details
BEIJING — China issued an upbeat but vague promise Wednesday to carry out a tariff cease-fire with Washington but gave no details that might dispel confusion about what Presidents Xi Jinping and Donald Trump agreed to in Argentina. China has yet to confirm Trump's claim that Beijing committed to cut...
Trump and Xi Agreement Buys Time In Trade War
WASHINGTON — The dinner table diplomacy that Presidents Donald Trump and Xi Jinping of China conducted over the weekend produced something as vague as it was valuable: an agreement to keep talking. Forged over grilled sirloin at the Group of 20 summit Saturday in Buenos Aires, Argentina, the ceasefire Trump...
China Halts Work by Team on Gene-Edited Babies
HONG KONG — China's government ordered a halt Thursday to work by a medical team that claimed to have helped make the world's first gene-edited babies, as a group of leading scientists declared that it's still too soon to try to make permanent changes to DNA that can be inherited...
Zakaria: America’s Dangerous Retreat on Trade
President Donald Trump has made plenty of waves with his approach to trade and the effect are rippling across the globe. Washington Post columnist Fareed Zakaria says that poses risks for the world's economies as well as for peaceful co-existence between nations. "Few ideas have been as thoroughly tested through...
China Says Camps for Muslims Lead Them to ‘Modern Life’
BEIJING — China on Tuesday characterized its mass internment of Muslims as a push to bring into the "modern, civilized" world a destitute people who are easily led astray — a depiction that analysts said bore troubling colonial overtones. The report is the ruling Communist Party's latest effort to defend...
As Aid Checks Go Out, Farmers Worry Bailout Won't Be Enough
WASHINGTON — Farmers across the United States will soon begin receiving government checks as part of a billion-dollar bailout to buoy growers experiencing financial strain from President Donald Trump's trade disputes with China. But even those poised for big payouts worry it won't be enough. And while support for Trump...
Beneath the Surface Risks Lurk for US: Zakaria
It's easy to get mesmerized by the daily news cycle focused on President Trump's unpredictable behavior, says Washington Post columnist Fareed Zakaria. The twin dramas of journalist Bob Woodward's explosive new book and the anonymously authored New York Times op-ed that created media frenzies last week are but the latest...
China Says Retaliation Ready if US Tariffs Go Ahead
BEIJING — China is ready to retaliate if U.S. President Donald Trump goes ahead with a tariff hike on Chinese goods and is confident it can maintain "steady and healthy" economic growth, a government spokesman said Thursday. The Trump administration is poised to impose 25 percent penalties this week on...