CNBC World News

Japan's exports extended their double-digit slump into a fifth month in July as the coronavirus pandemic took a heavy toll on auto shipments to the United States, dashing hopes for a trade-led recovery from the deep recession.

South Korea reported 297 new infections in the last day, the sixth straight day of triple-digit increases, health officials said.

After delivering a message of unity on Day 1, the Democratic National Convention is set Tuesday to focus on the importance of leadership as the party contrasts Joe Biden with President Donald Trump.

Japan's exports in July declined 19.2% as compared to a year ago, according to provisional trade statistics from the country's Ministry of Finance released Wednesday. The fall compared against a median forecast for a 21.0% decline by economists in a Reuters poll.

Chrystia Freeland was named to the job after her predecessor, Bill Morneau, stepped down on Monday amid reported differences with Prime Minister Justin Trudeau's administration, which has been spending heavily to shore up the pandemic-hammered economy.

The second night of the Democratic convention will feature remarks from Jill Biden, former President Bill Clinton and Rep. Alexandria Ocasio-Cortez.

All Australians will be offered doses but a medical panel will determine the priority list of vaccine recipients, Health Minister Greg Hunt said.

Mali President Ibrahim Boubacar Keita resigned on Tuesday and dissolved parliament hours after mutinying soldiers detained him at gunpoint, plunging a country already facing a jihadist insurgency and mass protests deeper into crisis.

The U.S. Virgin Islands is closing its doors to tourists again, and plans to reopen Bali, Hawaii and the Cayman Islands hang in limbo. From the Caribbean to French Polynesia, island destinations are changing tourism plans to cope with rising Covid-19 infections from within and around the globe.

The report highlights some never-before-seen evidence, like allegations about women and of potentially compromising material tied to Trump trips to Russia, NBC News reports.

"The charts, as interpreted by the great Larry Williams, suggest that the U.S. dollar could be ready to come out of its funk and start rallying again," the "Mad Money" host said.

The S&P 500 closed at a record on Tuesday, an achievement that brought an end to the shortest bear market and the start of a new bull era.

Treasury Secretary Steven Mnuchin joined CNBC's "Squawk on the Street" on Tuesday.

The S&P 500 rose to an all-time high on Tuesday, capping off its recovery from the coronavirus-induced sell-off that knocked it off its previous record.

Consumers spent $211.5 billion during the second quarter, up 31.8% quarter over quarter, according to Census data published Wednesday.

Walmart's e-commerce sales in the U.S. shot up by 97% as customers had packages shipped their homes and used curbside pickup.

Cotton, who sits on the Senate Armed Services Committee, said the move could entice other Middle Eastern countries to buy more U.S. defense material.

SpaceX took another step in its quest to reuse rockets on Tuesday, landing one of its rocket boosters for a record sixth time.

Oracle's bid for Chinese-owned social media app TikTok might not be as crazy as it first seems.

Many Gulf states, including the United Arab Emirates, see Israel an "asset" because the country stands up to Iran, said Tzachi Hanegbi, an Israeli government minister.