As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
The stalemate over U.S. budget talks has foiled Barack Obama's plans to travel to Asia this weekend.
The White House confirmed late Thursday that the U.S. president will no longer be visiting Indonesia and Brunei as planned amid a government shutdown that dragged into a third day.
(Read more: Obama to Wall Street: This time be worried)
Obama was originally scheduled for a four-nation, week-long trip to Asia, to advance his foreign policy goals and to meet with the leaders of the Asia-Pacific Economic Cooperation (APEC) nations in the Indonesian island Bali to negotiate a major trade deal.
Earlier this week, he canceled plans to visit the Philippines and Malaysia, fueling speculation that he may rule out the trip to Asia altogether.
The U.S. Congress has been unable to agree on the terms for the federal budget, plunging the government into a partial shutdown when the deadline for a deal expired at midnight on October 1.
(Read more: What Obama stands to lose by canceling Asia trip)
In an interview with CNBC on Wednesday , Obama said Wall Street needs to be genuinely worried about what is going on in Washington.
While gridlock in D.C. is nothing new, "this time I think Wall Street should be concerned," Obama said.
(Read more: Should Obama invoke 14th amendment?)
Analysts say the decision to cancel the trip to Asia could affect Obama's standing among his peers in the region.
"U.S. allies and partners in the region will worry that the United States is incapable of sustaining high-level engagement due to political paralysis at home," said Ernest Z. Bower, from the Center for Strategic & International Studies (CSIS), adding that the U.S. president risks undermining the "strategic trust that was hard-earned during the president's first term."
- By CNBC Asia's Li Anne Wong. Follow her on Twitter @LiAnneCNBC