UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
Michael Kugelman from the U.S.-based Wilson Center says other issues take precedence in the bilateral dialogue between the United States and Pakistan — namely, Afghanistan and...Asia Politicsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
New Jersey Gov. Chris Christie—who's considering a GOP run for president—said Thursday he's fine with the wealthy doing well, but believes the middle class needs economic protection.
The governor said he's going to probably decide next month whether to seek the Republican presidential nomination. The GOP needs to nominate someone with a track record of winning elections, he said—adding he's won twice in New Jersey.
Christie has been testing the presidential waters—holding five town hall meetings this month in New Hampshire whose first-in-the-nation primary is a key early political battleground state.
At one of those events earlier this month, he unveiled a five-point economic growth plan—including tax reforms and incentives to get people back to work.
"The debt and deficit problems become much more manageable over the long haul if you're at 4 percent GDP growth than when you're at 2 percent," Christie said. "It's true. It may be old, but it's true."
While touting the need for stronger growth nationally, he defended his record in New Jersey, which has seen budget troubles and nine credit rating downgrades during his tenure.
He said Democratic lawmakers in his state won't listen. "The problem is that they have not cut taxes in New Jersey," except for one purely business tax reduction.
Addressing the notion that his political star power has run its course, Christie argued that's nonsense, saying there was no way he was a shoe-in four years ago and he's "here and breathing" now.
If he runs, Christie would join a crowded field of official Republican candidates—including Sens. Marco Rubio, Rand Paul and Ted Cruz—and possibly others who've yet to announce like former Florida Gov. Jeb Bush and current Wisconsin Gov. Scott Walker.
Besides the economy and domestic issues, foreign policy has already emerged as a big factor in the 2016 race, with questions about whether in hindsight the U.S. should have invaded Iraq tripping up Bush and Rubio.
As far as he's concerned, Christie believes the U.S. needs to bulk up its military. "We've shorted national defense in a significant way in this country."
"It's no wonder [Russia's] Vladimir Putin is doing what he's going in Eastern Europe with impunity, " he continued, "[and] no wonder the Chinese are doing what they're doing in the South China Sea" as far as reclaiming land.
"They are not intimidated by the United States no longer and for good reason," he said.
The governor attributes the rise of the Islamic State militant group in the Middle East and Iran flexing its muscle in the region to the U.S. pullback from leadership in the world under Obama.
"What the world wants is for the U.S. to lead," he said, "because they know we don't have an ulterior motive to our leadership."
"When we pull back from that, the people who fill that vacuum want to be conquerors," he argued. "ISIS wants to be a conqueror. Russia wants to be a conqueror. Iran wants to be a conqueror."