Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Microsoft beat on top and bottom lines but Azure growth slowed.Technologyread more
House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
See which stocks are posting big moves after the bell on July 18.Market Insiderread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
CrowdStrike reports first earnings report since IPO.Technologyread more
Some blamed private equity for the rash of retail bankruptcies over the past few years, including those of Payless ShoeSource, Sports Authority and Toys R Us. Toys R Us, in...Retailread more
Stocks rose after comments from a top Fed official led to bets that the central bank will ease monetary policy more aggressively.US Marketsread more
The Obama administration has delivered a warning to Beijing about the presence of Chinese government agents operating secretly in the United States to pressure prominent expatriates — some wanted in China on charges of corruption — to return home immediately, according to American officials.
The American officials said that Chinese law enforcement agents covertly in this country are part of Beijing's global campaign to hunt down and repatriate Chinese fugitives and, in some cases, recover allegedly ill-gotten gains.
The Chinese government has officially named the effort Operation Fox Hunt.
The American warning, which was delivered to Chinese officials in recent weeks and demanded a halt to the activities, reflects escalating anger in Washington about intimidation tactics used by the agents. And it comes at a time of growing tension between Washington and Beijing on a number of issues: from the computer theft of millions of government personnel files that American officials suspect was directed by China, to China's crackdown on civil liberties, to the devaluation of its currency.
Those tensions are expected to complicate the state visit to Washington next month by Xi Jinping, the Chinese president.
The work of the agents is a departure from the routine practice of secret government intelligence gathering that the United States and China have carried out on each other's soil for decades. The Central Intelligence Agency has a cadre of spies in China, just as China has long deployed its own intelligence operatives into the United States to steal political, economic, military and industrial secrets.
More from the New York Times:
In this case, said American officials, who discussed details of the operation only on the condition of anonymity because of the tense diplomacy surrounding the issue, the Chinese agents are undercover operatives with the Ministry of Public Security, China's law enforcement branch charged with carrying out Operation Fox Hunt.
The campaign, a central element of Mr. Xi's wider battle against corruption, has proved popular with the Chinese public. Since 2014, according to the Ministry of Public Security, more than 930 suspects have been repatriated, including more than 70 who have returned this year voluntarily, the ministry's website reported in June. According to Chinese media accounts, teams of agents have been dispatched around the globe.
American officials said they had solid evidence that the Chinese agents — who are not in the United States on acknowledged government business, and most likely are entering on tourist or trade visas — use various strong-arm tactics to get fugitives to return. The harassment, which has included threats against family members in China, has intensified recently, officials said.
The officials declined to provide specific evidence of the activities of the agents.
The United States has its own history of sending operatives undercover to other nations — sometimes under orders to kidnap or kill. In the years after the Sept. 11, 2001, attacks, the C.I.A. dispatched teams abroad to snatch Qaeda suspects and spirit them either to secret C.I.A prisons or hand them over to other governments for interrogation.