Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Taiwan's governing party has taken the drastic step of replacing its candidate for January's presidential election, reflecting growing unease about its candidate's plans for closer relations with the mainland.
At an emergency meeting on Saturday, delegates from the Kuomintang or Nationalist party voted to replace Hung Hsiu-chu, the straight-talking legislator who polls showed was trailing Democratic Progressive party candidate Tsai Ing-wen.
The all-female election would have been a first for Taiwan and guaranteed the election of its first female president. But analysts say Ms Hung's views on cross-strait relations, including advocating a peace treaty with China, made voters uneasy.
"Her views on Taiwan's future relations with China were out of step with mainstream opinion in Taiwan. They went beyond what most Taiwanese — KMT voters included — are willing to countenance," said J Michael Cole of Thinking Taiwan, a think-tank backed by Ms Tsai's foundation.
"Taiwanese were generally OK with liberalisation of cross-strait ties, but they have drawn clear lines and Ms Hung was threatening to cross those."
Current president Ma Ying-jeou, who will complete his second four-year term next year, generally improved relations with China, but recently plans for a trade agreement sparked opposition. That proposal contributed to the KMT suffering big losses in local elections in November.
The Kuomintang party said that the decision was intended to "cope with a severe test of the party's survival and development". Some candidates and village chiefs had refused to run under the KMT flag or support the party with Ms Hung in charge.
If the January 16 election goes as polls now predict, the DPP could win the presidency and a majority in the legislature for the first time.
At the meeting on Saturday, 812 of 891 delegates voted to remove Ms Hung. She will be replaced by Eric Chu, KMT's chairman and mayor of New Taipei. Mr Chu and other KMT heavyweights had declined to challenge Ms Hung for the nomination in July.
Mr Cole said that events in Hong Kong, where Beijing has recently moved to tighten control of the territory under the "One Country, Two Systems" framework, have made Taiwanese nervous about moving closer to Beijing.
Beijing views Taiwan, which has been independently governed since 1949, as a breakaway province to be recovered by force if necessary.