President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
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Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
CBS, the owner of the most-watched U.S. TV network, reported a 10 percent rise in quarterly revenue, beating Wall Street estimates, as the U.S. presidential campaign and Super Bowl broadcast boosted spending on advertising.
The New York–based company, whose earnings also beat expectations, said on Tuesday that ad revenue jumped 31.3 percent in the first quarter.
"We're finishing the year very strong as the number one watched network for 13 out of 14 years," Chief Executive Les Moonves said Wednesday on CNBC's "Squawk on the Street."
One significant factor that lifted ad revenues? The scatter market: or the market for television ads bought after a new season has begun.
Demand there has been "extremely strong," Moonves said, which helped the broadcast company post double-digit ad revenue growth.
"As we head into this day, or this period, of the upfront, we see a lot more money coming into broadcast, so it's the perfect time for us with our ratings, [and] with the marketplace being extremely strong," Moonves said. "We can't wait to get into next year's selling."
The company said its net income rose to $473 million, or $1.02 per share, during the quarter, from $394 million, or 78 cents per share, a year earlier.
Analysts on average had expected earnings of 94 cents per share, according to Thomson Reuters I/B/E/S.
Moonves acknowledged the media industry is changing rapidly. But he remains confident about CBS' future, he said, noting the company has worked to make its content available across multiple platforms.
"The reason we're so bullish about CBS and our future is that we sell our content through the normal DirectTVs, Comcast and Time Warner ... [and] we'll be part of the skinny bundles, and then after that, we have over-the-top services, where you can buy CBS services a la carte," Moonves said.
"You have to have CBS, and we'll give it to you any way you like it."
CBS, home to shows such as "NCIS," "The Late Show With Stephen Colbert" and "The Big Bang Theory," said its revenue rose to $3.85 billion from $3.5 billion a year earlier. Analysts on average had expected $3.83 billion.
In early trading, CBS shares were up 2.37 percent at $56.98. (Get the latest quote here.)
— Reuters contributed to this story.