Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
Stocks in Asia were mostly higher on Tuesday as a temporary reprieve in U.S.-China trade tensions provided a breather.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
Huya, a Chinese live streaming platform focused on gaming, is looking to expand into the U.S. in the next couple of years, CEO Rongjie Dong told CNBC. The U.S. is expected to...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
Citigroup (C) CEO Mike Corbat, speaking at a conference earlier this week, indicated the bank's second-quarter net income would be roughly 25 percent lower than the same period a year earlier. Citigroup is scheduled to report quarterly results next month. (Reuters)
JPMorgan (JPM) CEO Jamie Dimon is calling a British exit from the EU a "terrible deal for the British economy, " saying the bank "may have no choice but to reorganize our business model" there if a Brexit were to take place. (FT-subscription)
Wal-Mart (WMT), at its annual meeting today, is expected to announce a grocery delivery pilot with Uber and Lyft, as the retail giant seeks to use its network of stores to better compete with Amazon (AMZN). (CNBC)
It appears Twitter (TWTR) had thought about joining the bidding for Yahoo (YHOO). Twitter reportedly met with Yahoo CEO Marissa Mayer to explore a possible merger a few weeks ago, but dropped out of the process soon after the meeting. (New York Post)
In a race with Alphabet's (GOOGL) Google unit, an executive at Baidu (BIDU) said today the Chinese search-engine giant plans to mass produce a driverless car in five years. Baidu is already testing its autonomous vehicle in China. (WSJ)
Facebook's (FB) board has submitted a proposal to remove majority voting control from co-founder and CEO Mark Zuckerberg, should he ever decide to leave his management position. (Reuters)
BP (BP) has agreed to pay $175 million to settle a shareholder class action alleging the firm misled investors by understating the severity of the 2010 Gulf of Mexico oil spill. BP already settled civil claims with the U.S. government and five states for $18.7 billion. (Reuters)
A doctor for media mogul Sumner Redstone said the ailing 93-year-old "retains the legal mental capacity to make the decisions " that he's made in recent weeks regarding oversight of his controlling interests in Viacom (VIAB) and CBS (CBS). (WSJ-subscription)
In addition to the jobs report, the government also issues April trade deficit figures at 8:30 a.m. ET. Then at 10 a.m. ET, the Institute for Supply Management releases its May nonmanufacturing index, while the government puts out its April factory orders report.
Chicago Fed Charles Evans told CNBC there could be two interest rate hikes this year, if economic data continue to be favorable. But the timing of the moves won't prove to be crucial, he added. Central bankers raised rates for the first time in more than nine years in December.
European Central Bank Governing Council member Ewald Nowotny said he's not concerned about inflation remaining well below the ECB's target until 2018, adding policymakers were allowing stimulus measures introduced earlier this year to take effect.
Gap (GPS) reported a 6 percent drop in same store sales in May. The retailer, which also owns Banana Republic and Old Navy, called the month challenging, but saw an upswing heading into the Memorial Day weekend.
United (UAL) and Delta (DAL) are among suitors considering bids for Avianca, according to the Wall Street Journal. Revenue at Avianca, one of the largest airlines in Latin America, was $4.7 billion in 2014.
Toyota (TM) suspended production at three Japan plants affected by an explosion at a supplier's factory earlier this week. The automaker expects full production to resume by the beginning of next week.
McKesson (MCK) is considering a separation of its IT business, according to the Wall Street Journal. The drug distributor is said to be weighing a sale or a merger for the business.
Chemours (CC) strongly refutes a critical report from short-selling firm Citron, which said the chemical firm is "toxic from the balance sheet to the courtroom." Chemours was spun off from DuPont (DD) last year.
Apple (AAPL) services have been restored, after an outage in the U.S that started after 3 p.m. ET. Some of iCloud's functions were back around 5:15 p.m. ET, while the App Store was back about an hour later. All services were resumed just before midnight. (CNBC)