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
South Korean tech giant Samsung Electronics said on Thursday it expects solid earnings to continue in the second half of 2016, with stronger components demand likely offsetting heightened margin pressures for smartphones.
The world's No. 1 maker of smartphones and memory chips said mobile sales would likely remain buoyant in the third quarter but marketing costs would rise as rivals launch new models.
"Looking ahead to the second half of 2016, the company expects its solid performance to continue compared to the first half, mainly driven by earnings increase in the component business," Samsung said in a statement.
April-June profit rose 18% from a year earlier to 8.1 trillion won ($7.17 billion), the highest since the first quarter of 2014, Samsung said. The result was in line with the firm's earlier profit guidance.
Samsung's mobile division remained the top earner for the second straight quarter and was on track for its first annual profit gain in three years, thanks to strong Galaxy S7 handset sales and improved margins.
Profit for the smartphone division climbed 57% from a year earlier to 4.32 trillion won, the highest since the second quarter of 2014.
Samsung is expected to unveil its new Galaxy Note smartphone next week and will likely start selling its phablet about a month before rival Apple launches its new iPhones in September.
Though some investors say Samsung's profit may have peaked in April-June, signs of recovery in memory chip and display panel prices suggest the components businesses could buttress earnings in the second half.
Operating profit for the chips division fell 22 percent to 2.64 trillion won, its lowest since the third quarter of 2014, as broadly weaker demand for consumer electronics undercut chip prices.
Samsung however said earnings for the business would improve in the current quarter as market conditions stabilize.
The firm also said in separate filings it would buy back and cancel 1.79 trillion won worth of shares in the final installment of its 11.3 trillion won programme, and declared an interim dividend of 1,000 won per common share.
Samsung shares were down 0.1 percent as of 0015 GMT, compared with a 0.1% rise for the broader market.