Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.Singapore Summitread more
No quid pro quo, there was nothing," Trump said the call. "It was a perfect conversation."Politicsread more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Singapore Summitread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Singapore Summitread more
Markets across the globe have become obsessed about the next move from the U.S. Federal Reserve. Asset classes have been turning in an instant on the smallest of speculations about the U.S. economy or comments from members of the Federal Reserve.
But this fascination with the Fed has been growing in the past few years with global markets paying a lot of attention to U.S. economic data such as jobs reports and analyzing statements made by the Federal Reserve chair Janet Yellen. So will this obsession ever end?
"The obsession is not so much with one rate hike per se but about second-guessing how other investors and markets would react," Alastair Winter, chief economist at Daniel Stewart told CNBC via email.
"If the FOMC hiked this month, which I doubt, and said that's all for another nine-12 months, which I doubt even more, nobody would care very much. However, because FOMC members are talking all the time about more than one hike and 'a return to normality' the investors do have to think that through: a sort of worst case analysis of a market funk."
Winter also explained that all the "flashing hot and cold" by FOMC members has also made investors rather cynical about any new hints in speeches.
"I personally do not think there is a need for the Fed to hike now and I suspect most members of the FOMC think that too but they clearly feel they ought to chatter about it incessantly. This adds to the unease amongst investors."
Meanwhile, another analyst told CNBC that the Fed needs to hike rates because their toolbox is empty. Eric Vanraes, portfolio manager at EI Sturdza Investment Funds thinks the Fed could hike as soon as September, but that it's unlikely to raise rates more than once before the end of the year.
"The credibility of central banks is essential. It is the problem of the Fed that they had to stop this rate policy and the door was open at the end of the year 2014 and they did not do anything. Today I am afraid it is a bit too late. The problem of the Fed is that they need to raise rates, not because the economy is doing well but because the toolbox is empty."
But as well as the will-they-won't-they speculation, markets seem to be obsessed with the timing of this hike. Emerging markets have been cautious as a Fed rate hike could mean a stronger dollar which, in turn, could weaken their currencies – a repeat of the events that unfolded after the Fed decided to roll back its bond-buying program in December 2013.
Ever since the Fed raised interest rates for the first time in December 2015, financial markets have been riding on the wave of optimism that there are more hikes to come. Goldman Sachs recently said in a research note that a September rate hike remains on the table even with a disappointing jobs report.
The bank last week put 55 percent odds for a hike at the Fed's Sept. 20-21 meeting and 80 percent odds by the December meeting. The firm said the soft jobs report makes it a "close call" for September.
"The obsession with a Fed rate hike has developed over the last couple of years, starting with the central bank wanting to begin the tightening process at a time that many in the markets believed was wrong, to now being in a position when its credibility is constantly being called into question," Craig Erlam, senior market analyst at Oanda told CNBC via email.
Erlam further explained that we are now in a scenario where markets no longer reflect the message that the Fed is trying to put across, making the job of raising rates with minimal market disruption a very difficult one.