The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Former FBI Director James Comey has a book deal.
Flatiron Books told The Associated Press on Wednesday that Comey is writing a book about leadership and decision making that will draw upon his career in government. Comey will write about experiences that made him the FBI's best-known and most controversial FBI head in recent times, from his handling of the bureau's probe into Hillary Clinton's private email server to allegations of ties between Russia and Donald Trump's presidential campaign. Trump fired Comey in May and soon after told NBC News that he was angered by the FBI's investigation into "this Russia thing with Trump and Russia," which he called a fake story. Comey has since testified before Congress that Trump asked him to end an investigation into former National Security Adviser Michael T. Flynn and kept memos about his meetings with the president.
According to Flatiron, Comey will cite "examples from some of the highest-stakes situations in the past two decades of American government" and "share yet-unheard anecdotes from his long and distinguished career."
The book is currently untitled and scheduled for next spring.
"Throughout his career, James Comey has had to face one difficult decision after another as he has served the leaders of our country," Flatiron Publisher and President Bob Miller said in a statement. "His book promises to take us inside those extraordinary moments in our history, showing us how these leaders have behaved under pressure. By doing so, Director Comey will give us unprecedented entry into the corridors of power, and a remarkable lesson in leadership itself."
Comey was represented by Matt Latimer and Keith Urbahn of Javelin. Financial terms were not disclosed, but several publishers bid for the book and three officials with knowledge of the negotiations said the auction topped $2 million. The officials asked not to be identified because were not authorized to discuss the book.
Comey was appointed as FBI director by President Barack Obama in 2013. On Tuesday, the Senate confirmed his successor, Christopher Wray, a former high-ranking official in President George W. Bush's Justice Department who oversaw investigations into corporate fraud.