UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
President Donald Trump's "war of words" with North Korea is not the right way to go about addressing the nuclear threat from Pyongyang, former ambassador Nancy Soderberg told CNBC on Friday.
"What you want to try to do is try and solve this first through tough sanctions, and that's what we were doing until this war of words started that has thrown that off kilter. That's just wrong," said Soderberg, who served as ambassador to the United Nations and deputy national security advisor under President Bill Clinton.
What presidents normally do is work with their team to develop a policy that reflects the United States' allies, military generals and military analysis of how statements will impact the situation, she explained.
"Here you have a situation where the president is just clearly just making it up as he goes along and trying some bellicose language because he thinks that will work," Soderberg said in an interview with "Power Lunch. "
Earlier this week, Trump said if North Korea made any more threats to the U.S., it will be met with "fire and fury." North Korea responded by saying it was considering a plan to attack Guam and dismissed Trump's warnings as a "load of nonsense." On Thursday, Trump said his previous statement may not have been tough enough.
"Force has always been an option, but it has always been the last option, not the first," Soderberg said. "Rather than let that take effect and squeeze the North Koreans and get them back from the brink, we're escalating it and using language that President Kim uses in North Korea. That's not who we are."
And that doesn't mean talk hasn't been tough — the U.S. has been speaking forcefully to North Korea all this time, said Ellen Tauscher, former U.S. under secretary of state for arms control and international security under President Barack Obama.
"We just didn't do it in public," she said. For one, they didn't want to put somebody in a corner.
"This is not an ideal situation. We have a rogue dictator in the hermit kingdom who is starving his people, selling them as slaves, trading in contraband, trading in arms, under U.N. sanction without any real influence by the United States or the West," Tauscher told "Power Lunch."
— CNBC's Terri Cullen, Jacob Pramuk and John Shinal contributed to this report.
Watch: North Korea rhetoric ramps up