Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread 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
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
A series of tweets Monday marked the latest chapter in Trump's decadeslong effort to refute published reports that his previous financial problems have rendered him an...Politicsread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Sens. Mitch McConnell and Tim Kaine introduced a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
McGahn is cited more than any other witness in special counsel Robert Mueller's 448-page Russia report.Politicsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Despite high criticism from fans, the final episode of "Game of Thrones" shattered single-night viewing records Sunday, with 19.3 million tuning in to watch the finale.Entertainmentread more
Restaurants are thinking outside the box to attract and retain talent. A report from TDn2K, a restaurant analytics firm, finds that employee vacancies are a major concern for...Restaurantsread more
There is alarm in Europe that the Russian president could use the military exercises as a sort of Trojan horse or pretext for an annexation of Belarus, a former Soviet republic. Putin has had an increasingly acrimonious relationship with Belarusian President Alexander Lukashenko, particularly since Russia annexed the Ukrainian territory of Crimea.
"Russia is billing it as modest exercises under 13,000 troops, but everything points to probably the largest military exercise in post-Soviet history," said Leon Aron, resident scholar and the director of Russian studies at the American Enterprise Institute, a Washington think tank.
According to Aron, these types of exercises preceded Russia's invasion and later conflict with Georgia, a former Soviet republic that before the war was getting closer to Washington. Similarly, Russia used military exercises as a cover for its assault on the former Soviet republic of Ukraine.
Russia insists its quadrennial Zapad (or Russian for west) joint military drills scheduled Sept. 14-20 will include 12,700 troops and are designed to "test military coordination." However, the New York Times reported last month the entire exercise could involve up to 100,000 people when also including "security personnel and civilian officials."
"We urge Russia to share information regarding its exercises and operations in NATO's vicinity to clearly convey its intentions and minimize any misunderstandings," Pentagon spokesman Johnny Michael told CNBC.
Playing out in the background, though, are concerns from Estonia and its other Baltic NATO neighbors that the Russian 2017 Zapad military exercises have a hidden agenda.
Indeed, Vice President Mike Pence during a recent visit to Estonian capital of Tallinn said: "Russia seeks to redraw international borders by force, undermine democracies of sovereign nations and divide the free nations of Europe."
In April, Reuters quoted then-Estonian Defense Minister Margus Tsahkna as saying his country and other members of NATO obtained intelligence that Russia planned to send troops and resources to Belarus and that when they leave, they will not remove all the equipment and leave some permanent forces behind.
"For Russian troops going to Belarus, it is a one-way ticket," Tsahkna told Reuters. "This is not my personal opinion, we are analyzing very deeply how Russia is preparing for the Zapad exercises."
Tsahkna also was quoted as saying Moscow asked for about 4,000 rail cars to Belarus to transport tanks and other military hardware for the war games. German reports have indicated that is 1,000 more rail cars than the 2013 Zapad.
"Unfortunately, the Russians have a big habit of actually doing operational activities under the guise of war games," said James Carafano, vice president of foreign and defense policy studies at the Heritage Foundation, the Washington think tank. "This goes back to the days of the Soviet Union. So it definitely makes people nervous."
Carafano, who advised the Trump transition team on foreign policy, said the upcoming Zapad military maneuvers also are drawing attention because Russia is getting out from having to invite outside observer nations by claiming it will have less than 13,000 soldiers in the drills. Also, by holding several smaller drills at once Moscow skirts the international treaty known as the Vienna Document and could potentially have the 100,000 people.
"We defer to Russia obviously for anything specific to their military exercises and posture," the Pentagon official said. He also indicated Russia has "conducted several large-scale snap exercises along NATO's eastern flank with little to no notice and in a non-transparent manner."
Then again, Russian media claim Baltic states of Lithuania and Latvia — two former Soviet Republics now part of NATO — are sending observers to the upcoming drills. CNBC reached out to NATO for comment.
Regardless, Putin has been growing uneasy with the West warming to Lukashenko, president of Belarus since 1994. The U.S. has sought to get closer to Belarus by lifting some sanctions it imposed to encourage political forums. Last year, The European Union also lifted its five-year sanctions on Belarus, a country with about 10 million people.
Moscow also isn't happy that Belarus continues to depend on Russian subsidies because the collapse in oil prices has made Moscow cutback on spending. Moreover, Lukashenko's ties with Moscow worsened when he positioned himself as a neutral mediator for the Ukraine peace talks.
"This isn't the kind of stuff that Putin likes to see from a country he expected was a very close ally," Aron said.
Belarus and Russia entered into a formal "Union State" in 1999 to promote trade and other policies but the goal of a single currency was never realized. Some experts suggest Putin could use this agreement as essentially legal cover to absorb Belarus.
Still, Aron said the Russian people are "not terribly concerned about Belarus" the way they were about Ukraine, which he said is viewed as part of Russian heritage dating back centuries. But he added that polls in Belarus show about a majority of people approve of Russia's annexation of Crimea and remain generally pro-Russian.
At the same time, there's a chance Belarusian's officers might side with Russia in a military conflict. Some of the officers were trained in Russian military schools and tend to be paid less than their peers in Russia.
"One of the issues there is that they (Belarusian soldiers) think that if there is a union with Russia, or Belarus gets incorporated in Russia, they'll be not only far better paid but they will become part of a military superpower instead of being this sort of backwater army," said Aron.