Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
San Francisco on Tuesday became the first city in the country to ban e-cigarettes after city officials voted in favor of an ordinance that prohibits the sale of any...Health and Scienceread more
See which stocks are posting big moves after the bell on June 25.Market Insiderread more
President Donald Trump blasted Pakistan for being a terrorist hotbed on Monday and stressed the need for stronger ties with India in remarks likely to worsen ties between the two nuclear-armed rivals.
During a speech focused on U.S. military engagement in Afghanistan, Trump accused Islamabad of harboring militants and warned of consequences if the government didn't crack down on sweeping fundamentalism.
"The U.S. can no longer be silent about Pakistan's safe havens for terrorist organizations, the Taliban and others, that pose a threat to the region and beyond ... No partnership can survive a country's harboring of militants, " he said.
A few sentences later, the leader brought India into the equation.
"The U.S. will further develop its strategic partnership with India," Trump said, referring to the realm of counter-terrorism. Washington wants New Delhi to help more with Afghanistan in areas of economic assistance and development, he added.
While previous U.S. administrations have long echoed similar views, siding with India immediately after criticizing Pakistan is a risky gambit, according to strategists.
Trump's comments are polarizing a deeply divided region, said Jan Zalewski, a senior South Asia analyst at Verisk Maplecroft. Islamabad views New Delhi as a key national security threat, so the U.S. praising India while chiding Pakistan isn't likely to go down well, he explained.
Both South Asian giants, who are historical arch-enemies, face numerous threats from international and regional terror groups, including the Islamic State, Al-Qaida in the Indian Subcontinent, Lashkar e-Tayyiba and Jaish-e-Mohammad.
Pakistan witnessed 734 terrorist attacks in 2016, according to recent figures by the U.S. State Department, compared to India's 927 incidents and Afghanistan's 1,340 figure.
"The fact that Trump is taking sides could hurt counter-terror initiatives between India and Pakistan," said Rohan Gunaratna, head of the International Center for Political Violence and Terrorism Research at Singapore's Nanyang Technological University.
"He shouldn't be playing favorites. The ideal U.S. strategy should be uniting India and Pakistan because both these countries are victims of regional terror groups," he added.
In the past, New Delhi and Islamabad have attempted to strengthen joint counter terrorism operations, but territorial clashes, particularly concerning the disputed region of Kashmir, emerge as regular obstacles.
Domestic groups executing attacks against Pakistan's civilian and government targets include the Tehrik-e Taliban Pakistan, the Afghan Taliban and its affiliated Haqqani Network. India's homegrown threats, meanwhile, range from armed Christian separatists in Assam to Maoist rebels.
Trump's comments could enable hardliners in Indian Prime Minister Narendra Modi's administration to take a stronger stance against Islamabad, warned Alexander Capri, visiting senior fellow at the National University of Singapore.
"Look at what happened with Saudi Arabia, the Gulf states and Qatar after Trump's first trip overseas, where he emboldened Sunni Gulf countries to take action against Iran and its Shia stakeholders. " The same kind of dynamic could unfold with India and Pakistan, Capri continued.
In fact, Trump's remarks could even increase terrorist activities.
"Many terrorist groups in Pakistan maintain an overtly anti-Indian agenda, [so] a significantly increased Indian role in Afghanistan would likely increase terrorism risks against Indian targets in Afghanistan and in India itself," warned Zalewski.