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
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread 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
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread 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
The United States on Thursday flew some of its most advanced warplanes to South Korea to take part in bombing drills aimed at intimidating North Korea, after Pyongyang fired a midrange ballistic missile over Japan earlier this week, South Korea's military said.
Two U.S. B-1B supersonic bombers and four F-35 stealth fighter jets joined four South Korean F-15 fighters in live-fire exercises at a military field in eastern South Korea that simulated precision strikes against the North's "core facilities," an official from Seoul's Defense Ministry said.
The B-1Bs were flown in from Andersen Air Force Base in Guam while the F-35s came from a U.S. base in Iwakuni, Japan, the official said. He didn't want to be named, citing office rules.
The United States often sends its warplanes to South Korea when animosity rises on the Korean Peninsula, which is technically in a state of war because the 1950-53 Korean War ended with an armistice, not a peace treaty.
North Korea on Tuesday flew a potentially-nuclear capable Hwasong-12 intermediate range missile over northern Japan and later called it a "meaningful prelude" to containing the U.S. territory of Guam. North Korean leader Kim Jong Un called for his military to conduct more ballistic missile launches targeting the Pacific Ocean to advance the capabilities of its strategic force.
North Korea has been maintaining a torrid pace in weapons tests this year as it openly pursues a nuclear-armed, intercontinental ballistic missile capable of reaching deep into the U.S. mainland. Experts say Kim is clearly seeking a real nuclear deterrent against the United States to ensure the survival of his government and likely believes that will strengthen his negotiating position when North Korea returns to talks.
Pyongyang had earlier threatened to fire a salvo of Hwasong-12s toward Guam, which is home to key U.S. military bases and strategic long-range bombers the North finds threatening, and flight tested a pair of developmental ICBMs in July.
South Korean analysts said that the North's threat against Guam and the launch over Japan on Tuesday are likely part of attempts to make launches over Japan an accepted norm and won itself greater military space in a region dominated by enemies.