Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Hurricane Irma has killed at least eight people, and the toll is likely to rise, on the Caribbean island of Saint Martin and also caused devastation on other islands on Thursday as one of the most powerful Atlantic storms in a century took aim at Florida. (Reuters)
*Maps: Tracking the path of Hurricane Irma (NYT)
Irma sent farmers and food companies scrambling to protect processing facilities, farm fields and animal herds in the south and southeastern parts of the United States. Worries about the storm hitting growing regions in the Caribbean and Florida helped boost raw sugar futures on the Intercontinental Exchange on Wednesday. (Reuters)
Senate Majority Leader Mitch McConnell introduced legislation Wednesday night that would pair a $15.25 billion disaster aid package with an agreement struck by President Trump and congressional Democrats to raise the federal borrowing limit and keep the government open until mid-December. (Washington Post)
*Trump splits with GOP to support Democrats' plan to package Harvey aid, debt ceiling, spending (CNBC)
Oil prices held steady this morning, supported by rising demand from the United States where Gulf Coast refineries are restarting in the wake of Hurricane Harvey, which hammered Louisiana and Texas almost two weeks ago. (Reuters)
President Trump is unlikely to choose his top economic advisor Gary Cohn as the next Federal Reserve chairman, according to the Wall Street Journal. Trump reportedly soured on appointing Cohn to lead the Fed after the advisor criticized the president's reaction to violence at a white supremacist rally in Virginia last month. (WSJ via CNBC)
*Vice Chair Stanley Fischer stepping down from Fed, citing 'personal reasons' (CNBC)
Treasury Secretary Steve Mnuchin said Wednesday that if the U.N. does not put additional sanctions on North Korea over nuclear tests, he has an executive order ready for President Trump to sign that would impose sanctions on any country that trades with Pyongyang. (Reuters)
*China agrees more UN actions needed against North Korea after nuclear test (Reuters)
Russian President Vladimir Putin warned it is "impossible to scare" North Korea today, adding that Pyongyang would always be opposed to quitting its nuclear program because the country views this as its only means of self defense. (CNBC)
Facebook turned over all information about ads likely purchased by Russian operatives to special counsel Robert Mueller, a report says. The report followed news that an internal Facebook investigation found agents of the Kremlin may have spent $100,000 on ads with "divisive messages" between June 2015 and May 2017. (CNBC & Reuters)
The Syrian army said Israel targeted a military site in Hama province early today which a war monitor said could be linked to chemical weapons production. The air strike killed two soldiers and caused damage near the town of Masyaf, an army statement said. (Reuters)
Toys R Us has hired a law firm to help restructure its roughly $400 million in debt due in 2018, a move that could include the marquee toy store filing for bankruptcy protection, sources familiar with the situation said Wednesday. (CNBC)
IBM says it will spend $240 million to open a Watson-branded artificial intelligence research lab in collaboration with a long-time partner, MIT. IBM has made larger financial commitments in the past. Still, the amount of money is notable in the world of AI research. (CNBC)
Apple (AAPL) has finalized a deal with Warner Music for music streaming rights for its Apple Music service, according to Bloomberg. The report said Apple could be close to a similar deal with Sony (SNY).
Royal Caribbean (RCL) increased its quarterly dividend to 60 cents per share from 48 cents, an increase of 25 percent. The cruise line operator's stock has been down the past three sessions on concerns about the financial impact of hurricanes Harvey and Irma.
RH Inc. (RH) is among our stocks to watch today, after the Restoration Hardware parent reported adjusted quarterly profit of 65 cents per share, 18 cents above estimates. The retailer also saw revenue beat forecasts, and a same-store sales increase of 7 percent was better than the 5.4 percent consensus estimate by analysts. RH also raised its full-year forecast, as it benefits from a shift to a membership model.
CBS (CBS) will see a delay in its planned buyout of Australian broadcaster Ten Networks, after a court agreed to put the deal on hold to hear a challenge by a rival consortium led by News Corp (NWSA) co-chairman Lachlan Murdoch.
AstraZeneca (AZN) said its Duaklir drug showed significant improvement in lung function for COPD patients. The drug maker said it sees a submission to the FDA for approval in the first half of 2018.