Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
After top congressional Democrats last night said they reached a deal with President Donald Trump to shield about 800,000 young immigrants from deportation, without the president's proposed border wall as a condition, Trump denied this morning any such deal was made. (CNBC)
President Trump will travel to Florida today to survey the damage from Hurricane Irma, which tore a massively destructive and deadly path through Florida, Georgia, and South Carolina as well as the Caribbean. (USA Today & Weather Channel)
Trump issued an order blocking a group that includes a Chinese venture capital firm from purchasing Lattice Semiconductor (LSCC), citing national security concerns. Trump's move marks only the fourth time in the past 27 years that a president has blocked a deal like this.(CNBC)
Treasury Secretary Steven Mnuchin asked for a government plane to fly to his European honeymoon earlier this year. The Treasury said Mnuchin had considered using a military plane because he needs access to secure communications. The plane request was later dropped when a secure communications option was identified. (CNBC)
A federal judge revoked the $5 million bond of convicted fraudster Martin Shkreli and ordered him jailed after ruling the notorious "pharma bro" was a danger to the public because of his offer on Facebook of cash for samples of Hillary Clinton's hair. (CNBC)
A North Korean state agency threatened to use nuclear weapons to "sink" Japan and reduce the United States to "ashes and darkness" for supporting a U.N. Security Council resolution and sanctions over its latest nuclear test. (Reuters)
*North Korea faces food shortages after intense drought and 'very bad harvest' (CNBC)
As Russian troops take part in what may be the largest military exercise since the Cold War, NATO has called on Moscow to be more "transparent" about its exercises. The main purpose of its exercise is to stimulate defense and counterattack in case of war with NATO member countries. (CNBC)
*NATO alert as Russia begins mass war games (Financial Times)
Democratic Senator Al Franken asked Apple to provide more details on the tech behind its Face ID system, which allows users to unlock their iPhone X using facial recognition. In a letter, he said, "substantial questions remain about how Face ID will impact iPhone users' privacy and security." (Tech Crunch)
* (CNBC's Mad Money)
Tesla CEO Elon Musk announced his company's "unreal" semi truck was tentatively set to be unveiled in October. Musk has already revealed some details about the project and had previously said it would be unveiled in September. (CNBC)
Musk has shared a sequence of clips demonstrating "how not to land" a SpaceX rocket. In an Instagram post, the SpaceX chief described the "sordid history" of orbital rocket Falcon 9. The rocket "eventually managed to land in one piece and stay that way," Musk said. (CNBC)
Expedia (EXPE) struck an alliance with British travel company Thomas Cook. Under terms of the deal, Expedia becomes Thomas Cook's preferred hotel provider for certain holiday sales.
Western Digital (WDC) was accused by Toshiba of "persistently overstating" its rights regarding Toshiba's planned sale of its memory chip unit. Western Digital, which is Toshiba's partner in a Japan-based chip plant, is part of a group seeking to buy the unit, although Toshiba is now leaning towards another group involving Bain Capital, Apple (AAPL), and others.
Equifax (EFX) Chief Executive Officer Richard Smith is expected to testify before a House panel October 3 on the credit reporting agency's massive data breach. This comes as nearly 40 states join a probe of the breach, which may affect as many as 143 million Americans.
Amazon.com (AMZN) is planning to build a one million square foot warehouse near Mexico City, according to a Reuters report.
Barclays (BCS) won dismissal of a class action suit brought by investors who had bought the bank's stock ahead of the 2008 financial crisis. The suit had accused Barclays of hiding its exposure to risky debt.
After years of toe-to-toe battling with a small band of critics and a fellow billionaire, Barry Diller said he's pulling the plug on his family's commitment to build and operate a $250 million performance center on an undulating pier in the Hudson River. (NY Times)