The Dow Jones Industrial Average fell on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses, people familiar with the matter told CNBC. The glasses, code-named 'Orion,' are being...Technologyread more
The Trump administration move on California's auto emissions standards would likely set up a fight between the White House and the state.Politicsread more
"I feel really confident that defense-minded CEOs, when they are on defense, they're going to come to" flexible offices and away from traditional leases, Knotel CEO Amol Sarva...Commercial Real Estateread more
Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.Retailread more
As Netflix's rivals prep for their own streaming service launches, and snatch up content belonging to their own networks, Netflix could soon face a dry well when it comes to...Entertainmentread more
"There's a huge reorganization going on in China regarding fentanyl to try to shut it down," Blackstone co-founder Stephen Schwarzman says.Health and Scienceread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The fine against Carmene "Zsa Zsa" DePaolo was the maximum possible civil penalty that she faced under the Hatch Act for her comments about Hillary Clinton's immigration plan...Politicsread more
Pyongyang was previously on the list of terrorist states but it was removed in 2008 as China, Japan, Russia, South Korea and the U.S. held talks with the isolated country on disabling its nuclear facilities. The talks eventually broke down but North Korea stayed off the list, until now.
The international community, including Seoul and Tokyo, support Trump's measure, saying the relisting will pressure Pyongyang to denuclearize. But experts aren't so sure: Many said the act, which will impose further sanctions on dictator Kim Jong Un's regime, sends mixed messages about Washington's intentions.
The world's largest economy has a policy of "maximum pressure" against the nuclear-armed nation, a strategy underpinned by economic penalties and trade restrictions with the aim of forcing Pyongyang back to the negotiating table. Monday's action, however, isn't seen as conducive to that line of thinking.
Pressure is presumably intended to lead to some type of diplomacy, but the designation will only confuse North Korea and make it difficult for its leadership to respond to future diplomatic signals, explained Daniel Sneider, visiting scholar at Stanford University's Shorenstein Asia-Pacific Research Center.
"I really don't understand what the point of [relisting] is if diplomacy is the goal," he said. "It doesn't suggest to me like this is a step meant to lead to talks with the North Koreans."
During a five-nation tour of Asia, the U.S. president expressed a willingness to talk with Kim despite previous assertions that negotiations were a waste of time. Speaking in Seoul earlier this month, Trump urged Kim to "come to the table and make a deal."
"With pressure building for talks, we are not sure if Trump's goal is to strong arm North Korea, or to torpedo any hopes of a diplomatic solution," Rob Carnell, ING's head of Asia research wrote in a Tuesday note. "We are confused. Is this intentional? We imagine North Korea will not take long to respond," he added, referring to Monday's move.
The reclusive state has maintained a low profile for the past two months and refrained from any nuclear belligerence — its latest act was firing a ballistic missile over Japan on Sept. 15. Kim had been widely expected to engage in some kind of provocation on Oct. 10, the 72nd anniversary of the ruling Workers Party, or Oct. 18, the beginning of China's 19th Party Congress.
This quiet period "almost certainly is a prelude to a major provocation," said Sung-Yoon Lee, a professor in Korean studies at The Fletcher School at Tufts University. "The same old cycle of provocations followed by more concessions will resume at a time of Pyongyang's own choosing."