"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
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 will honor the best comedies, dramas, limited and variety series from the last year.Entertainmentread 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
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
Federal Reserve Chair Janet Yellen said the central bank is concerned with growth get out of hand and thus is committed to continuing to raise rates in a gradual manner.
"We don't want to cause a boom-bust condition in the economy," Yellen told Congress in her semiannual testimony Wednesday.
While Yellen did not specifically commit to a December rate hike, her comments indicated that her views have not changed with her desire for the central bank to continue normalizing policy after years of historically high accommodation.
Markets widely expect a move next month but are not on the same page with the Fed when it comes to 2018. Current fed funds futures trading indicate only one or two hikes expected for next year, while the Fed has penciled in three for the year ahead.
"We are not seeing undue inflationary pressure in the labor market, so our policy remains accommodative," Yellen said. "But we do think it's important to gradually move our policy rate toward what I'll call a neutral level, which would be consistent with sustainably strong labor market conditions," she said.
The Fed currently targets its benchmark rate between 1 percent and 1.25 percent. Yellen's successor, Jerome Powell, told a separate congressional panel Tuesday that he sees the longer-run rate around 2.5 percent.
Yellen said the Fed does not want to stifle growth but feels strongly about keeping consistent with a labor market that is nearing full employment.
"We want to do this gradually, because if we allow the economy to overheat, we could be faced with a situation where we might have to ... raise rates and throw the economy into recession," she said. "We don't want to cause a boom-bust condition in the economy."
This is likely Yellen's final address to Congress. She has indicated she will leave the Fed when Powell is sworn into office in February.