Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Treasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution...Asia Marketsread more
Research analyst Adam Jonas, a long-time Tesla bull, said it's extremely unlikely that big tech firms like Apple or Amazon would buy it.Technologyread more
The disclosures come as a federal judge ruled Wednesday that two other banks — Deutsche Bank and Capital One — can give financial documents to Congress, NBC News reports.Politicsread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
Officials remained firmly committed to a "patient" policy stance at their meeting earlier this month.The Fedread more
The president may have more success in the court fights to come, including appeals in the cases decided this week. But the two losses are nonetheless a dramatic setback for...Politicsread more
Volkswagen has raised the profit target on its VW-branded vehicles for 2020, after the car manufacturer almost hit the goal nearly three years ahead of schedule.
Volkswagen said Thursday that its namesake brand will exceed its 2017 margin target of 2.5 to 3.5 percent. This result is remarkable, considering the hugely disruptive diesel scandal in 2015.
The 2020 margin target for the Volkswagen brand has now been lifted to sit between 4 and 5 percent.
The VW brand, which makes up about half of sales for the 12-brand Volkswagen Group, has also recorded strong sales across 2017.
VW's Brand CEO Herbert Diess said Thursday that a new SUV launch in the U.S., a recovery in Latin America and reduced costs in Europe were helping the firm.
"Basically, we are one year ahead in our turnaround program and that gives us confidence," he said.
Diess issued some caution for Volkswagen's future, however. He said there was currently a window of opportunity for big tech companies to enter the auto sector.
"We see that from the west coast of the United States and also many new investments from China — it is still hugely expensive. It takes a lot of money to become car manufacturer but it can be done now," he said.