Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
Stocks in Asia were mostly higher on Tuesday as a temporary reprieve in U.S.-China trade tensions provided a breather.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
Huya, a Chinese live streaming platform focused on gaming, is looking to expand into the U.S. in the next couple of years, CEO Rongjie Dong told CNBC. The U.S. is expected to...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
Top White House officials derided President Donald Trump for his intelligence, according to claims in an upcoming book seen by NBC News.
Michael Wolff's book, "Fire and Fury," describes colorful comments made by Treasury Secretary Steven Mnuchin, former chief of staff Reince Priebus, chief economic advisor Gary Cohn and national security advisor H.R. McMaster.
"There was now a fair amount of back-of-the-classroom giggling about who had called Trump what. For Steve Mnuchin and Reince Priebus, he was an 'idiot.' For Gary Cohn, he was 'dumb as s--t.' For H.R. McMaster he was a 'dope.' The list went on," an excerpt reads, according to NBC.
The book, set to be released Tuesday, follows reports this summer that Secretary of State Rex Tillerson called the president a "moron." Tillerson has not specifically denied making that comment.
The comments in the book extended beyond the president himself. Former chief strategist Steve Bannon, whose comments about Donald Trump Jr. drew the president's ire, also called Ivanka Trump "dumb as a brick" in the book, according to NBC and The Wall Street Journal.
Earlier Wednesday, White House press secretary Sarah Huckabee Sanders said the book was "filled with false and misleading accounts from individuals who have no access or influence with the White House."
On Thursday, Trump's personal attorney sent a cease and desist letter to Wolff and his publisher, Henry Holt & Co., and demanded an apology for the content of the book.