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
"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
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
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
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
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread 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
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
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
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
"I think it's going to unfold like the tea party, only bigger," the former White House chief strategist told Bloomberg News. "It's not Me Too. It's not just sexual harassment. It's an anti-patriarchy movement."
He added: "Time's up on 10,000 years of recorded history. This is coming. This is real."
Bannon made the comments during a running commentary on Trump's State of the Union address at the end of January – before a scandal erupted about a top Trump aide, Rob Porter, was accused of domestic abuse by two ex-wives. The White House, particularly chief of staff John Kelly, has come under fire for its response to the allegations.
Before issuing more critical responses to the Porter scandal, Kelly and the White House praised the one-time staff secretary, even as photos of one of his wives' bruised face was published.
White House spokesman Raj Shah told reporters on Thursday: "I think it's fair to say we all could have done better over the few hours or last few days in dealing with this situation."
Bannon said he believes Trump and the White House recently softened positions on some issues, including immigration, because they're worried about a decline in white women's approval of the president. "It's a total free fall," he told Bloomberg.
At one moment, according to the Bloomberg story, Bannon commented on the potentially symbolic wardrobe choice of first lady Melania Trump as she entered the House chamber just before her husband's speech. "She's wearing suffragette white," he said. "Suck on that."
Bannon departed the White House in August after a tumultuous tenure as Trump's chief strategist. Previously, he was head of Trump's presidential campaign, helping to steer the real estate mogul and reality TV star to a shocking victory in the 2016 race for the White House.
Bannon, who also used to be in charge of right-wing news outlet Breitbart, fell out of grace with Trump and much of the conservative establishment in January with the publication of Michael Wolff's incendiary tell-all, "Fire and Fury: Inside the Trump White House." In the book, Wolff quotes Bannon making a number of extreme claims while slamming adult Trump children Ivanka and Donald Jr.