While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
Home Depot on Tuesday reported sales that missed analysts' expectations, as rising lumber prices weighed on its business.Retailread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
U.K. Prime Minister Boris Johnson told the EU that a Brexit deal can still be approved by U.K. lawmakers if Brussels agrees to scrapping the contentious Irish "backstop."read more
Baidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.Technologyread more
Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.World Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
Facebook showed a violent virtual reality game demonstration in its kiosk at a conservative political conference near Washington, then removed the demo out of respect for recent school shooting victims in Florida after at least one attendee shared a video of it on Twitter.
The demonstration was part of a highlight reel used to promote its Oculus virtual reality game unit. That reel was included in Facebook's booth at the Conservative Political Action Committee event, where a user posted it on Twitter:
Facebook removed the reel from the booth, and temporarily removed the shooting demo from the reel, soon thereafter. The company said in a statement to CNBC that it regretted not removing the VR shooter game sooner.
"There is a standard set of experiences included in the Oculus demos we feature at public events. A few of the action games can include violence. In light of the recent events in Florida and out of respect for the victims and their families, we have removed them from this demo. We regret that we failed to do so in the first place," said Hugo Barra, vice president of VR at Facebook.
The demo for the game, called "Bullet Train," is being developed by a third-party game-maker, not Oculus, the company said.