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
Environmental Protection Agency Administrator Scott Pruitt says he will start flying coach after a series of news reports drew attention to his high-cost travel habits.
In response to those reports, the EPA said Pruitt had flown first or business class on the recommendation of his security detail. That advice followed several unspecified incidents during previous trips and an unusual number of threats leveled at the Trump appointee.
"These threats have been unprecedented from the very beginning, and the quantity and type are unprecedented," Pruitt said in an interview with CBS News.
"I have a responsibility to listen to those individuals that are charged with the obligation to keep me safe and to keep the employees at the agency safe, and I listen to them."
But Pruitt told CBS News he has instructed his security team to explore other options.
"What I've told them going forward is this: There's a change occurring. You're going to accommodate the security threats as they exist. You're going to accommodate those in all ways — alternate ways — up to and including flying coach, and that's going to happen on my very next flight," he said.
The EPA's inspector general was already investigating the price tag of Pruitt's trips and security detail when a watchdog group reported last month that the administrator and aides had run up a $90,000 travel bill in early January.
After the report, Republican House Oversight Committee Chairman Trey Gowdy sent a request for information about the travel arrangements to the EPA.
Pruitt, who is charged with protecting the nation's air and environment, has become a lightning rod for his record of climate change skepticism, his aggressive rollback of Obama-era environmental regulations and his close relationship with the companies the EPA regulates.