Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
J.P. Morgan Chase reportedly ousted its "special operations" head after learning that his insider security group had started spying on the bank's top executives.
With the help of more than 100 engineers from the data mining company Palantir, Peter Cavicchia III collected emails, browser histories and GPS locations from company phones, as well as transcripts from recorded phone conversations. The original surveillance, started in 2009, was sanctioned by the bank as a means to keep tabs on potentially dishonest traders, according to a Bloomberg News report published Thursday.
The extensive data collection, however, came to an abrupt halt after Cavicchia "went rogue," collecting data on some of the bank's senior executives and sparking an internal scandal, the report said. He was forced to resign in 2013.
J.P. Morgan Chase declined to comment on this article.
Founded in 2004 by Peter Thiel, Palantir originally made a name for itself working for federal agencies, including the CIA and other members of the U.S. intelligence community. Palantir tech has been credited with helping the U.S. military detect roadside bombs in Afghanistan as well as helping create a controversial license plate database for the State of California.
Read the full Bloomberg News report here.