Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
A training exercise involving U.S. B-52 bombers flying alongside South Korean warplanes was canceled following threats that Pyongyang would withdraw from a highly anticipated summit with President Donald Trump next month, The Wall Street Journal reported, citing U.S. officials.
According to Friday's report, the officials said South Korea had asked to not participate in an air drill that also involved Japan and the U.S.
The White House referred CNBC's request for comment about the Journal report to the Pentagon, which said plans for a separate exercise is continuing as planned.
The news came a day after the Defense Department said the U.S. had no plans to scale back the exercises.
When asked if the U.S. Air Force B-52 Stratofortress, a long-range bomber capable of deploying nuclear weapons, was leaving the exercises, chief Pentagon spokeswoman Dana White said Thursday that the scope of the exercises has not changed.
"These are alliance decisions, this is something that we do to ensure the readiness of both our forces as well as the South Korean forces," White said, noting that the training is "longstanding and defensive in nature."
White also said the Defense Department has not held any talks to scale back its future training operations on the Korean Peninsula.
"There has been no talk of reducing anything, there has been no talk of changing our scope. These are annual exercises and we are very transparent about them," White said.
Meanwhile, White House press secretary Sarah Huckabee Sanders said Thursday that the administration was continuing to prepare for the June 12 summit in Singapore. Soon thereafter, Trump told reporters that if the meeting doesn't happen, the administration will move on.
The North's state-run news agency described a bilateral military drill dubbed "Max Thunder," as a "provocation" and a test run for an invasion. The exercise that was supposed to involve the B-52s was a separate endeavor.
"There was never any plan for B-52s to participate in exercise Max Thunder, and the exercise continues as scheduled without change," a Pentagon spokesman told CNBC.
Lisa Collins, a fellow with the Korea Chair at the Center for Strategic and International Studies, described Pyongyang's reaction to the planned military exercises as a "cover to express their dissatisfaction with a bunch of different issues."
"North Korea does normally take issue with military exercises, but these were announced several weeks ago, and even the South Koreans said that Kim Jong Un was willing to overlook the U.S. and South Korean exercises happening in the region, " Collins said in a previous interview with CNBC.
Collins also said she expects the reclusive leader from the North to attend the meeting with Trump.