Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering up with Grand Rounds, a start-up that sells into the employer channel, to make...Technologyread more
But it's still unclear when the currently stalled trade negotiations between the two economic superpowers will restart, Lighthizer said.Politicsread more
Apple's iOS 13 update, which will be available in the fall for iPhones, will let Siri read your text messages to you through your AirPods. Here's how to set it up.Technologyread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
Facebook is leading the FANG stocks this year, and Miller Tabak's Matt Maley foresees more upside.Trading Nationread more
Ford says its 2020 Mustang Shelby GT500 has 760 horsepower and 625 foot-pounds of torque, making it the most powerful street-legal Ford.Autosread more
North Korea carried out what it said is the demolition of its nuclear test site Thursday, setting off a series of explosions over several hours in the presence of foreign journalists.
The explosions at the nuclear test site deep in the mountains of the North's sparsely populated northeast were centered on three tunnels at the underground site and a number of buildings in the surrounding area.
The demolition came as the North lobbed another verbal salvo at Washington, calling Vice President Mike Pence a "political dummy" and saying it is just as ready to meet in a nuclear confrontation as at the negotiating table.
The North's decision to close the Punggye-ri nuclear test site has generally been seen as a welcome gesture by Kim to set a positive tone ahead of the summit. Even so, it is not an irreversible move and would need to be followed by many more significant measures to meet Trump's demands for real denuclearization.
By bringing in a small group of television journalists and other members of the news media, the North is likely hoping to have dramatic images of the closing — including explosions to collapse tunnel entrances — broadcast around the world.
The group of journalists that witnessed the demolition included an Associated Press Television crew.
The North did not invite international nuclear weapons inspectors to the ceremony.
The first blast visiting journalists witnessed happened at around 11 a.m. local time. North Korean officials said it collapsed the north tunnel, which was used for five nuclear tests between 2009 and last year.
Two other explosions at around 2:20 p.m. and 4 p.m. demolished the west and south tunnels, according to officials.
Thursday's demolition also involved the destruction of observation posts and barracks used by guards and other workers at the facility.
Another tunnel on the eastern side of the facility was shut down after an initial nuclear test in 2006.
The journalists who were allowed to witness the demolition arrived in the morning and stayed at the site for around nine hours.
Getting to the remote site required an 11-hour overnight train journey from Wonsan, a port city east of the capital, Pyongyang.
The outburst at Pence, issued in the name of a top Foreign Ministry official, comes on the heels of another sharp rebuke of Trump's newly appointed national security adviser, John Bolton, and has raised concerns that a major gap has opened between the two sides just weeks before the June 12 summit in Singapore.
In both cases, Pyongyang was trying to push back against hard-line comments suggesting North Korea may end up like Libya if it doesn't move forward quickly and irreversibly with concrete measures to get rid of its nuclear weapons.
Choe Son Hui, a vice minister of foreign affairs, was quoted Thursday by the North's state-run news agency slamming as "ignorant" and "stupid" comments Pence made in an interview with Fox News that compared the nuclear-capable North to Libya. Libya gave up its program at an early stage only to see its longtime dictator overthrown and brutally killed years later.
The summit plan has hit a number of speed bumps recently as both sides have begun trading barbs and taking tougher positions. Trump met with South Korean President Moon Jae-in on Tuesday at the White House for consultations and suggested the summit could be delayed or even called off entirely.
Even so, both sides still seem to want to hold the meeting, which would be unprecedented.
Success in talks would be a huge accomplishment for Trump. Meeting with the U.S. president as an equal on the world stage would be a major coup for Kim.