Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. Trade Representative Robert Lighthizer will meet with officials from the European Union and Japan at the ministerial meeting of the Organization for Economic Co-operation...World Economyread more
The head of the Missile Defense Agency says it is only a matter of time before hypersonic weapons are added to the arsenals of America's adversaries.
"The hypersonic threat is real, it is not imagination," Air Force Lt. Gen. Samuel Greaves explained Tuesday at the Capitol Hill Club, noting that defending against hypersonics has become a top priority for the agency.
A hypersonic weapon is a missile that travels at Mach 5 or higher, which is at least five times faster than the speed of sound. This means that a hypersonic weapon can travel about one mile per second.
"Those who have access to the information know that ... the capability to deploy hypersonic weapons has been done. It's real, it's coming, it's a matter of time," Greaves said. "The question will be what have we done to prepare ourselves to mitigate or eliminate that threat five, six, or seven years from now when it shows up," Greaves added.
Greaves comments come amid that assess Russia will be capable of fielding a hypersonic glide vehicle, a weapon that no country can defend against, by 2020.
The weapon, dubbed Avangard, is designed to sit atop an intercontinental ballistic missile. Once launched, it uses aerodynamic forces to sail on top of the atmosphere.
Sources familiar with the U.S. intelligence reports assess that Avangard is equipped with onboard countermeasures that are able to defeat even the most advanced missile-defense systems. The weapon is also highly maneuverable and, therefore, unpredictable, which make it difficult to track.
During a , Russian President Vladimir Putin claimed Avangard was capable of reaching targets at a speed of 20 times the speed of sound and strikes "like a fireball." He also said that the hypersonic warhead had already entered serial production.
The intelligence reports, which were compiled this spring, found that Russia successfully tested a hypersonic glide vehicle, which could carry a nuclear warhead, twice in 2016. The third known test was carried out in October 2017 and resulted in a failure when the platform crashed seconds before striking its target.
The Kremlin is expected to conduct a fourth test sometime this summer.
Meanwhile, the Pentagon and its largest weapons supplier have shared limited details about their own efforts on similar weapons.
After securing a to build an undefined number of hypersonic conventional strike weapons, a representative noted that the company will "not be able to host any interviews on this program" due to its sensitive nature.
Similarly, a U.S. Air Force spokesman said the service will not be making any announcements in the near future regarding its work on hypersonics.