Even with better economic data, the market is betting the Fed will cut rates by 50 basis points in July, after dovish comments from two Fed officials.Market Insiderread more
Iran on Friday denied President Donald Trump's assertion that the U.S. Navy has destroyed one of its drones, saying all of its unmanned planes were safe.Politicsread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
Market researcher James Bianco believes it's crucial to get a half point cut at the next Federal Reserve meeting.Trading Nationread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
President Trump said he's looking at the JEDI contract that will be awarded to Microsoft or Amazon.Technologyread more
Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
The disappearance of one of China's most famous actresses has fueled suspicions about the role of Chinese authorities.
Fan Bingbing, the Chinese A-lister who's starred in Hollywood franchises such as "X-Men" and "Iron Man," has not been seen publicly since early July, shortly after she found herself at the center of a tax probe.
Fan's name has been expunged from posters for her forthcoming movie with Bruce Willis, a Chinese production known in English as "Unbreakable Spirit." The release date for the film has been pushed back from August to October, while the release of a second film featuring the star has been on hold since June, according to reports from The New York Times.
The once prolific social media user has disappeared online too. Fan has been silent among her 62 million followers on Weibo, China's version of , since July 26, when she liked a number of post. Her last posts on Instagram, meanwhile, were back in mid-May.
The star's disappearance coincides with recent reports that she was being investigated over tax evasion in the film industry.
In late May, a former host for state-run China Central Television, Cui Yongyuan, posted pictures on Weibo of two contracts that were allegedly linked to Fan's 2003 blockbuster hit "Cell Phone." One showed a salary of $1.6 million for four days' work, while the other suggested that she received under-the-table payments of an additional $7.8 million.
Such "yin-yang" contracts are a common but illegal practice to avoid paying taxes in China. In the case of the film industry, production companies provide actors with two contracts: one stating the real fee and one denoting a lesser sum, which is shown to the taxman.
Fan's representatives have vehemently denied the allegations as slander, and Cui has since walked back on his claims, but the posts sparked an inquiry by Chinese authorities into the entertainment industry.
Shortly after Cui's post, the country's State Administration of Taxation released a statement saying: "If violations of tax laws and regulations are found, they will be handled in strict accordance with the law."
Thus far, no violations have been found against Fan, but the Chinese government has remained quiet on the subject of her mysterious disappearance.
"The situation is that we all speak with one voice from top to bottom: that is that we don't accept interviews and we have no comment," said an official tasked with her case, reported the Times.
Reuters has been unable to contact Fan.
The star, who turned 37 on Sunday, is one of China's highest-paid actresses with an estimated net worth of $40 million.
Since her disappearance, the actress has been dropped from a number of high-profile commercial relationships including with German accessories brand, Montblanc, a partnership which started in April.
Correction: An earlier version of this report included an image from a third-party provider that misidentified Fan Bingbing.