The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread 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
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Shares in Asia were higher in Wednesday morning trade following a positive finish overnight on Wall Street, though trade tensions continued to linger between the U.S. and...Asia Marketsread more
See which stocks are posting big moves after the bell on Tuesday, May 21.Market Insiderread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
The United States sees signs the Syrian government may be using chemical weapons, including an alleged chlorine attack on Sunday in northwest Syria, the State Department said...Defenseread more
James Patterson, the prolific writer who holds a record for the most No. 1 New York Times bestsellers, says "you've never seen anything like" the new book he has released for free via Facebook Messenger.
"It's just so different," he said on "Squawk Box" Tuesday morning.
Conceding that "people don't read like they used to," Patterson is making a pitch to bring more attention to books and publishing in a world where booksellers like Borders have closed down and Barnes & Noble look to "rebound" in a tech-focused world.
"I love the idea of combining film and photography and books and text. And we went to Facebook and they said, 'Yeah, we're in,'" Patterson said. "I think they need content, so here we are."
With the digital release of "The Chef" on Tuesday, Patterson takes a stab at modernizing storytelling by adapting to a text- or instant-message format on Facebook Messenger.
The new story, a murder mystery set in New Orleans, offers an "enhanced" novel experience by delivering readers short messages peppered with multi-media including photos, video and audio clips, maps and other interactive content. The additional content is optional for the reader to engage.
"You're reading text then all of the sudden you see film of what you were reading about," much like an online news article accompanied by photos and videos, Patterson said.
Patterson hopes the new digital storytelling format will counter a retail industry that is "in flux because so much is done online."
While the Facebook Messenger version of "The Chef" will be shortened and adapted into a three-hour experience, the 400-page will be released in the traditional print format in February.
"Twenty years from now, who knows, maybe it will all be done online, but for the moment, in this country, we need literature and that can't be done online right now," Patterson said. "So right now, we need publishers that are willing to experiment and do things that are unusual."