Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by...Livestockread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
House Republicans elected Rep. Kevin McCarthy as the chamber's new minority leader on Wednesday, putting him in charge of an unruly caucus that faces a loss of power in January for the first time in eight years.
The California Republican and current majority leader put down a leadership bid from Rep. Jim Jordan, a co-founder and former chairman of the hard-line conservative House Freedom Caucus. McCarthy defeated Jordan by a vote of 159 to 43.
McCarthy in January will succeed House Speaker Paul Ryan, who will retire at the end of his current term, as leader of the House GOP caucus. Republicans elected current Majority Whip Steve Scalise as minority whip, which will make him the No. 2 member of the GOP caucus next year.
McCarthy will have to balance the demands of governing in the minority and leading a party that has increasingly cast itself in the mold of President Donald Trump. The GOP representative, who has himself drifted more toward Trump since the president took office, will also try to figure out how to vault a party that suburban voters wary of the president's party rejected at the ballot box last week.
Democrats are projected to win 226 seats in the next Congress, while Republicans are set to win 199, according to current NBC News projections. Ten contests are still undecided.
Facing a Democratic majority, McCarthy will have a major role in deciding how his party proceeds on issues such as health care, immigration and tax policy, and whether leadership indulges the party's more conservative impulses. The California Republican has served as House majority leader under both former GOP Speaker John Boehner and Ryan.
Current House Minority Leader Nancy Pelosi hopes to reclaim the speaker's gavel in a January election, though opposition to her leadership has mounted within the Democratic caucus.
Also on Wednesday, Senate Republicans and Democrats re-elected Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer to their positions.