Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Apple CEO Tim Cook has found the "recipe" for a positive relationship with the president, management expert Jeffrey Sonnenfeld told CNBC on Thursday.Politicsread more
U.S. President Donald Trump was notably absent when the ASEAN summit kicked off in Singapore this week — a sign Washington may not be "as committed to Asia" as its regional allies would like it to be, said Alex Capri, visiting senior fellow at the National University of Singapore.
U.S. Vice President Mike Pence is representing Trump at the 33rd Association of Southeast Asian Nations (ASEAN) summit, and is expected to lay out details of America's free and open Indo-Pacific vision during his Asia tour.
The no-show signals that "the U.S. is maybe not as committed to the region as some of its allies would like to seem it," Capri told CNBC on Thursday.
"Optics are very very important — and statements and symbolisms. Who comes, what's on the table, what's on the agenda," said Capri. "If Trump were to come out I think it would have been a much more symbolic that ... this was more important."
However, not everyone agrees.
"There's a perception issue around the president not attending. But I think if you actually want to get things done and actually want to send serious messages to people, (Pence) can do that very very well," Dane Chamorro, senior partner at Control Risks, a strategic consulting firm, told CNBC.
"I would not underestimate him," Chamorro added, saying that Pence is very capable of representing U.S. interests in a thoughtful well-informed way.
The ASEAN meetings this week are expected to renew calls for multilateralism and fresh pledges to resolve regional conflicts ranging from the Rohingya crisis in Myanmar to tensions in the South China Sea.
- Reuters and CNBC's Nyshka Chandran contributed to this article