European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Count United Technologies CEO Gregory Hayes among corporate executives not afraid of the Federal Reserve's intentions to keep hiking interest rates.
In fact, he told CNBC's "Squawk on the Street " on Tuesday that he has greater fear over what would happen if the Fed would not continue to raise rates.
"My fear is not rate hikes," he said. "But I am concerned with full employment that there is inflation on the horizon. We've got 5,000 job openings today. We're trying to hire 35,000 people here in the next five years. It's tough to do."
Hayes spoke the same day his company announced that it was splitting into three parts — aerospace, elevators and building divisions.
From a fiscal standpoint, he said, interest expense hasn't been big, accounting for about $1 billion last year on $10 billion worth of earnings before interest and taxes. "It's not that big of a deal for us," he said.
The Fed is widely expected to hike its benchmark funds rate a quarter point on Dec. 19, a move that would bring the target range to 2.25 percent to 2.5 percent. Central bank officials have indicated that three more increases are on the way in 2019, but the market at this point is only pricing in one.
Chairman Jerome Powell and other Fed officials have indicated the economy is past the point of full employment. Powell in particular has stressed the importance of acting to make sure growth doesn't get out of control and force the Fed to move more aggressively.
Hayes said he also worries about the impact of a tight labor market.
"I think there is inflation in the background, and I think labor will lead the way if we can't find a way to solve that," he said.