More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
The complaint made by an unnamed intelligence official about the president centers on Ukraine, the Washington post reported.Politicsread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
General Electric announced plans Thursday spin off its GE Digital business and establish an independent internet of things company, built around several GE Digital technologies.
GE also said it is simultaneously selling a majority stake in Service Max to private equity shop Silver Lake. Service Max is a software business GE Digital acquired for $915 million in November 2016.
"As an independently operated company, our digital business will be best positioned to advance our strategy to focus on our core verticals to deliver greater value for our customers and generate new value for shareholders," GE chairman and CEO Larry Culp said in a statement.
GE also announced that GE Digital CEO Bill Ruh has left the company and said it will "conduct an internal and external search to identify the CEO for this new independent company."
GE said the new internet of things company will have its a new brand, as well its own equity structure and independent board of directors. More details will be announced in the first quarter, it said.
GE shares jumped 7.3 percent in trading Thursday to close at $7.20 a share. The stock largely moved higher after J.P. Morgan analyst Stephen Tusa, a longtime GE bear, upgraded his rating to neutral from underweight. He said the embattled industrial giant now has a more "balanced risk reward at current levels."