The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Ross played down the prospect of an agreement being reached at the G-20 meeting in Osaka on June 28-29.Paris Airshowread more
Boeing is scrambling to restore confidence in the 737 Max from regulators, customers and the flying public.Paris Airshowread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Elon Musk, the CEO of Tesla and SpaceX, tweeted early on Monday morning that he "just deleted" his Twitter account.Marketsread more
Pfizer said on Monday it had agreed to acquire Array Biopharma for $10.64 billion, which will grant it access to its cancer drugs.Biotech and Pharmaceuticalsread more
Huawei CEO and founder Ren Zhengfei said that the Chinese tech company will report revenues of around $100 billion in 2019 and 2020, which would be flat growth versus 2018.Technologyread more
Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.Cryptocurrencyread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
If it comes to that, many will choose to align themselves with America, according to Fraser Howie, an independent analyst who has written books about China and its financial system.
"They're going to go with the States," he told CNBC on Wednesday.
Although much of Asia has become wealthier on the back of China's economic rise since the start of the communist country's reforms 40 years ago, the East Asian giant has not managed to grow its soft power much, Howie told CNBC's "Street Signs."
"In 30 years of growth, much of Asia (has become) rich on the back of China, (but) they've failed to make friends. I think this is a weakness of Chinese soft power — they've failed to make friends and people are more nervous of China rather than friendly towards it," he said.
China's rise from an impoverished country to the world's second-largest economy in the span of 40 years has emboldened the Asian country to expand its footprint economically, politically and technologically. Many see that development as a threat to the U.S. that could bring about a seismic change in the world order Washington helped shape.
"China's goal, simply put, is to replace the U.S. as the world's largest global superpower," FBI Director Christopher Wray said at a press conference in December where the U.S. Justice Department announced hacking charges against two Chinese nationals.
U.S. President Donald Trump's administration is currently locked in a bitter dispute with Beijing that has the two sides arguing over not just the tariffs and non-tariff barriers affecting the balance of trade, but also how they fundamentally treat each other's companies.
That means businesses, as well, may have to decide on which side they choose to align themselves, the co-founder of billion-dollar tech company Tradeshift told CNBC last month.
Countries neighboring China — many of which are small — may not want to antagonized Beijing, Howie said, but many people feel they have been "hard done" by China.
"They don't feel that China has played fair in many areas. They feel China is a bully — and certainly it is — and they are using it as an opportunity to try and push back, " Howie said.
Even so, many nations around the world that find themselves in a delicate balancing act between U.S. and Chinese interests may be forced to pick a side.
Meanwhile, many allies and partners of the U.S. — and even departing Secretary of Defense James Mattis — have expressed frustration that the Trump administration has not treated international commitments as well as they'd have liked.
"It makes it very difficult for many of the countries, especially in (Southeast Asia), because so many countries in Asia have largely dismissed politics as it was; there's been an economic direction of travel that everyone has been comfortable with for 20, 30 years — and that's now fundamentally changing," said Howie.
One country that has openly expressed concern is Singapore.
Singaporean Prime Minister Lee Hsien Loong told CNBC in October last year that his country's relationship with the world's top two economies also "depends on how the U.S. relationship with China develops."
"If there are tensions between America and China, we will be asked to pick a side. It may not be directly, but you will get the message that: 'We would like you to be with us, and are you with us? If not, does that mean you're against us?' And that's to put it gently," Lee said.
Countries would ideally not have to take sides, but that may not pan out, said Howie: "There should be room for cooperation and there certainly needs to be a change of practices, but the world is going to look very different in a decade."