Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Brazil's freshly appointed president has taken to Twitter to announce plans to privatize 12 airports and 4 sea ports.
Right-wing nationalist Jair Bolsonaro was sworn in as Brazil's president on Tuesday, promising in his inauguration speech to "create a new virtuous cycle to open markets" and "carry out important structural reforms."
Bolsonaro's election campaign included promises to transition parts of Brazil's economy away from state-run enterprises to more private sector operations, and a tweet on Thursday appeared to underline a commitment to that ideology.
The president claimed that privatizing airports and ports would raise initial investments of 7 billion reais ($1.85 bn).
Prior to his inauguration, the new leader slammed Brazil's economy as being weighed down by "hundreds of bureaucratic governing bodies", claiming his government would aim to "untangle the mess."
It is forecast the state sell-off will gather pace with more than 250 billion reais worth of assets potentially set to go on the block.
The unemployment rate in Brazil declined to 11.6 percent in the three months to November of 2018 from 12.1 percent in the three months to August. It is the lowest jobless rate since the three months to July 2016, but still way above a record low of 6.2 percent in December of 2013.
Brazil recorded a government budget deficit equal to 7.8 percent of the country's Gross Domestic Product (gdp) in 2017 and reducing public debt is seen as another one of Bolsonaro's biggest challenges.
One key test will be whether the new president can gather enough political support to take on the reform of Brazil's hugely expensive state pension obligations.
The 63-year-old is Brazil's first far-right president since the country ended rule by military dictatorship in 1985. One in three of his cabinet are former army officers, many of who have openly praised the country's 1964-1985 military regime.