SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The next three weeks are among the rockiest, on a historical basis, of the entire calendar.Trading Nationread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
New York Fed President John Williams said Monday that the central bank acted quickly during last week's jolt to overnight lending markets and that the issue appears resolved...The Fedread more
The U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.Marketsread more
For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.Marketsread more
Samsung said on Monday it will launch the Galaxy Fold in the US on Sept. 27. The launch was delayed from April after reviewers found it broke easily. Samsung says it has fixed...Technologyread more
The holidays are a critical time for many brands, accounting for as much as 30% of a retailers annual sales. Heading into the gift-giving season, shoppers are expected to...Retailread more
Microsoft is looking for a new way to grab business from retailers as they fend off Amazon.Technologyread more
Banks have historically used armies of mortgage brokers to gather income and asset documents from prospective borrowers.Financeread more
President Donald Trump on Friday said he has considered using emergency powers to build a wall along the U.S.-Mexico border.
Those powers could include declaring a national emergency to redirect money from the Defense Department or other sources to fund the wall.
"Yes, I have," Trump told a reporter who asked if he had weighed using those powers. "I could do it if I wanted." Asked whether he needed congressional approval, Trump said, "No, we could call it national emergency."
Trump's answer confirmed earlier reporting by ABC News, which cited multiple sources familiar with ongoing discussions. Those sources told ABC that other legal mechanisms are being considered before any decision on invoking the president's emergency powers would be announced.
"I haven't done it, I may do it. I may do it," Trump added. "But we can call a national emergency and build it very quickly and it's another way of doing it. But if we can do it through a negotiated process, we're giving that a shot. Is that a threat hanging over the Democrats? I'd never threaten anybody but I am allowed to do it."
The remarks came after a lengthy meeting with Democratic leadership about the ongoing partial government shutdown, which dragged into its 14th day on Friday. Negotiations over the shutdown have hinged on a stark disagreement between Democrats and the Trump administration over border wall funding.
Trump and the Democratic leaders emerged separately in the White House Rose Garden after the roughly two-hour meeting in the situation room.
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer approached reporters first, describing the meeting as "contentious" and offering no sign of progress in the shutdown standoff.
The president "said he'd keep the government closed for a very long time — months or even years," Schumer told reporters.
Trump and his allies, however, said the meeting was productive. A bipartisan group of political leaders, including Trump's senior advisor Jared Kushner and Homeland Security Kirstjen Nielsen, will take place over the weekend, they said.
The outdoor press conference marked the president's second time delivering in-person remarks about the shutdown to reporters in two days.
In a press event scheduled with almost no advance notice Thursday afternoon, Trump spoke for the first time from the White House briefing room podium to reiterate his unwavering stance that any deal to fund the government must include money for a border wall.
The president, flanked by border security agents, spoke for less than five minutes in total and answered none of the questions shouted at him by reporters as he left the room.
This is breaking news. Please check back for updates.