Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread 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
Hundreds of passengers throughout Europe have been stranded by the abrupt collapse of the British regional airline Flybmi.
British Midland Regional Limited, which operates as Flybmi, said it's filing for administration — a British version of bankruptcy — because of higher fuel costs and uncertainty caused by Britain's upcoming departure from the European Union.
"Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi's ability to continue flying between destinations in Europe," the airline said on its website.
Britain is scheduled to leave the EU on March 29 but there are serious doubts about whether the British Parliament will approval the Brexit withdrawal deal that Prime Minister Theresa May negotiated with the EU. That is making it more difficult for businesses to plan for the separation.
The airline operated 17 jets on routes to 25 European cities. It employed 376 people in Britain, Germany, Sweden and Belgium.
The airline said all flights will be cancelled and advised passengers to seek refunds from credit card issuers, travel agents or travel insurance companies.
Thanking workers for their dedication, the airline said "it is with a heavy heart that we have made this unavoidable announcement."
Pilots union chief Brian Strutton said the airline's collapse "is devastating news for all employees" and came with no warning.
"Our immediate steps will be to support Flybmi pilots and explore with the directors and administrators whether their jobs can be saved," he said.
The airline was still encouraging bookings the day before its collapse, urging passengers in a tweet to book flights to Germany for winter sports.
Flybmi says it carried 522,000 passengers on 29,000 flights last year.