"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards will honor the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread 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
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
President Donald Trump on Friday launched his first Twitter attacks against Michael Cohen since his former longtime lawyer and fixer provided riveting testimony about their relationship before Congress.
After returning from his second summit with the North Korean dictator Kim Jong Un in Vietnam — which was cut short and failed to produce any new agreements — Trump tore into Cohen in a Friday morning tweet storm, accusing him of "going rogue" and committing "perjury on a scale not seen before."
Cohen, 52, pleaded guilty last year to crimes including campaign finance violations and tax evasion, as well as lying to Congress in prior testimony in 2017. He cut agreements with federal prosecutors in New York and with special counsel Robert Mueller, who is investigating Russian meddling and possible collusion with Trump's campaign in the 2016 election.
Cohen is scheduled to be incarcerated in May for a three-year prison term. But on Wednesday, he appeared before the House Oversight Committee in a public hearing to testify that his former boss was a "racist" and a "con man" who committed potentially criminal activity since becoming president.
Trump had responded generally to Cohen's testimony during a television interview while in Hanoi for the summit with Kim. The president claimed Cohen "lied a lot" during the hearing, but added: "It's very interesting because he didn't lie about one thing: He said no collusion with Russia."
Trump, who has no public events scheduled for Friday, amped up his rhetoric in a five-tweet salvo against Cohen.
"Wow, just revealed that Michael Cohen wrote a 'love letter to Trump' manuscript for a new book that he was pushing," Trump claimed. "Book is exact opposite of his fake testimony, which now is a lie!"
The president claimed the book was "written and submitted long after Charlottesville and Helsinki, his phony reasons for going rogue." Trump was referencing Cohen's claim in the hearing that the president's conduct in Helsinki and Charlottesville, Virginia, led the fixer to reconsider his loyalty to Trump.
In 2017, Trump said "there were very fine people, on both sides" of a violent white supremacist rally in Charlottesville, in which one counterprotester was killed. In Helsinki, Trump appeared to accept as genuine Russian President Vladimir Putin's denial that the Kremlin meddled in the 2016 election — a position that broke with U.S. intelligence.
Trump appeared to be referring to Cohen's book deal with Hachette Book Group that was reportedly in the works in early 2018, but fell apart after FBI agents raided Cohen's properties in April. Cohen said Wednesday that that deal was worth about $750,000, for a book to be titled "Trump Revolution: From the Tower to the White House, Understanding Donald J. Trump." He testified that he turned down the deal.
The White House did not confirm to CNBC whether Trump was referencing that book deal specifically.
Trump called on Congress to "demand the transcript" of that book. "Your heads will spin when you see the lies, misrepresentations and contradictions against his Thursday testimony. Like a different person! He is totally discredited," Trump wrote.
The suggestion that the alleged manuscript, written before the falling out between Cohen and Trump, would not match Cohen's sworn testimony Wednesday is likely.
But Cohen already admitted on multiple occasions in that hearing that he told lies for Trump.
"The last time I appeared before Congress, I came to protect Mr. Trump," Cohen said. "Today, I'm here to tell the truth about Mr. Trump."
Trump continued venting rage on Twitter against Cohen, as well as the newly revealed and continued investigations into Trump's finances.
Trump then returned to the "book manuscript," which "shows that he committed perjury on a scale not seen before."
"He must have forgotten about his book when he testified," Trump said.