According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher in Tuesday trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
Vice President Mike Pence said that despite his bullish view of the state of the economy, he backs the president's calls for further rate cuts from the Federal Reserve.
The comments came in response to a question from CNBC's Joe Kernen and will air 6 a.m. ET Thursday on "Squawk Box."
"If things are so great, I don't understand ... At this point, people say we don't have dry powder for the next slowdown. Why would we cut rates again?" Kernen asked.
"Well, you saw the consumer numbers that came out yesterday, though, Joe. I mean, there's no evidence of inflation in this economy," Pence responded.
In the 12-month period through March, consumer prices rose just under the Fed's inflation target of 2%, according to government figures released Wednesday. The Fed tracks a different benchmark, which also remains under 2%.
President Donald Trump and top economic advisor Larry Kudlow, director of the National Economic Council, have also called on the Fed to cut rates, though the central bank's decisions are generally made independently of political demands.
The minutes of the latest Federal Reserve meeting, held in March, show that most Fed officials expect the benchmark rate to be left unchanged this year, though some noted that it "could shift in either direction" depending on economic conditions.
Pence said Wednesday that "this is a president that really does believe that this economy's only starting to grow."
"You look at nations around the world, nations that we compete with every day. And the president really does believe that 3% is a starting point in this economy," he said.