Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
South Korea will scrap an intelligence-sharing pact with Japan amid an intensifying dispute over history and trade, South Korea's presidential office said on Thursday.Asia Politicsread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
The deal, known as JEDI, would have been a boon to either of those technology companies, which trail Amazon and Microsoft in the public cloud market. Business from the CIA in the United States has helped Amazon Web Services in its effort to get more companies using its services, and the new Defense deal could be more valuable.
AWS and Microsoft are the only companies that meet the minimum requirements for the contract, Defense Department spokesperson Elissa Smith told CNBC in an email on Thursday. The New York Times first reported the decision on Wednesday.
The Defense Department was supposed to select the winner in September 2018 but delayed the process. Now the winner will be announced as soon as July 2019, Smith wrote in the email.
"The scope and complexity of DOD's mission requires multiple clouds from multiple vendors. JEDI is one element of DOD's overall multi-cloud strategy and part of larger efforts to modernize information technology across the DOD enterprise," Smith wrote.
Both IBM and Oracle previously protested the request for proposal for the contract. Those protests were dismissed.
AWS had revenue exceeding $7.4 billion in the fourth quarter. Microsoft does not disclose revenue for its Azure cloud, but in a note distributed to clients earlier this month, Morgan Stanley analysts led by Keith Weiss estimated that Azure gave Microsoft more than $3 billion in revenue in the fourth quarter.
The Pentagon has allocated $61.9 million for JEDI in the budget for the 2020 fiscal year.
AWS, IBM, Microsoft and Oracle declined to comment.