Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday morning as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.Asia Marketsread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Germany's Commerzbank on Wednesday posted a 54 percent drop in net profit in the first quarter, just weeks after merger talks with rival Deutsche Bank fell apart. It attributed the decline to a higher tax burden.
Net profit of 120 million euros ($134.44 million) was slightly above the 115 million euros expected by analysts in a Reuters poll. It fell from 262 million euros a year earlier.
Revenues also declined to 2.156 billion euros in the first quarter, from 2.217 billion a year earlier. But the bank forecast that underlying revenues would be higher in 2019 than in 2018.
Talks with Deutsche Bank were discontinued last month after six weeks of negotiations. The banks attributed the failure to the risks of doing a deal, restructuring costs and capital demands. (Full Story)
The failure of talks has raised questions about Commerzbank's future, with some foreign banks expressing interest in taking it over.
"We are addressing the right issues with our strategy," Chief Executive Officer Martin Zielke said in a statement on Wednesday.
Chief Financial Officer Stephan Engels said business remains on a positive track. "The challenge now is to build on this progress," he said.