Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
Howard Schultz, the billionaire former CEO of Starbucks who is considering an independent run for president, is taking the summer off from political activities and has laid off several staffers – but he is sticking with veteran strategist Steve Schmidt.
"Steve has advised Howard for quite a while and will continue to do so," said a senior Schultz aide who declined to be named. Schultz, the aide added, "is realigning his team as he moves into the next phase of an exploration."
Schmidt was a senior campaign strategist on Sen. John McCain's 2008 presidential campaign and was, until earlier this year, a frequent and vocal media critic of President Donald Trump's.
Schultz has dramatically scaled back his political activities since he announced in January that he would consider a centrist bid for the presidency, targeting both Trump and what he has called an increasingly liberal Democratic Party.
On Wednesday, Schultz released a statement saying that he was recovering from three back surgeries. He said he would be "back in touch after Labor Day" but did not say whether his next announcement will about a potential presidential run.
Schultz's last speaking engagement came in April in Arizona. He canceled events in Utah, San Francisco and Dallas.
While Schultz is out of the spotlight, Schmidt and his team will continue to help the former Starbucks boss "assess the landscape and the viability of running for president as an independent," said another aide, who declined to be named.
Schmidt himself has gone dark. His last public remarks came in February, when he stormed off his own podcast after co-hosts grilled him about backing Schultz. During the interview, he said he was going to open a 501c4 dedicated to building a third party movement that would be funded by Schultz. So far, none of that has come to fruition.
Schmidt, who quit the Republican Party in 2018, has even scaled back his presence on social media, where he would routinely hammer Trump. His last tweet came Jan. 24, when he hit the House GOP for voting against a bill that barred Trump from deciding to exit the North Atlantic Treaty Organization.
Schmidt did not return repeated requests for comment.
Schultz's break comes as former Vice President Joe Biden continues to enjoy strong support in polls. Biden is considered a centrist Democrat and is perceived as a candidate who would capture the kind of moderate voters Schultz would seek.
People close to Schultz said that the strength of Biden's appeal will be a deciding factor for whether the coffee tycoon officially launches a run for president.
Biden consistently leads the expansive Democratic field in state and national polls, According to a Real Clear Politics polling average, Biden is ahead of his 22 rivals with a 32% average. Self-described democratic socialist Sen. Bernie Sanders is second with a 16% average.