The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
EU Competition Commissioner Margrethe Vestager is preparing to launch a full probe into Amazon in the coming days, Bloomberg reported.Technologyread more
IBM announced Tuesday that it signed a multi-year agreement with AT&T enabling the carrier to host its business applications on the IBM Cloud.Technologyread more
Amazon Prime Day enters its second day, with more than 1 million deals being offered, including intermittent "lightning deals." Here's how to navigate the 48-hour shopping...Invest in You: Ready. Set. Grow.read more
China has asked the U.S. to cancel any planned arms sale to Taiwan, accusing Washington of interfering in domestic Chinese affairs.
On Monday, the Pentagon announced to Congress it is likely to make a major sale of arms to the East Asian state when it outlined a $2.2 billion deal to provide tanks, anti-aircraft missiles and related equipment.
Taiwan is officially known as the Republic of China (ROC), whereas mainland China to its west is known as the People's Republic of China (PRC). Beijing policy dictates that China will refuse diplomatic relations with any country that recognizes the island as a sovereign state.
Added to that historical tension, the military sale comes at a time when relations between Washington and Beijing are at a particularly low ebb due to the ongoing trade war.
China's foreign ministry spokesman Geng Shuang told reporters Tuesday that the sale of weapons "seriously violates the one-China principle," and "grossly interferes in China's internal affairs and undermines China's sovereignty and security interests."
Geng added that China had already lodged formal complaints opposing any sale through "diplomatic channels, "and urged Washington that to avoid to disrupting stability in the Taiwan Strait, it must "immediately cancel the planned arms sale and stop military relations with Taipei."
The possible deal would include 108 General Dynamics M1A2T Abrams tanks and 250 Stinger missiles. The sale could also include mounted machine guns and ammunitions.
In 1982, the United States issued the "Six Assurances" — six foreign policy principles designed to reassure Taiwan that it would continue to support the island even in the absence of formal diplomatic relations.
In a statement on its English-language website, the Taiwan Presidential Office expressed "sincere thanks" to the United States for helping the island strengthen its defense.