Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Beijing is still short on details on how it will respond to new U.S. tariffs on Chinese goods.World Economyread more
Falling air cargo demand could be flashing warning signs about the broader economy.Transportationread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Target's latest earning report shows how these investments are driving traffic and sales at a time when other retailers are struggling.Retailread more
The chip, called the Ascend 910, was first unveiled in October last year and is aimed at data centers.Technologyread more
Brazilian President Jair Bolsonaro hit back at French leader Emmanuel Macron, after he urged dialogue among G-7 leaders on the rising number of fires in the Amazon rainforest.World Politicsread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
"The economy may be in good shape now, but if we keep getting more and more tariffs it could deteriorate," Jim Cramer says.Mad Money with Jim Cramerread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
When asked on Tuesday about Facebooks' Libra cryptocurrency project, which has been lambasted recently by President Trump and his administration, the J.P. Morgan Chase CEO replied that he didn't see it as a near-term threat.
"To put it in perspective, we've been talking about blockchain for 7 years and very little has happened," Dimon said during a conference call with analysts. "We're going to be talking about Libra three years from now. I wouldn't spend too much time on it."
Of course, Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin. That effort, reported first in February by CNBC, would remain within the regulated confines of the biggest U.S. bank.
After Facebook, which controls the world's biggest social network, announced its Libra project last month, central banks and elected officials around the world expressed concern. Last week, President Trump tweeted that if the tech giant wants to do banking activities, it must submit to banking regulations.
Dimon added Tuesday that he believes that any new efforts will have to conform to the industry's rigorous anti-money laundering rules instigated after the financial crisis.
"We don't mind competition," Dimon said. "The request is always going to be the same: We want a level playing field. And governments are going to insist that people who hold money or move money all live according to rules where they have the right controls in place; no-one wants to aid and abet terrorism or criminal activities."
The Senate Banking Committee is holding hearings on Libra Tuesday.