Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
House Speaker Nancy Pelosi is rejecting the White House's most recent debt ceiling proposal, which included $150 billion in spending cuts, Bloomberg News reported Friday.
The White House sent a two-year budget agreement to Pelosi late Thursday, requesting the Democrats select $150 billion in spending cuts from a list of $574 billion saving opportunities, the news service reported, citing a Democratic official close to the talks.
The White House proposal is a starting point, officials told Bloomberg.
Negotiations between the Trump administration and congressional leaders have heightened recently in efforts to reach an agreement before Congress' recess on July 26. Conservative estimates from Treasury Secretary Steven Mnuchin say the U.S. could lose its spending ability as early as September.
Pelosi's rejection of the deal, which reportedly didn't include any revenue or tax increases, comes after Mnuchin told CNBC on Thursday the market should not be "concerned" about a debt ceiling deal getting passed.
Mnuchin said neither party wants to put the U.S. government at risk of defaulting.
Both sides are hoping to come to an agreement on Friday in order to get a House vote next week, Bloomberg said.