The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Newly appointed U.S. Secretary of Defense Mark Esper is reviewing a controversial multi-year cloud-computing contract, a spokesperson said.
The Joint Enterprise Defense Infrastructure deal, which could be worth up to $10 billion for services rendered over as many as 10 years, could go to either Amazon or Microsoft. Those two companies are the top players in the market for cloud infrastructure that companies and governments can use to host applications and store data. The JEDI deal could cement them even more as being ready for the most formidable computing workloads.
"Secretary Esper is committed to ensuring our warfighters have the best capabilities, including Artificial Intelligence, to remain the most lethal force in the world, while safeguarding taxpayer dollars, Defense spokeswoman Elissa Smith told CNBC on Thursday. "Keeping his promise to Members of Congress and the American public, Secretary Esper is looking at the Joint Enterprise Defense Infrastructure (JEDI) program. No decision will be made on the program until he has completed his examination."
The Pentagon had said before that an award could come as soon as August.
The announcement comes after President Trump said last month that he had received complaints from companies about the process. Trump said companies conveyed that the specifications of the contract favored Amazon, according to Bloomberg. IBM and Oracle have been out of the running for the contract for months.
Secretary Esper was sworn in last month, replacing for Jim Mattis. In a meeting with reporters last week he said the JEDI deal is something he wanted to take a "hard look at."
-- CNBC's Amanda Macias and Ryan Ruggiero contributed to this report.