More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
New York Mayor Bill de Blasio's withdrawal from the Democratic presidential nomination race came after ultra-low support in opinion polls tracking preferences. De Blasio had...2020 Electionsread more
James Bullard said he dissented on this week's Fed decision to lower rates by a quarter percentage point because he didn't think the cut was big enough.The Fedread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
The complaint made by an unnamed intelligence official about the president centers on Ukraine, the Washington post reported.Politicsread more
Two sites were hit on Saturday — the Abqaiq and Khurais oil facilities — which took out 5.7 million barrels per day of crude oil production.World Politicsread more
The prospect of further rate cuts from the Federal Reserve has not put a stop to a rally in the financials this month, and one banking stock is leading the pack.Trading Nationread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Analysts say older women are shopping more online and at off-price retailers like T.J. Maxx and Nordstrom Rack.Retailread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
The slow-churning remnants of Tropical Storm Imelda that flooded parts of Texas left at least two people dead and rescue crews with boats scrambling to reach stranded drivers...Weather & Natural Disastersread more
Some original investors in Facebook's digital currency project are considering leaving, the Financial Times reported Friday.
Two Libra founders told the Financial Times they were worried about the regulatory spotlight that the cryptocurrency was attracting. The newspaper also said at least three early backers privately discussed separating themselves from the operation.
The investors said they were concerned that the extra attention would put pressure on their other business ventures, the report said.
In June, Facebook announced that it would launch a cryptocurrency run by the nonprofit Switzerland-based Libra Association in 2020.
The digital currency would not be controlled by Facebook, but rather run by stakeholders that include Uber, Mastercard, Stripe, Visa, PayPal and Spotify, according to the organization's whitepaper.
The announcement from Facebook, which already has a tough track record with regulatory agencies about its privacy practices, caused an uproar from government officials in the U.S. and abroad.
Libra faces a European Union antitrust investigation. And in the U.S., Congress has heard testimony from Treasury Secretary Steven Mnuchin, who said he has worries about potential illicit use of Libra. Federal Reserve Chairman Jerome Powell also told Congress he has "serious concerns" about Libra.
Facebook declined to comment, and Libra could not be immediately reached for comment.
— Read the full Financial Times story here.