As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
See which stocks are posting big moves after the bell on July 16.Market Insiderread more
Apple should be able follow through on the vision for changing television that Steve Jobs had before his death, but investors and consumers are growing impatient, Walter Isaacson, author of the best-selling biography of the Apple co-founder, told CNBC on Wednesday.
In the last year of his life, Isaacson explained in a "Squawk Box" interview, "Steve had a vision, a real dream for certain products that would come along. Things like watches … or a camera that would take dozens of exposures in a nanosecond … and of course television—the ability to do for television what he had done for music."
But it's been nearly two years since Jobs died, and Apple under the leadership of CEO Tim Cook has yet to release any revolutionary products, which was abundantly clear at this week's event introducing the incremental iPhone 5S and a new cheaper, colorful iPhone 5C.
(Read more: Apple's new iPhone 5C may be priced just right)
On stage Tuesday, Cook "used the word 'incredible' two or three times a sentence," Isaacson said. "Had it been the mystery word in a drinking game you could have knocked out an entire fraternity halfway through the show. But nothing was 'incredible.'"
The same could be said for shares of Apple over the past year, as the company's product lines stagnate. The once highflying stock has dropped about 30 percent from its record highs of more than $700 reached in September 2012—nearly a year after the death of Jobs.
(Read more: Apple: Sell thenews?)
"Every few years, starting in 2001 with the iPod, Steve Jobs would come up with something totally amazing … that's what's missing," argued Isaacson. "You didn't know you needed a thousand songs in your pocket before he told you you did."
Isaacson acknowledged that Jobs did not do it all by himself. "What Steve did very well was awesome, but he needed a Tim Cook by his side to run the company."
"Tim has some wonderful strengths. He's a cool, competent person," Isaacson continued. "But when you watch that video yesterday [Tuesday] of those product announcements, there wasn't the spark. There wasn't sort of that soul and spirit of Steve Jobs."
"At some point they got to have an amazing product person that just says 'Hey, you didn't know you need this, but it's indispensable,'" he added.
Asked whether Apple would be in a slump even with Steve Jobs still at the helm, Isaacson said, "No."
"We have empirical evidence," he continued. "The mid-1970s to 1985, he's running the company, new things come out. He's in the wilderness for 15 years, it declines. He comes back, they blow us away with new ideas."