In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
"The important thing is that you shouldn't try to hit homeruns this week, because you're much more likely to end up striking out," Jim Cramer says.Mad Money with Jim Cramerread more
Reps. Ilhan Omar, Ayanna Pressley, Alexandria Ocasio-Cortez and Rashida Tlaib said Trump challenged them personally because he was not able to defeat them on the policy level.Politicsread more
A financial disclosure made by lawyers for Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, reveals he has nearly $560 million in assets.Politicsread more
Amazon plans to sell its Fire smartphone for 99 cents—when purchased with a two-year contract—as the company looks to compete against industry leaders in the high-end mobile market, the company said on Monday.
Amazon also plans to include a free year of Amazon Prime subscription with the purchase.
"With access to all of the Prime content, Mayday, 32GB of memory and free unlimited cloud storage for photos, plus the exclusive Dynamic Perspective and Firefly features, Fire is another example of the value Amazon delivers to customers," said Ian Freed, vice president of Amazon Devices.
The new price is a huge jump from when Amazon unveiled the premium handset in June at $199 with a two-year contract and 32GB of memory, or $649, around the same price of Apple's iPhone 5S. The phone is sold exclusively through AT&T.
Watch: The plan to kill Amazon
Fire has been criticized for its short battery life and its incompatibility with other interfaces.
Last month, Mike Gikas, an editor at Consumer Reports, told CNBC that the phones biggest issues is it locks users into Amazon's retail interest—preventing them from downloading popular Google apps like Gmail, Maps, Play and Drive.
"It's not like you need that phone to tap into all of the content and the wonderful things that Amazon has to offer… my two-year old Android phone can get most of the benefits that Amazon offers.
The Fire phone—which ranks fourth among contract phones on Amazon's own best sellers list—will be available in the U.K. and Germany later this month.
Amazon shares were nearly 2 percent lower in midday trading on the NYSE.
—By CNBC's Karma Allen