Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran...Marketsread more
Shares of Ulta Beauty and Sally Beauty dropped on Monday after Amazon launched its own beauty store for professionals.Marketsread more
Goldman Sachs says there's still life left in value investing, especially with the Federal Reserve set to cut rates again.Marketsread more
McDonald's says it gained market share in the informal-eating-out category for the first time in five years, thanks to its nationwide launch of fresh beef.Restaurantsread more
Six women are running for president. Five of them are career politicians. Then there's Oprah-approved self-help guru Marianne Williamson.2020 Electionsread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
As candidates from Elizabeth Warren and Bernie Sanders to John Delaney jockey for position in the 2020 Democratic primary, business issues will come up in the first debates.2020 Electionsread more
Facebook has left little doubt that it's primed to enter China, and more clues of its plans in the country will unfold in 2015, a technology journalist said Friday.
The social media company has laid a foundation for entering China, said Jessica Lessin, founder and editor-in-chief of The Information. But Facebook could revise its product to one different from the core site, depending on what the Chinese government will allow.
"It's clear that there is some move coming," Lessin told CNBC's "Squawk Alley. "
China has stonewalled Facebook service for roughly six years. Recent signs—such as Facebook's budding relationships with Chinese technology companies and CEO Mark Zuckerberg's display of fluent Mandarin during a question-and-answer session at China's top engineering college—suggest the social media giant could be setting pieces in place to develop a Chinese product, Lessin said.
"They're clearly accelerating their efforts there," she said.
Facebook in China may take a variety of forms. It could implement a version of the traditional site compliant with Chinese law or build "less sensitive" new or hybrid products that incorporate properties like WhatsApp, Lessin said.
She added that Facebook could potentially make a play in the gaming sphere.
"It is a multiproduct company and I think they're going to use that and those tools to their disposal to get there," Lessin said.
Whatever form it takes, Facebook's product would need to comply with government regulations. Foreign Internet and technology companies are "not a huge focus" for the Chinese government, Lessin noted. Officials have given no sign that they would loosen their stance in the near future, she added.
Facebook declined to comment on any potential product development in China.