Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
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The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
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The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The immediate economic effect of measles is small, but a continued outbreak to a relatively small portion of the American population would drain hundreds of billions of dollars from the U.S. economy, a health-care expert said on Tuesday.
"There could be a significant impact, for sure," said Ipsita Smolinski, managing director for health-care research and consulting firm Capitol Street on CNBC's "Street Signs. "
In January, 102 measles cases were documented in the United States, more than most entire years since 2000. The disease and its vaccination have become highly publicized and politicized since an outbreak last month linked to Disneyland in California.
The current number of cases poses no immediate threat to the American economy, Smolinski said. But with an estimated cost of $11,000 per case, including treatment, research and lost labor, a breakout to even 5 percent of the population is "certainly concerning," she argued.
That cost would amount to roughly $175 billion, according to government estimates of the U.S. population. Even with a small chance of a larger outbreak, prolonged hysteria could lead to people avoiding airlines, retail stores or other public spaces, she added.