The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
The growth in net interest income, a main engine of the industry's profit, looks to slow to a halt in the back half of this year.Banksread more
Here's how Amazon sells ads, and why it has a natural edge over Google and Facebook in some areas.Technologyread more
Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to Cohen's campaign-finance probe should be unsealed — and denied a request...Politicsread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Gov. Phil Murphy of New Jersey announced a lawsuit against the IRS and Treasury Secretary Steven Mnuchin, responding to new, final rules from the IRS that would largely block...Personal Financeread more
Apple is looking to begin production of an electric vehicle as early as 2020, according to Bloomberg, citing people with knowledge of the matter.
Automakers typically spend five to seven years developing a car, underscoring the aggressive timeline for the new venture, Bloomberg said.
Apple's foray into the auto sector, which has remained largely under the radar, marks a significant departure for the company, known for its consumer technology business.
Despite several media reports around an Apple car, there's no official word from the company confirming that it is developing an electric vehicle. Apple declined to comment when contacted by CNBC about the production timeline.
Typically, the cost of developing a car-making facility would run in the neighborhood of $1 billion, while Apple's cash reserves are around $178 billion in cash.
Read the full report here.
-- Josh Lipton contributed to this article.