President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread 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
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Despite all the criticism of McDonald's, the fast-food giant is one of the nation's best educational institutions, Berkshire Hathaway's Charlie Munger said Monday.
"They take people and give them a first job, which enables them to get a second job. They do a very good job of educating troubled young people to be good citizens and they're probably more successful than charter schools," Berkshire's vice chairman told CNBC's "Squawk Box. "
Munger made his remarks as McDonald's new CEO Steve Easterbrook announced plans to accelerate refranchising and overhaul its organizational structure. Easterbrook warned that progress will be "bumpy and uneven."
Appearing with Munger, Warren Buffett said education in the U.S. has been largely affected by the wealthy sending their children to private schools. "The wealthy in many cities have opted out of the public school system," he said. "Some of them may be involved philanthropically, but with our own kids, we send them to private schools."
In the interview, Munger also discussed why he thinks the U.S. should not become energy independent.
"It's great that we found all this shale oil, but I want to conserve oil and gas in the United States to the maximum extent we can," Munger said.
"I don't see any substitute for oil as a feed stock and for running airplanes," he added. "If there were no threat to global climate change, I'd have no trouble with shifting rapidly to renewable power [such as] solar, wind, and [Bill Gates] may disagree with me. He may think climate change is more important than I do. "
Nevertheless, Gates said in the same interview that as the problems of climate change increase around the world, the need for energy sources that do not emit CO2 grows. "Natural gas is a reduction [of CO2] but it doesn't get you where you need to go, so things like renewables and nuclear need to come in and be a gigantic part of the mix within the next 30 years, " he said.
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Munger added, however, that climate change is not as big of a problem as some make it out to be. "Thirty percent of Holland is under sea water. If we have to spend a few percentage of GDP to adapt to climate change, I think we can, [but] I know of no substitute for hydrocarbons if we ever ran out," he said.
—CNBC's Katie Little contributed to this report.