Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
U.S. wholesale inventories rose more than expected in April as stabilizing oil prices helped lift sales by the most in more than a year, giving wholesalers an incentive to accumulate more stocks. (Tweet This)
The Commerce Department said on Tuesday wholesale inventories increased 0.4 percent. Stocks at wholesalers were revised to show a 0.2 percent rise in March instead of the previously reported 0.1 percent gain.
Economists polled by Reuters had forecast wholesale inventories rising 0.2 percent in April.
Read More Oil stockpiles continue to build: Govt.
Inventories are a key component of gross domestic product changes. The component of wholesale inventories that goes into the calculation of GDP—wholesale stocks excluding autos—rose 0.2 percent, suggesting inventories will probably be a modest boost to growth in the second quarter.
Sales at wholesalers surged 1.6 percent in April, the largest rise since March of last year. Sales had been weak since last August, in part due to the negative impact of lower oil prices on the value of petroleum goods sales.
That had led to an accumulation of inventory, leaving wholesalers with little appetite to buy more merchandise.
At April's sales pace it would take 1.29 months to clear shelves, down from 1.30 months in March.
Read MoreCEOs downgrade US economic outlook
An inventory-to-sales ratio that high usually means an unwanted inventory build-up, which would require businesses to liquidate stocks.
That would weigh on manufacturing and economic growth.
Some economists, however, caution against reading too much into the elevated inventory-to-sales ratio, given the role that oil prices have played in depressing the value of petroleum goods sales.
Still, they expect an inventory drawdown in the quarters ahead, which is one of the reasons for less upbeat second-quarter GDP growth estimates. Inventories added a third of a percentage point to first-quarter GDP. Petroleum sales jumped 4.9 percent in April.